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Deloitte fined record £15m over ‘serious and serial failures’ in Autonomy audit

Deloitte has been ordered to pay a record £15 million fine for “serious and serial failures” in its audit of Autonomy, the British software company at the centre of one of the country’s largest civil fraud cases. The accounting firm and two of its former partners were found by a… Read More

US moves to seize $330m of alleged 1MDB assets held by UK law firm

The US Department of Justice (DoJ) has moved to seize $330m (£256m) held in the bank account of a major London law firm which prosecutors allege is derived from the proceeds of one of the world’s largest financial frauds. The DoJ has filed civil forfeiture proceedings against funds… Read More

Adelson’s Singapore Casino Hires Law Firm to Probe $1 Billion in Transfers

Las Vegas Sands Corp.’s Singapore casino has hired a law firm to conduct a new investigation into employee transfers of more than $1 billion in gamblers’ money to third parties, according to people familiar with the matter. Davinder Singh Chambers LLC, which specializes in dispute resolution and international arbitration,… Read More

16th September 2020

Short-seller sets spotlight on a ‘second German Wirecard scam’

The short-seller that warned about the Wirecard scandal has targeted a second German listed business, this time claiming more than 1,400 British small business owners have fallen prey to an alleged leasing scam. Viceroy Research has published a report that claims Grenke, a finance group that lends to small and… Read More

16th September 2020

Japanese crypto exchange accuses Binance of helping launder $9M from 2018 hack

A Japanese cryptocurrency exchange that suffered from a $60 million hack in 2018 is suing Binance for “aiding and abetting” the laundering of some of the stolen funds. According to a complaint filed by Fisco in the Northern California District Court on Sept. 14, the Japanese exchange alleged that soon… Read More

16th September 2020

Bahamas Plans E-Currency to Connect Far-Flung Island Beaches

The Bahamas is set to beat some of the world’s superpowers in launching a sovereign digital currency. After piloting the so-called Sand Dollar on the islands of Exuma and Abaco late last year, the central bank will roll out the e-currency nationwide in October. Officials say it will make digital… Read More

16th September 2020

Malta: Attorney General blocks publication of Keith Schembri inquiry

Malta’s new attorney general has refused to release a copy of an inquiry into whether the former prime minister’s chief of staff, Keith Schembri, took a €100,000 kickback on passport sales. The inquiry was based on a leaked FIAU report that raised suspicions about two €50,000 transactions that passed between… Read More

15th September 2020

First glimpse of new EU human rights sanctions

International perpetrators of genocide and torture, but not corruption, are to face new-model EU sanctions, a leaked document shows. Those guilty of crimes against humanity, slavery, extrajudicial killings, enforced disappearances, and arbitrary arrests will also face EU asset-freezes and visa-bans. And those responsible for human-trafficking, sexual violence, and abuses of… Read More

15th September 2020

Spain’s ex-PM Rajoy to be investigated in case of Andorran bank and ‘American friend’

A court in the small European country of Andorra is to investigate former Spanish prime minister Mariano Rajoy and some members of his government in relation to coercion accusations, in a case which stretches all the way to the US government. The Andorran judiciary has accepted the complaint, filed by the… Read More

15th September 2020

Italian prosecutor set for ‘historic’ anti-mafia court battle

After years of investigation, mountains of evidence and hundreds of suspects, Italy’s plucky anti-mafia prosecutor Nicola Gratteri is gearing up for a “historic” court battle against the country’s powerful ‘Ndrangheta clan. The first salvos in a court battle were fired Friday as a preliminary hearing against ‘Ndrangheta members opened in… Read More

10th September 2020

Regulators investigate elite London law firm Mishcon de Reya

One of the UK’s most prestigious law firms is being investigated by regulators who have spent at least two years examining it, sending investigators into its central London offices. The Guardian has established that the Solicitors Regulation Authority (SRA) is conducting a complex investigation into Mishcon de Reya, involving… Read More

10th September 2020

Licences of two Cypriot law firms revoked over anti-money laundering failures

The bar association has revoked the licence of two law firms who had fallen foul of money laundering regulations while five other cases relating to the citizenship by investment programme were pending and would soon be tabled before the board, its chairman Doros Ioannides said on Wednesday. Speaking at a… Read More

9th September 2020

Israel: 30 arrested in massive tax graft said to involve hundreds of millions of shekels

Thirty people were arrested Monday as police revealed they had cracked an allegedly massive graft plot involving hundreds of millions of shekels in tax evasion and money laundering. The scam involved the fraudulent takeover of hundreds of companies in the fuel sector that were then used to issue fake financial… Read More

Must Read

Deloitte fined record £15m over ‘serious and serial failures’ in Autonomy audit

Leaked EU draft proposes all-encompassing laws for crypto assets

US moves to seize $330m of alleged 1MDB assets held by UK law firm

Suspected arms dealers moved millions in Somali money transfers, report says

US imposes sanctions on Iranian intelligence, Hezbollah-linked targets in Lebanon