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
9th November 2020
Investigative journalists in Europe and elsewhere probing financial crimes are increasingly facing vexing lawsuits, many filed in British courts, aimed at intimidating them into silence, according to a global survey published this week. “What came across resoundingly from the results of the survey were that legal threats really are a… Read More
6th November 2020
The Trump administration is expected on Friday to impose sanctions on one of Lebanon’s most powerful Christian politicians in an effort to chip away at Hezbollah’s grip on power, according to people briefed on the move. The U.S. is preparing to sanction former Foreign Minister Gebran Bassil for assisting his… Read More
6th November 2020
Chuang Chou-wen (莊周文), a billionaire chairman of a financial holding headquartered in Taichung, Taiwan, has been arrested for his alleged connection to illegal gambling and money-laundering, and as of Wednesday (Nov. 4), he was being held in Changhua, Taiwan. Chuang, the chairman of Xin Li Wang Intl. Holding Group (新力旺國際控股集團),… Read More
6th November 2020
BNP Paribas urged a Manhattan federal judge to dismiss a lawsuit by alleged victims of a genocidal regime in Sudan on Thursday, saying that while its banking work for the government violated U.S. sanctions, it did not make the bank liable for its atrocities. In a telephonic hearing before U.S. Read More
6th November 2020
A 23-year-old Hong Kong police officer was among 11 people arrested on Thursday on suspicion of running a money-laundering syndicate involving more than HK$200 million (US$25.8 million) since last year. The arrests of eight men and three women, aged 19 to 30, were made after the police force’s financial investigations… Read More