Tag: All Regions

According to a report from the Financial Crimes Enforcement Network (FinCEN) on Oct. 10th, TD Bank’s U.S. wing agreed to pay over $3 billion in penalties. The fine was for failing to properly monitor money laundering activities. The bank has also accepted limits on its future growth in the U.S. FinCEN found that TD Bank facilitated over $1 billion in transfers linked to two crypto exchanges — one based in the United Kingdom and the other in Colombia. TD Bank…

TORONTO — The more than US$3-billion settlement TD Bank Group has reached with U.S. regulators for its failures to oversee money laundering risks has underlined what some say are relatively weak enforcement options in Canada. Denis Meunier, president of DMeunier Consulting Inc. and a former deputy director of Fintrac, said fines in Canada have to increase significantly to provide adequate deterrence and not become just a cost of doing business. He says the federal government should add substantial fines for…

ROME – Italy’s supreme court on Oct 14 overturned the acquittal of 23 people over allegations they took bribes from late prime minister Silvio Berlusconi to lie in an underage prostitution case that had dogged him for years. The ruling means that even though Mr Berlusconi himself died last year, one of the most famous investigations tied to his extravagant past, lives on. A Milan court in February 2023 had acquitted Mr Berlusconi and all the other defendants – mostly…

Canada-based financial institution TD Bank has announced its agreement to pay over USD 3 billion, pleading guilty to criminal charges related to money laundering in the US. As detailed by regulators, the fine follows TD Bank’s failure to appropriately monitor money laundering by drug cartels and other criminals, allowing them to transfer hundreds of millions of dollars in unlawful funds. In addition, the bank did not enforce sufficient defences against money laundering for nearly 10 years. It did not efficiently…

View All Environmental Crimes Bulletins In This Issue: Cases by District/Circuit District/Circuit Case Name Statute(s) 8th Circuit Court of Appeals United States v. Harvey Allen Hugs BGEPA 11th Circuit Court of Appeals United States v. John R. Moore, Jr., et al. Maritime Jurisdiction Theft Southern District of California United States v. Michael Hart Greenhouse Gas Imports/ Conspiracy, American Innovation and Manufacturing Act of 2020 United States v. Amy Lupercio District of Columbia United States v. Rudy’s Performance Parts, Inc., et…

An indictment was unsealed today in Brooklyn, New York, charging eight defendants for their alleged roles in a scheme to defraud Medicaid of approximately $68 million through the operation of two social adult day cares and a home health care financial intermediary that were paying kickbacks and bribes for services that were not provided. According to court documents, Zakia Khan, 53, of Brooklyn, and Ahsan Ijaz, 27, of Brooklyn, owned two social adult day cares, Happy Family Social Adult Day…

Former President Donald Trump told Fox News host Sean Hannity on Wednesday that Israel needs to “finish the job” in Gaza and pledged to restore the Israel Lobby’s power over Congress if elected. He also said that unnamed people are telling him the October 7th attack “never happened” and compared them to “Holocaust deniers.” Trump says Israel needs to finish bombarding Gaza more quickly. He says unnamed people are telling him the Oct. 7 attack never happened, just like Holocaust…

Toyota is investing another $500 million in Joby Aviation as part of a partnership aimed at helping get the American air taxi company’s commercial business off the ground. Toyota’s investment will be used to support certification and production of Joby’s electric air taxi, the companies said Wednesday, and brings Toyota Motor Corporation’s total investment in Joby to $894 million. After the investment, which will come in two equal tranches later this year and next, Toyota will own about 22% of…

BRUSSELS (Reuters) – The EU Court of Justice upheld on Wednesday its ban on the provision of legal advice to Russian entities and individuals. The measure was first introduced in 2022 by the European Union as part of sweeping sanctions on Russia in response to its invasion of Ukraine. The ruling came after the Dutch bar association of Brussels, the Paris bar and others had asked for the measure to be annulled. “The prohibition thus applies only to legal advice…

Gaza’s health ministry says at least 51 people have been killed and another 82 wounded in a large Israeli air and ground operation in the southern city of Khan Younis. The European Hospital in Khan Younis said it received the bodies after heavy Israeli airstrikes and ground operations in the city. Hospital records show that seven women and 12 children as young as 22 months old were among those killed. Another 19 people, including two children, were killed in separate…

The former comptroller general of Ecuador was sentenced today to 10 years in prison for his role in a multimillion-dollar international bribery and money laundering scheme in which he received over $10 million in bribes and laundered those bribes payments in South Florida. According to court documents and evidence presented at trial, between 2010 to 2015, Carlos Ramon Polit Faggioni, 73, solicited and received over $10 million in bribe payments from Odebrecht S.A., the Brazil-based construction conglomerate. Polit, in his position…

NEW YORK (Reuters) – Former cryptocurrency executive Caroline Ellison is set to be sentenced on Tuesday for her role in her imprisoned former boyfriend Sam Bankman-Fried’s theft of about $8 billion in customer funds from the now-bankrupt FTX exchange he founded. Ellison has pleaded guilty to seven felony counts of fraud and conspiracy, and testified as a prosecution witness in the trial of Bankman-Fried, who was convicted of fraud and other charges last year and is serving a 25-year prison…

The U.S. is sending additional troops to the Middle East in response to a sharp spike in violence between Israel and Hezbollah forces in Lebanon that has raised the risk of a greater regional war, the Pentagon said Monday. Pentagon press secretary Maj. Gen. Pat Ryder would provide no details on how many additional forces or what they would be tasked to do. The U.S. currently has about 40,000 troops in the region. On Monday, the aircraft carrier Truman, two…

FAA vows to hold Boeing accountable, revamp agency safety program WASHINGTON (Reuters) – The head of the Federal Aviation Administration will tell Congress on Tuesday the agency will hold Boeing accountable to ensure the planemaker is building safe airplanes and will revamp its own safety management program. “As a result of systemic production quality issues, Boeing must make significant changes to transform its quality system and ensure the right layers of safety are in place,” FAA Administrator Mike Whitaker will…

On Friday, December 15, Al Jazeera journalists Samer Abudaqa and Wael Dahdouh were reporting at the Farhana school in Khan Younis when Israel struck from the air. Dahdouh took shrapnel to his upper arm but was able to apply pressure to the wound and escape to a nearby hospital for help. But Abudaqa was unable to move. Rescue teams tried to reach him, but couldn’t due to Israeli bombardment. For more than five agonising hours, as he lay bleeding, campaigns were…

Defence Minister Minoru Kihara calls on the Russian government to prevent a recurrence. Japan has protested to the Kremlin after a Russian patrol plane entered its airspace three times, Defence Minister Minoru Kihara says. “We confirmed today that a Russian Il-38 patrol aircraft has violated our airspace over our territorial waters north of Rebun Island, Hokkaido, on three occasions,” Kihara told reporters of Monday’s incidents. Japanese F-15 and F-35 fighter jets warned the Russian military over the radio before firing…