10th November 2016
A trader who operated from his parents' home in London has pleaded guilty in the US to helping trigger a 2010 Wall Street "flash crash". Read More
3rd November 2016
The Pensions Regulator has begun enforcement action against a number of parties including Sir Philip Green after failing to reach a deal to plug BHS’s £571m pension deficit. In a dramatic development, the regulator, which has been in talks with Sir Philip and his Taveta group of companies over the retailer’s… Read More
2nd November 2016
Thirteen port and customs officials were charged on Wednesday with stealing cargo containers and aiding tax evasion on freight at Kenya’s Mombasa port, part of a drive to clamp down on corruption and boost efficiency at the hub. Mombasa acts as a trade gateway for much of East Africa. But… Read More
2nd November 2016
The auditor-general has cleared Foreign Minister Murray McCully of corruption over the $11.5 million Saudi Arabia Food Security Partnership but found “significant shortcomings” in the paper put to Cabinet to support the deal. “I share many New Zealanders’ concerns about the arrangements,” auditor-general Lyn Provost said in her report, released… Read More
2nd November 2016
When the FBI raided the Chinatown home of Chicago restaurateur Tony Hu two years ago, agents discovered a veritable “assembly line” for doctoring sales records, federal prosecutors say. Three piles of receipts were found in Hu’s living room: records on his couch still to be doctored, those already altered with… Read More
2nd November 2016
Trade between Britain and Iran is beginning to grow and the government is working to resolve banking sector concerns which are limiting further expansion, British trade minister Liam Fox said on Wednesday. Fox said that Anglo-Iranian relations had improved since Britain reopened its Tehran embassy last year and that Britain… Read More
1st November 2016
Standard Chartered Plc said Hong Kong’s securities regulator is investigating its role as a joint sponsor of an initial public offering (IPO) in 2009 and could take unspecified action against the British lender’s Hong Kong unit. The disclosure of the probe on Tuesday by Standard Chartered comes days after Swiss… Read More
31st October 2016
The international crime gang led by veteran Dublin criminal Christy Kinahan has set up 200 companies and has operated in 20 countries, a transnational investigation into his crime empire has found. It found Kinahan has copied the Italian mafia’s “golden rule” of using food companies as a front… Read More
31st October 2016
An international diamond dealer who ran a £30 million money laundering business has been jailed for 11 years. Danny Koort, 52, stored bags of “dirty money” at the Fitzrovia offices of his Kosher Diamonds business, converting it into euros before returning the cash to his criminal clients. As he flew between… Read More
24th October 2016
A San Mateo man was charged in a federal indictment for his alleged role in a scheme to commit insider trading and money laundering, U.S. Department of Justice officials said Thursday. According to an indictment returned Wednesday, when Christopher G. Salis, 39, was a global vice president of the software corporation SAP,… Read More