25th May 2020
Many paths lead to the small town of Traben-Trarbach, which is situated on Germany’s Mosel River and famous for its much-visited “underworld” of wine cellars. Frankfurt-Hahn is located just 30 minutes away by car, a regional airport that was, at least until the arrival of the coronavirus, a budget airline… Read More
21st May 2020
Switzerland has moved closer to removing Attorney General Michael Lauber from office after a parliamentary panel launched impeachment proceedings against the top Swiss prosecutor relating to his probe of corruption in world soccer. The judicial committee voted on Wednesday 13 to 4 to move against Lauber “on suspicion of serious… Read More
20th May 2020
A total of £6.4 million of illicit cash held in a City bank account by criminals who falsely claimed to be running an African shipping company has been seized by the National Crime Agency (NCA). The account was set up in the name of a Liberian company called The… Read More
14th May 2020
Construction of the world’s most controversial natural gas pipeline is about to enter the endgame of an energy dispute that’s pitted the U.S. against Russia and some of its closest trans-Atlantic allies, satellite images show. The Nord Stream 2 pipeline, built to increase the flow of Russian gas into Europe’s… Read More
12th May 2020
The U.S. Supreme Court on Tuesday considers three blockbuster cases concerning efforts by the Democratic-led House of Representatives and a grand jury working with a prosecutor in New York City to obtain copies of President Donald Trump’s financial records. Unlike recent presidents, Trump has refused to disclose his tax returns… Read More
11th May 2020
Wirecard (WDIG.DE) Chief Executive Markus Braun apologised to shareholders on Friday as the company announced a reshuffle of its management board and appointed a new compliance officer, days after the hedge fund TCI demanded Braun’s removal. Wirecard faces allegations including accounting irregularities and disclosure violations, which it denies. In… Read More
8th May 2020
Gardaí have discovered evidence that Covid-19 payments are being abused by Dublin-based fraudsters involved in money laundering as a part of a wider European network of criminals. Two men have been arrested as part of a Garda inquiry into “money-mule” bank accounts. This is the use by criminals of third… Read More
5th May 2020
Germany’s Wirecard AG plans to regain the confidence of investors with sweeping measures to improve compliance and control, said Chief Executive Officer Markus Braun, dismissing calls to step down. The payment processing company will reveal details of nine projects to improve “global internal control systems including how it reports… Read More
1st May 2020
An American Express Co. subsidiary mistakenly issued a prepaid card to a German engineer with alleged ties to a black market in nuclear-weapons technology, the Treasury said Thursday. The subsidiary, American Express Travel Related Services Co., provided the card to Gerhard Wisser, whom U.S. authorities have accused of playing… Read More
29th April 2020
By Sanne Wass, S&P Global Market Intelligence, 27 April 2020 Read more at S&P Global Market Intelligence Photo (cropped and edited): Finn Årup Nielsen [CC BY-SA 3.0] RiskScreen: Eliminating Financial Crime with Smart Technology… Read More