News

25th July 2016

Singapore to further boost money laundering controls amid 1MDB-linked probe

Singapore’s central bank said it will enhance controls against money laundering and take swift action against banks following damaging findings that financial institutions in the city-state handled money flows linked to Malaysian state fund 1MDB. “There is no doubt that the recent findings have made a dent in our reputation… Read More

22nd July 2016

Malaysian Anti-Corruption Commission working with FBI on 1MDB probe

The Malaysian Anti-Corruption Commission (MACC) has confirmed that it is working with the United States Federal Bureau of Investigation (FBI) to probe an unidentified businessman suspected of siphoning 1Malaysia Development Bhd (1MDB) funds. “Regarding the US Department of Justice report on 1MDB, the MACC confirms that it is cooperating with… Read More

22nd July 2016

Christine Lagarde, IMF chief, to face trial in France over corruption case

Lagarde is accused of negligence by improperly signing off on the decision to allow an extremely rare out-of-court arbitration in a dispute between Tapie, a supporter of conservative former president Nicolas Sarkozy, and the state. Read More

22nd July 2016

Sharp drop in euro forgeries in first half of 2016: ECB

The number of counterfeit euro banknotes withdrawn from circulation decreased sharply in the first half of 2016, the European Central Bank said on Friday. A total of 331,000 fake banknotes were removed from circulation in the period from January to June, a drop of 25 percent from the second half… Read More

22nd July 2016

Romania: 8 sentenced to prison for $92 mln money laundering

Romania’s Court of Appeal has upheld prison sentences for eight people for money laundering and embezzlement worth 83.5 million euros ($92 million). Read More

22nd July 2016

Brexit causes dramatic drop in UK economy, data suggests

Britain's decision to leave the EU has led to a "dramatic deterioration" in economic activity, not seen since the aftermath of the financial crisis. Read More

22nd July 2016

“This is widespread corruption”: Rio ban calls grow as Russia’s appeal fails

Russia's presence at the Rio Olympics would threaten the integrity of the entire Games movement, according to former World Anti-Doping Agency president John Fahey. Read More

22nd July 2016

Kenya: Kinisu NGO denies money laundering claim, unfair labour practices

As the Nigerians, South Africans and CNN would probably tell you, Kenyans on Twitter are not so forgiving of perceived slights and before long you’ll not only have a hashtag created in your honour, but it’ll likely be trending. Read More

22nd July 2016

U.S. goes after $1.5B allegedly pilfered by foreign leader

Malaysia’s prime minister said Thursday he is serious about good governance and vowed to “fully cooperate” with a U.S. investigation into a $3.5 billion scandal involving a state fund he headed. The comments by Prime Minister Najib Razak were his first since the U.S. Department of Justice revealed in Los… Read More

22nd July 2016

India: ED launches money laundering probe against Bhupinder Singh Hooda

The former Haryana Chief Minister had allegedly re-alloted land to Associated Journals Limited in 2005 on the 1982 rate, causing Rs. 65 lakh loss to the exchequer. Read More