16th April 2019
African soccer’s ruling body has fired a senior official after he made corruption accusations against the organization’s president in a potential blow to FIFA’s efforts to clean up the game after a raft of scandals worldwide. The Confederation of African Football (CAF) sacked general secretary Amr Fahmy after the Egyptian… Read More
16th April 2019
AP — Newly unsealed documents in the fraud case of a South Dakota man linked to an admitted Russian covert agent show he obtained at least $2.3 million from 78 people for bogus investments dating to at least 1997. Paul Erickson has pleaded not guilty to 11 counts of wire… Read More
15th April 2019
Accountant EY’s audit of scandal-hit Danske Bank came under scrutiny on Friday as Danish authorities asked the state prosecutor for financial fraud to investigate the matter. Danske Bank is under investigation in the United States, Denmark, Estonia, France and Britain over payments from Russia, ex-Soviet states and elsewhere. It has… Read More
15th April 2019
European lawmakers are urging financial institutions and governments to address dozens of legal and supervisory shortcomings they say contributed to the proliferation of massive money laundering schemes in recent years. In a resolution adopted Thursday, the Council of Europe’s Parliamentary Assembly said that recent money laundering schemes linked to… Read More
15th April 2019
Finance ministers and other national representatives approved an indefinite extension of the Financial Action Task Force’s mandate, including revisions that increase the group’s presidential terms by a year. The open-ended mandate, which takes effect in 2020, comes as the Paris-based intergovernmental organization marked its 30-year anniversary in a ministerial meeting… Read More
15th April 2019
Spanish police on Friday arrested Hugo Carvajal, a former head of Venezuelan military intelligence, who Washington believes has a “treasure trove” of details he is willing to share about Venezuelan President Nicolas Maduro. Carvajal, a former general and close ally of the late Venezuelan leader Hugo Chavez, was arrested on… Read More
15th April 2019
On a recent weekend night, the dance floor at one of the hottest clubs in Seoul’s swanky Gangnam district held only a few dozen people surrounded by mostly empty tables. A few months ago, the nightclub would have been packed with hundreds of gyrating men and women, and full tables,… Read More
15th April 2019
AP — Prosecutors in Peru are asking a judge to keep former President Pedro Pablo Kuczynski behind bars as he is investigated for suspected money laundering related to Latin America’s biggest graft scandal. Deputy prosecutor Hernan Mendoza made the request Monday morning, saying the former Wall Street banker should… Read More
15th April 2019
U.S. federal prosecutors charged the owner and two former executives of Woodbridge Group of Companies LLC on Thursday with orchestrating a $1.3-billion Ponzi scheme involving 10,000 victims. Robert Shapiro, the owner of the luxury-property company, and former directors of investments Dayne Roseman and Ivan Acevedo were charged in the Southern… Read More
14th April 2019
The United States on Friday announced more sanctions on shipping companies transporting oil from Venezuela, blacklisting four shipping companies and nine vessels, some of which the U.S. Treasury Department said carried oil to Cuba. The U.S. Treasury identified the firms as Liberia-based Jennifer Navigation Ltd, Lima Shipping Corp and Large… Read More