A customer’s cash purchases of luxury goods totaling millions of euros in value caught the attention of prosecutors, who say the company should have noticed.
Category: Money Laundering
3 Teenagers Arrested Over Cyberattacks That Cost U.K. Retailers Millions
Four people total were arrested in connection with an April cyberattack that disrupted operations at Marks & Spencer, Harrods and Co-op.
U.S. Accuses Three Mexican Financial Firms of Aiding Fentanyl Trade
The U.S. Treasury found ties between drug cartels and the Mexican companies, including a brokerage firm controlled by a former chief of staff of Andrés Manuel López Obrador.
Ex-Malaysia Premier Najib Has Money Laundering Charges Dropped
Money-laundering charges against Najib Razak were dropped because of prosecutorial delays, intensifying criticism that he was being treated leniently.
Crime Rings Plotted to Trade Cocaine for Syrian Weapons, Prosecutors Say
The intricate scheme, spanning four continents, appears to justify concerns that the military arsenal of Bashar al-Assad, the deposed Syrian dictator, could fall into dangerous hands.
Colombia Grants Asylum to Richard Martinelli, Ex-President of Panama
The former leader said he had traveled to Bogotá after spending a year holed up the Nicaraguan embassy in Panama City following a money-laundering conviction.
U.S. Moves to Blacklist Huione Group Over Money Laundering Ties
The Treasury Department said Huione Group and its affiliates had laundered more than $4 billion.
