22nd June 2020
Vital Kamerhe, the chief of staff of Democratic Republic of Congo President Felix Tshisekedi, was sentenced to 20 years forced labor and faces millions of dollars in fines after a court convicted him of embezzlement and corruption. Kamerhe was convicted of participating in the theft of more than $50 million… Read More
19th June 2020
The Syrian first lady, Asma al-Assad, has been named in the first round of new US sanctions that are certain to intensify pressure on the embattled regime and its backers as the country’s crippled economy continues to wither. The law, known as the Caesar Act, came into effect on Wednesday,… Read More
19th June 2020
Financial crimes watchdog AUSTRAC has two months to add any new allegations to its blockbuster case against Westpac, as it investigates suspicious transactions from 272 customers who may have been involved in paedophilia. Federal Court Justice Jonathan Beach ordered the deadline on Wednesday ahead of a potential trial early next… Read More
19th June 2020
China threatened retaliation after U.S. President Donald Trump signed legislation on Wednesday calling for sanctions over the repression of China’s Uighurs, as excerpts from a book by his former national security adviser alleged he had approved of their mass detention. The bill, which Congress passed with only one “no” vote,… Read More
19th June 2020
The Drug Enforcement Administration laundered tens of millions of dollars in the course of drug trafficking investigations over the past decade without complying with laws governing such operations, according to a newly released review from the Justice Department’s in-house watchdog. Justice’s Inspector General Michael Horowitz found that the DEA failed… Read More
19th June 2020
A former governor of the Mexican state of Coahuila has pleaded guilty to charges that he laundered money to conceal bribes paid to him in return for road-building contracts, the U.S. Department of Justice said on Wednesday. Jorge Torres, who served as interim governor of the northern border state… Read More
19th June 2020
While the anti-terrorism bill is seen by its supporters to give more teeth to policies countering terrorist financing, Sen. Panfilo Lacson said the measure would still provide for “humane” considerations in terms of freezing assets by allowing partial withdrawal of money for humanitarian needs. In an online media forum on… Read More
18th June 2020
A number of people have been arrested by police investigating one of South Africa’s most notorious corruption scandals, the looting and collapse of VBS Mutual Bank. VBS, which held the savings of many disadvantaged people and local municipalities, collapsed with more than £100m in debts in 2018. Much of the… Read More
18th June 2020
ClubsNSW has filed its defence against former employee turned whistleblower Troy Stolz, further signalling a potentially lengthy and expensive legal fight. Mr Stolz, who worked as an anti-money laundering compliance auditor for ClubsNSW, revealed the “alarming” scale of money laundering in pokies rooms at local clubs and pubs earlier… Read More
17th June 2020
The odds of Westpac settling the damaging AUSTRAC case for more than a billion dollars have shortened after the financial crime regulator showed it was willing to stick with the same strategy it used successfully just two years ago to extract a big penalty from Commonwealth Bank. As the two… Read More