16th August 2019
The U.S. is gravely disappointed with the U.K. after a Gibraltar court allowed the release of an Iranian tanker suspected of hauling oil to Syria, and threatened sanctions against ports, banks and anyone else who does business with the ship or its crew, two administration officials said. The court’s decision… Read More
16th August 2019
U.S. prosecutors are seeking to sell three luxury homes linked to the stepson of former Malaysian prime minister Najib Razak, court documents showed, in the latest effort to recover money allegedly stolen from Malaysian fund 1MDB. Malaysian and U.S. authorities allege that about $4.5 billion was misappropriated from 1Malaysia Development… Read More
16th August 2019
The Latvian lender which accused the country’s central bank head of corruption is failing and will be shut down, European banking authorities said on Thursday. PNB Banka, one of the smallest lenders under ECB supervision with just 550 million euros of assets, has seen “significant deterioration in its capital situation… Read More
16th August 2019
One of the biggest knocks against cryptocurrency has always been its status as a refuge for tech-savvy criminals. Even as some bigger players—particularly exchanges that handle many billions of dollars in crypto-wealth each day—have gone out of their way to play nice with regulators, the image persists, in part… Read More
16th August 2019
The European Central Bank, which supervises data protection at Europe’s largest banks, said Thursday that it temporarily shut down one of its websites after it was hacked and injected with a malicious software. The site, called BIRD, which provides the banking industry with information on how to produce statistical and… Read More
16th August 2019
A property development firm is trying to have the lawyer famed for representing creditors to late tycoon Scott Young imprisoned in a bitter legal dispute over the whereabouts of millions of pounds in misappropriated funds. Stephen Jones is said to have lied to clients, the courts and the National Crime Agency… Read More
16th August 2019
A fraud helpline is misleading victims by suggesting their cases will be investigated even though most are dismissed out of hand, it was reported last night. An undercover probe found that managers at Action Fraud mocked victims as ‘morons’, ‘screwballs’ and ‘psychos’, while staff are trained to trick callers into… Read More
15th August 2019
More than £100m suspected to have been imported to the UK from bribery and corruption overseas has been frozen following a court order obtained by the National Crime Agency. Westminster magistrates’ court granted account freezing orders covering eight bank accounts holding in excess of £100m which is “suspected to have… Read More
15th August 2019
Canadian PM Justin Trudeau violated federal conflict of interest rules in the handling of a corruption inquiry, the federal ethics tsar has found. The ethics commissioner says Mr Trudeau improperly tried to influence a former minister in the SNC-Lavalin affair. The prime minister says he accepts the commissioner’s report but… Read More
15th August 2019
Mexican President Andres Manuel Lopez Obrador said on Wednesday that his predecessor, Enrique Pena Nieto, is not under investigation in a probe into suspected corruption that has ensnared one of Pena Nieto’s former cabinet ministers. On Tuesday, a judge ordered that former Social Development Minister Rosario Robles be detained pending… Read More