30th January 2019
A man has been arrested over allegations of fraud and money laundering at an address in Oxford, UK, following the theft of around €10 million in the IOTA cryptocurrency from over 85 victims worldwide since January 2018. An investigation was launched after police in Hessen, Germany, received reports from members… Read More
30th January 2019
Huawei Technologies Co Ltd’s chief financial officer, the central figure in a high-stakes dispute between the world’s two largest economies, made her first appearance in a Canadian court in more than a month on Tuesday as Ottawa weighs extraditing the Chinese executive to the United States. Meng Wanzhou, daughter of… Read More
30th January 2019
The European Commission has published the findings of its investigation into EU members’ citizenship and residency schemes. The probe revealed financial crime risks, such as money laundering and tax evasion, associated with the programmes. It also found that there exists a lack of transparency in how the schemes are… Read More
29th January 2019
AP — The Trump administration is closely eyeing efforts in Europe to set up an alternative money payment channel to ease doing business with Iran and avoid running afoul of sanctions the U.S. has levied on the Islamic republic. The White House is putting the Europeans… Read More
29th January 2019
Accused Mexican drug lord Joaquin “El Chapo” Guzman said in court on Monday that he will not testify in his own defence at his U.S. trial. Guzman announced his decision after prosecutors rested their case against him in federal court in Brooklyn. After excusing the jury, U.S. District Judge… Read More
29th January 2019
Malaysian prosecutors on Monday charged former prime minister Najib Razak with three more counts of money laundering, allegedly receiving the proceeds of illegal activities in his personal bank accounts. After unexpectedly losing an election to Mahathir Mohamad in May last year, Najib has been slapped with a series of corruption… Read More
29th January 2019
The European Commission has urged member states to ensure that applicants for investor citizenship and residency, dubbed golden passports and golden visas respectively, comply with EU anti-money laundering rules after a new study revealed financial crime risks associated with the schemes. The ‘comprehensive’ study identified the existing practices and risks… Read More
29th January 2019
The Financial Reporting Council (FRC) has opened a new probe into Big Four accountancy firm KPMG regarding collapsed business Carillion. British construction firm Carillion went into liquidation after stacking up huge debts and losing money on contracts. Following the development, the regulator launched an investigation in January 2018 into… Read More
28th January 2019
A new list ranking tax contributions in the UK has named owners of a sportswear enterprise, gambling business and clothing retailers among the country’s estimated top ten taxpayers. Top of the list is JD Sports majority shareholder Stephen Rubin, followed by Bet365 boss Denise Coates and then Sir James… Read More
28th January 2019
Europe’s data protection regulators have received more than 95,000 complaints about possible data breaches, eight months after the adoption of a landmark EU privacy law, the European Commission said on Friday. The General Data Protection Regulation (GDPR) gives new powers to privacy enforcers, allowing them to levy fines of up… Read More