1st August 2016
Portugal's FC Porto have found themselves caught up in an investigation for tax fraud and money laundering. Read More
1st August 2016
A top Chinese military officer who played a lead role in organising a massive parade to mark the 70th anniversary of the end of the World War II last year, is facing a corruption probe, the latest in a string of graft investigations launched as part of President Xi Jinping’s… Read More
1st August 2016
The crackdown on the Gülenist Terror Organization’s (FETÖ) financial affiliates continues after the organization’s attempted coup of July 15, with many FETÖ-linked barons being detained and companies being seized. A consortium of finance, internal affairs and justice ministries is blocking the accounts of more than 4,000 FETÖ-affiliated companies and confiscating… Read More
1st August 2016
Brazilian judge has accepted charges against former President Luiz Inacio Lula da Silva for allegedly obstructing a corruption investigation involving state-run oil giant Petrobras, clearing the way for one of the country’s best-known political figures to stand trial. The decision published on Friday names Silva and five others as co-conspirators… Read More
1st August 2016
Bangladesh plans to ask legislators in Manila to revive a probe into the disappearance of US$81 million of the South Asian nation’s reserves via the Philippine banking system and at least two local casinos. Two officials from the Bangladesh central bank will meet with Senate President Koko Pimentel later Monday… Read More
1st August 2016
A Nigerian behind an online fraud network which engineered scams worth more than $60 million (€54 million) has been arrested in southern oil city of Port Harcourt, Interpol said on Monday. Read More
1st August 2016
The Financial Conduct Authority has denied it used an internal intelligence database to prevent a whistleblower from working in the sector. The regulator admitted the database exists, and that it is consulted when an employer applies to the watchdog to gain approved status for a future employee. Individuals on the… Read More
1st August 2016
According to a statement by the ED, Sharma “appeared to have indulged in money laundering” and he was arrested around 12.30 am. Read More
1st August 2016
Singapore’s central bank on Monday formally launched a unit to fight money laundering, strengthening the financial hub’s safeguards against illicit fund flows. Officials of the MAS have said plans to create the special unit predated a continuing scandal involving state fund 1MDB in neighbouring Malaysia and banks operating in… Read More
1st August 2016
A money-laundering probe against IPL founder Lalit Modi has been stuck for a year as the Enforcement Directorate (ED) sought wrong information from Singapore, sources have said. In a letter rogatory (LR) to Singapore, ED wanted information that only Mauritius could have provided, said sources in the agency that tracks… Read More