27th September 2016
The trial has started of six people accused of fraud and corruption involving a department of the Halifax Bank of Scotland (HBOS). David Mills, Michael Bancroft, Mark Dobson, Alison Mills, Jonathan Cohen and Tony Cartwright, have pleaded not guilty. Southwark Crown Court was told that the six were involved… Read More
23rd September 2016
The United States has moved against what it describes as a major international money laundering network which has operations based in Ireland. The PacNet group, a Canadian international payments processor, was allegedly clearing money based on scams targetting elderly and vulnerable victims involving fake lottery wins, sweepstakes and letters from psychics. Read More
23rd September 2016
LONDON: A judge at the Hammersmith Magistrates Court has ordered investigators at the Scotland Yard to serve evidence in the cash forfeiture case, linked to the Muttahida Qaumi Movement (MQM) money laundering case, by no later than October 5. The parties – MQM founder Altaf Hussain, Sarfaraz Merchant, Tariq Mir,… Read More
22nd September 2016
Brazilian police arrested former Finance Minister Guido Mantega on Thursday as part of a sweeping corruption investigation into political kickbacks on contracts at state-run oil company Petroleo Brasiliero, according to a source close to the former minister. In a statement, prosecutors said they were investigating a former minister who was… Read More
22nd September 2016
Prosecutors from Moldova’s National Anticorruption Centre (CNA) have detained 15 judges, CNA head Viorel Morari announced on September 21, adding that the operation is still in progress. One more judge was arrested later on September 21. The 16 judges are reportedly involved in the laundering of around $20bn siphoned off from… Read More
22nd September 2016
Anti-corruption watchdog Transparency International is urging the European Union to take the lead in efforts to expose those who represent, or profit, from businesses with secretive links to the world’s biggest tax havens. Transparency International’s call comes in the wake of Wednesday’s leaking of documents by the International… Read More
21st September 2016
Seven people and two officers, one an intelligence unit detective, detained for allegations of money laundering and fraud Read More
21st September 2016
Officials have said the corruption surrounding police issues is essentially a large part of the problem that inhibits their work, during a Parliamentary Institutions Committee meeting on Wednesday. Read More
21st September 2016
The law enforcement agencies of Latvia and Ukraine should cooperate more closely in making the decision on transferring EUR 50 million, recognized as illegal funds in Ukraine, to the budget of Latvia, the presidents of the two countries have stated at a bilateral meeting in New York. The press service… Read More
21st September 2016
Hong Kong securities regulator is investigating licensed brokerages and expects to lodge cases against some for inadequate internal anti-money laundering (AML) controls, it said on Wednesday, amid heightened scrutiny over illicit money flow in the city. The Securities and Futures Commission (SFC) directed brokerages to immediately tighten their internal controls… Read More