Officers from HM Revenue & Customs (HMRC) investigating suspected money laundering offences in excess of £200 million have arrested 15 people during early morning raids across the North West, Yorkshire and Nottinghamshire today. Around 250 investigators from HMRC, assisted by officers from a number of police forces, carried out over 20 property searches in Rochdale, Manchester, Bradford, Southport and Nottingham …
Heroin ring laundered drug money through luxury cars and real estate
CLEVELAND, Ohio — Jimmie Goodgame lived in a $800,000 house, controlled bank accounts with more than $1.5 million in deposits and had title to dozens of luxury cars, federal prosecutors said, but he didn’t have the income to justify his lifestyle. Goodgame, 41, who lives in a gated community of Solon, was among eight people indicted Thursday by a federal …
Second Credit Union regulatory forums begin
The second series of forums to discuss regulation in the Credit Union sector are to begin in Cork today. A number of meetings with credit unions will be held over the coming weeks across the country, where credit union officers who hold key governance positions will be given an opportunity to discuss regulatory policy, operations and the future shape and …
Swiss open money-laundering Russian tax probe
Swiss prosecutors have opened a criminal investigation into suspected money-laundering after a U.S. investor claimed that Russian tax officials used Swiss bank accounts to engage in fraud. The probe was launched March 7 after Switzerland’s Money Laundering Reporting Office received a complaint from a law firm on behalf of the London-based Hermitage Capital Management, the federal prosecutors’ office said Friday. …
Bin Laden death sparks new talk over Patriot Act
WASHINGTON—Freshman Republican Randy Hultgren had no problem voting against extending the Patriot Act in February. But the death of Osama bin Laden, just weeks before part of the terrorist-fighting law expires, raises new questions for the Illinois congressman. “It hasn’t changed my mind, not yet,” Hultgren said this week. “I want to see that we’re doing it in a careful …