Latest news with #OfficeoftheAttorneyGeneral
Yahoo
3 days ago
- Business
- Yahoo
Switzerland fines Pictet Bank for money laundering violations
Switzerland's Office of the Attorney General (AG) has imposed a fine on Pictet Bank for organisational shortcomings that facilitated money laundering. In a statement, the office said: 'Pictet Bank was sentenced to a fine of SFr2m ($2.4m) for failing to take all reasonable and necessary measures to prevent these acts from being committed.' This decision is part of the broader 'Lava Jato' corruption investigation centred in Brazil. The investigation revealed that from June 2010 to May 2013, over $4.1m from corrupt payments were transferred from a Brazilian public official's account at Pictet Bank. These funds were moved to conceal their criminal origin, the AG's office said. The former relationship manager at Pictet Bank was also found guilty of aggravated money laundering. A penalty order dated 17 June 2025 sentenced the former manager, who was head of the Brazilian market since January 2013, to a six-month suspended custodial sentence with a two-year probation period. The manager approved 54 transfers to accounts in Switzerland and abroad, the office said, adding that the funds were channelled through Swiss bank accounts held by offshore companies, one of which was at Pictet Bank. These transfers were intended to conceal the criminal origin of the assets. Organisational shortcomings at Pictet Bank enabled this money laundering, the office claimed. The statement went on to say: 'These shortcomings manifested themselves in the failure to classify as high risk the accounts held respectively by the Brazilian public official and the intermediary, as well as failures in the monitoring of the above-mentioned 54 transfers.' Both the former relationship manager and Pictet Bank have stated they will not appeal the penalty and partial abandonment of proceedings order. Based in Geneva, Pictet Bank is an independent group established in 1805. As an investment group, the company specialises in wealth management, asset management, and related services, without involvement in investment banking or commercial lending. In May, Pictet expanded its digital capabilities with the launch of a new financial technology hub in Lisbon. "Switzerland fines Pictet Bank for money laundering violations " was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Libya Review
4 days ago
- Libya Review
Libyan Drug Smuggler Sentenced to Life in Prison
A Tripoli appeals court has sentenced Abdulrahim Al-Fitouri Emsak, one of the region's most notorious drug traffickers, to life imprisonment, along with a fine of 50,000 Libyan dinars. The ruling also strips him permanently of his civil rights and legal capacity. The sentence was issued following Emsak's conviction for large-scale drug trafficking operations within Libya. The case, according to a statement released by the Office of the Attorney General on Sunday, began after Libya's Interpol office received extradition documents from its foreign counterpart. Libyan prosecutors launched a full investigation into Emsak's activities. Evidence presented during the inquiry revealed Emsak's involvement in an organised criminal network that coordinated and facilitated the trafficking of narcotics into and across Libya. After completing the investigation, the case was referred to the Tripoli Court of Appeal, which issued its final ruling in one of its recent sessions. Emsak had previously been convicted in absentia in 2024 and sentenced to 15 years in prison. However, he was later arrested by Libya's Special Deterrence Force for Combating Terrorism and Organised Crime on 24 May 2024, following a detailed tracking operation. The arrest marked a significant success for Libyan law enforcement. Authorities say Emsak had operated for years across multiple African countries, leveraging a broad network of influence that enabled him to carry out extensive smuggling operations. His capture and conviction are seen as a blow to transnational organised crime in North Africa and a key step towards restoring the rule of law in Libya. Tags: Drug TraffickinglibyaLife ImprisonmentTripoli Court
Libya Observer
6 days ago
- Libya Observer
Libyan court convicts 3 officials over cheque forgery and embezzlement
A Libyan court has convicted the manager of the Jumhouria Bank branch in Riqdalin Municipality, a financial services oversight employee, and a third official authorised to manage a current account at the same bank, for forging a bank cheque used to embezzle public funds. According to a statement from the Office of the Attorney General, the defendants were found guilty of falsifying a cheque, which was used to unlawfully obtain 1.5 million Libyan dinars allocated for the salaries of public sector employees. The Criminal Court of the Zawiya Court of Appeals sentenced the three to five years in prison. They were also ordered to repay the full amount and fined a total of 3,777,607 Libyan dinars. The Attorney General's office said the ruling comes as part of ongoing efforts to combat financial corruption and safeguard public funds. Crimes Tagged: Attorney General embezzlement Jumhouria Bank Riqdalin Municipality
Yahoo
05-06-2025
- Politics
- Yahoo
Washington attorney general goes before 9th Circuit Court of Appeals on birthright citizenship
Washington Attorney General Nick Brown was back in a Seattle courtroom Wednesday on birthright citizenship. Arguments were heard before a three-judge panel of the 9th Circuit Court of Appeals. At issue was a nationwide preliminary injunction issued in February blocking President Donald Trump's executive order, which sought to change birthright citizenship, enshrined in the 14th Amendment. The debate was whether to make the preliminary injunction permanent or overturn a lower court's ruling. The executive order would disqualify those born in this country to illegal immigrants from becoming birthright citizens. WA AG says Trump's executive order on birthright citizenship is unconstitutional In court, Washington's Office of the Attorney General argued the executive order is clearly unconstitutional and the preliminary injunction should be made permanent. 'We're talking about overturning the fundamental understanding of what it means to be an American in this country, and what it has meant since the 14th Amendment,' Brown said. Department of Justice lawyers argued birthright citizenship doesn't apply to undocumented immigrants' children born here, or those in the country on work or student visas. 'We're seeing some radical ideas take root at the highest level of government. And so it is more important than ever the attorneys general are standing united to fight against the unlawfulness of this president,' Brown said There is no word on when a decision will be handed down. The U.S. Supreme Court is poised to rule on procedural questions, and that could affect the timing. Follow James Lynch on X. Read more of his stories here. Submit news tips here.
Yahoo
28-05-2025
- Business
- Yahoo
Indiana Attorney General hosted office hours at public library
TERRE HAUTE, Ind. (WTWO/WAWV)—Representatives with the Office of the Attorney General came to the Vigo County Public Library Tuesday. Representatives were available to constituents to answer questions on topics like scams, robocalls, unclaimed property, and recalls. There were also copies of the Attorney General's publications, such as the Parents' Bill of Rights and the Gun Owners' Bill of Rights, available. The Indiana Attorney General is responsible for providing legal representation to the state as well as protecting consumers from illicit business practices, investigating, and prosecuting Medicaid fraud. The release from the Attorney General's Office claims that the Attorney General reunites Hoosiers with approximately $1,000,000 each week. The mobile office hours took place at the Vigo County Public Library's Main Branch on Tuesday from 3:30 p.m. to 5:30 p.m. For those who couldn't attend but wanted to speak with representatives can reach Indiana Attorney General Todd Rokita's office at 317-232-6201. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
