21st August 2019
Mexican authorities are preparing to file more criminal charges against the former head of state oil company Petróleos Mexicanos, expanding the scope of the anticorruption efforts launched by the government of President Andrés Manuel López Obrador. Emilio Lozoya, the former CEO of Pemex, has been at large since late May,… Read More
21st August 2019
A Honduran court convicted the wife of former President Porfirio Lobo on graft charges, including siphoning funds from programs designed to help poor children, a judicial official said on Tuesday. Rosa Elena Bonilla was found guilty of diverting some 18.3 million Honduran lempiras ($779,000) in public funds plus international donations… Read More
21st August 2019
The U.K. is considering delaying two key announcements in the latest sign that Prime Minister Boris Johnson’s government is on an election footing. Chancellor of the Exchequer Sajid Javid may wait to name a successor to Bank of England Governor Mark Carney until after Britain’s planned Oct. 31 departure from… Read More
21st August 2019
Shell companies—specifically, of the illicit sort—have so long been entangled with the concept of money laundering that one term often evokes the other.  But after decades of acknowledging the problems associated with anonymous corporate ownership, and with little to show in the way of preventing the misuse of shell… Read More
20th August 2019
Sudan’s ousted president Omar Hassan al-Bashir acknowledged receiving millions of dollars from Saudi Arabia, a police detective told a court on Monday at the start of a corruption trial that many Sudanese thought they would never see. Bashir listened to the testimony without comment, sitting in a metal cage and… Read More
20th August 2019
Australians could face two-year jail sentences and fines of up to $25,200 under proposed laws that limit the use of cash to $10,000 — a move some groups argue would create an Orwellian state by giving authorities greater control over people’s finances. A number of stakeholders have called on the… Read More
20th August 2019
The Saskatchewan government is set to introduce amendments to protect against criminal acts like money laundering— even if it’s a bit late. Money laundering is estimated to be worth $6.5 billion across Saskatchewan and Manitoba alone, according to a report from former B.C. attorney general and Simon Fraser University professor, Maureen… Read More
20th August 2019
The Trump administration’s Justice Department has again taken President Donald Trump’s side in a fight between him — as a private citizen — and the US House of Representatives over subpoenas for his personal financial records. The Justice Department argues the two banks shouldn’t have to hand over the subpoenaed… Read More
20th August 2019
China National Petroleum Corp, a leading buyer of Venezuelan oil, has halted August loadings following the latest U.S. sanctions on the South American exporter, three sources with direct knowledge of the matter told Reuters on Monday. The Trump administration in early August froze all Venezuelan government assets in the United… Read More
20th August 2019
The European Commission will revisit plans to publish a list of non-EU jurisdictions deemed to be particularly vulnerable to money laundering, an official from the economic bloc told the Financial Times. The incoming commission is expected by October to unveil an overhauled methodology on how to draft the blacklist of… Read More