By Tristan Clavel (AP Photo/Salvador Melendez) On 12 september 2018, Eliás Antonio Saca, an ex-president of El Salvador (Central America), was sentenced to 10 years in prison for the embezzlement of more than $300 million and money laundering. The sentencing is an important step in the fight against corruption in El Salvador, but the sentence Read more about Despite Confession, Former El Salvador President’s Sentencing Is Bittersweet[…]
On July 9, 2018, the European Union (EU) Parliament implemented changes to the anti-money laundering legislation about the transparency of cryptocurrency exchanges. The new legislation is called the 5th Anti-Money Laundering Directive. The decision to make the changes was made by the EU Parliament earlier this year, in February, when Europol alarmed the EU, saying Read more about A new European Union directive imposes more transparency for the cryptocurrency sector[…]
The two brothers George and Alfred Degiorgio, already suspected to be the murderers of Maltese journalist Daphne Caruana Galizia, were charged with money laundering on Wednesday. Whilst they claimed to be unemployed, investigators had noticed inconsistencies between their finances and their lifestyle : they were indeed driving luxury cars and owning luxury boats. The court Read more about Suspects in Daphne Caruana Galizia’s Murder Charged with Money Laundering in Malta[…]
Germany’s secretive financial sector is second only to Luxembourg in its vulnerability to money laundering, and is one of the worst member states for tax dodging, according to an analysis of EU nations published a year after the Luxleaks scandal.