16th December 2019
The U.K. capital’s financial center cheered Boris Johnson’s emphatic election victory for alleviating the Brexit uncertainty that has hung over the British economy’s key engine for 3½ years. Banks and financial firms have been preparing for a disruptive Brexit, collectively spending billions of pounds to protect themselves, while also… Read More
6th December 2019
Credit Suisse Group AG has acted to block Geneva prosecutors from using details of a critical report by the country’s financial regulator into the bank’s failure to prevent fraud at its wealth management unit. The bank asked Geneva prosecutor Yves Bertossa to seal the report, which he is legally… Read More
22nd November 2019
“At the moment, money is still winning,” says Gerard Ryle, director of the International Consortium of Investigative Journalists (ICIJ) in response to a question on whether money or truth is more powerful.  But that’s not to say financial crooks are particularly comfortable in the age of data leaks,… Read More
15th November 2019
Generally speaking, “money laundering” is not at the top of anyone’s agenda as they go about their daily lives.  The average person might occasionally read a news article about a drug dealer convicted of drug trafficking and money laundering or hear a passing mention on a television show, but… Read More
31st October 2019
One of the architects of last year’s World Cup, and Russia’s triumph to stage it, has been accused of sending an email on how to bribe Fifa voters to award it to his country. Russian investigative outlet The Insider claimed to have obtained leaked correspondence from a member of… Read More
31st October 2019
Soccer accounted for 87% of 240 allegations of misconduct reported to the Sport Integrity (SI) Hotline over the last two years, highlighting “a significant number of match-fixing, internal corruption and sexual abuse issues”. The SI Hotline, established by the International Centre for Sport Security (ICSS) in 2018, gives whistleblowers from… Read More
23rd October 2019
If anyone at Deutsche Bank—or at any of Europe’s other financial institutions, accounting firms, or tax offices—has evidence of wrongdoing by Donald Trump, now would be a good time to share it. Deutsche Bank, for example, has insisted that it doesn’t have copies of Trump’s tax returns. But employees of… Read More
18th October 2019
Mossack Fonseca, a Panamanian law firm at the center of the “Panama Papers” scandal, has filed a lawsuit against Netflix Inc (NFLX.O) over its new movie based on the case, accusing the video streaming company of defamation and seeking to stop the film’s release. The Panama Papers, which… Read More
7th October 2019
The U.K.’s withdrawal from the European Union is complicating the bloc’s fight against money laundering in the financial system, according to EU authorities. Firms relocating from Britain could overwhelm the national bodies that supervise anti-money laundering systems, the three EU financial regulators said in a joint report published Friday. Read More
25th September 2019
Whether the U.K. leaves the European Union with no deal or clinches a last-minute agreement in the coming weeks, Brexit has already taken a toll on London’s finance industry. Three years and three prime ministers since the vote, fraught negotiations and political turmoil have sapped confidence in the industry, putting… Read More