19th June 2019
AP — Switzerland’s federal criminal court says it recused attorney general Michael Lauber from overseeing a sweeping criminal investigation of FIFA officials. The federal court says it upheld requests by two claimants it did not identify to remove Lauber from the case because of undeclared meetings with FIFA president… Read More
19th June 2019
A U.S. commodities regulator has filed a lawsuit accusing a defunct British cryptocurrency company and its former principal of fraudulently misappropriating at least 22,858,322 bitcoin worth $147 million from more than 1,000 customers. In a complaint filed on Monday, the U.S. Commodity Futures Trading Commission said Control-Finance Ltd and Benjamin… Read More
18th June 2019
The Danish headquarters of Nordea was searched last week by Denmark’s state prosecutor in relation to a money-laundering investigation into the bank, a Nordea spokesman told Reuters. The Danish prosecutor has been investigating the Nordic region’s biggest lender in relation to money laundering risks since June 2016. Nordea took a… Read More
18th June 2019
A long-running criminal probe into diamond sales by Italian banks has uncovered what prosecutors say is further evidence of corruption by officials at UniCredit, Italy’s largest lender, and smaller rival Banco BPM. The allegations, some previously unreported, are laid out in documents used by prosecutors when they sought a magistrate’s… Read More
18th June 2019
Swedbank said on Monday it had suspended the CEO and CFO of its Estonian business with immediate effect following an investigation into compliance with money-laundering rules at the bank. Sweden’s oldest bank has gone through a turbulent period since being linked to money laundering at Danske Bank, which has said… Read More
18th June 2019
Two individuals accused of playing prominent roles in the sprawling 1Malaysia Development Bhd. scandal have been convicted of financial crimes in Abu Dhabi, The Wall Street Journal reported Sunday. The Abu Dhabi Criminal Court sentenced Khadem al Qubaisi, a United Arab Emirates citizen who previously headed the International Petroleum Investment Company… Read More
17th June 2019
India detected at least 22 violations of auditing standards by Deloitte Haskins & Sells and a KPMG affiliate while investigating a fraud at a financial company, leading it to seek a five-year ban on the auditors, according to government legal filings seen by Reuters. The failures were detected as part… Read More
17th June 2019
Some Hong Kong tycoons have started moving personal wealth offshore as concern deepens over a local government plan to allow extraditions of suspects to face trial in China for the first time, according to financial advisers, bankers and lawyers familiar with such transactions. One tycoon, who considers himself potentially politically… Read More
17th June 2019
Sudan’s ex-president Omar al-Bashir was charged with corruption-related offences on Sunday, as he appeared in public for the first time since he was overthrown and detained in April. Looking much the same as prior to his removal by the military, he was driven to the prosecutor’s office in Khartoum. He… Read More
17th June 2019
Estonian police said they held three employees of local bank Tallinna Aripank for questioning this week for 48 hours as part of an investigation into suspected money laundering and bribery. Estonia’s bank system has been in the spotlight after Denmark’s largest lender, Danske Bank, said last year more than 200… Read More