26th September 2017
Australia has returned around A$215,000 (126,114 pounds) to China in funds it has seized from money laundering cases as the two countries agreed on Tuesday to beef up efforts to crack down on financial crime. Australia has been working with China’s “Operation Fox Hunt” to snare suspected corrupt officials who… Read More
18th September 2017
The father of the Bell Pottinger executive at the centre of the South Africa scandal that brought down the City PR firm has resigned from his role as a board member of London-listed pest control and hygiene firm Rentokil Initial. Chris Geoghegan – the father of 34-year-old Victoria Geoghegan who… Read More
7th September 2017
Samsung Electronics Vice Chairman Jay Y. Lee has replaced his lawyer ahead of an appeal against the five-year jail term he was given for bribery and other charges, a spokesman for his law firm said on Thursday. Attorney Song Wu-cheol was replaced by Lee In-jae, a more senior representative attorney… Read More
5th September 2017
Bangladesh’s central bank will send a team of officials to the Philippines on Tuesday to push for the recovery of more of the $81 million stolen from its account at the New York Federal Reserve last year and routed through a bank in Manila. Bangladesh Bank has been able to… Read More
4th September 2017
Irish police have seized over €800,000 (£732,000), a car and documentation in an operation targeting organised crime. The money was discovered in a car stopped in Naas, County Kildare, by officers from the Drugs and Organised Crime Bureau on Friday night. Read More
1st September 2017
Wells Fargo has uncovered up to 1.4 million more fake accounts after digging deeper into the bank’s broken sales culture. The findings show that Wells Fargo’s problems are worse than the bank previously admitted to when the scandal began almost a year ago. Read More
31st August 2017
A Miami man who has spent time in federal prison for cocaine trafficking is facing money laundering charges after police say they found more than $500,000 in cash in his car during a traffic stop. Mauricio Antonio Vargas, 44, was pulled over Thursday after officers saw him run a red… Read More
31st August 2017
The alleged mastermind behind a series of cyber attacks on Lloyds and Barclays banks that disrupted up to 20 million accounts has been extradited from Germany to face charges in the UK. The British man, Daniel Kaye, 29, is accused of attempting to blackmail the banks after using an infected… Read More
28th August 2017
Lawyers for the heir to the Samsung empire ,Jay Y Lee, have filed an appeal against his five-year prison sentence, after he was convicted of charges including bribery, embezzlement and perjury. Lee, 49, can be kept in detention for a maximum of four months while the court considers his appeal. Read More
24th August 2017
Criminal money laundering charges can move ahead against the team behind Backpage.com, the website state prosecutors allege is a worldwide portal for the illicit online sex trade. But in a partial victory for the website’s executives, a Sacramento Superior Court judge on Wednesday threw out 13 pimping charges also pressed… Read More