10th May 2017
Controversial businessman William Yan has pleaded guilty to money laundering and will serve home detention. Mr Yan – also known as Bill Liu and Citizen Yan – pleaded guilty in March despite maintaining innocence when pursued by New Zealand and Chinese authorities over the past 16-years, the New Zealand Herald… Read More
9th May 2017
Renato Soru, the founder and president of Italian operator Tiscali, has been acquitted of tax evasion by a Cagliari court after appealing against a three-year sentence handed down a year ago. Read More
5th May 2017
A former executive of MoneyGram International Inc agreed to pay $250,000 and to be barred from a similar job for three years in settling a case that has been closely watched by the Wall Street compliance community as a test of a U.S. government push to punish individuals for institutional… Read More
3rd May 2017
A member of a Hong Kong crime syndicate – which laundered almost $30 million through various Sydney and Perth banks – has been jailed for 10 years. Ka Sing Lai, a 30-year-old Hong Kong national residing in Sydney, was one of nine people caught up in the web of a… Read More
27th April 2017
A former Haitian coup leader and recently elected senator in that country pleaded guilty Monday to a U.S. drug money-laundering charge under a deal that should allow him to avoid a potential sentence of life in prison for cocaine trafficking. Under the plea deal, the recommended prison sentence for Guy Philippe… Read More
25th April 2017
Two former executives of Magyar Telekom who were headed for trial this month against the SEC agreed instead Monday to pay penalties and accept officer-and-director bars to settle FCPA violations. Magyar Telekom’s former CEO Elek Straub will pay a $250,000 penalty. The chief strategy officer, Andras Balogh, will pay $150,000. Read More
28th March 2017
The Financial Conduct Authority (FCA) today announces that Tesco plc and Tesco Stores Limited (Tesco) have agreed that they committed market abuse in relation to a trading update published on 29 August 2014, which gave a false or misleading impression about the value of publicly traded Tesco shares and bonds. Read More
23rd March 2017
‘After years shrouded in darkness, they can now shine again,’ says Dutch education minister. Read More
24th February 2017
Rodrigo Rato found guilty of misuse of corporate credit cards issued by banks whose near collapse sparked EU bailout. Read More
23rd February 2017
Stefan Cassella of Asset Forfeiture Law, LLC comments on US v Rains, which evaluated the definition of ‘excessive’ forfeiture of property in relation to smuggling individuals into the country. Read More