A U.S. grand jury is investigating possible money laundering and other violations by Clearstream Banking SA and Iran’s central bank for the benefit of Iran, a federal prosecutor said in court papers filed in a New York suit involving victims of terrorist attacks.
A 36-story New York City office tower must be forfeited by its co-owner, Assa Corp., because the company acted as a front for Iran in violation of the U.S. embargo and federal money-laundering laws, a judge said.
Nigerian millionaires will increase in number by almost 47 percent over the next four years as higher house and stock prices in the West African nation complement a booming economy, according to New World Wealth.
Italian Finance Minister Vittorio Grilli, who has led a crackdown on tax evasion, bought his Rome apartment partly with funds from a Channel Islands account and then avoided sales tax on renovations by paying cash for about half the costs, Il Sole 24 Ore newspaper reported, citing documents it obtained.
H. Frederick Krimendahl II, a top troubleshooter for Goldman, Sachs & Co. in the 1970s and 1980s whose broad responsibilities included finding the home for the firm’s London office, has died. He was 85.