3rd August 2016
A new federal government crackdown on money laundering in real estate deals has cast suspicion on over a quarter of the all-cash luxury home purchases transacted via shell companies in Manhattan and Miami, the Treasury Department revealed this past week. This discovery is prompting officials to expand the program to… Read More
3rd August 2016
Rome and Ankara traded barbs on Tuesday over an Italian investigation into accusations that Turkish President Tayyip Erdogan’s son Bilal laundered money. Erdogan told RAI television that the probe by prosecutors in the northern city of Bologna, where Bilal had been studying, might affect bilateral links. “If my son came… Read More
2nd August 2016
China’s funds regulator said on Monday it has canceled the licenses of over 10,000 funds, amid a crackdown on the country’s poorly regulated fund management sector, which has been dogged by runaway managers and misappropriation of investments. The move comes after the hedge fund industry was thrown into disarray earlier… Read More
2nd August 2016
Iraqi Prime Minister Haider al-Abadi on Tuesday said six lawmakers accused of corruption in the defense sector would not be allowed to travel abroad until a parliamentary committee had completed an investigation. Defence Minister Khaled al-Obeidi on Monday accused Parliament Speaker Salim al-Jabouri and five other MPs of lobbying for… Read More
2nd August 2016
A NSW corruption watchdog investigation into coal exploration licences only heard evidence that fitted with the theory former Labor MP Eddie Obeid was corrupt, a court has heard. Read More
2nd August 2016
Massaad fled the country as soon as questions arose concerning his business activities in 2012. Read More
2nd August 2016
HSBC bank hands over information on over $10 billion in accounts; state extends amnesty for voluntary reporting Read More
2nd August 2016
An Iranian cleric based in Kosovo was charged last week with financing terrorism and money laundering through an ostensible nongovernmental organization that worked to spread Tehran’s version of Shi’ite Islam across Europe, Radio Free Europe reported Monday. Hasan Azari Bejandi, who was charged July 26, ran five Shi’ite organizations operating… Read More
1st August 2016
Iraqi Prime Minister Haider al-Abadi ordered an investigation on Monday into allegations of corruption in weapons deals that risk re-igniting a political crisis ahead of planned military moves to retake Mosul from Islamic State. Infighting over anti-corruption measures, which stalled government activity for several months and sparked clashes between protesters… Read More
1st August 2016
President Peter Mutharika was forced to effect the dismissal of Ignacio Maulana from his position at the Malawi Defence Force (MDF) after the former army commander opposed a corruption deal involving cabinet ministers and top army officials, it has been claimed. Maulana was on Saturday redeployed to the National Food… Read More