11th December 2017
TelesurTV One of the world’s most wanted drug lords – Juan Carlos Mesa-Vajello, alias “Tom” – has been captured by police in Colombia at a party to celebrate his 50th birthday. The United States had offered a $2 million reward for the capture of Mesa-Vajello, who was wanted by Colombian… Read More
29th November 2017
KYC360 News Zimbabwe’s newly appointed leader has announced a three-month grace period for individuals and firms to repatriate stolen money and assets. During the window period, respondents will not be asked any questions or face charges, however those who do not co-operate will be prosecuted. The government is aware that… Read More
15th November 2017
BBC Thieves in the western Indian city of Mumbai robbed a government-owned bank after gaining access via a 25ft (8m) tunnel that they dug over four months. The police told the BBC that cash and jewellery were stolen but the value of the haul is yet to be determined. Authorities… Read More
14th November 2017
KYC360 News HSBC will pay 300 million euros ($353 million) to settle tax offences charges involving its private bank in Switzerland. The news comes after a lengthy investigation in which a French government investigation found HSBC clients concealed their assets from tax authorities in France. The… Read More
9th November 2017
9 November 2017 The U.S. Justice Department is exploring ways to prevent multiple law enforcement agencies from slapping companies with corporate penalties over the same underlying misconduct, a senior official said on Wednesday. “Repeated punishment for the same conduct has the potential to undermine the spirit of fair play… Read More
11th October 2017
10 October 2017 BBC The beleaguered credit reference agency Equifax has now admitted that 694,000 customers in the UK had their data stolen between May and July this year. The firm’s original estimate of its UK cyber-theft victims, made last month, was fewer, at nearly 400,000. Equifax now says that… Read More
4th October 2017
By Mark DeCambre, Marketwatch Larry Fink, chief executive officer of BlackRock, on Tuesday said bitcoin and other cryptocurrencies may help to identify the extent of money laundering happening across the globe. The rapid ascent of cryptocurrencies “identifies how much money laundering there is being done in the world,” Fink said… Read More
27th September 2017
In a series of bombshell allegations of wire fraud, conspiracy and bribery, the US Justice Department has made plain the illicit flow of money from global corporations and would-be managers to talented teenagers. The investigation has led to charges against 10 individuals, including Adidas executive Jim Gatto, financial advisers,… Read More
26th September 2017
A drug dealer who sold illegal substances including the deadly synthetic opioid fentanyl to thousands of customers on the dark web has been jailed for more than 13 years. Ross Brennan, 28, was sentenced for conspiring with his friend Aarron Gledhill, 30, to import and sell powerful class-A drugs… Read More
26th September 2017
Pakistan’s ousted prime minister Nawaz Sharif on Monday returned to the country from the UK after nearly a month to face corruption and money laundering charges in the Panama Papers scandal. He was in London from 31 August to be with his ailing wife Kulsoom who is undergoing treatment… Read More