Corruption is deadly in many developing countries, and in the industrial world, too, it is still a common practice.
Over a dozen EU member countries have government schemes in place that allow wealthy foreigners to obtain residency permits in return for large investments. Rights groups say the programs pose risks of money laundering.
An EU Commissioner called it "the biggest scandal in Europe today." The Danske Bank-Russia money laundering affair is a shock for many in Denmark — for high-end UK realtors it's just a supply chain glitch.
A money laundering scandal involving Venezuela's state oil company PDVSA could turn into a problem for a Swiss bank. A German banker recently affiliated with the lender has been arrested in Miami.
Venezuela has announced it is halting commercial relations with Panamanian officials and firms. The move comes after Panama said Venezuelan President Nicolas Maduro was considered at "high risk" for laundering money.
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