06.22.18

Senators Vote To Block Marijuana Banking Amendment

A powerful U.S. Senate panel has moved to block an amendment to let marijuana businesses store their profits in banks.



06.22.18

What to Watch in the Fed's Stress Tests

Stress-test season kicks off with the first round of results on Thursday. The Federal Reserve is reviewing the health of the nation's largest banks and their ability to withstand crisis-like situations, such as spiking unemployment rates or other adverse economic conditions.



06.22.18

Panama Papers: Mossack Fonseca was unable to identify company owners

A new leak of documents from the offshore service provider at the centre of the Panama Papers scandal reveals the company could not identify the owners of up to three quarters of companies it administered.



06.22.18

Cryptocurrency Exchanges Meeting with Europol to Combat Crime

Europol, the law enforcement agency for the EU, is meeting with 16 cryptocurrency exchanges and businesses to discuss ways to combat using virtual currencies for illicit uses.



06.22.18

The Small Club of Bank Executives Charged With Crisis-Era Crimes Just Got Bigger

In a Dublin courtroom earlier this month, David Drumm, the former C.E.O. of Anglo Irish Bank, joined an exclusive club.



06.21.18

Georgetown, Conway residents indicted for health care fraud conspiracy

A federal grand jury returned a 38-count superseding indictment Tuesday charging three people with health care fraud conspiracy, among other charges, according to a press release from the office of U.S. Department of Justice.



06.21.18

How a Fee Inquiry Led to Hints of Public Corruption That Have Labaton Fighting

What began as a judge's inquiry into a $75 million attorney fee has morphed into hints of public corruption, with one of the top securities plaintiffs firms in the nation on the defensive.



06.21.18

No third trial for former state Auditor Troy Kelley, who faces sentencing on theft charges

A federal judge has refused to grant former Washington State Auditor Troy Kelley a third trial on charges that he stole millions, a few hundred dollars at a time, from clients of his now-shuttered real estate closing-fee company.



06.21.18

Malaysia says it is building strong corruption case against former leader Najib Razak

Malaysia's new prime minister has claimed investigators have an "almost perfect case" against former leader Najib Razak, who will face charges of bribery, theft of government funds and embezzlement for his role in the 1MDB scandal.



06.21.18

Under the looking glass: why internal investigations matter

Business crime will be committed to any type of company or organisation if it is allowed to happen. A perpetrator is more than likely to commit another, similar offence if the original one was not investigated.



06.20.18

Buyers tied to Russia, former Soviet republics paid $109 million cash for Trump properties

Aleksandr Burman, a Ukrainian who engaged in a health care scheme that cost the federal government $26 million and was sentenced to a decade in prison, paid $725,000 cash for a condo at a Trump Tower I in Sunny Isles Beach, Fla. in 2009.



06.20.18

Regulating cryptocurrencies: virtually inevitable?

Sitting on the fence appears to be the policy of many countries when it comes to regulating the $700bn cryptocurrrency industry.



06.20.18

How the UK helps us seize looted assets-FG

The Federal Government has given an insight into how it gets the assistance of the United Kingdom to seize properties and other assets linked to funds allegedly stolen from the Nigerian treasury.



06.20.18

Armenia's revolutionary government steps up anti-corruption purge

Armenia's authorities have accelerated their campaign against officials in the former government with a series of anti-corruption arrests, heightening the battle between the new regime and the former elite.



06.20.18

New Panama Law Small Stride Towards Shrugging Dirty Money Stigma

Panama is seeking to clean up its image as a financial crimes haven by passing new regulations but the process has been tarnished by its failure to address certain policy holes and criminal proceedings against a former president.



06.19.18

Regulatory Relief on the Horizon for U.S. Compliance Officers?

At the heart of regulatory compliance in the United States is the Office of the Comptroller of the Currency's Bank Secrecy Act (BSA), which has required FI's to establish potent anti-money laundering (AML) programs while setting strict recordkeeping and reporting requirements for national banks, federal savings associations, federal branches, as well agencies of foreign banks in order to detect and prevent various forms of financial crime.



06.19.18

The World's Largest Tax Haven? Guess Who

By now we (should) all know that global trade wars, as well as imperial wars, can be costly.



06.19.18

Corruption Trial Begins in Buffalo Billion Case

A former president of the State University of New York's Polytechnic Institute was alternately portrayed as a hero or a scoundrel at the opening of a corruption trial Monday over upstate construction projects worth hundreds of millions of dollars.



06.19.18

Carlos Uresti Resigns From Texas Senate

The San Antonio lawmaker's resignation comes four months after his conviction on multiple counts of fraud and money laundering.



06.19.18

Korean firm tied to Trump lawyer got U.S. contract despite corruption probe

A South Korean aviation firm that hired President Trump's personal lawyer Michael Cohen failed last year to disclose that it was the subject of a corruption investigation as it won work from the U.S. military, records show.



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