9th October 2020
The boss of the Serious Fraud Office today called for new laws making it easy to obtain convictions against companies in the wake of the Barclays Qatar case’s collapse. After a nine year investigation and two jury trials, Barclays’ executives were cleared of lying to the financial markets about fees… Read More
9th October 2020
With the help of United Overseas Bank (UOB), the police’s Anti-Scam Centre recently recovered more than US$4.91 million (S$6.7 million) stolen from an alleged business email scam — the largest sum recovered since the centre was set up last year. The police said in a media briefing on Thursday (Oct… Read More
9th October 2020
The state cannot trace Ksh5 billion that had been deposited in Mathira MP Rigathi Gachagua’s bank accounts, suspected to be proceeds of money laundering and graft. The MP received Ksh12.5 billion through three accounts in Rafiki Micro Finance Bank, in seven years, and the Asset Recovery Agency (ARA) was able… Read More
8th October 2020
Under lengthy questioning James Packer has admitted he has “long been on clear notice of the links” between organisers of gambling junkets at Crown Resorts’ casinos and organised crime, but that he personally did nothing to set risk guidelines for the high-roller operation while executive chairman of the company. Read More
8th October 2020
President Jair Bolsonaro said he’s put an end to the country’s long-running Carwash probe, which has sent hundreds of Brazil’s political and business power brokers to jail, because corruption is no longer an issue in his government. The far-right president, elected in 2018 on a law-and-order platform, said he… Read More
8th October 2020
AP – The headquarters of the German soccer federation and the private homes of some of its members were searched early Wednesday as part of an investigation into tax evasion. The Frankfurt public prosecutor said about 200 officers were involved in the raids in the German states of Bavaria,… Read More
8th October 2020
A woman who tried to fly from London’s Heathrow Airport with five suitcases stuffed full of bank notes worth 1.9 million pounds ($2.44 million) has been charged with money laundering, UK Border Force said on Wednesday. Tara Hanlon, 30, from Leeds in northern England, was attempting to board a flight… Read More
8th October 2020
Kazakh opposition leader Mukhtar Ablyazov has been charged in Paris with embezzling $7.5 billion in a case brought by Kazakhstan, according to one of his lawyers. Gerard Cholakian said Ablyazov, who was recently granted political asylum in France, was charged with “aggravated abuse of trust” and “money laundering” before he… Read More
8th October 2020
The Spanish Prosecution office says it is investigating Arbistar for allegedly running a bitcoin trading scam with preliminary findings suggesting $1 billion in investors’ funds cannot be accounted for. The disappearance of investor funds has affected 32,000 families that are failing to access their savings that are invested with Arbistar,… Read More
7th October 2020
Around £10m of property has been surrendered in a major victory against some of northern England’s most dangerous criminals. The apartments and homes were given up to the National Crime Agency by a Leeds businessman who investigators suspect of being a major money-launderer. The NCA says Mansoor Mahmood Hussain acted… Read More