28th January 2019
Lithuania has taken extra measures to prevent money-laundering after bank scandals in Latvia and Estonia which have harmed its reputation, its central bank Governor Vitas Vasiliauskas said. The euro-zone member has so far avoided any major financial scandals of its own but felt it needed to improve its safeguards, Vasiliauskas,… Read More
28th January 2019
Malaysia’s securities regulator said on Saturday it was looking into the conduct of auditors of 1Malaysia Development Bhd (1MDB), a state fund that was wound up after losing billions of dollars in a scandal that erupted under the country’s previous government. “The Securities Commission’s review of the conduct of… Read More
28th January 2019
AP — Facial-detection technology that Amazon is marketing to law enforcement often misidentifies women, particularly those with darker skin, according to researchers from MIT and the University of Toronto. Privacy and civil rights advocates have called on Amazon to stop marketing its Rekognition service because of… Read More
28th January 2019
By Robert Mazur Testimony in the ongoing New York federal trial of “El Chapo” Guzman offered a repeat of facts heard in hundreds of similar trials since the prosecution of Al Capone. Despite that blaring reminder, governments, including the one now prosecuting El Chapo, appear to turn a deaf… Read More
28th January 2019
A former RBS employee has been jailed for 30 months over a scam in which he tried to bribe his colleagues in an attempt to swindle hundreds of thousands of pounds from the bank. Using his inside knowledge, Dilbaagh Singh-Derewal and an associate asked two ex-colleagues who still worked… Read More
28th January 2019
The Serious Fraud Office has published the full terms of its deferred prosecution agreement (DPA) with supermarket giant Tesco after reporting restrictions were lifted. Under the DPA, Tesco agreed to pay a £129m fine and £3m investigation costs, and also agreed to undertake and implement an ongoing compliance programme during… Read More
25th January 2019
European Union states are poised to back new rules to boost protection for whistleblowers who expose fraud, tax evasion, data breaches and other misdeeds, EU sources told Reuters. The move follows criticism from transparency campaigners about the lack of EU protection for individuals who report such breaches, citing the prosecution… Read More
25th January 2019
AP – France’s finance minister says that Carlos Ghosn, who is fighting breach of trust and other charges in Japan, has resigned as head of Renault. Ghosn has been detained for more than two months in Japan. French Finance Minister Bruno Le Maire said… Read More
25th January 2019
South African prosecutors on Thursday provisionally withdrew corruption charges against Duduzane Zuma, the son of former president Jacob Zuma. Duduzane Zuma faced charges of corruption and conspiracy to commit corruption related to his dealings with the Guptas, three Indian-born brothers accused of using their relationship with former president Zuma to… Read More
25th January 2019
A solicitor who provided conveyancing services for a gang of drug dealers and fraudsters and helped launder their dirty cash has been jailed for seven years. Police discovered the Handforth-based professional’s activities while investigating the operation of an organised crime gang that had been laundering the proceeds of their criminal… Read More