4th October 2017
By Mark DeCambre, Marketwatch Larry Fink, chief executive officer of BlackRock, on Tuesday said bitcoin and other cryptocurrencies may help to identify the extent of money laundering happening across the globe. The rapid ascent of cryptocurrencies “identifies how much money laundering there is being done in the world,” Fink said… Read More
27th September 2017
In a series of bombshell allegations of wire fraud, conspiracy and bribery, the US Justice Department has made plain the illicit flow of money from global corporations and would-be managers to talented teenagers. The investigation has led to charges against 10 individuals, including Adidas executive Jim Gatto, financial advisers,… Read More
26th September 2017
A drug dealer who sold illegal substances including the deadly synthetic opioid fentanyl to thousands of customers on the dark web has been jailed for more than 13 years. Ross Brennan, 28, was sentenced for conspiring with his friend Aarron Gledhill, 30, to import and sell powerful class-A drugs… Read More
26th September 2017
Pakistan’s ousted prime minister Nawaz Sharif on Monday returned to the country from the UK after nearly a month to face corruption and money laundering charges in the Panama Papers scandal. He was in London from 31 August to be with his ailing wife Kulsoom who is undergoing treatment… Read More
26th September 2017
Australia has returned around A$215,000 (126,114 pounds) to China in funds it has seized from money laundering cases as the two countries agreed on Tuesday to beef up efforts to crack down on financial crime. Australia has been working with China’s “Operation Fox Hunt” to snare suspected corrupt officials who… Read More
18th September 2017
The father of the Bell Pottinger executive at the centre of the South Africa scandal that brought down the City PR firm has resigned from his role as a board member of London-listed pest control and hygiene firm Rentokil Initial. Chris Geoghegan – the father of 34-year-old Victoria Geoghegan who… Read More
7th September 2017
Samsung Electronics Vice Chairman Jay Y. Lee has replaced his lawyer ahead of an appeal against the five-year jail term he was given for bribery and other charges, a spokesman for his law firm said on Thursday. Attorney Song Wu-cheol was replaced by Lee In-jae, a more senior representative attorney… Read More
5th September 2017
Bangladesh’s central bank will send a team of officials to the Philippines on Tuesday to push for the recovery of more of the $81 million stolen from its account at the New York Federal Reserve last year and routed through a bank in Manila. Bangladesh Bank has been able to… Read More
4th September 2017
Irish police have seized over €800,000 (£732,000), a car and documentation in an operation targeting organised crime. The money was discovered in a car stopped in Naas, County Kildare, by officers from the Drugs and Organised Crime Bureau on Friday night. Read More
1st September 2017
Wells Fargo has uncovered up to 1.4 million more fake accounts after digging deeper into the bank’s broken sales culture. The findings show that Wells Fargo’s problems are worse than the bank previously admitted to when the scandal began almost a year ago. Read More