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.
HM Inspectorate of Constabulary officially asked to probe Police handling of allegations of corruption in the 2014 election that saw Lutfur Rahman win second term as borough mayor.
French authorities have opened their own investigation into allegations of fraud, bribery and corruption at Airbus, joining Britain’s Serious Fraud Office (SFO) which launched an inquiry in August.
US$717m passed through Bank of China in Hong Kong, Macau and mainland China, US$545m through HSBC around the world, and US$29m through Standard Chartered in Hong Kong, the OCCRP study claims.
Every senior leader of Michel Temer’s party named on leaked list, but some worry that the investigation’s scope may well make it weaker.
South Korea’s Constitutional Court removed impeached President Park Geun-hye from office in a unanimous ruling Friday over a corruption scandal that has plunged the country into political turmoil and worsened an already-serious national divide.
The Enforcement Directorate (ED) has begun freezing the accounts of shell companies and investigating certain Mumbai-based bullion dealers suspected to be behind them.
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.