25th August 2016
The agency is likely to record her statement under provisions of Prevention of Money Laundering Act. Read More
25th August 2016
A Jackson insurance agent is the latest person indicted in a corruption case tied to the former head of the Mississippi prison system. Guy E. “Butch” Evans, 61, appeared briefly Wednesday in U.S. District Court in Jackson and pleaded not guilty to one count of bribery and one count of… Read More
25th August 2016
Moscow court has sentenced to prison the leader of the banned “Russians” nationalist movement on extremism and money laundering charges. The court on August 24 found Aleksandr Potkin, also known as Belov, guilty of creating an extremist group and laundering money stolen from Kazakhstan’s BTA bank and sentenced him to… Read More
24th August 2016
Nine of the deposit money banks in the country have been banned from further foreign exchange transactions for their refusal to remit outstanding $2.334 billion Nigerian National Petroleum Corporation (NNPC) funds in their coffers. The Central Bank of Nigeria (CBN), that wielded the big stick said it was forced to… Read More
24th August 2016
Providence Investments Funds and its manager Providence Investment Management International have been wound up by order of the Royal Court of Guernsey. The wind-up application was brought by the Guernsey Financial Services Commission (GFSC) after all of the directors of both companies resigned on 4 and 5 August, having informed… Read More
24th August 2016
The Securities and Futures Commission in Hong Kong has suspended the licence of an account executive of BOCOM International Securities for 18 months, for engaging in manipulative activities. The severe disciplinary action follows an investigation carried out by the Securities and Futures Commission (SFC) which found that between 5 and… Read More
24th August 2016
New Zealand police say they have reached a deal with a China-born businessman for him to pay a record NZ$42 million (S$41.5 million) fine to settle legal action following an investigation with China into money laundering. Mr William Yan, a New Zealand citizen, is accused of embezzlement and is on… Read More
23rd August 2016
The new case against Mallya and Kingfisher Airlines is based on a complaint filed by a State Bank of India-led (SBI-led) consortium with the Central Bureau of Investigation (CBI). Read More
23rd August 2016
A Dubai-based investment group is suing the Middle Eastern arm of Deloitte and Touche after the accounting firm failed to flag up money laundering at a now-defunct Lebanese bank. Lebanese Canadian Bank paid over $100 million, or £76 million, in 2011 to settle claims brought by US authorities that it… Read More
23rd August 2016
The Consumer Financial Protection Bureau said Monday it has ordered Wells Fargo to pay a $3.6 million civil penalty for illegal servicing practices involving student loans. Read More