6th August 2018
AP — Indonesia is returning a luxury yacht allegedly bought with funds stolen from a Malaysian state investment company after a monthslong legal battle, a police official said Sunday, The $250 million Equanimity is on its way to a border location where it will be transferred… Read More
24th May 2017
One in five banks in the Asia Pacific expects tax evasion in 2017 to increase 100 to 500 per cent over last year’s levels according to a recent poll by data analytics firm Fico. A further one in five senior fraud managers surveyed said they expect the increase to be… Read More
14th November 2016
Transparency International today announced the candidates short-listed for the Anti-Corruption Award. Read More
13th October 2016
The Maldives has announced it will leave the Commonwealth after mounting pressure from the 53-nation group over corruption and deteriorating human rights in the Indian Ocean state. The country’s government, which has been fending off rumours of an impending coup and allegations of money laundering, said the decision on Thursday… Read More
8th September 2016
The investigation by Al Jazeera claims a $1.5bn money-laundering plot involving President Abdulla Yameen's ministers and his aides. Read More
Must Read

EU adopts Sixth Anti-Money Laundering Directive EU 6AMLD, deadline set

Countries across the European Union will have two years to implement a new system of jail sentences and sanctions for money launderers following the formal adoption of the EU’s latest anti-money laundering directive, dubbed 6AMLD (Sixth Anti-Money Laundering Directive) on 11 October 2018. Once the directive is published in the… Read More

Anti-money laundering compliance costs hit $25 billion annually – study

The cost of AML compliance across U.S. financial services firms equaled $25.3 billion per year based on survey responses from more than 150 decision-makers at banks, investment, asset management and insurance firms, according to a new study. The report shows that smaller firms are hit hardest, relative to their bottom… Read More