When you think of a bank, you imagine a place of trust and responsibility. But for nearly a decade, TD Bank, the U.S. branch of Canada’s Toronto-Dominion Bank, played a very different role. This major bank didn’t just fail to prevent crime—it actively became a gateway for some of the
Former Brazilian President Jair Bolsonaro has been indicted by the Federal Police for allegedly receiving undeclared diamonds from Saudi Arabia during his presidency, alongside charges of money laundering and criminal association. This marks his second indictment since leaving office, following accusations of falsifying his COVID-19 vaccination record. Bolsonaro denies any
Federal prosecutors announced that Epoch Times CFO Bill Guan has been charged with orchestrating a $67 million global money laundering scheme, involving prepaid debit cards, bitcoin, and stolen personal information. Federal prosecutors announced on Monday that the chief financial officer of the conservative international news organization The Epoch Times had
The DOJ has announced that Binance pleaded guilty to money laundering, and faces over $4 billion in fines, and Mr. Zhao consents to resign as CEO of Binance. Table of Contents’Complete Exit From the United States’More Details The founder of Binance, the largest cryptocurrency exchange in the world, Changpeng Zhao,
The Bank for International Settlements (BIS) plans to use AI to monitor global bank transactions for potential instances of money laundering. The project, known as “Project Icebreaker,” focuses on developing a SWIFT-like bottleneck system that would enable global banks to regulate and potentially standardize all currencies. While the IMF is
The ED submitted an affidavit calling Vivo money laundering an act of financial terrorism, citing an Orissa High Court ruling from 2020.
Vivo and Oppo, two Chinese smartphone manufacturers, are in trouble after being charged by several government authorities of money laundering and tax evasion, respectively. However, did you know that Vivo, Oppo, Realme and OnePlus are all owned by just one secret Chinese company known as BBK Electronics.
A congresswoman has claimed that US aid to Ukraine looks like a money laundering scheme and instead should be used to address domestic concerns such as homelessness and human trafficking.
The former head of the Vatican Bank, Angelo Caloia has been found guilty of money laundering by the Vatican court and sentenced to 9 years in prison. As reported by GreatGameIndia earlier, bankrupted by sexual abuse cases, US Roman Catholic Church is one of the biggest beneficiary of taxpayer-backed Coronavirus aid with
