17th May 2019
AP — A high court ruling barring a crusading former prosecutor’s candidacy has turned Guatemala’s presidential election on its ear less than a month before the vote, and raised concerns about what will happen to years of efforts to fight endemic corruption. The rejection of Thelma Aldana’s appeal means at… Read More
15th May 2019
Facing unprecedented pressure to clamp down on criminal groups, UK law enforcement officials are in need of an additional £2.7 billion in funding over the next three years, the head of the National Crime Agency (NCA) said Monday. The agency is seeking a 54-percent increase in its annual budget, which… Read More
15th May 2019
Bulgarian Agriculture Minister Rumen Porozhanov resigned on Tuesday, the latest high-level official to step down in scandals involving purchases of luxury properties and the building of guest houses with EU aid for private use. Porozhanov quit two weeks after prosecutors launched a large-scale probe into possible fraud with EU rural… Read More
14th May 2019
Pakistan will implement fiscal and regulatory reforms, including strengthening its controls against financial crime, as part of a 3-year, $6 billion bailout agreement reached with the International Monetary Fund (IMF), the organization said Sunday. The staff-level agreement, which has yet to be approved by the IMF’s board, would seek to… Read More
14th May 2019
The European Commission said on Monday it would take legal action against Romania unless it reversed measures that undermine the independence of its courts and the fight against corruption. The executive Commission, which is the guardian of the EU treaties, has repeatedly said laws introduced by Romania’s ruling Social Democrats… Read More
13th May 2019
AP — Chinese prosecutors indicted former Interpol president Meng Hongwei on Friday on charges of accepting bribes, the latest development in a case that began with his disappearance while on a journey to Beijing. The announcement from the prosecutor’s office in the northeastern city of Tianjin said Meng had… Read More
10th May 2019
The European Union warned Romania on Thursday it could face firmer action over the government’s legal changes that the bloc has said threaten the rule of law. The EU’s executive European Commission has repeatedly said laws brought in by Romania’s ruling Social Democrats – including moves to reduce statutes of… Read More
10th May 2019
Brazilian lawmakers dealt a blow to the country’s graft-busting Justice Minister Sergio Moro on Thursday, when a congressional committee voted to transfer a key tool for monitoring financial transactions to the recently-formed Economy Ministry. The lawmakers also voted to reverse President Jair Bolsonaro’s decree giving the Agriculture Ministry power to… Read More
9th May 2019
The UK’s Financial Conduct Authority (FCA) is increasingly turning to machine-learning technology to identify companies and individuals that launder money and pose other risks to the financial sector, an official said Wednesday. As part of that effort, the FCA is backing the development of technical solutions, particularly in relation to… Read More
8th May 2019
While Britain debates the merits of a second Brexit referendum, London’s financial centre is steering clear of the argument, resigned to the need to shift some business elsewhere. Burned by backing the ill-fated Remain campaign three years ago, major global and British banks told Reuters they would shy away from… Read More