5th April 2021
The Philippines will now require all financing and lending companies to register with the Anti-Money Laundering Council, report suspicious transactions and comply with other rules aimed at combating money laundering and terrorism financing in the country. The rules previously applied only to financing and lending firms with more than 40%… Read More
5th April 2021
Israeli prosecutors accused Prime Minister Benjamin Netanyahu of treating favours as “currency” on Monday at the opening of a corruption trial which, along with an inconclusive election, has clouded his prospects of remaining in office. Netanyahu, who denies all wrongdoing in the three cases against him, came to Jerusalem District… Read More
5th April 2021
Citigroup Inc. hired Ken Blanco, the director of the Financial Crimes Enforcement Network, as its chief compliance officer of its newly created financial crimes unit. Blanco worked on combating financial crimes and enforcing regulations on money laundering and terrorism financing at FinCEN, a bureau in the Department of Treasury. Read More
5th April 2021
Central bank digital currencies (CBDCs) could potentially facilitate powerful, directed “money drops” and raise inflation expectations, according to a March 31 report by Bank of America. “CBDCs could boost the future transmission of monetary and fiscal stimulus,” the bank’s analysts wrote. While the report doesn’t mention bitcoin (BTC), the analysis… Read More
5th April 2021
President Joe Biden said Friday he was revoking former President Donald Trump’s executive order authorizing sanctions against officials who investigated the U.S. and its allies at the International Criminal Court, saying the threat was not “an effective or appropriate strategy” to address concerns with the court. Biden said in a… Read More
5th April 2021
By Sadie Brown, OCCRP, 2 April 2021 OCCRP— More than 100 international and local organizations devoted to the preservation of marine wildlife raised their voice against a possible lifting of an 11 year ban on shark fishing announced by authorities in the Maldives. Minister of Fisheries,… Read More
1st April 2021
The UK Financial Conduct Authority (FCA) published a new policy statement Wednesday that includes crypto companies on the list of businesses required to submit a financial crime report. Businesses that are required to submit financial crime reporting are referred to by the FCA as “REP-CRIM”, which crypto asset… Read More
1st April 2021
FIFA President Gianni Infantino has addressed the G20 Anti-Corruption Working Group on the last day of its video conference summit. Invited to speak on the fight against corruption in sport, President Infantino shared the lessons that the new FIFA has learned through its post-2016 reforms, as well as from the… Read More
1st April 2021
One of the conservative front-runners in Peru’s presidential election denied press reports that he allegedly owes millions in back taxes and is under investigation for money laundering, hours before he was scheduled to appear in an election debate. Rafael Lopez Aliaga, a hotelier and businessman who… Read More
1st April 2021
A top Republican lawmaker said he will press the Senate to investigate Avantor Inc. and other companies that sold internationally controlled drug-making chemicals into Mexico’s “unregulated and corrupt market” amid a narcotics epidemic in the U.S. Texas Senator John Cornyn, who serves on both the Judiciary Committee and the… Read More