31st August 2020
Swiss authorities have frozen nearly $900 million belonging to an Angolan business executive with ties to successive presidential regimes, according to newly released court documents. Switzerland’s public prosecutors froze seven accounts of Carlos Manuel de São Vicente and family members in December 2018 on suspicions of money laundering, according… Read More
28th August 2020
Political pressure is growing in Brazil to disband a high-profile team of anti-corruption prosecutors that has put dozens of former executives and politicians behind bars, despite its strong popular support and hundreds of cases still pending. Prosecutor General Augusto Aras will decide on Sept. 10 whether to renew for another… Read More
26th August 2020
A senior Chinese government official enlisted the help of a top fundraising official at the Republican National Committee to lobby the Trump administration in 2017 to return a Chinese businessman living in the U.S. who has long been sought by Beijing, according to a court document filed in Hawaii last… Read More
26th August 2020
Former national security adviser John Bolton may have avoided testifying at President Donald Trump’s impeachment trial, but Senator Ron Wyden urged the erstwhile ambassador on Monday to join him in the room where investigations happen. As the Senate Finance Committee’s top Democrat, Wyden asked Bolton to discuss claims from his… Read More
25th August 2020
Wall Street should be put on notice: the government has new tools to look over traders’ shoulders in close to real time to spot misconduct. The main U.S. derivatives regulator, after years of relying on exchanges and whistle-blowers for tips on financial fraud, is beginning to reap benefits from an… Read More
25th August 2020
The City regulator has been accused by campaigners and its own complaints commissioner of rushing through a plan to minimise liability for its failings. Before the publication of three independent reviews into its competence, the Financial Conduct Authority has proposed a cap on the compensation available from its complaints scheme. Read More
21st August 2020
About $50 billion in cryptocurrency assets have left China in the past year, a possible indication that investors are dodging rules that limit how much capital they’re allowed to transfer from the nation, according to new research by blockchain forensics firm Chainalysis. The controversial cryptocurrency Tether accounted for more than… Read More
20th August 2020
AP – Mexico President Andrés Manuel López Obrador, who has made cleaning up corruption a theme of his administration, used his daily news conference Tuesday to show a video of two men stuffing stacks of plastic-wrapped cash into a duffel bag — an incident he said was getting too… Read More
18th August 2020
Malta’s consul to Shanghai was charged with money laundering on Sunday after police discovered a large sum of money hidden in his home. Aldo Cutajar, 55, was remanded in custody after being arraigned in court by the police’s Economic Crimes Unit along with his wife Isabel. The police told the… Read More
18th August 2020
Mumbai: The Enforcement Directorate has told the Delhi High court that Sergio Cabral, the Brazilian politician who was jailed for corruption, had created dozens of shell companies in India and received $13.24 million in those accounts. The former Rio de Janeiro governor was arrested in November… Read More