6th June 2019
Global financial bodies including the International Monetary Fund (IMF) and World Bank plan to be present at a U.S.-led conference on the Palestinian economy this month that the Trump administration has cast as an overture to its peace plan. The efficacy of the June 25-26 meeting in Bahrain has been… Read More
6th June 2019
By Helen Chan, Reuters Graft scandals, and the political, economic and legal fallout associated with them, have become public enemy number one. Efforts to fight corruption and punish corrupt individuals and businesses are at the top of the agenda for many regulators and government around the world. Mere association with… Read More
6th June 2019
By Heather Vogell, ProPublica The owners of a 70-story Panama City hotel tower formerly managed by President Donald Trump’s companies are accusing them of stiffing the Panamanian government. In a legal filing Monday in an ongoing lawsuit in Manhattan federal court, private equity manager Orestes Fintiklis and the company he… Read More
5th June 2019
European Union preparations for a no-deal Brexit would split stock markets in Europe, although the damage could be reduced if Britain spelled out in advance its approach to trading, a top EU regulator said on Tuesday. The EU angered market participants in March when it said that if there is… Read More
5th June 2019
The Trump administration banned cruises to Cuba under new restrictions on U.S. travel to the Caribbean island imposed on Tuesday to pressure its Communist government to reform and stop supporting Venezuelan President Nicolas Maduro. The tightening of the decades-old U.S. embargo on Cuba will further wound its crippled economy, as… Read More
5th June 2019
AP — The owner of a contracting company has pleaded guilty to participating in a scheme that defrauded the government by receiving contracts intended for veterans and minorities. Forty-three-year-old Matthew McPherson, owner of Topeka-based McPherson Contractors, pleaded guilty Monday to conspiracy to commit wire fraud and major program fraud. Federal prosecutors… Read More
5th June 2019
The Estonian government intends to move forward with a raft of measures that will seek to make the Baltic nation, long at the center of Europe’s largest money laundering scandal, a far less appealing destination for financial crooks. In a bid to repair its reputation following the disclosure last year that… Read More
5th June 2019
Transportation and project logistics company F.H. Bertling Ltd will pay a £850,000 fine for its role in a bribery scheme that garnered $20 million in freight-forwarding services contracts, the UK Serious Fraud Office (SFO) said Monday. The fine follows seven convictions against the firm and its employees for facilitating the… Read More
4th June 2019
Hong Kong will make concessions to a controversial extradition bill, Security Secretary John Lee said on Thursday, but opposition lawmakers called for the legislation, which they fear will extend Beijing’s reach into the city, to be scrapped. Various groups in Hong Kong, including democracy activists, have objected to the proposals,… Read More
4th June 2019
A group of opposition politicians in Senegal called on Monday for an investigation of the history of two major offshore gas blocks run by BP after a report alleging fraud involving President Macky Sall’s brother Aliou Sall. The British Broadcasting Corporation (BBC) on Monday published an investigation alleging that in… Read More