It has been a decade since the European Union (EU) reviewed its rules for fighting money laundering. A vote on potential changes is coming up next week, on Feb. 13, and an American anti-crime group is urging the EU to crack down once and for all on offshore registries.
Henrique Pizzolato, former marketing director of Brazil’s state-owned bank, was arrested Wednesdayin Italy, where he fled to avoid arrest after being charged with corruption, embezzlement and money laundering.
Russia won the right to host the 2014 Winter Olympics, after the International Olympic Committee voted in 2007. According to an investigation by ABC-TV in the US, Russia was assisted by the criminal boss and heroin kingpin Gafur Rakhimov in beating out Austria and South Korea for the chance to serve as host.