February 26, 2015
by Colleen Mallick
Former Guatemalan president Alfonso Portillo was released from a US prison on Wednesday after serving a sentence for taking bribes from Taiwan. Federal prosecutors charged Portillo with using US banks and institutions to launder money. Portillo was arrested in 2010 on embezzlement charges and ...[read more]
February 16, 2015
by Peter Snyder
The Supreme Court of Canada on Friday struck down part of the nation's anti-money laundering and terrorist financing law pertaining to lawyers, on the grounds that the legislation infringed on lawyers' duty to their clients. A unanimous court found that provisions of the Proceeds of Crime (Money ...[read more]
February 8, 2015
by Dominic Yobbi
Somalia's prime minister on Sunday appealed to the US government and US banks to resume allowing money transfers to Somalia, a crucial service for many in the war-torn country. Almost all US banks have stopped allowing remittance services to Somalis in the US due to recently enacted legislation ...[read more]
October 15, 2014
by William Helbling
The Ukrainian government on Tuesday passed five anti-corruption laws in an effort to cure past issues and work towards developing more transparency in government affairs. The anti-corruption law package addresses issues with Bureau corruption, creates principles of anti-corruption policy and ...[read more]
September 17, 2014
by Addison Morris
Vladimir Yevtushenkov, Sistema's chairman and largest shareholder, was placed on house arrest Tuesday after being accused of money laundering. Yevtushenkov is one of Russia's richest men and is estimated by Forbes to be worth approximately USD $4.5 billion. Sistema insists that the charges are ...[read more]
August 21, 2014
by Dominic Yobbi
The president of the United Arab Emirates (UAE) endorsed a new law to better combat evolving terrorist threats, state media reported Wednesday. The law, a revision of the country's nearly 10-year-old counter-terrorism law, would introduce new security measures to counter such crimes as attacks on ...[read more]
July 2, 2014
by Addison Morris
BNP Paribas (BNPP) pleaded guilty on Monday to criminal charges of violating US sanctions and will pay a penalty of almost $9 billion. The French bank has been under investigation for violating US money laundering laws by helping clients from Iran, Sudan and Cuba dodge US economic sanctions. The ...[read more]
April 9, 2014
by Benjamin Minegar
US Attorney General Eric Holder on Tuesday expressed concern before the US House of Representatives Judiciary Committee with respect to the proliferation of virtual currencies, which, he asserts, have created new avenues for money laundering, drug trafficking and other illegal activity. Holder ...[read more]
February 28, 2014
by Amy Mathieu
The Brazil Supreme Court overturned racketeering convictions of several former leaders of the Workers Party on Thursday by a 6-5 vote, which will result in lessened prison sentences. The convictions of corruption and money-laundering in the nation's largest political corruption case will not be ...[read more]
December 20, 2013
by Kimberly Bennett
Russian President Vladimir Putin signed a decree on Friday pardoning former oil tycoon Mikhail Khodorkovsky, and releasing him from prison. Khodorkovsky has already spent over a decade in prison for fraud, theft and money laundering. In a statement posted on his website, Khodorkovsky said he had ...[read more]

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