News

3rd March 2016

Nigeria: Alleged N3.9bn fraud: EFCC slams 10-count charge on Badeh

ABUJA — The Economic and Financial Crimes Commission, EFCC, has filed a 10-count criminal charge against the former Chief of Defence Staff, Air Chief Marshal Alex Badeh, before the Federal High Court sitting in Abuja. Read More

3rd March 2016

IT Department Examining HSBC Reply in Blackmoney Case: CBDT

New Delhi: The Income Tax department is scrutinising a reply sent to it by HSBC bank after the taxman recently issued notices against the Swiss and Dubai arms of the global banking giant for allegedly abetting tax evasion by certain Indians. Read More

3rd March 2016

Big business main culprit as France nets record 21.2 billion euros from tax dodgers

France uncovered a record 21.2 billion euros in tax fraud last year, the economy ministry announced on Thursday, more than a quarter of the sum coming from tax-dodging big companies, while another 2.65 billion was from individuals with secret bank accounts abroad. Read More

3rd March 2016

Former PP Madrid president to be investigated over Estepona flat

A FORMER president of Madrid is wanted for questioning in a €2 million bribery and money-laundering case linked to Estepona. Read More

3rd March 2016

Nigeria: Excess and Unauthorised Charges By Banks

That many banks short-change their customers and illegally profit there from is a renowned shame of Nigeria's banking sector. The Central Bank of Nigeria (CBN), therefore, told Nigerians what they had always endured when it said the other day that banks imposed excess, illegal and unauthorised charges on their customers. It is, of course, a regime of cheating that must be stopped. Read More

3rd March 2016

How ISIS is earning £14 MILLION a month playing the stock markets: Terrorists are running sophisticated currency exchange scam using looted cash

Islamic State terrorists are earning up to £14 million a month by funneling cash looted from Iraqi banks into legitimate currency speculation. Read More

3rd March 2016

Jury convicts former Alaska prosecutor in state’s largest-ever money laundering case

ANCHORAGE - A federal jury has found former municipal prosecutor and Anchorage businessman Mark Avery guilty of three counts of wire fraud totaling $31 million, six counts of money laundering, one count of bank fraud, and one count of making false statements to a back. All counts are felonies. The verdicts are the largest money laundering convictions ever prosecuted in Alaska, according to federal prosecutors. Read More

3rd March 2016

Deutsche Bank hopes to resolve largest legal case shortly

Deutsche Bank, the German lender that has paid more than $9 billion in fines and settlements since the financial crisis, expects to resolve the largest of its legal cases in coming months, co-chief executive officer John Cryan said. Read More

2nd March 2016

Johannesburg: Barclays reveals legal issues hanging over Absa

Johannesburg - As British bank Barclays yesterday announced plans to pull out of the African continent in the next three years due to regulatory hurdles, it emerged that it was rocked by legal problems, including being subject to an investigation into suspected money laundering at Absa Bank, its African unit. Read More

2nd March 2016

Bangladesh: NBR Orders Crackdown on Delinquents

Government's revenue authority moved its intelligence team to swoop on tax evasion and leaks of revenue through illegal trade, in a desperate bid to recoup the shortfall. Read More