13th March 2018
The Serious Fraud Office (SFO) is in talks to change the way it is funded. The SFO has a basic annual budget of £31m to maintain its 500 staff. It asks the Treasury for extra cash when it takes on “blockbuster” cases, like the Tesco fraud probe. Critics have said… Read More
12th March 2018
Japanese Prime Minister Shinzo Abe is under renewed scrutiny after altered documents released on Monday related to a land sale to a school operator with ties to his wife raised the possibility of a cover-up in a favoritism scandal. Questions about the sale of land – sold at a huge… Read More
12th March 2018
Saudi King Salman has ordered the establishment of specialized departments in the public prosecutor’s office to investigate and prosecute corruption cases, the government’s information office said in a statement on Sunday. The move is intended to increase effectiveness and accelerate the process of combating corruption, the statement quoted Attorney General… Read More
12th March 2018
AP – Donald Trump Jr. has a previously undisclosed business relationship with a longtime hunting buddy who helped raise millions of dollars for his father’s 2016 presidential campaign and has had special access to top government officials since the election, records obtained by The Associated Press show. The president’s… Read More
12th March 2018
CIA director Mike Pompeo has defended Donald Trump’s decision to meet North Korean leader Kim Jong-un, saying the president understands the risks. Mr Trump “isn’t doing this for theatre, he is going there to solve a problem,” the spy chief told Fox News Sunday. The president has said the yet-to-be-arranged… Read More
11th March 2018
North Korean leader Kim Jong-un and US President Donald Trump are to meet in person by May, it has been announced, an extraordinary overture after months of mutual hostility. News of the meeting was delivered by South Korean officials after talks with Mr Trump at the White House. They passed… Read More
11th March 2018
Mauritian President Ameenah Gurib-Fakim, Africa’s only female head of state, is to quit over a financial row. She has been accused of using a bank card provided by a charity to make personal purchases worth tens of thousands of dollars. She is to step down after ceremonies to mark the… Read More
8th March 2018
The European Commission demanded on Thursday that Britain pay 2.7 billion euros ($3.35 billion) of customs duties that should have been collected on Chinese imports of Chinese footwear and textiles but were not due to fraud. The request, one of a number of European Union “infringement procedures” against EU countries… Read More
7th March 2018
Indonesia issued rules this week requiring corporations to reveal details of beneficial ownership to the government, as part of efforts to tackle money laundering and terrorism financing in Southeast Asia’s largest economy. This comes at a time when Indonesia is trying to join the Financial Action Task Force (FATF), an… Read More
6th March 2018
Nigeria’s lower house of parliament passed a bill on Tuesday aimed at helping authorities to tackle money laundering and funding for terrorism. Following international pressure, the law makes the Nigerian Financial Intelligence Unit an independent body that can share information with similar agencies abroad. The Senate, Nigeria’s upper house, is… Read More