Switzerland: Coutts hit with £75m tax evasion penalties
26th February 2016
Switzerland: Coutts hit with £75m tax evasion penalties
Coutts has forked out £75 million to settle two separate tax evasion probes relating to its former Swiss private banking business. Read More
Rwanda: Revenue Body Warns Consultants Against Encouraging Tax Evasion
26th February 2016
Rwanda: Revenue Body Warns Consultants Against Encouraging Tax Evasion
The Rwanda Revenue Authority (RRA) has warned tax consultants who mislead or encourage clients to evade taxes, saying they will be apprehended and punished according to the law. Read More
KenolKobil of Kenya to Clear Debt After Exiting Two Countries
26th February 2016
KenolKobil of Kenya to Clear Debt After Exiting Two Countries
KenolKobil Ltd., Kenya’s biggest fuel retailer by market value, will use proceeds from the sale of its Tanzanian and Congolese operations to reduce financing costs after exiting regions its managing director said were rife with tax evasion. Read More
Police raid Brazil steelmaker Gerdau, issue CEO arrest warrant
25th February 2016
Police raid Brazil steelmaker Gerdau, issue CEO arrest warrant
Federal police said they raided the offices of Brazilian steelmaker Gerdau SA on Thursday and issued an arrest warrant for its chief executive on suspicion the company evaded hundreds of millions of dollars in taxes. Read More
South Africa: Court to hear R76 million cash smuggling case
25th February 2016
South Africa: Court to hear R76 million cash smuggling case
The two Mozambicans who allegedly tried to smuggle more than R76 million in cash into South Africa are expected to appear in the Barberton Magistrate’s Court in Mpumalanga on Thursday. Read More
Australian bank exit from remittances sends money transfers underground
25th February 2016
Australian bank exit from remittances sends money transfers underground
SYDNEY - The decision by Australia's major banks to quit the country's $35 billion a year remittance business is driving fund-transfers underground, a trend exposing the country as a weak link in the global fight against money laundering and financial crime. Read More
Pakistan: NAB files reference against Dr Asim
25th February 2016
Pakistan: NAB files reference against Dr Asim
KARACHI: National Accountability Bureau (NAB) has filed a corruption reference against former state minister for petroleum Dr Asim Hussain in the Accountability Court of Karachi. Read More
Disgraced former Socialist MP “may be tried for murder in Portugal”
25th February 2016
Disgraced former Socialist MP “may be tried for murder in Portugal”
Appealing a 10-year jail term for qualified fraud and money-laundering, Duarte Lima - the former Socialist MP wanted by Interpol - may finally be tried in Portugal for the murder Brazilian authorities claim he committed in 2009. Read More
California: Former state Sen. Leland Yee sentenced to prison
25th February 2016
California: Former state Sen. Leland Yee sentenced to prison
Former state Sen. Leland Yee, who once aspired to statewide political office, will spend five years in federal prison for trading his political juice for money. Read More
Nigeria: Court to decide Metuh’s case March 9
25th February 2016
Nigeria: Court to decide Metuh’s case March 9
Abuja - A Federal High Court will on March 9, 2016 decide the fate of the National Publicity Secretary of the Peoples Democratic Party (PDP) Olisa Metuh. Read More
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