Featured Jurisdictions

Deutsche Bank to Pay $16.2 Million in `Princeling’ Bribery Case

Deutsche Bank AG will pay $16.2 million to settle a U.S. regulator’s allegations that it hired relatives of overseas government officials to win business, making it the latest firm ensnared in a scandal that rocked Wall Street and sparked years-long investigations. The hiring, which lasted from at least 2006… Read More

Qatar-controlled bank investigated by UK over money laundering

The UK’s finance watchdog is investigating a British Qatari- controlled bank that has been acting as a platform for extremists’ interests in Europe. The British-registered, Qatari state controlled bank Al Rayan, is being investigated over its money laundering controls. The bank told shareholders that its “anti-money laundering processes and controls… Read More

$16 million frozen on accounts of TBC Bank founders accused of money laundering

TBC Bank co-founder Mamuka Khazaradze says that the equivalent of more than $16 million has been frozen on his accounts and on those of co-founder Badri Japaridze per a request of the Prosecutor’s Office. “This action serves only one purpose – to bring an end to the public movement we… Read More
23rd August 2019
AP—The relationship between a Japanese woman and a U.S. Army captain stationed in Syria started online, through an international social network for digital pen pals. It grew into an internet romance over 10 months of daily emails. It ended with the woman $200,000 poorer and on the verge… Read More
23rd August 2019
Switzerland’s vaunted private banking scene is tipped to shrink further with a third of banks struggling to make ends meet in the face of adverse conditions. An annual health check of the sector has forecast that smaller players could be “driven to extinction”. A study of 87 private banks by… Read More
23rd August 2019
The Justice Department is siding with President Trump in his fight to keep his banking records out of the hands of House Democrats. A panel of justices at the U.S. Court of Appeals for the 2nd Circuit is scheduled to hear arguments Friday morning on Trump’s appeal in… Read More
23rd August 2019
China has said it hopes the Philippines will ban online gaming to support its crackdown on cross-border gambling, which it said foreign criminals had used to embezzle funds and illegally recruit workers. The Philippine gaming regulator has banned licenses for new online gaming firms, as lawmakers and some ministers have… Read More
23rd August 2019
Non-governmental organizations in Uganda have been told to submit financial information including budgets and donor lists to the authorities, an official told Reuters on Thursday, in a move rights groups said was another attempt to muzzle criticism. The government of veteran leader President Yoweri Museveni, 74, has long chafed at… Read More
23rd August 2019
When HSBC Holdings Plc thwarted a $500 million central-bank heist, sophisticated computer software didn’t raise the alarm. The funds flowed undetected from Angola’s reserves to a dormant company’s account in London. It was a teller at a suburban bank branch who became suspicious, declined a request to transfer $2 million,… Read More
23rd August 2019
Professional football clubs and players’ agents will be required to report suspicious transactions to the police or face criminal sanctions, just like banks, if radical measures proposed by the European Commission are adopted. These measures are recommended in the Staff Working Document that accompanied the Commission’s recently published Supranational Risk… Read More
22nd August 2019
Norway’s Financial Supervisory Authority (FSA) found significant shortcomings in DNB’s compliance with anti-money laundering (AML) regulations during a late-2018 inspection, the bank regulator said in a report released on Wednesday. Long regarded as not a major risk issue for Nordic banks, money laundering has become a major concern in the… Read More
22nd August 2019
U.S.-based Citigroup Inc (C.N) and French bank BNP Paribas (BNPP.PA) are caught up in the U.S. criminal case against the chief financial officer of China’s Huawei Technologies, according to newly available documents. The banks were named in documents released on Tuesday after a hearing in British… Read More
22nd August 2019
Police arrested former Indian finance minister P. Chidambaram late on Wednesday in relation to alleged corruption and money laundering, a day after the Delhi High Court rejected his application to seek exemption from arrest. Chidambaram was arrested by federal police on a warrant issued by a competent court, a spokesman… Read More