10th November 2020
By Héctor Silva Ávalos, InSight Crime, 8 November 2020 InSightCrime – Tegucigalpa mayor Nasry “Tito” Asfura — who has announced he will run for president in Honduras’ 2021 elections — has been named in a government investigation into the embezzlement of more than a million dollars in city funds,… Read More
9th November 2020
Julius Baer has made an agreement with the U.S. Department of Justice (DoJ) to settle allegations over its role in corruption surrounding global soccer body FIFA, the bank said on Monday. The bank has taken a provision of $79.7 million to cover expected fines after agreeing in principal to a… Read More
9th November 2020
Juan Carlos, Spain’s exiled king, has been linked to an investigation into the transfer of millions of euros from an offshore account, part of a third corruption inquiry into his finances. Attempts to transfer funds from an active account registered in Jersey, a tax haven, were recently detected by Spain’s… Read More
9th November 2020
The Philippines is examining financial transactions of a law office and a tour operator that “appeared to have acted for” Wirecard AG or the company’s former chief operating officer Jan Marsalek, Justice Secretary Menardo Guevarra said. The National Bureau of Investigation has submitted a progress report on its probe… Read More
9th November 2020
Latvia’s financial regulator, the Financial and Capital Market Commission (FKTK) said November 6 it had decided on November 3 to impose a fine of EUR 473,076 on Reģionālā investīciju banka (Regional Investment Bank, RIB) for “irregularities in detecting the source of funds, which were identified during a FKTK inspection in large value cash… Read More
9th November 2020
Former Swedbank Baltic CEO Priit Perens told daily Eesti Päevaleht (EPL) in an interview that he and his colleagues never consciously laundered money, and that the heads of Estonian banks did not foresee changes in regulations and society. “… Expectations of banks have changed so much. As Erkki Raasuke (current… Read More
9th November 2020
The Netherlands has ramped up its enforcement of foreign bribery since 2012, but it still faces challenges in prosecuting individuals and fully using its whistleblower protection program, an international antibribery watchdog said. The Organization for Economic Cooperation and Development Working Group on Bribery in International Business Transactions, in a report… Read More
9th November 2020
AP – Aiming to open player agents to more scrutiny, FIFA said Thursday it wants to publish lists of their clients and how they earn fees that were worth $650 million last year. FIFA’s move toward more transparency is in a draft code it has worked on since 2017,… Read More
9th November 2020
The Enforcement Directorate (ED) on Saturday said it has conducted searches in a money laundering complaint linked to an alleged land grab and cheating case in Goa. It said the raids were carried out against former Attorney of Comunidade of Serula Angelo C Lobo, his brother Reginaldo Lobo and former… Read More
9th November 2020
President Michel Aoun said on Saturday that Lebanon would seek evidence and documents from the United States that led Washington to impose sanctions on his son-in-law Gebran Bassil, a prominent Christian politician. The United States on Friday blacklisted Bassil, leader of Lebanon’s biggest Christian political bloc, accusing him of corruption… Read More