12th June 2019
It is one of the most ambitious anti-money laundering (AML) bills presented to the US Congress in years, though its greater distinction may be that it arrives with something harder to come by than ambition on Capitol Hill: bipartisan support from well-placed lawmakers. Four members of the Senate Banking Committee—Sens. Read More
11th June 2019
Iran has followed through on a threat to accelerate its production of enriched uranium, the head of the U.N. atomic watchdog said on Monday, departing from his usual guarded language to say he was worried about increasing tension. The assessment comes at a time of sharply increased U.S.-Iranian confrontation in… Read More
11th June 2019
Former Pakistani President Asif Ali Zardari was arrested on corruption charges on Monday in a blow to the opposition Pakistan Peoples Party over what media said was an investigation into false bank accounts and money laundering. Zardari, widower of former Prime Minister Benazir Bhutto, was arrested by the National Accountability… Read More
11th June 2019
Brazilian Justice Minister Sergio Moro and federal prosecutors scrambled to respond on Monday to reports published by news website The Intercept based on what it said were leaked messages from a corruption probe. The Intercept said it was only beginning to report on an “enormous trove” of leaked messages… Read More
11th June 2019
Senegal’s justice ministry asked prosecutors on Monday to launch an inquiry into the country’s energy contracts after a report alleged that the president’s brother was involved in fraud related to two offshore gas blocks being developed by BP. After the publication of the investigation by the BBC last week, President… Read More
11th June 2019
A senior American banker once secretly awarded a shareholding in powerful Moscow investment bank Renaissance Capital to one of Vladimir Putin’s closest friends and brokered meetings for the friend with top U.S. foreign policy officials a decade ago, emails show. The American banker, Robert Foresman, currently vice chairman at UBS… Read More
11th June 2019
AP — Internet entrepreneur Kim Dotcom and three of his former colleagues on Monday took their fight against being extradited to the U.S. to New Zealand’s top court. The Supreme Court began hearing arguments in the seven-year-old case after Dotcom and the others lost several previous court rulings. But even… Read More
11th June 2019
An intergovernmental initiative to crack down on tax cheats has uncovered €4.9 trillion (USD 5.5 trillion) held offshore for individual and corporations in approximately 47 million bank accounts. The data, published Friday by the Organisation for Economic Cooperation and Development (OECD), is the result of a broader effort by the… Read More
10th June 2019
UBS looks set to agree a 100 million euro ($113 million) settlement of a money laundering and tax case in Italy within the next few weeks, according to people familiar with the matter, in contrast to a similar case in France. Switzerland’s biggest bank is battling a number of court… Read More
10th June 2019
AP — The Trump administration on Friday hit Iran with new sanctions that target its largest petrochemical company for providing support to the Revolutionary Guard Corps. The Treasury Department imposed sanctions on the Persian Gulf Petrochemical Industries Company and 39 of its subsidiaries and foreign sales agents. It said the… Read More