12th September 2019
Countries and companies need to share financial data if they hope to stop human trafficking, connecting governments and companies that often do not work together to fight crime, a top Interpol director said on Wednesday. Encouraging the private sector to share information, governments can help international authorities get access to… Read More
12th September 2019
Federal prosecutors in Los Angeles have been working for three years to recover assets around the world that were allegedly acquired with billions of dollars stolen from Malaysia’s 1MDB fund by people associated with former prime minister Najib Razak. But the question of whether the civil forfeiture lawsuits for overseas… Read More
12th September 2019
Commerzbank AG’s offices in Frankfurt were searched Tuesday as German authorities continued their investigations into a widening tax scandal involving multiple global lenders. The raids are tied to controversial trading practice across the industry known as Cum-Ex, according to a person with knowledge of the matter who asked not… Read More
11th September 2019
The global anti-money laundering watchdog is closely monitoring developments on Facebook’s planned Libra cryptocurrency, its new head told Reuters on Tuesday, in the latest sign of growing regulatory scrutiny of the project. The Facebook-led Libra project is mooted for launch by June next year. Regulators’ and politicians’ concerns range from… Read More
11th September 2019
Financial regulation has gone far enough and there may be room to simplify some rules, Denmark’s central bank governor said. “I’m not in favor of further detailed regulation,” Lars Rohde said in a speech on Tuesday in Copenhagen. “And perhaps we should consider whether the fence poles are in… Read More
11th September 2019
The United States on Tuesday announced sanctions on a “wide range of terrorists and their supporters,” including the Palestinian group Hamas and Iran’s Islamic Revolutionary Guards Corps, on the eve of the 18th anniversary of the Sept. 11 attacks. The targets include 15 leaders, individuals and entities affiliated with groups… Read More
11th September 2019
Brazilian authorities arrested a former energy minister’s son on Tuesday for allegedly receiving 50 million reais in bribes ($12 million) together with his father, involving the construction of a giant dam. Marcio Lobao, the son of former senator and energy minister Edison Lobao, had already been publicly targeted by police… Read More
11th September 2019
The US Department of Justice announced Tuesday that 281 people were arrested in a global crackdown on wire transfer scams. Over a four-month period, “Operation reWired” was aimed at stopping so-called business email compromise (BEC) schemes, which are “designed to intercept and hijack wire transfers from businesses and individuals,” the Justice Department said. The… Read More
11th September 2019
Banks have been accused of “corporate slut-shaming” for refusing financial services to sex workers, with NAB singled out as “absolute worst hypocrites”. Victorian MP David Limbrick says a number of banks have contacted sex workers in recent weeks to tell them their accounts have been cancelled and to take their… Read More
11th September 2019
Kody Zander is the fifth person to be charged in connection to an ongoing investigation into alleged money laundering of millions of dollars’ worth of gold. James Hinds, QC, who represents the prosecution in the matter, told Summary Court Magistrate Valdis Foldats, “Kody Zander was charged in relation to a… Read More