19th May 2016
A one-time chief of staff for the former Brazilian president Luiz Inácio Lula da Silva was sentenced to 23 years in prison on Wednesday for corruption, money-laundering and conspiracy in a vast bribery scandal at the state-run oil company. Read More
18th May 2016
North Korea has adopted a new law that prohibits money laundering and financing terrorism, the Korean Central News Agency reported on Tuesday, indicating its desire to join the international anti-money laundering organization. Read More
18th May 2016
Ineffective anti-money laundering controls in some banks have come to light recently in Panama, Honduras and Guatemala and reputational risk could spread throughout the region. This brings another layer of risks to the region's banks and exposes them to heightened event risk, says Fitch Ratings. Read More
18th May 2016
Governments often behave as if they believe all problems can be solved by passing laws. If something is troubling, make it a crime and it will go away. Sometimes they may even be right. Read More
18th May 2016
Corruption is a world-wide issue and is a “serious concern” for Hungarians, according to public polls, U.S. Ambassador to Hungary Coleen Bell said yesterday evening during a lecture at the Central European University. Read More
18th May 2016
More than half of global companies interested in doing business with Iran are holding back for fear of running afoul of sanctions that remain in place even after its nuclear deal with world powers, a new survey shows. Read More
18th May 2016
The US has lifted more of its economic sanctions on Myanmar to signal its support for ongoing political reform after decades of military rule. Read More
18th May 2016
To further enhance the cyber resilience of the banking sector in Hong Kong, the Hong Kong Monetary Authority (HKMA) announced today the launch of a “Cybersecurity Fortification Initiative” (CFI) at the “Cyber Security Summit 2016” (the ‘Summit’), in which the HKMA also serves as the Programme Advisor for this prestigious event. Read More
18th May 2016
Brazil's new Minister of Transparency and Oversight said he was suspending negotiations of leniency agreements sought by engineering and construction companies caught up in a massive corruption investigation. Read More
18th May 2016
United States Assistant Secretary of State for African Affairs is challenging the Liberian Government and politicians aspiring to lead the country to do everything in their powers to fight corruption, which she believes, is permeating the fabric of the country. Read More