Industry Sectors

Reset Filter

Jurisdictions

Industry Sectors

Predicate Crimes

Enforcement

Regulatory Update

28th June 2016

UK: Banks press regulators for Brexit clarity

The world’s biggest banks are pushing regulators and politicians for answers so they can plan for the future of their London operations after the UK’s vote to leave the EU. Lenders including HSBC, JPMorgan and Morgan Stanley had warned before Thursday’s vote of thousands of job cuts because they would… Read More

28th June 2016

UK: Regulator to investigate accountants over BHS and HBOS failures

The regulator that monitors UK financial reporting is to investigate two of the big four accountancy firms over their role in the failures of the retailer BHS and the banking group HBOS. The Financial Reporting Council, responsible for overseeing UK accounting standards, began an investigation into PricewaterhouseCoopers over its audit… Read More

28th June 2016

Head of Nigerian Senate in court for corruption

Nigerian Senate president Bukola Saraki on Monday kicked off his corruption trial by denying he falsified parliamentary rules to get elected. The influential Nigerian politician has been charged with two counts of criminal conspiracy and forgery and was in the dock alongside his deputy, Ike Ekweremadu, at the high court… Read More

28th June 2016

USA: Public-corruption cases just got harder to prove

The Supreme Court’s unanimous ruling overturning former Virginia governor Bob McDonnell’s conviction makes it much harder for the government to prosecute elected officials for public corruption, but not impossible, legal experts said Monday. The high court set a tougher standard for wrongdoing, saying that helping a wealthy benefactor gain access… Read More

28th June 2016

New Zealand: PM rejects tax expert’s advice to speed up anti-money laundering laws

The Government won't speed up anti-money laundering laws – because of the cost to lawyers and real estate agents. Read More

27th June 2016

USA: Supreme Court Throws Out Corruption Conviction of Ex-Virginia Gov. Bob McDonnell

High court rules former governor may have been convicted of conduct that isn’t illegal Read More

27th June 2016

South Africa: Zuma should pay back $500,000 of public funds

South African President Jacob Zuma should pay back $500,000 of public funds spent upgrading his private residence with facilities including a chicken coop and a swimming pool, the treasury said Monday. In March, the country’s highest court found that the president had violated the constitution by defying an order… Read More

27th June 2016

Malaysia’s Najib appoints new ministers to strengthen coalition

Malaysian Prime Minister Najib Razak reshuffled his cabinet on Monday, placing party loyalists in top posts in a bid to strengthen the ruling coalition amid speculation that he could call an early election next year. Landslide victories in recent electoral outings have put the scandal-hit Najib and his ruling alliance,… Read More

27th June 2016

Nigeria: Corruption: We Will Soon Go After Banks ~ EFCC Chairman

Acting chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, has reiterated his commitment to prosecute any corrupt individual or institutions despite being critized heavily for selective anti-graft campaign. Mr Magu expressed worries over the involvement of banks in money laundering sounding out ‘private banking’ as the vehicle for… Read More

27th June 2016

EU plans moving bank regulator from London as euro zone eyes City business

The EU is preparing to move its European Banking Authority from London following Britain’s vote to leave the Union, EU officials said on Sunday, setting up a race led by Paris and Frankfurt to host the regulator. Coming a day after Britain’s Jonathan Hill resigned and was replaced as EU… Read More

Must Read

BT on trial for £530m Italian fraud scandal

Samsung heir Lee won’t appeal ruling in bribery case

Philippines Issues Crypto Industry Guidelines to Guard Against Money Laundering

Dan Gertler sanctions dropped by Donald Trump

Top official warns of ‘disturbing’ amount of Russian money laundering in UK