Laundering

Cypriot Lawyer Arrested on Charges of Fraud and Money Laundering Linked to Sale of Disputed Greek Cypriot Property

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NICOSIA, Cyprus — A Turkish Cypriot lawyer, Akan Kürşat, has been granted bail by a court in the Republic of Cyprus after pleading not guilty to charges of fraud and money laundering. The charges are related to the sale of disputed Greek Cypriot property to foreigners in northern Cyprus. The release of Kürşat on bail comes after his extradition from Italy, where he was arrested on New Year’s Eve. The lawyer is accused of providing legal counsel to Gary Robb, a British national who was convicted of fraud in 2011 and embezzlement in 2015 for … Read more

Biggest Pill Dealer Convicted for Drug Trafficking, Money Laundering, and Fatal Overdose

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CHAMBERSBURG, Pennsylvania – A man who proclaimed himself as the primary drug dealer in Chambersburg has been convicted in federal court for his involvement in a drug trafficking operation that resulted in a fatality. Bruce David Darby, 45, was found guilty of multiple charges including trafficking fentanyl, oxycodone, and cocaine, as well as money laundering. The U.S. Attorney’s Office for the Middle District of Pennsylvania stated that Darby was also convicted for delivering fentanyl-laced pills that led to the overdose death of a woman in 2019. Malik Bonds, 42, was also found guilty for his … Read more

Latin America and Caribbean Struggle with Money Laundering, Despite Strong Legal Frameworks: Report

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SÃO PAULO, Brazil – Latin American and Caribbean countries are facing challenges in effectively enforcing anti-money laundering measures, despite having higher adoption rates of legal frameworks compared to the global average, according to a recent report. The 2023 edition of the annual anti-money laundering index produced by the Basel Institute on Governance revealed that the region’s multibillion-dollar criminal economies have turned it into a hub for money laundering. Criminal groups use this region to convert their illicit proceeds into usable assets. Haiti and Venezuela were ranked as the worst performers in the region, with Haiti … Read more