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
17th August 2020
AP – Prosecutors in El Salvador presented charges of bribery, money laundering and criminal conspiracy Friday against former President Mauricio Funes, who has fled to Nicaragua. The charges allege that Funes, his companion, Ada Mitchell Guzmán, and several others defrauded the government of almost $50 million. Funes, who was… Read More
17th August 2020
Angola’s Supreme Court convicted the son of the former president and the former governor of the central bank of embezzling $500 million from the country’s central bank in 2017. José Filomeno dos Santos was sentenced to five years in prison Friday for participating in a convoluted plot to defraud… Read More
17th August 2020
A former Acting Managing Director of Unity Bank Plc, Rislanudeen Mohammed, has told a Federal High Court in Abuja how he collected $2.2m in cash from former Minister of Justice and Attorney-General, Mohammed Adoke. In interviews, his book and several previous submissions, Adoke had said his loan repayment was done… Read More
14th August 2020
The pandemic has created an unexpected boom in one corner of finance: surveillance. As traders continue to work from home, banks are beefing up their efforts to monitor staff and root out any misconduct, according to NICE Actimize, which makes compliance, risk and financial-crime software. There’s been a surge of… Read More
14th August 2020
Nairobi Governor Mike Sonko has failed to persuade a court that he is broke and cannot even buy groceries for his family after his accounts were frozen. The governor had petitioned the Anti-Corruption Court as he sought access to Sh500 million stashed in accounts held by the State. Sonko, who… Read More
14th August 2020
Police have detained former Ecuadorian President Abdala Bucaram for the second time in two months, this time in an organized crime probe. Ecuadorian Interior Minister Maria Paula Romo told a local radio station that Bucaram was arrested at his home in the port city of Guayaquil on Wednesday as part… Read More
14th August 2020
The anti-money laundering unit of Germany’s customs authority reportedly failed to share dozens of warnings with police that online payments company Wirecard was facilitating suspicious transactions even before the scandal broke in June. The Financial Intelligence Unit (FIU) only handed over a small portion of the information it had about… Read More
12th August 2020
Donald Trump calls himself the “law and order” president, but when it comes to white collar crime, he has overseen a significant decline in enforcement. The prosecution of securities fraud, antitrust violations and other such crimes has hit a record low as the pandemic slows the courts, according to one… Read More