14th March 2019
In recent years the European Union has looked to flex its legislative muscle and come up with an array of laws aimed at cracking down on money laundering and terrorism financing. Key to its package are its various directives, which impact national laws, banking operations and other industries across the… Read More
13th March 2019
European lawmakers and member states have agreed on a new set of rules which will guarantee whistleblowers protection against demotion and dismissal when they report money laundering, tax fraud and other financial crimes. Under the provisional regulations setting EU-wide standards of protection, whistleblowers will be protected in judicial proceedings. Read More
13th March 2019
Britain’s Serious Fraud Office (SFO) failed to take “reasonable and appropriate” steps to get key documents from Qatar’s U.S. lawyers before a fraud trial of four former Barclays executives, a London criminal court heard on Thursday. The jury was told that Judge Robert Jay had ruled in January on the… Read More
13th March 2019
A Philippine bank has filed a lawsuit accusing Bangladesh’s central bank of defamation, hitting back at what it says are baseless claims of its complicity in the world’s biggest cyber heist. In February 2016, criminals used fraudulent orders on the SWIFT payments system to steal $81 million from the Bangladesh… Read More
13th March 2019
AP — With just 17 days to go, Britain’s departure from the European Union was thrown into chaos and doubt Tuesday as Parliament delivered a crushing double blow to Prime Minister Theresa May’s Brexit divorce deal and to her authority as leader. Lawmakers rejected the deal… Read More
13th March 2019
AP — Tesla CEO Elon Musk should not be found in contempt of court because he has complied with the terms of a securities fraud settlement, his attorneys wrote in documents filed Monday night with the U.S. District Court in Manhattan. Musk’s lawyers wrote that a Feb. 19 tweet merely… Read More
13th March 2019
The European Central Bank will take over the supervision of Latvia’s PNB Banka, a small lender that has accused the country’s central bank governor and financial regulator of running a racket after being itself fined over money laundering. The decision followed a request by the Latvian financial watchdog, which said… Read More
12th March 2019
Foreign deposits dropped in most euro zone states in the second half of 2018, after banks were hit by money-laundering scandals, European Central Bank data showed, a trend that could expose one of the bloc’s weak spots in tackling financial crime. Large holdings of foreign deposits and outsized cross-border financial… Read More
12th March 2019
AP — A Muslim civil-rights group says the FBI is letting animal shelters, private investigators and even a Midwestern megachurch have access to its watchlist of suspected terrorists. In court documents unsealed after a court hearing Friday, lawyers for the Council on American-Islamic Relations expressed concern… Read More
12th March 2019
Maria Rodriguez’s daughter has spent a month in Caracas’s J.M. de los Rios children’s hospital with hydrocephalus, a buildup of spinal fluid in the brain, but staff there have faced an uphill battle treating the girl because of a nationwide power outage. “It has been horrible since the blackout. My… Read More