20th January 2021
The latest KPMG Fraud Barometer reveals one case of alleged fraud, valued at more than £100,000, in the past 12 months. In comparison, Scottish fraud cases in 2019 were valued at more than £15.6 million. The country’s only high-profile fraud case involved a Crown Office worker who was in charge… Read More
20th January 2021
The United States is no longer seeking the surrender of a Dublin computer hacker for the theft of over $2 million in bitcoin and other cryptocurrencies after his conviction here, the High Court was told. Conor Freeman is no longer facing a maximum possible sentence of… Read More
19th January 2021
By Robert Mazur What took the Drug Enforcement Administration’s Special Operations Division years to build was destroyed with a wink and a nod from Mexican prosecutors and politicians. They conducted an “intense review” of the evidence U.S. prosecutors had gathered that strongly implicated Gen. Salvador Cienfuegos Zepeda, Mexico’s minister of… Read More
19th January 2021
The European Union has set out plans to strengthen the international role of the euro, as its seeks to erode the dominance on the U.S. dollar and lessen the bloc’s vulnerability to financial risks, including U.S. sanctions. The plan includes measures to help protect against currency shocks, and allow greater… Read More
19th January 2021
Allegations of widespread political corruption, misuse of taxpayer’s money and a climate of fear in the British Virgin Islands have led its governor to take the extraordinary step of establishing an independent judge-led inquiry into the claims. Gus Jaspert, the British-appointed BVI governor, with the personal backing of the… Read More
19th January 2021
HSBC is facing growing pressure over its stance on Hong Kong after a pro-democracy activist clashed with its chief executive about its decision to freeze his bank accounts. Ted Hui, a former Hong Kong legislative councillor who fled to Britain, revealed that Noel Quinn, HSBC’s chief executive, had written… Read More
19th January 2021
The company that bought the ammonium nitrate which exploded in Beirut last August had possible links to two Syrian businessmen under U.S. sanctions for ties to President Bashar al-Assad, according to a report by a Lebanese journalist and London company filings. Savaro Ltd, the trading firm which procured the chemicals… Read More
19th January 2021
Danish prosecutors who charged hedge-fund manager Sanjay Shah with running a $1.6 billion tax fraud say they’re looking at a “number of other suspects” in the case. Prosecutors said they’ll be in a position by March to decide whether to press charges against more members of a network that they… Read More
19th January 2021
Gambling firms have been accused of concocting a “dodgy dossier” to exaggerate the scale of black market betting, in an attempt to influence an upcoming government review expected to result in tougher regulation. Gambling industry figures recently seized on a report claiming that 200,000 people in the UK spend £1.4bn… Read More
19th January 2021
The Senate has approved on third and final reading a bill seeking to strengthen the Anti-Money Laundering Act (AMLA). Senate Bill No. 1945 garnered 21 affirmative votes and no negative votes during Monday’s session. “There are cracks in our financial institutions that some people have used to their advantage. With… Read More