10th March 2016
Washington (AFP) - Two units of a Cayman Islands financial institution have pleaded guilty to helping US clients hide money as the US crackdown on tax evasion reaches beyond Switzerland, officials said Wednesday. Read More
10th March 2016
A spelling mistake in an online bank transfer instruction helped prevent a nearly $1 billion (£703 million) heist last month involving the Bangladesh central bank and the New York Fed, banking officials said. Read More
10th March 2016
The daughter of Malaysian Prime Minister Najib Razak’s close ally was employed by Goldman Sachs Group Inc. during the time when the investment bank worked for the Malaysian state-run fund 1Malaysia Development Bhd, the Wall Street Journal reported Thursday, citing sources. The 1MDB has been the center of scandal since last July, when hundreds of millions of dollars were traced to the personal bank accounts of Razak. Read More
10th March 2016
The charges also include fraud, breach of public trust, fraudulent receipt of a benefit under aggravated circumstances, theft, money-laundering, tax violations and conspiracy to commit a felony. Read More
10th March 2016
Sao Paulo: Former Brazilian President Luiz Inacio Lula da Silva was charged in a money laundering investigation led by Sao Paulo state prosecutors on Wednesday, intensifying scrutiny of the politician questioned in a separate federal graft probe last week. Read More
10th March 2016
MANILA – That’s a cover-up. This is how Senator Sergio Osmena III described a statement by the PAGCOR chief that investigators should “look elsewhere” regarding an alleged $100 million money laundering operation done through Philippine casinos. Read More
10th March 2016
Credit Suisse Group (CSGN.S) is under investigation in Italy in connection with a case looking into allegations that the bank helped wealthy clients transfer undeclared funds offshore, Italian judicial sources said on Wednesday. Read More
9th March 2016
COLUMBUS, Ohio (AP) — An Alabama bank is seeking nearly $2 million in unpaid debt from former Ohio House Speaker Larry Householder as the Perry County Republican attempts a Statehouse comeback, an Associated Press review has found. Read More
9th March 2016
The Lagos State Internal Revenue Service (LIRS) has shut two companies for alleged failure to remit a N4.01 million Personal Income Tax of their employees to the state government. Read More
9th March 2016
Authorities searched the offices of France’s soccer federation and seized documents to help a Swiss investigation into former FIFA President Sepp Blatter, Switzerland’s prosecutor said on Wednesday. Read More