August 2022 2nd Edition

Featured Articles

Ukraine: JPMorgan Chase, Citi, and HSBC Banks Financing Russia be Charged for War Crimes

Ukraine is pursuing war-crimes charges against leaders of major Western banks, an official said. The Zelenskyy advisor Oleg Ustenko earlier asked the banks to stop financing traders of Russian oil. Ustenko told CNBC on Tuesday that Ukraine was gathering data on banks and would pass it to the ICC. Ukraine is pursuing war-crimes charges against leaders of JPMorgan Chase, Citigroup, and other major Western banks over their purported indirect financing of the Russian state, an economic advisor to Ukrainian President

July 28, 2022

US: Brokers and Banks Helped Drug Cartels from Honduras Laundered $Millions

The case of a Honduran money launderer soon to be sentenced in the United States has shed light on the importance of brokers and US bank accounts for repatriating drug money. Kensy García Torres, a financial broker for a Honduran cartel, recently pled guilty to laundering over $1.8 million in

August 1, 2022

Latvia: Two Major Banks Charged for 2.1billion Euro in Money Laundering

Latvian prosecutors have charged a shareholder and top managers of the country’s erstwhile third largest bank, ABLV, with laundering 2.1 billion euros through a network of shell companies. The indictment accuses ABLV co-owner and CEO Ernests Bernis, former deputy CEO Vadims Reinfelds as well as Arvis Šteinbergs, co-manager of shell

July 31, 2022