7th January 2021
The City regulator is under pressure to subject Lloyds Banking Group and its top executives to an investigation under the senior managers regime after complaints were filed by MPs and whistleblowers over the bank’s handling of the HBOS Reading scandal. The Financial Conduct Authority has received three formal requests… Read More
7th January 2021
Justice Department alleges a worldwide money laundering conspiracy of roughly $1bn to circumvent sanctions on Tehran. The US government collected $7m in Iranian assets for victims of state-sponsored “terrorism”, the Justice Department said on Tuesday. The money was the US share of a civil forfeiture that targeted attempts to violate… Read More
5th January 2021
AP – Israeli prosecutors on Sunday released an amended indictment spelling out detailed charges against Prime Minister Benjamin Netanyahu in a corruption case in which he is accused of trading favors with a powerful media mogul. Netanyahu has been charged with fraud, breach of trust and accepting bribes in… Read More
5th January 2021
A Chinese court ruled that a local ratings firm should help compensate some creditors for a construction firm’s 1.4 billion yuan ($216 million) bond defaults three years ago, a first in the country as Beijing raises pressure on agencies to improve their due diligence. Dagong Global… Read More
4th January 2021
The Vatican is scrambling to justify mysterious international money transfers worth more than £1 billion in a new twist to a case involving a cardinal, historical sex abuse allegations and an investment in a property development in Chelsea. The watchdog that monitors international transactions in Australia detected more than 400,000… Read More
1st January 2021
Scots are being warned over scam covid messages that are being sent out asking people to book the virus vaccine with a bank card. The cruel fraudsters behind the scam are looking to profit from the coronavirus crisis, by preying on those hoping to receive the vaccine when it… Read More
1st January 2021
A two-week police operation conducted from Dec 19 has resulted in the arrest of 230 people for their role in different scams in which victims lost more than S$2.9 million. The 388 ruses involved social media impersonation, Internet love scams, cheats using fake gambling and loan platforms as well as… Read More
31st December 2020
Police and prosecutors will be forced to retreat to decades-old tools for cooperation despite a last-minute Brexit trade deal, raising the risk of fumbles. The pact between Britain and the European Union allows cooperation between the U.K. and member states, particularly as part of investigations into terrorism and serious crime,… Read More
31st December 2020
A key legislative change to the nation’s anti-money-laundering framework still hangs in the balance as Congress remains at an impasse over the size of stimulus checks. Congress voted with a veto-proof majority earlier this month to pass the National Defense Authorization Act, which includes an amendment requiring businesses to report their… Read More
31st December 2020
The International Criminal Police Organisation, popularly called Interpol, has traced a €500,000 COVID-19 fraud to Nigeria. The organisation made this known in a statement on its website titled, ‘Unmasked: International COVID-19 fraud exposed’. According to the statement, the scheme was coordinated using compromised emails, advance-payment fraud, and money laundering. It… Read More