Featured Asia-Pacific

U.S. sanctions highest ranking Chinese official yet over Uighur rights

The United States on Thursday imposed sanctions on the highest ranking Chinese official yet targeted over alleged human rights abuses against the Uighur Muslim minority, a move likely to further ratchet up tensions between Washington and Beijing. Washington blacklisted Xinjiang region’s Communist Party Secretary Chen Quanguo, a member of China’s… Read More

Russia to hit UK with retaliatory sanctions after Raab announces Magnitsky Act-style measures

The Kremlin has said it will impose retaliatory sanctions on the UK after Dominic Raab announced Magnitsky Act-style measures against individuals in Russia, Saudi Arabia, Myanmar and North Korea. Britain’s post-Brexit sanctions, which are designed to stop the laundering of “blood money”, targeted 20 Saudis and 25… Read More

Three Gandhi family trusts to be probed for tax violations, money laundering

The Ministry of Home Affairs on Wednesday announced it has set up an inter-ministerial committee to probe into alleged violation of various legal provisions by Rajiv Gandhi Foundation, Rajiv Gandhi Charitable Trust and Indira Gandhi Memorial Trust. A Special Director of the Enforcement Directorate (ED) will head the committee. “MHA… Read More
9th July 2020
Tether and other so-called cryptocurrency stablecoins have long flown under the radar of international regulators. That’s about to change. The Financial Action Task Force, with members from about 200 countries who recommend ways to stop money laundering and the financing of terrorism, said in a report Tuesday that stablecoins… Read More
8th July 2020
Hackers with suspected ties to the North Korean regime are intercepting and stealing U.S. shoppers’ credit card details during online payments. Cybercriminals with links to a state-sponsored unit known as “Hidden Cobra” have been breaking into the websites of “large U.S retailers” and planting “skimmers” since at least May 2019,… Read More
8th July 2020
The law firm that represents the Duchess of Sussex has received $1.3m (£1m) for its work on a public relations campaign for a fugitive Malaysian financier accused of masterminding one of the world’s largest corruption scandals, documents show. Schillings, a London-based firm that specialises in managing the reputations of wealthy… Read More
8th July 2020
The UK is imposing sanctions on 49 people and organisations behind the most “notorious” human rights abuses of recent years. Individuals implicated in the death of Russian lawyer Sergei Magnitsky in 2009 will have their UK assets frozen and banned from entering the country. And Saudi Arabian officials involved in… Read More
7th July 2020
Campaigners say a government agency faces “serious questions” after it emerged that officials took more than a year to flag evidence of corruption at Airbus to the Serious Fraud Office. Officials at UK Export Finance (UKEF) received emails suggesting the planemaker may have paid $17 million to the wife of… Read More
7th July 2020
The Enforcement Directorate has initiated the process of registering another money-laundering case against middleman Sanjay Bhandari and others. It is related to an alleged illegal consultancy agreement with Samsung Engineering Co. Limited (SECL) to help the company get a project worth ₹6,744.32 crore in Gujarat. Last month, in the same… Read More
7th July 2020
Private-sector institutions that facilitate the flow of money across the global financial system are often best placed to detect when the system is being abused by criminals. But the sheer volume of data banks collect can make screening for financial crime difficult. Mariano Federici, the former head of Argentina’s Financial… Read More
6th July 2020
A foreign exchange broker who defrauded his clients of $1.55 million by using forged documents has been jailed. Russell Maher appeared today in the Auckland District Court and was sentenced by Judge Russell Collins to three years and four months’ imprisonment. The 53-year-old had been charged and later pleaded guilty… Read More
6th July 2020
Britain will later impose sanctions independently for the first time on dozens of individuals accused of human rights abuses around the world. Foreign Secretary Dominic Raab will launch the government’s new post-Brexit sanctions regime by naming the first violators to have their assets frozen. In the past, Britain has almost… Read More
6th July 2020
Sixty-two countries violated United Nations Security Council sanctions against North Korea over a one-year period, according to a report from a Washington, D.C.-based think tank The Institute for Science and International Security report, released Wednesday, cites over 250 alleged violations from February 2019 to February 2020 based on… Read More