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Payments firms face UK crackdown over safeguards for customers

The City regulator has warned non-bank payments businesses that serve millions of consumers and small businesses that they face a crackdown over a series of failings. The Financial Conduct Authority told chief executives of regulated payment service providers and electronic money businesses that they must strengthen the way in… Read More

Updated U.S. bribery law guide reinforces broad view of accounting provisions

The second edition of an influential handbook on the U.S. Foreign Corrupt Practices Act incorporates nearly eight years of developments in the antibribery law. It also clarifies the government’s view on controversial aspects of the statute’s enforcement. The U.S. Department of Justice and U.S. Securities and Exchange Commission released the… Read More

Fugitive former Mexican governor arrested in Miami

Police in Miami on Wednesday arrested the former governor of the Mexican state of Chihuahua, Cesar Duarte, who is wanted on corruption charges in his homeland, U.S. and Mexican officials said. Duarte, who governed the northern border state from 2010 to 2016, has been accused by Mexican authorities of misappropriating… Read More

9th July 2020

Billionaire Gertler threatens NGOs over Congo investigation into evading US sanctions

Global Witness and the Platform to Protect Whistleblowers in Africa (PPLAAF) said they condemn a criminal complaint filed against them in France by Afriland First Bank, a Cameroonian financial institution named in the Undermining Sanctions investigation. “For two of the principal subjects of our report to threaten or file… Read More

8th July 2020

London law firm did PR for Malaysian fugitive accused of corruption

The law firm that represents the Duchess of Sussex has received $1.3m (£1m) for its work on a public relations campaign for a fugitive Malaysian financier accused of masterminding one of the world’s largest corruption scandals, documents show. Schillings, a London-based firm that specialises in managing the reputations of wealthy… Read More

8th July 2020

Argentina aide who testified in Kirchner corruption case is found murdered

A former private secretary to Argentina’s vice-president has been murdered, fuelling speculation that he was targeted for being a whistleblower in a corruption case. The body of Fabián Gutiérrez, 48, who for years worked closely with Cristina Fernández de Kirchner and later testified against her, was found at a… Read More

7th July 2020

India to register another money-laundering case against Sanjay Bhandari

The Enforcement Directorate has initiated the process of registering another money-laundering case against middleman Sanjay Bhandari and others. It is related to an alleged illegal consultancy agreement with Samsung Engineering Co. Limited (SECL) to help the company get a project worth ₹6,744.32 crore in Gujarat. Last month, in the same… Read More

6th July 2020

Enron legacy returns in battle over $80 million yacht

Almost two decades after the collapse of Enron Corp., a former unit of the energy-trading giant is sparring with U.S. and Nigerian authorities over the proceeds of the sale of a luxury yacht. The dispute pivots on the Galactica Star — a 213-foot vessel once worth more than $80 million. Read More

6th July 2020

MACC undersea tunnel probe to centre on money laundering

The probe into the RM6.3 billion Penang undersea tunnel and connected roads project will centre around possible money laundering, Malaysian Anti-Corruption Commission (MACC) chief Azam Baki said today. He expected the probe to take another two to three weeks to be completed before submission to the prosecutors. Speaking to FMT,… Read More

29th June 2020

Oil, gas, and mining corruption: Is it inevitable?

In late January, almost five years after huge oil reserves were discovered off the shore of Guyana, an oil tanker loaded with about 1 million barrels of Liza light sweet crude finally departed the nation. After the three-football-field-long ship docked at Galveston, Texas, the oil went on its… Read More

29th June 2020

Swiss court finds ex-MP Martynenko guilty of money laundering, sentences him to 28 months in prison

On June 26, the Federal Criminal Court of Switzerland found former Member of Parliament of Ukraine Mykola Martynenko guilty of laundering about EUR 2.8 million through the Swiss financial system “as part of a criminal group.” The court also convicted another citizen of Ukraine, Pavlo Skalenko, who, together with the… Read More

26th June 2020

Romania Investigates Allegations of Bribery in Covid-19 Masks Contract

Romania’s National Anti-corruption Directorate, DNA, has launched a criminal investigation into the director general of the state’s pharmaceutical distributor, Unifarm, suspecting that he demanded a bribe of 760,000 euros to facilitate a contract for the purchase of 3 million protection masks in March. According to the DNA, Ionel Eugen Adrian… Read More

26th June 2020

Maltese MP voted out by party amid turmoil over Panama Papers’ ties

The political career of Malta’s former deputy prime minister Konrad Mizzi lies in ruins after his ruling Labour Party (PL) colleagues voted for his expulsion over secretive offshore dealings revealed in the International Consortium of Investigative Journalists-led Panama Papers investigation. Mizzi was the star performer during the country’s… Read More

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JPMorgan Dropped Accounts That Became Bad News for Deutsche Bank

U.S. sanctions highest ranking Chinese official yet over Uighur rights