Three units of London-based Barclays Plc have been penalized by Australia’s securities regulator for failing to tell clients they didn’t hold local financial services licenses and instead were regulated overseas.
Dramatic Kenyan bribery law underscores the new reality: Washington and London have no monopoly on talking tough
Kenya’s new Bribery Act, which pairs onerous obligations with severe penalties, may mark the start of a new era in which developing countries pass and enforce anti-bribery laws that are far more stringent than those in “traditional” compliance jurisdictions.
Money launderers pose an ever growing threat to businesses in the UK, and it’s up to accountants and solicitors to spot warning signs and report any suspicious behaviour.
Australian betting operator Tabcorp has been officially ordered to pay $35 million (A$45 million) for breaching anti-money laundering and counter-terrorism financing laws.
Stefan Cassella of Asset Forfeiture Law, LLC comments on US v $70,990,605. Under Section 981(k), the holder of a foreign account has statutory standing to contest the forfeiture of a similar amount of money from his bank’s correspondent account in the U.S., but he still lacks Article III standing if his bank has released his money to him and he has therefore suffered no injury.
In January the UK Government published a consultation paper aimed at exploring new ways of tackling corporate economic crime, including criminalising conduct committed by, on behalf of, or in the name of companies.
Chinese telecom giant ZTE has been fined $1.1bn and will plead guilty to charges that it violated US rules by shipping US-made equipment to Iran and North Korea.
On November 8, 2016, Indian Prime Minister Narendra Modi announced in a televised speech that 500 and 1,000 rupee notes would no longer be legal tender, swiftly rendering 86 per cent of cash in the ...
Image: nomination of Richard Cordray as CFPB director. Dodd Frank, the sweeping financial reform brought in after the 2008 financial crisis, is not beloved by Republicans. Numerous elements of the legislation have drawn criticism from the ...
The irony of revelations from the Global Laundromat scandal landing almost exactly a year on from the Panama Paper leaks is not lost on many readers. Clearly the lip-service to greater transparency that followed the financial leak ...
The Laundromat is a name given by the Organized Crime and Corruption Reporting Project to a vast money-laundering scheme. Between autumn 2010 and spring 2014 Russian officials and insiders moved billions of dollars into Europe, ...
Tom Devlin, barrister and partner at Stephen Platt and Associates LLP, unpicks recent anti-money laundering scandals in the finance industry. He looks in detail at what went wrong, how word got out, and how the failings ...
A Republican state senator from the Niagara Falls area and his predecessor pleaded not guilty on Thursday in a pair of schemes involving payments to a spouse and a former aide, the latest in a long line of corruption cases to emanate from New York State’s capital.
Cristina Kirchner ordered to stand trial for the first time in series of corruption and mismanagement cases
Argentina’s former president has been ordered to stand trial, in the first of several cases against the divisive ex-leader.
If you don’t think there is any corruption in Australian politics, then you have no need to worry about the millions of dollars’ worth of corporate donations to political parties.
Agricultural Bank of China (AgBank), the country’s third-biggest lender, said it will spend three years building an anti-money laundering (AML) centre to improve and centralize AML control, according to a statement circulated late on Thursday.