23rd March 2021
French prosecutors and lawyers for the government said UBS Group AG should be ordered to pay 3 billion euros ($3.6 billion) — 33% less than the original judgment — for allegedly helping French clients hide money from the nation’s tax authorities. Prosecutor Serge Roques asked a Paris court of… Read More
23rd March 2021
Russia and China presented a united front against America yesterday as they discussed ways of resisting western sanctions after clashes with the Biden administration. Sergey Lavrov, the Russian foreign minister, on a visit to meet his counterpart Wang Yi in China, spoke of efforts to build “technological independence”… Read More
23rd March 2021
The European Union plans to impose targeted sanctions on several individuals in Eritrea for their alleged role in human-rights abuses and atrocities in northern Ethiopia, according to four people familiar with the matter. The proposal will be made by the European Commission to member states in Brussels on Monday, the… Read More
23rd March 2021
Latvia’s former politicians Andris Skele and Ainars Slesers are facing criminal charges that have been brought against them  as part of a criminal probe into the so-called digital TV case, LETA learned. Aiga Eiduka, a spokeswoman for the prosecutor’s office, told LETA that one of the persons charged in this… Read More
23rd March 2021
Julius Baer Group AG moved to claw back bonuses for bankers involved in a Latin America money laundering scandal that prompted a regulatory probe, the second Swiss bank in less than a week to announce such a step. The bank, which published the decision in its annual report Monday,… Read More
23rd March 2021
ABN Amro did not have proper checks on potential fraud and money laundering in place until well into 2019, the Financieele Dagblad said on Monday. This is around a year after ING reached an out of court settlement with the public prosecution department over its regulatory failures, which should have… Read More
23rd March 2021
By Sergei Khazov-Cassia, RFE/RL, 22 March 2021 RFE/RL — Russian law enforcement officers play a key role in the industrial-scale theft of oil from the country’s network of pipelines, an illicit business that robs the public coffers of hundreds of millions of dollars in revenue… Read More
22nd March 2021
The governor of the Bank of England, Andrew Bailey, is demanding that internet giants be forced to take down fraudulent websites. There has been a surge in online fraud during the pandemic. Action Fraud, the national reporting agency, said that £78 million was lost on fake investment websites, with victims… Read More
22nd March 2021
Domestic banks and other financial institutions have a medium risk exposure to money laundering, terrorist and proliferation financing, according to the result of the Third Sectoral Risk Assessment (SRA) conducted by the Bangko Sentral ng Pilipinas (BSP), Anti-Money Laundering Council (AMLC) and other relevant institutions. BSP Governor Benjamin Diokno said… Read More
22nd March 2021
Saudi Arabia’s Oversight and Anti-Corruption Authority announced on Sunday it has initiated a number of criminal cases. The authority said it had taken over eight cases and legal procedures against the accused were underway. In the first case, three individuals have been arrested for allegedly embezzling more than SR5 million… Read More