4th October 2019
Standard Chartered Plc hired Cedric Lizin to head private banking for southeast and south Asia after executive Srinivas Siripurapu resigned. The change in management comes at a sensitive time for the unit. Bloomberg News reported last month the private bank is in the process of reviewing all of its… Read More
4th October 2019
The ED on Friday raided six locations in Mumbai and adjoining areas and registered a money-laundering case to probe alleged fraud in the Punjab and Maharashtra Cooperative (PMC) Bank case, officials said. They said the raids were being conducted after a criminal complaint was filed under the Prevention of Money… Read More
4th October 2019
A U.S. prosecutor on Wednesday accused Honduran politician Juan Antonio “Tony” Hernandez of smuggling tons of cocaine into the United States under the protection of his brother, President Juan Orlando Hernandez. In his opening statement in a Manhattan federal court, Assistant U.S. Attorney Jason Richman said Tony Hernandez personally took… Read More
4th October 2019
Ukraine’s former national-security chief, Oleksandr Danylyuk, said a “cluster of events” led to his resignation after just four months on the job, but the last straw was the situation around the country’s biggest lender, Privatbank. In an interview with the BBC’s Ukrainian service published on October 3, Danylyuk said he… Read More
4th October 2019
Supreme Court magistrate Eduardo Medina Mora, who is being investigated by Mexico’s financial intelligence unit for transfers to bank accounts in the U.S. and U.K., resigned his post on Thursday, Reforma newspaper reported citing people it did not identify. The high court said it had not received confirmation… Read More
4th October 2019
Swiss private banks have seen a sharp rise in British clients who are moving assets offshore to escape a chaotic Brexit, several sources familiar with the situation told Reuters. “In recent months the number of accounts opened from Britain has trebled,” one person at the wealth management arm of a… Read More
4th October 2019
Banking scandals and growing crypto currency use have prompted European Union finance ministers to consider setting up a bloc-wide supervisor on money laundering at a meeting next week. EU regulators were caught off guard last year by one of the largest money-laundering scandals ever, involving some 200 billion euros ($219… Read More
3rd October 2019
Prosecutors have wrapped up a probe into alleged fraudulent diamond selling by some of Italy’s top banks, having investigated high profile executives working for UniCredit (CRDI.MI) and Intesa Sanpaolo (ISP.MI), a prosecutor document showed. The document, seen by Reuters on Wednesday, showed the number of people… Read More
3rd October 2019
The European Central Bank’s top supervisor called on Maltese authorities on Wednesday to monitor banks more stringently, the latest appeal to authorities flagging risks facing the country’s large banking sector. This follows sharp criticism of Malta two weeks ago by an influential European monitoring body for inadequately tackling financial crime. Read More
3rd October 2019
One sunny Wednesday in February, a gangly man in a sports jacket and a partly unbuttoned paisley shirt walked into the Los Angeles field office of the F.B.I. At the reception desk, he gave his name — Val Broeksmit — and began to pace anxiously in the lobby. Mr. Broeksmit… Read More