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Capital One has responded to a Trump Organization lawsuit over the closure of more than 300 accounts, saying the decision was based on anti-money laundering concerns after a thorough review. The bank is seeking dismissal of the case, denying allegations of political discrimination.
Italian financial police announced the seizure of over $232 million in assets linked to late Cosa Nostra boss Matteo Messina Denaro. The cross-border operation traced illicit funds through multiple countries and included luxury resorts, financial portfolios, and business holdings. Three people were arrested.
Andriy Yermak, former head of President Volodymyr Zelenskyy's office, has been formally charged by Ukrainian anti-corruption bodies with laundering about 460 million hryvnias ($10.5 million) through a luxury real estate project near Kyiv. The case, which also involves a former business partner of Zelenskyy, comes amid heightened Western scrutiny of corruption in Ukraine. Yermak denies the allegations, calling them baseless.
Andriy Yermak, former chief of staff to Ukrainian President Volodymyr Zelenskyy, appeared in court on money laundering charges linked to $10.5 million. Prosecutors allege the funds were channeled into a luxury villa project and may be tied to corruption at Energoatom. The case is part of the broader 'Midas' anti-corruption campaign.
Canada is creating a new Financial Crimes Agency to investigate and prosecute financial crimes, banning cryptocurrency ATMs, following a public inquiry that found the country lacks a comprehensive anti-money laundering strategy. The move contrasts with the US, where federal investigative agencies have been weakened and convicted money launderers have been pardoned.
