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Former US bank adviser admits to embezzling €5.1M ($5.8M) to buy lavish gifts and repay stolen funds

Premium January 26, 2022
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NEWS: Thales, Europe’s largest defence technology company, faces bribery probe from UK’s SFO

BREAKING: UK sanctions trio of wealthy oligarchs in new campaign against dirty money

INSIGHT: Corporate secrecy ‘scourge’ in fight against fincrime, time for fully public BO registers, says Financial Times

By Alisha Houlihan for AMLi

A former financial advisor for UBS Financial Services has been busted for stealing $5.8M (€5.1M) from clients.

Federal prosecutors and the Securities and Exchange Commission charged German Nino with moving millions out of his clients’ accounts by forging their signatures, fabricating bank statements, and turning off notifications for transactions. 

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Premium

NEWS: Thales, Europe’s largest defence technology company, faces bribery probe from UK’s SFO

BREAKING: UK sanctions trio of wealthy oligarchs in new campaign against dirty money

INSIGHT: Corporate secrecy ‘scourge’ in fight against fincrime, time for fully public BO registers, says Financial Times

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