Money Laundering

In a US court case, the judge has not considered Bitcoin as a currency, so that no money laundering may have taken place. Instead, the judge assessed Bitcoin as the defendant's normal property. Money laundering is only possible with a currency.

In a US court case, the judge has not considered Bitcoin as a currency, so that no money laundering may have taken place. Instead, the judge assessed Bitcoin as the defendant's normal property. Money laundering is only possible with a currency.

The former Brazilian President Lula has to be held responsible for corruption in court. He faces a long prison sentence. However, he asserts his innocence - the allegations are politically motivated.

Ion Obloja, former Vice-president of UTI Group will be prosecuted by Directorate for Investigating Organised Crime and Terrorism (DIICOT) under judicial control in a case where he is accused of founding an organized crime group for money laundering and tax evasion.

Fiscal investigations on 500 people in France, as a consequence of the Panama Papers scandal: the budget office of the Finance Ministry said Thursday its experts have studied the leaked information and are now digging deeper into 560 specific cases.

Italian Anti-mafia investigators have confiscated goods and properties for an overall value of over 25 million euro in Modena, Catanzaro and Rome. A case of collusion between a mafia-like gang and businessmen. They are accused of criminal association and extortion.

In UK twenty-two people face civil and criminal investigations into suspected tax evasion following the disclosure of the Panama Papers, the chancellor has told MPs. Another 43 wealthy individuals are under review as a result of inquiries following Mossack Fonseca leak. Further investigation into areas including links to organised crime will take place in the coming months, the Cabinet minister added.

El Salvador will confiscate all possessions of former President Antonio Saca, who is accused of large scale corruption, fraud and money laundering. Antonio Saca is accused of stealing more than 220 million euros of State funds together with six of his former employees. The court believes there is enough evidence in the case to apply the confiscation measure.

Former Brazilian President Luiz Inacio Lula da Silva was detained for questioning on Friday in a federal investigation of a Bribery and Money Laundering scheme that police said had financed campaigns and expenses of the ruling Workers Party.

HSBC revealed it faces another potentially damaging U.S. investigation, this time over hiring people linked to government officials in Asia, which combined with below-forecast earnings led to a sharp fall in its shares on Monday.