31st March 2016
A Chicago businessman at the center of an investigation into millions of dollars in allegedly fraudulent state contracts has pleaded guilty to money laundering and mail fraud. Read More
31st March 2016
The Bangladesh Bank-hired jurist sounded upbeat Wednesday about retrieving the entire US$81million stolen out from the BB foreign-exchange reserves through a trans-national cyber heist. Read More
30th March 2016
The monitor overseeing HSBC's compliance with a landmark anti-money-laundering settlement has uncovered a range of potential lapses including loans to companies that exported miniskirts to Iran and candy to Syria, and the opening of an account by a man in Mexico who had thousands of dollars of cash in a bag, according to a person familiar with the monitor's findings. Read More
In this landmark analysis, expert U.S. regulatory lawyer Bruce Zagaris poses the question: 'has the United Sates abused its dominant position in global financial markets to impose higher regulatory requirements on competing jurisdictions than on itself?' Read More
30th March 2016
The Department of Justice (DOJ) said it is now in possession of the bank records of the anomalous bank accounts in the Rizal Commercial Baking Corp. (RCBC) involving stolen USD81 million, which is the center of investigation by the Senate. Read More
30th March 2016
A United Nations task force recommended in a report on Tuesday new ethical rules and financial disclosures for the office of the presidency of the U.N. General Assembly after a bribery scandal involving a former assembly head. Read More
29th March 2016
WENZHOU, China (AP) -- The email seemed unremarkable: a routine request by Mattel Inc.'s chief executive for a new vendor payment to China. Read More
29th March 2016
TOPEKA, Kansas (AP) — The US Attorney’s office says the former owner of a trucking company in Kansas City, Kansas, pleaded guilty Monday to evading federal income taxes. Read More
28th March 2016
CLEVELAND (Reuters) - The mayor of Youngstown, Ohio, was sentenced on Monday to a year of probation for his role in a public corruption case involving a property deal made while he was a county commissioner, a county prosecutor's office said, but he will remain in office. Read More
28th March 2016
Colorado banks will no longer have to file hard copies of Suspicious Activity Reports with the state when they suspect money laundering or criminal violations, according to a change in the state’s banking rules. Read More