Ex-Croatia PM jailed after court ups his corruption sentence
8th April 2019
Ex-Croatia PM jailed after court ups his corruption sentence
AP — A top Croatian court has increased to six years the corruption sentence against former Prime Minister Ivo Sanader and ordered his immediate imprisonment. Sanader was transferred to a Zagreb prison on Thursday evening after the court upheld prosecutors’ appeal of the 2017 sentence of four and one-half years in… Read More
US to designate Iran Revolutionary Guard a terrorist group
8th April 2019
US to designate Iran Revolutionary Guard a terrorist group
AP — The Trump administration is preparing to designate Iran’s Revolutionary Guard a “foreign terrorist organization,” an unprecedented move against a national armed force that could have widespread implications for U.S. personnel and policy in the Middle East and elsewhere. Officials informed of the step said an announcement was expected… Read More
FCA to Weigh Use of Prosecutorial Powers in AML Cases: Enforcement Director
5th April 2019
FCA to Weigh Use of Prosecutorial Powers in AML Cases: Enforcement Director
The Financial Conduct Authority will not shy away from criminally prosecuting individuals responsible for egregious anti-money laundering failures, the head of enforcement at the agency said Thursday. The supervisory authority, known as the FCA, currently has a “large number of investigations” on its docket, some of which are entering significant… Read More
Council of Europe Issues ‘Call to Action’ on Alleged Maltese Corruption
4th April 2019
Council of Europe Issues ‘Call to Action’ on Alleged Maltese Corruption
The government of Malta has no coherent plan to fight corruption and has failed to penalize officials for apparent criminality, a Strasbourg-based watchdog group said in a report Thursday. While the country has an adequate institutional framework “on paper” to mitigate governmental wrongdoing, a string of high-profile corruption scandals involving… Read More
Prosecutor says ex-Malaysian PM abused his ‘absolute power’
4th April 2019
Prosecutor says ex-Malaysian PM abused his ‘absolute power’
AP — Former Malaysian Prime Minister Najib Razak sat in the dock Wednesday at the start of his corruption trial, with the chief prosecutor alleging he wielded “near absolute power” for nearly a decade during which he stands accused of pilfering millions of dollars from the 1MDB state investment fund. Read More
Explainer: Europe’s money laundering scandal
4th April 2019
Explainer: Europe’s money laundering scandal
The largest ever money laundering scandal in Europe is rippling through the region’s banks. It began in the Baltics and has engulfed several Nordic lenders, notably Denmark’s Danske and Sweden’s Swedbank, who had large Baltic operations. Here are some facts about Europe’s problems. HOW DID THE CURRENT SCANDAL EMERGE? The… Read More
Corruption costs $1 trillion in tax revenue globally: IMF
4th April 2019
Corruption costs $1 trillion in tax revenue globally: IMF
Curbing corruption could generate about $1 trillion in tax revenues annually across the world, according to research from the International Monetary Fund. In addition to increasing government revenue, fighting corruption can also reduce waste and even help to lift test scores among public school students, the IMF said. It also… Read More
U.S. lawmakers urge sanctions over China’s treatment of Muslim minority
4th April 2019
U.S. lawmakers urge sanctions over China’s treatment of Muslim minority
A bipartisan group of U.S. lawmakers on Wednesday faulted the Trump administration for failing so far to impose sanctions over China’s alleged human rights abuses against its Muslim minority and called for punitive measures against a senior Communist Party official and Chinese companies. A letter to President Donald Trump’s top… Read More
By spying on Huawei, U.S. found evidence against the Chinese firm
4th April 2019
By spying on Huawei, U.S. found evidence against the Chinese firm
U.S. authorities gathered information about Huawei Technologies Co Ltd through secret surveillance that they plan to use in a case accusing the Chinese telecom equipment maker of sanctions-busting and bank fraud, prosecutors said on Thursday. Assistant U.S. Attorney Alex Solomon said at a hearing in federal court in Brooklyn that… Read More
What Najib Razak’s corruption trial means for Malaysia – and the region
4th April 2019
What Najib Razak’s corruption trial means for Malaysia – and the region
By James Chin, University of Tasmania The corruption trial of Najib Tun Razak, the former prime minister of Malaysia, has finally begun following two postponements and an attempt on the opening day of the trial for a third. Many Malaysians were starting to wonder if Najib would… Read More
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