14th November 2016
Justice department files 12-page criminal indictment against Sushovan Hussain, accusing him of deception in $11bn Hewlett-Packard takeover. Read More
14th November 2016
The fraud squad is expected to announce within weeks what its next steps for Tesco will be, as it wraps up its investigation into the black hole in the retailer's accounts. Read More
11th November 2016
A former senior BSI Bank vice president was jailed on Friday for 18 weeks by a Singapore court, for forgery and failure to disclose suspicious transactions as part of the investigations into the 1Malaysia Development Bhd (1MDB) money laundering scandal. Read More
11th November 2016
Amber Rudd concedes London has become safe haven for illicit money and UK should do more to stop estimated £90bn a year laundered via British capital. Read More
10th November 2016
Recent anti-money laundering enforcement actions against major U.S. financial institutions have placed boards of directors front and center in the management and oversight of their institutions’ Bank Secrecy Act and other anti-money laundering (“BSA/AML”) programs. Read More
10th November 2016
A trader who operated from his parents' home in London has pleaded guilty in the US to helping trigger a 2010 Wall Street "flash crash". Read More
7th November 2016
Two convicted Libor traders have launched fresh attacks against the head of the fraud squad for presenting "misleading" stories about their trials. Read More
3rd November 2016
The trial of a Zimbabwe Revenue Authority (ZIMRA) accountant accused of fraudulently transferring VAT refunds for different clients into his wife’s bank account, swindling ZIMRA of over $1,2 million, started yesterday. Tapuwa Chidemo (44) and his wife Tsitsi Kanyasa (42) pleaded not guilty to nine counts of fraud… Read More
3rd November 2016
Police announced on Thursday that they recently smashed a Tainan-based telecommunication fraud ring suspected of targeting people in China and another Taoyuan-based syndicate believed to provide money-laundering services to fraud rings. According to Tainan police, the fraud ring, led by a 29-year-old man surnamed Kuo, began operating in the southern… Read More
2nd November 2016
Two former board members of failed Wilmette-based Premier Bank have pleaded guilty and been sentenced for defrauding the federal government’s bank bailout program, as well as state banking regulators, Illinois Attorney General Lisa Madigan said Tuesday. Zulfikar Esmail, 73, pleaded guilty to one count of financial institution fraud of more… Read More