13th October 2017
Fraudsters using stolen details to open impostor bank accounts is an increasingly prevalent form of crime. Criminals are using tactics to commit identity fraud and open bank accounts in your name – either to house the proceeds of a scam they’ve successfully carried out, to drain your overdraft or… Read More
13th October 2017
SKY NEWS A former Portuguese prime minister has been indicted on graft and money laundering charges as part of a vast corruption investigation. Jose Socrates has repeatedly denied wrongdoing and has dismissed charges contained in a more than 4,000-page indictment as politically motivated. Issued after a four-year inquiry, it accuses… Read More
12th October 2017
12 October 2017 By Carolyn Cohn, Roopal Verma, REUTERS Barclays’ chief compliance officer Michael Roemer is leaving to take up the same role at US bank Wells Fargo (WFC.N), the two banks said on Thursday. Roemer will leave Barclays at the end of this month, the British bank said in… Read More
12th October 2017
President Donald Trump finds himself under immense pressure as he considers de-certifying the international nuclear deal with Iran, a move that would ignore warnings from inside and outside his administration that to do so would risk undermining US credibility. Trump is expected to unveil a broad strategy on confronting Iran… Read More
12th October 2017
Sudan has for the first time in 20 years begun receiving foreign currency inflows, the central bank said on Wednesday, days after the US government lifted decades-old trade sanctions on the northern African country. A statement by the bank confirmed the receipt of international transfers in U.S. dollars to two… Read More
12th October 2017
The UK tax collector has paid out nearly £2 million to informants over the last four years, according to data obtained by Business Insider. HM Revenue and Customs (HMRC) paid £421,460 for information about tax evasion in 2016/17, according to data released in a Freedom of Information request. HMRC paid… Read More
11th October 2017
11 October 2017 By David Martin, Deutsche Welle Germany’s Federal Criminal Police Office (BKA) has carried out its first investigation after purchasing the so-called Panama Papers from an anonymous informant earlier this year. According to German media, federal officers seized two million euros ($2.35 million) from an old slush fund… Read More
11th October 2017
11 October 2017 GULF NEWS Dubai: A senior delegation of the tax authority HM Revenue and Customs (HMRC) in the UK is meeting with UAE law enforcement partners in Dubai to strengthen the joint efforts of both countries to combat organised crime and tax evasion. Simon York, director of HMRC’s… Read More
11th October 2017
11 October 2017 By Karolina Tagaris, REUTERS A Greek court on Wednesday backed the extradition to Moscow of a Russian citizen who also faces being sent to the United States on allegations of laundering billions of dollars in bitcoin. Alexander Vinnik, the suspected mastermind of a $4 billion (£3.03 billion)… Read More
11th October 2017
11 October 2017 By Enoch Yiu, South China Morning Post Global regulators are unlikely to ban digital currencies altogether – but they will bring in tighter scrutiny on the buying and selling of bitcoin and its peers to ensure they comply with anti-money laundering and client identification processes, according to… Read More