30th March 2021
Independent U.N. sanctions monitors have withdrawn accusations against Yemen’s government of money-laundering and corruption that they said “adversely affected” access to food supplies in a country on the brink of famine, a document showed. The experts had said in an annual report to the U.N. Security Council that Yemen’s central… Read More
30th March 2021
A Vatican official allegedly offered a businessman the services of a call girl as they negotiated the Holy See’s £300 million purchase of a landmark London property, according to a High Court ruling. Gianluigi Torzi claimed that Fabrizio Tirabassi, a senior lay official involved in the acquisition of an office… Read More
29th March 2021
Malta’s anti-money laundering regime has been given the thumbs up by Moneyval ahead of a final vote set for next month. The decision means Malta could avoid measures which would have had major repercussions on the country’s financial services sector. A Council of Europe anti-money laundering expert committee, known as… Read More
29th March 2021
The richest Americans are hiding more than 20 percent of their earnings from the Internal Revenue Service, according to a comprehensive new estimate of tax evasion, with the top 1 percent of earners accounting for more than a third of all unpaid federal taxes. That’s costing the federal government… Read More
29th March 2021
Britain and the European Union took their first step since Brexit to cooperate on financial services, agreeing on a new forum to discuss market regulation. The move could help finance firms in the City of London to eventually win back some access to the single market they lost when the… Read More
29th March 2021
AP — Matthias Krull pulls up his pant leg and slides a gardening shear on the ankle monitor that for two years has been a reminder of his crimes. With a court order in hand, the former Swiss banker snips the hard plastic — releasing a… Read More
29th March 2021
Tanzania’s new president, Samia Suluhu Hassan, on Sunday ordered the suspension of the head of the ports authority over corruption allegations, continuing her late predecessor’s anti-graft drive. Observers have been keen to see signs of policy direction from Hassan, who was sworn in on March 19 after John Magufuli died,… Read More
29th March 2021
A year ago, Congress agreed to spend hundreds of billions of dollars on benefits for small businesses and employees devastated by the coronavirus pandemic. Of course, the government’s handout helped the struggling economy. But it also opened the door for a menagerie of con artists to fleece the federal relief… Read More
27th March 2021
As China imposed a sweeping national security law in Hong Kong last year after massive protests, residents of the city moved tens of billions of dollars across the globe to Canada, where thousands are hoping to forge a new future. Capital flows out of Hong Kong banks reaching Canada rose… Read More
26th March 2021
Germany’s Finance Ministry gave explicit backing in 2019 to financial regulator BaFin’s controversial approach to fraud accusations at Wirecard AG, raising questions about its role in one of the biggest corporate scandals in recent history. In a March 2019 phone call, Deputy Finance Minister Joerg Kukies gave the head… Read More