8th March 2017
A joint venture between house builder Barratt Developments and Wall Street giant Morgan Stanley to develop a £275m residential project on the banks of the Thames is examining contracts it has awarded, as part of a wider investigation into potential corruption in London at the British company. Read More
6th March 2017
The international community loses hundreds of billions of dollars every year due to trade-based money laundering, says a US report which identifies China, Russia, Mexico and India as the top four sources of illicit financial outflows. Read More
3rd March 2017
The Chinese banking regulator's newly ­appointed chief on Thursday brushed aside suggestions that he would spearhead a merger of the country's three financial ­industry watchdogs, describing the talk as "rumour". Read More
3rd March 2017
The Australian government partners with the private sector in an effort to stop “serious financial crimes.” Money laundering and terrorism will specifically be targeted. Read More
2nd March 2017
A number of former Lloyds Banking Group traders have been quizzed by the fraud squad as part of its ongoing investigation into Libor manipulation. Read More
2nd March 2017
Lawyers for the U.S. government and HSBC Holdings Plc on Wednesday urged a federal appeals court to block release of a court-appointed monitor's report on how HSBC is working to improve its money laundering controls. Read More
1st March 2017
Earlier this month, the Fraud Section of the U.S. Department of Justice (DOJ) published its Evaluation of Corporate Compliance Programs (Evaluation Guidance). Although issued without fanfare, the Evaluation Guidance represents the latest in a series of important communications by the Fraud Section outlining the DOJ’s expectations for effective corporate compliance programs. Read More
1st March 2017
The Financial Crimes Enforcement Network (FinCEN) Monday fined Merchants Bank of California $7 million for impeding compliance staff and threatening to fire staffers who wouldn't process suspicious transactions. Read More
28th February 2017
The head of Canada's financial crime watchdog agency is second-guessing his decision last year to withhold the name of a bank — which CBC Investigates has identified as Manulife Bank of Canada — fined $1.15 million for not reporting hundreds of transactions it was obligated to report under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Read More
28th February 2017
Merchants Bank of California was fined $7 million for failing to implement anti-money laundering controls, specifically citing its relationships with money services businesses affiliated with company executives, regulators announced Monday. Read More