Rodrigo Rato found guilty of misuse of corporate credit cards issued by banks whose near collapse sparked EU bailout.
In the year and a half that has transpired since the DOJ’s Fraud Section retained a compliance consultant to assist prosecutors’ evaluation of compliance programs, compliance officers, general counsels and white-collar defense lawyers have called for more visibility into what the Fraud Section’s compliance consultant portends for companies ensnared in DOJ investigations.
The Serious Fraud Investigation Office (SFIO), which specialises in investigation of white collar crimes, has summoned former IDBI chairman GP
South Africa was hit by more cyber attacks than any other country in Africa in one year but experts say the private and public sectors are not taking the threat seriously enough.
The Serious Fraud Office (SFO) has successfully led a prosecution against four individuals who have been found guilty of conspiracy to make corrupt payments and conspiracy to commit fraud against lenders Barclays and KBC Lease.
Lloyds Banking Group is to review all customer cases that may have been affected by a corruption scam involving managers at its HBOS subsidiary.
An HMRC study on the 2014-15 tax year estimates that there was a gap of £12.7 billion between the VAT theoretically due and the amount actually collected. Up to £1 billion of the missing money is thought to have been lost to so-called ‘missing trader’ fraud.
Campaigners have frequently branded the UK a world money-laundering hotspot, citing the 'terrifying' scale of illicit funds that make their way through the City of London. Is this fair? What is the UK Government doing to ...
Tom Devlin interviews Sam Thampapillai, associate in the financial services disputes and investigations group at Eversheds Sutherland. Sam has focused his recent work on developing technologies and financial crime. In this video he focuses on Blockchain, offering an ...
In late November, Jay Clayton was called by a longtime client seeking advice for how the Trump administration should tackle scaling back rules on Wall Street. Mr. Clayton, a partner at Sullivan & Cromwell LLP who ...
The old Ottoman Empire had the most direct way of going about these things. When the old sultan died, his successor would seize all his brothers and half-brothers, slit their throats and dump their corpses ...
European Supervisory Authorities warn on money laundering and terrorist financing risks affecting the EU financial sector
The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today a joint Opinion addressed to the European Commission on the risks of money laundering (ML) and terrorist financing (TF) affecting the European ...
China has appointed Guo Shuqing as the new head of the banking regulator, according to people familiar with the matter. Having spent much of his life working on transforming the nation’s financial system, Guo, 60, faces daunting tasks ahead as he takes on oversight of the world’s largest banking industry by assets.
The regulations apply to all-cash buyers using shell companies in places like New York City, Miami and Los Angeles.
Just 215 wealthy people were granted an investor visa for the U.K. last year after the government doubled the investment needed to 2 million pounds ($2.5 million) and introduced new money-laundering checks in 2014.
Capital One Financial Corp. is under investigation for its anti-money-laundering program, according to the company’s annual securities filing.