3rd March 2016
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
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
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
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
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
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
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, 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 - 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
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