1st September 2016
One of Sri Lanka's most controversial politicians has been charged with corruption involving the illegal transfer of state-owned weapons. Read More
1st September 2016
he Department of Justice (DOJ) has already wrapped up its preliminary investigation on the money laundering charges on the $81 million stolen by hackers from Bangladesh Bank in New York and funneled through bank accounts in Manila. Assistant State Prosecutor Gilmarie Fe Pacamara has concluded the preliminary investigation on the… Read More
1st September 2016
THE Singapore Court has sentenced two senior executives to prison for money laundering offences surrounding a community college project in Papua New Guinea. American citizen Thomas Philip Doehrman, 68, director of Quest Petroleum (Singapore), was sentenced to 70 months of jail time. Singaporean national Lim Ai Wah, Doehrman’s spouse and… Read More
1st September 2016
The former operator of the Normandie Club in Gardena has been ordered to pay a $1 million criminal fine and to forfeit nearly $1.4 million after pleading guilty to violating the Bank Secrecy Act by failing to report large cash transactions to federal authorities. During a federal court hearing yesterday,… Read More
1st September 2016
Sebi had on April 4 given brokerages 60 days' time to have their books vetted Read More
31st August 2016
The National Bank of Ukraine (NBU) has decided to revoke the banking license and liquidate PJSC KSG Bank (Kyiv) for regular violations in the fight and prevention of legalization of proceeds received from crime (money laundering), in particular for risk activities in the sphere of financial monitoring, according to the… Read More
31st August 2016
British accountant PwC has been ordered to pay more than 3 million pounds, and one of its partners has been fined 75,600 pounds, over a 2007 audit that failed to spot a deep hole in the books of defunct subprime lender Cattles. The Financial Reporting Council (FRC) watchdog on Wednesday… Read More
31st August 2016
The Securities and Futures Commission (SFC) has fined BNP Paribas Wealth Management HK$4m (£393,000, $515,664, €461,793) for overcharging its clients. Read More
31st August 2016
Taiwan’s Mega Financial Holding Co said its chairman has resigned, seeking to quash speculation that he could influence a domestic probe into its banking unit after it was found to have violated U.S. anti-money laundering regulations. Chairman Shiu Kuang-si, who was Mega Financial’s president for eight years until 2014, is… Read More
31st August 2016
The chief financial officer and an executive manager in the Northern Cape department of economic development are being accused of running an elaborate corruption and money laundering scheme. This they did by allegedly setting up companies with front directors in order to get millions of rands in grants from the… Read More