10th November 2020
The Crown Resorts probity inquiry has raised the prospect of the casino giant facing criminal charges for dealing with the proceeds of crime after it allowed dirty cash to be laundered through its bank accounts. In the fourth day of closing submissions to the NSW Independent Liquor and Gaming Authority… Read More
10th November 2020
Pfizer Inc. said it received an inquiry from the U.S. Securities and Exchange Commission’s foreign-bribery unit regarding the drugmaker’s operations in China. The inquiry was disclosed in Pfizer’s third-quarter financial statement, which was filed with regulators Thursday. It follows other informal requests for information by the SEC and the… Read More
10th November 2020
The ink was hardly dry on a written pledge to stamp out “unfettered cronyism” at regional rail operator V/Line when then-chief executive James Pinder secretly offered a job with a salary exceeding $200,000 to a mate. “For you brother, everything is possible,” Pinder wrote to Metro’s operational fleet manager Peter… Read More
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