December 01 - Swiss authorities on Monday said they have indicted a former official at Credit Suisse — now part of Swiss banking titan UBS — for alleged money laundering in a case involving state companies in Mozambique, and charged the bank with not doing enough to stop it. Credit Suisse, which was merged into UBS two years ago, is said to have provided loans totalling more than US$2 billion to three state-owned companies in the African country in 2013. Three years later, the deals became known as the “Mozambique Debt Scandal,” the Swiss attorney general’s office said, adding that it had opened a probe in 2020.

December 01 - A coordinated law enforcement operation carried out in Sweden and Spain between 28 and 29 November targeted a violent criminal network operating in the Stockholm area. The group is believed to run extensive illegal gambling operations and launder significant criminal proceeds, both for its own benefit and for other criminal actors. The network is also linked to drug trafficking in Sweden and across the Nordic region, reinforcing its presence in local and regional criminal markets.

November 28 - Canada’s financial intelligence unit has fined a Vancouver real estate brokerage nearly $150,000 for anti-money laundering violations. The penalties, which totalled $149,886, were issued to the numbered company 1135233 B.C. Ltd., also operating as LeHomes Realty Premier and whose parent company was previously investigated over claims of “shadow flipping.”

November 27 - Brazilian police launched Thursday a police operation to dismantle a major tax evasion and money-laundering scheme in the fuel sector. The group under investigation is the country’s largest tax debtor, owing more than 26 billion reais ($4.8 billion), authorities said. Local and state authorities are carrying out 126 search and seizure warrants targeting individuals and companies in five states. According to Brazil’s Federal Revenue, the organization used its own companies, investment funds and offshore entities to hide and shield profits. Officials did not name any individuals or companies targeted, but local media reported the operations under investigation involve Grupo Fit, a fuel refinery. Grupo Fit did not immediately respond to a request for comment from The Associated Press.

November 26 - A man from Esquimalt, B.C., is facing money laundering charges after an investigation by police uncovered an alleged illegal gaming house on Vancouver Island. The Combined Forces Special Enforcement Unit of B.C. says the probe began in January 2024, when investigators became aware of an operation in the Saanich area.