18th April 2019
Bill Browder, an investor who campaigns to expose corruption, has taken a criminal complaint against Swedbank to Latvian authorities, alleging it was involved in a Russian money laundering scandal. Swedish broadcaster SVT reported in March that Swedbank processed gross transactions worth up to 20 billion euros a year from high-risk,… Read More
18th April 2019
The uncle of Syrian President Bashar al-Assad will stand trial in France for allegedly acquiring millions of euros worth of French property assets using funds diverted from the Syrian state, a judicial source said on Wednesday. Rifaat al-Assad is a former military commander, widely held responsible for crushing an Islamist… Read More
18th April 2019
The UK in the coming year will seek to extend a senior management accountability program to new firms, toughen its oversight of professional bodies and reform how it processes suspicious activity reports, two agencies disclosed. The Financial Conduct Authority (FCA) said in a 2019/2020 business plan published Wednesday that… Read More
18th April 2019
AP — Former President Alan Garcia mortally wounded himself with a gunshot to his head Wednesday as officers waited to arrest him in a big graft probe that has put Peru’s most prominent politicians behind bars and provoked a reckoning over corruption. Authorities broke through a door at Garcia’s mansion in… Read More
18th April 2019
New York-based cryptocurrency compliance startup Chainalysis has raised $6 million in funding from Japanese financial group Mitsubishi UFJ Financial Group Inc and venture capital firm Sozo Ventures, the company said on Tuesday. Chainalysis hopes the strategic investment will help it further its expansion plans in Asia, Chief Executive Michael Gronager,… Read More
17th April 2019
EU lawmakers on Tuesday adopted measures to task the European Banking Authority (EBA) with fighting money laundering, empower prudential regulators to better address financial crime risks and protect whistleblowers. Under a legislative resolution to strengthen the bloc’s supervisory authorities, the EBA would take a “leading, coordinating and monitoring role at… Read More
17th April 2019
Mexican President Andres Manuel Lopez Obrador said on Monday he will create a “Robin Hood” institute to return to the people the ill-gotten wealth seized from corrupt politicians and gangsters. His administration is drawing up a bill to create an independent “Robin Hood” institute “against the corrupt” that would put… Read More
17th April 2019
The Trump administration will allow lawsuits in U.S. courts for the first time against foreign companies that use properties confiscated by Communist-ruled Cuba since Fidel Castro’s revolution six decades ago, a senior U.S. official said on Tuesday. The major policy shift, which will be announced on Wednesday, could expose U.S.,… Read More
17th April 2019
A year after closing one of its largest banks for money laundering and the detention of its central bank governor for alleged bribery, Latvia is struggling to deal with the fallout from the corruption scandal. The country’s new government, formed in January after months of political deadlock, is trying to… Read More
17th April 2019
AP — Syrians in government-controlled areas who have survived eight years of war now face a new scourge: widespread fuel shortages that have brought life to a halt in major cities. Cars line up by the hundreds outside petrol stations, and long lines of people waiting to buy rationed cooking… Read More