Hong Kong’s Securities and Futures Commission has obtained a court order to freeze about HK$2.66 million (US$340,000) in the bank accounts of Heriberto C. Perez Valdes in connection with a suspected Pyramid and Ponzi scheme, the regulator said in a statement on Wednesday.
French authorities have opened their own investigation into allegations of fraud, bribery and corruption at Airbus, joining Britain’s Serious Fraud
Ex-Lloyds Libor traders hauled in by fraud squad as part of its ongoing probe into manipulation of the benchmark rate
A number of former Lloyds Banking Group traders have been quizzed by the fraud squad as part of its ongoing
Fraudsters use money laundering accusations to con Hong Kong woman out of HK$2.7 million in latest phone scam case
The 40-year-old was contacted by men claiming to be Hong Kong and mainland officials.
The overwhelming interest in PwC’s Forensics Summit held in Bangkok yesterday shows how seriously Thailand’s top companies are treating the threat of corruption and other financial crimes, said Vorapong Sutanont, PwC Consulting (Thailand) Forensics partner.
Australia’s AUSTRAC is leading a formidable global charge against organised crime, terrorism, money laundering and tax evasion through the newly created Fintel Alliance.
Defendant, a cardiologist, pleaded guilty to submitting false bills to Medicare and other insurance companies. He was ordered to pay $12.3 million in restitution and to forfeit $13.0 million.
Officials say 19 people have been charged in Europe and the U.S. with taking part in international fraud and money laundering conspiracies costing more than $13 million.
A hair and beauty products company owned by a man who ran what is thought to be a significant ponzi scheme is looking for a new owner.
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 ...
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 ...
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, ...
The Financial Conduct Authority (FCA) is being scrutinised by a government audit, alongside a number of other agencies focused on preventing scams and economic crime. According to the Financial Times the FCA is one of a ...
The United States has blacklisted nearly all Latin American countries for money laundering in 2017. InSight Crime explores why this is the case, and discusses some of the achievements and failings of regional anti-money-laundering efforts ...
Business pressure to weaken bribery laws and government’s inability to focus on non-Brexit issues are also concerns, says group.
Crime gangs are exploiting corruption at European borders to smuggle vast quantities of illicit goods, a new report warns.
As part of the EU, the UK has to adhere to the Anti-Money Laundering Directive which is looking at transparency of trusts – but not for much longer.
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.