money laundering

Iran’s judiciary said Tuesday that it commuted a death sentence for a tycoon to 20 years in prison after he returned around $2.1 billion in assets from illegally selling oil abroad, the official IRNA news agency reported. Babak Zanjani,…
Read More...

The CEO of the Royal Commission for AlUla Amr bin Saleh Abdulrahman AlMadani has been arrested for his involvement in corruption crimes, an official source at the Oversight and Anti-Corruption Authority (Nazaha) stated on Sunday. The…
Read More...

Saudi authorities wrapped up a case involving an attempt to smuggle a million dollars out of the Kingdom, convicting 23 individuals, the Public Prosecution announced on Monday. An investigation revealed how they were found with over SR4…
Read More...

The Executive Office of Anti-Money Laundering and Counter Terrorism Financing in the UAE has signed a memorandum of understanding with the Egyptian Money Laundering and Terrorist Financing Combating Unit, the Emirates News Agency reported…
Read More...

The Anti-Corruption Commission in Saudi Arabia carried out 3,207 oversight rounds and investigated 116 suspects, including employees of the Ministries of Defense, Interior, Health, Justice, Education, Municipal and Rural Affairs, and…
Read More...

A money laundering network in Pakistan transferred a “colossal amount” of allegedly illicit funds to Iran, with a representative of the Iranian supreme leader among the recipients, court documents recently submitted by Pakistani…
Read More...

France, Germany and Luxembourg have seized properties and frozen assets worth 120 million euros ($130 million) in a major operation linked to money laundering in Lebanon, the EU’s justice agency said Monday. The seizures are linked to a…
Read More...

NatWest tripled its profit in the third quarter as Britain's resurgent economy lifted its finances, despite setting aside cash for an expected fine for money laundering failings. State-backed NatWest, Britain's biggest business bank,…
Read More...