Frederic Cilins, 51, a French citizen, pleaded guilty Monday in the Southern District of New York to obstructing a federal criminal investigation into whether a mining company paid bribes to win mining rights in the Republic of Guinea.
Entries in money laundering (51)
The Department of Justice has frozen more than $458 million in corruption proceeds hidden in bank accounts around the world by former Nigerian dictator Sani Abacha and his co-conspirators.
Senator Ronald Calderon of the California State Assembly was indicted last Thursday on two dozen counts of bribery, fraud, money laundering and other charges, and accused of accepting $100,000 in bribes from a hospital owner and undercover FBI agents.
The former co-chief executive officer of oil and gas services company PetroTiger Ltd. pleaded guilty Tuesday for bribing an official at Ecopetrol SA, Colombia’s state-controlled oil company, and defrauding PetroTiger by taking kickbacks.
Financial police in the southern Italian city of Salerno on Tuesday arrested Nunzio Scarano, a Vatican monsignor, for allegedly using his Vatican bank accounts to launder money. Scarano is already on trial for charges of conspiring to smuggle €20 million ($26 million) from Switzerland to Italy aboard a private jet to evade customs and taxes in June.
The Basel Committee on Banking Supervision has issued new guidelines designed to help banks address the risks related to money laundering and financing of terrorism. The same guidelines could also help other types of businesses with their compliance programs.
Two former CEOs of PetroTiger Ltd., a British Virgin Islands oil and gas company with operations in Colombia and offices in New Jersey, were charged with Foreign Corrupt Practices Act-related offenses, fraud and money laundering. And the company's former general counsel pleaded guilty to bribery and fraud, the DOJ said Monday.
Prosecutors in Romania launched a criminal investigation into foreign-controlled Rosia Montana Gold Corporation (RMGC), the company operating the largest open-pit gold mine in Europe. The investigation is focusing on money laundering and tax evasion, according to a report by the Organized Crime and Corruption Reporting Project here.
Undoubtedly, the most helpful decision this year for UK-based white collar crime lawyers was a tax related case in which the Supreme Court refused to extend legal advice privilege “LAP” to other professionals by reference to a legal function test. A copy of the decision is here (in pdf).
A former vice president from Venezuela's state economic development bank pleaded guilty Monday and agreed to cooperate with prosecutors investigating a massive bribery and fraud scheme by a U.S. broker.