08.17.18

US trial sheds light on murky Cyprus-Russia links

As the first trial arising from special counsel Robert Mueller's investigation into possible Russian interference during the US presidential election draws to a close, now is a good time to reflect on what has come to light so far.



08.17.18

Bitcoin scandal spreads to banks, stock exchange

A "whale" investor in the Stock Exchange of Thailand (SET) and staff at up to three Thai banks are suspected of being complicit in a 797 million baht (US$24 million) scandal involving a foreign investor.



08.17.18

4 Ways to Enhance Your Organization's Compliance Training

Creating effective and engaging compliance training can be difficult, especially when the topics are complex and not everyone is a compliance expert.



08.17.18

Pakistan asked to make terror financing, money laundering extraditable offences

The Asia Pacific Group (APG) on Money Laundering on Wednesday urged Pakistan to enact appropriate laws, enabling local officials to act upon requests of foreign countries to freeze illegal assets and making terrorism financing and money laundering extraditable offences.



08.17.18

Agency assesses $564m of suspicious activity

Information received: there were almost 500 suspicious activity report filings to the Financial Intelligence Agency in 2016-17, the second highest number since the agency was formed in 2008.



08.16.18

Spain's royal family rocked by SCANDAL after former king accused of money laundering

SPAIN'S Royal Family has been rocked by another scandal after former Spanish King Juan Carlos was accused of money laundering by his ex-mistress.



08.16.18

Hong Kong targets fugitive tycoon accused of laundering billions

Hong Kong police have frozen the bank accounts of runaway Chinese tycoon Guo Wengui as part of a HK$32.9 billion (US$4.2 billion) money laundering investigation that also involves his son and daughter, a court writ revealed.



08.16.18

US Government Investigating Maduro and Stepsons for Money Laundering in Malta

Maduro and his family used lucrative access to currency exchange to amass an illicit fortune, and then laundered the proceeds in Malta.



08.16.18

Zanzibar is taking steps to clean up its reputation as a haven for money launderers

The new law requires people intending to move 10,000 U.S. dollars or its equivalent in cash out of Zanzibar to declare their intentions to the TRA.



08.16.18

Maple Valley man sentenced to prison for money laundering

Raymond Uadiale pled guilty in connection with the spread of a ransomware referred to as "Reveton."



08.15.18

Ex Canadian Federal Employee Allegedly Associated with Money-Laundering Schemes through Macau-Based VIP Gambling Rooms

A former Canadian ambassador was associated with an investment made in a VIP room in a Macau casino leased from the Hong Kong business magnate Stanley Ho.



08.15.18

Rules for responsible conduct abroad

Challenges facing Pakistan on the banking sector front are full and formidable.



08.15.18

Panama Papers and solicitor-client privilege

With the recent release of another 1.2 million files in data from a further "Panama Papers" leak, there are renewed questions being asked internationally around the complicity and facilitation of money laundering by lawyers.



08.15.18

Chinese authorities crack down on tax dodges, illegal capital remittances by celebrities

The Chinese authorities have begun a coordinated crackdown on tax evasion and offshore currency transfers by some of the country's highest-paid celebrities, in a move to tamp public anger over a yawning income gap.



08.15.18

Largo man sentenced for money laundering and extortion

A Largo man has been sentenced to 10 years and 10 months in federal prison, according to the Department of Justice.



08.14.18

Identitii launches 11m blockchain IPO - but are we still sweet on crypto?

Fintech Identitii has launched the first ASX blockchain IPO in two years, aiming to raise $11 million ahead of a September listing.



08.14.18

Caution ahead, trade-based money laundering a massive global problem

THE Sinaloa drug cartel was once the largest and most powerful in the world. The Mexican organised crime body at one point controlled so much of the illicit drug trade across Mexico and the United States that taking them down is a process that began in the 1980's.



08.14.18

I have lost many friends for fighting graft, reveals Uhuru

President Uhuru Kenyatta says he is ready to lose friends promising to sustain the war on corruption which has in recent weeks seen high-profile Kenyans arrested and charged.



08.14.18

Iran Arrests 67 People amid Approval for Special Corruption Courts

The Iranian judiciary said Sunday that the authorities have arrested 67 people in a drive against financial crime, as special courts were being set up to try suspects quickly upon the orders of Supreme Leader Ali Khamenei.



08.14.18

Royal Family In Trouble: Spanish Monarchy Mired In New Scandal

The Spanish Royal Family has been plagued by scandals and divisions since long before the 2014 abdication of its once-patriarch and very popular King Juan Carlos - now facing serious accusations of money laundering - to his son, King Felipe VI.



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