27th September 2016
An international group that monitors money laundering said on Tuesday that Singapore should pursue more offenders involved in international cases and take more action to confiscate suspicious funds moving through the city-state. “Singapore maintains one of the lowest domestic crime rates in the world and therefore the bulk of Singapore’s… Read More
22nd September 2016
China’s outbound direct investment spiked at US$102.75 billion in the first seven months, a 61.8 per cent year-on-year surge Read More
20th September 2016
Binary Uno is the latest binary options broker to be added to the BCSC’s investor caution list. Read More
19th September 2016
The U.S. decision to lift trade sanctions against Myanmar has been welcomed by local economists and businessmen, who say it will remove a major constraint on international trade with the impoverished country and boost growth across its economy. Political analysts and activists said the decision also puts a greater responsibility… Read More
16th September 2016
A money laundering and bribery investigation in Australia has reached India. Several bank transfers and over two dozen accounts operated by an Australian company Getax, owned by Indian-origin Guptas, are being probed by the Australian Federal Police (AFP). In India, the Central Board of Direct Taxes (CBDT) is looking at… Read More
14th September 2016
A brokerage CEO has become the first ever executive to challenge a penalty imposed by Thailand’s stock market regulator, in the first disciplinary case involving an executive since an insider trading scandal prompted calls for stricter market oversight. Apple Wealth Securities Chief Executive Prasit Srisuwan denied wrongdoing after the Securities… Read More
7th September 2016
The Enforcement Directorate (ED) alleges that Himachal Pradesh Chief Minister Virbhadra Singh made a fake Memorandum of Understanding (MoU) with Life Insurance Corporation (LIC) agent Anand Chauhan to manage his apple orchard and cover up Singh’s “tainted” money. On Tuesday, the ED filed a chargesheet against LIC agent Anand Chauhan… Read More
7th September 2016
The State, Justice and Treasury Department revealed the payment was made from a so-called Judgment Fund. Read More
1st September 2016
The former operator of the Normandie Club in Gardena has been ordered to pay a $1 million criminal fine and to forfeit nearly $1.4 million after pleading guilty to violating the Bank Secrecy Act by failing to report large cash transactions to federal authorities. During a federal court hearing yesterday,… Read More
30th August 2016
Global money transfer firm TransferWise is getting ready to free itself from reliance on banks. The five-year-old London-based start-up has long advertised itself (colorfully) as the transparent alternative to banks when it comes to moving money around the world — but in the background, TransferWise still needed those banks to handle… Read More