Featured Enforcement

UAE Convicts Alleged 1MDB Co-Conspirators: Report

Two individuals accused of playing prominent roles in the sprawling 1Malaysia Development Bhd. scandal have been convicted of financial crimes in Abu Dhabi, The Wall Street Journal reported Sunday. The Abu Dhabi Criminal Court sentenced Khadem al Qubaisi, a United Arab Emirates citizen who previously headed the International Petroleum Investment Company… Read More

Aiding “organised crime”: India alleges 22 audit violations by Deloitte, KPMG arm in fraud case

India detected at least 22 violations of auditing standards by Deloitte Haskins & Sells and a KPMG affiliate while investigating a fraud at a financial company, leading it to seek a five-year ban on the auditors, according to government legal filings seen by Reuters. The failures were detected as part… Read More

Hong Kong tycoons start moving assets offshore as fears rise over new extradition law

Some Hong Kong tycoons have started moving personal wealth offshore as concern deepens over a local government plan to allow extraditions of suspects to face trial in China for the first time, according to financial advisers, bankers and lawyers familiar with such transactions. One tycoon, who considers himself potentially politically… Read More
17th June 2019
Sudan’s ex-president Omar al-Bashir was charged with corruption-related offences on Sunday, as he appeared in public for the first time since he was overthrown and detained in April. Looking much the same as prior to his removal by the military, he was driven to the prosecutor’s office in Khartoum. He… Read More
17th June 2019
Estonian police said they held three employees of local bank Tallinna Aripank for questioning this week for 48 hours as part of an investigation into suspected money laundering and bribery. Estonia’s bank system has been in the spotlight after Denmark’s largest lender, Danske Bank, said last year more than 200… Read More
17th June 2019
AP — Pakistan’s anti-graft body has arrested the sister of former president Asif Ali Zardari in connection with a multi-million-dollar money laundering case following rejection of her bail by a court. Faryal Talpur, also a politician, was taken into custody Thursday by the National Accountability Bureau in Islamabad. The latest… Read More
17th June 2019
The mayor of Nueva Concepcion, a town on the Pacific coast of Guatemala, stands accused by prosecutors of drug trafficking and money laundering for Mexican cartels that use the coastal route to transport cocaine to the United States. Yet Otoniel Lima, who rides around his poor municipality of 130,000 people… Read More
17th June 2019
Europe’s Baltic states are at risk from further Russian money laundering, a top European police official said after several big banks were hit by scandals centred on the region. Pedro Felicio, who is responsible for fighting money laundering at European police agency Europol, told Reuters that “huge inflows of criminal… Read More
17th June 2019
The government of Canada has agreed to take new steps to fight money laundering, including launching a consultation on corporate transparency requirements and allocating more funding for law enforcement. The measures, announced in Vancouver on Thursday, will direct an additional $10 million CAD for the Royal Canadian Mounted Police… Read More
14th June 2019
Two online gaming companies will pay a combined £2.8 million for anti-money laundering (AML) compliance lapses related to client bets made with ill-gotten gains, the UK Gambling Commission said. The fines against Osaka-based Platinum Gaming Ltd and London-based Gamesys Ltd follow a combined £4.5 million in monetary outlays ordered… Read More
14th June 2019
Senior politicians have lambasted Britain’s financial watchdog for failing to take action against RBS or its former executives for past mistreatment of small business customers. The Financial Conduct Authority (FCA) said it was sticking by its decision not to apply penalties for actions of RBS’s former turnaround unit, the Global… Read More
14th June 2019
Algeria’s supreme court on Thursday remanded ex-prime minister Abdelmalek Sellal in custody over graft allegations, state TV said, in a crackdown on alleged corruption and cronyism among associates of former president Abdelaziz Bouteflika. The court later ordered the detention of former trade minister Amara Benyounes over his alleged involvement in… Read More
14th June 2019
Members of a drug trafficking group that laundered their illicit proceeds in banks throughout England are facing prison sentences following convictions announced Wednesday by the UK National Crime Agency (NCA). The group made millions of pounds selling heroin, cocaine and ketamine across the country and laundered the cash through… Read More