28th June 2016
A US prosecutor said on Monday that Chinese officials were involved in developing a United Nations-focused news outlet that was used to funnel bribes from a Macau billionaire to a former UN General Assembly president who died last week. Assistant US Attorney Daniel Richenthal made that claim at… Read More
28th June 2016
The regulator that monitors UK financial reporting is to investigate two of the big four accountancy firms over their role in the failures of the retailer BHS and the banking group HBOS. The Financial Reporting Council, responsible for overseeing UK accounting standards, began an investigation into PricewaterhouseCoopers over its audit… Read More
28th June 2016
An overwhelming 80 per cent of companies polled in India said that they had been victims of fraud in 2015-16, up from 69 per cent in 2013-14, The Hindu newspaper reported. The Global Fraud Report 2015-16 by risk mitigation consultancy Kroll, with the aid of the Economist Intelligence Unit, found… Read More
28th June 2016
Nigerian Senate president Bukola Saraki on Monday kicked off his corruption trial by denying he falsified parliamentary rules to get elected. The influential Nigerian politician has been charged with two counts of criminal conspiracy and forgery and was in the dock alongside his deputy, Ike Ekweremadu, at the high court… Read More
28th June 2016
The Supreme Court’s unanimous ruling overturning former Virginia governor Bob McDonnell’s conviction makes it much harder for the government to prosecute elected officials for public corruption, but not impossible, legal experts said Monday. The high court set a tougher standard for wrongdoing, saying that helping a wealthy benefactor gain access… Read More
28th June 2016
The Government won't speed up anti-money laundering laws – because of the cost to lawyers and real estate agents. Read More
27th June 2016
Australian market regulator Australian Securities & Investments Commission (ASIC) said it has commenced proceedings against Macquarie Investment Management Ltd (MIML) as the responsible entity of the van Eyk Blueprint International Shares Fund (VBI Fund). The proceedings involve investments of $30m made by the VBI Fund in 2012 into a Cayman… Read More
27th June 2016
High court rules former governor may have been convicted of conduct that isn’t illegal Read More
27th June 2016
South African President Jacob Zuma should pay back $500,000 of public funds spent upgrading his private residence with facilities including a chicken coop and a swimming pool, the treasury said Monday. In March, the country’s highest court found that the president had violated the constitution by defying an order… Read More
27th June 2016
The United Kingdom has been at the forefront of Fintech innovation. While there are many reasons for the UK playing a lead role in new forms of finance several variables may be distilled from the list. First, the country is very supportive of an entrepreneurial/market-based economy. Second is the sheer,… Read More