Featured Industry Sectors

Germany: Santander bank caught up in major tax evasion investigation

Prosecutors in Germany have launched a probe into the role Spanish bank Santander may have played in a widespread tax fraud scheme. The probe, which has seen the authorities examine the role of other banks, looks at allegations that Santander executed trades that facilitated ‘severe tax evasion’ between 2007 and… Read More

Denmark investigates Nordea Bank over money laundering allegation

Denmark’s state prosecutor has launched a probe into a complaint that Nordea Bank facilitated money laundering. The Danish State Prosecutor for Serious Economic and International Crime declined to name the firm that made the allegations, but said in a tweet: “We can confirm that we have received a report… Read More

Hit or miss? Regulator rejects CEO candidate of scandal-hit Danske Bank

Denmark’s banking regulator has turned down Danske Bank’s plans to appoint Jacob Aarup-Andersen as CEO, citing the need for someone more experienced to take on the position. Denmark’s largest bank began to hunt for a new CEO after a multi-billon euro money laundering scandal highlighted serious compliance flaws conducted in… Read More
19th October 2018
Prosecutors in Germany have launched a probe into the role Spanish bank Santander may have played in a widespread tax fraud scheme. The probe, which has seen the authorities examine the role of other banks, looks at allegations that Santander executed trades that facilitated ‘severe tax evasion’ between 2007 and… Read More
19th October 2018
Denmark’s state prosecutor has launched a probe into a complaint that Nordea Bank facilitated money laundering. The Danish State Prosecutor for Serious Economic and International Crime declined to name the firm that made the allegations, but said in a tweet: “We can confirm that we have received a report… Read More
19th October 2018
Denmark’s banking regulator has turned down Danske Bank’s plans to appoint Jacob Aarup-Andersen as CEO, citing the need for someone more experienced to take on the position. Denmark’s largest bank began to hunt for a new CEO after a multi-billon euro money laundering scandal highlighted serious compliance flaws conducted in… Read More
19th October 2018
When Peggy and Marco Lachmann-Anke learned in January that hackers cracked a 40-character password and cleaned out their cryptocurrency wallet, they did not go to the police or alert the tokens’ issuer, the Berlin-based technology group IOTA. They bought more coins. The Cyprus-based German couple, who describe themselves as financial… Read More
19th October 2018
Brits looking for love are at risk of losing thousands of pounds to romance scams or ‘rom-cons’, according to Barclays Bank, which said it has conducted new research on the form of fraud. Romance scams occur when someone is convinced to make a payment to a person they have… Read More
19th October 2018
A special unit designed by the European Union to enable its firms to continue trading with Iran despite US sanctions could also be used by the bloc to avoid other US sanctions. The Special Purpose Vehicle (SPV) is set to launch in November this year. A French foreign ministry spokeswoman… Read More
18th October 2018
The European Central Bank (ECB) is reportedly looking to revoke the licence of Pilatus Bank, following the arrest of its chairman over money laundering charges and allegations it processed corrupt payments. Malta’s banking regulator has also previously recommended that the licence be withdrawn. The ECB’s supervisory board has… Read More
18th October 2018
James Ibori, the former governor of Nigeria’s oil-rich Delta State, has challenged a British court ruling which convicted him of laundering stolen public funds. Ibori is alleged to have used the money to acquire various assets. He reportedly owned houses in the US and UK, luxury brand cars and was… Read More
18th October 2018
AP — It’s now possible to check in automatically at Shanghai’s Hongqiao airport using facial recognition technology, part of an ambitious rollout of facial recognition systems in China that has raised privacy concerns as Beijing pushes to become a global leader in the field. Shanghai Hongqiao… Read More
18th October 2018
Public companies that fail to tighten their cyber security controls could be violating federal law, the U.S. Securities and Exchange Commission (SEC) said on Tuesday. The regulator’s warning came in the form of a report on its investigation to assess whether nine companies that had been victims of cyber-related frauds… Read More
Must Read

Germany: Santander bank caught up in major tax evasion investigation

Prosecutors in Germany have launched a probe into the role Spanish bank Santander may have played in a widespread tax fraud scheme. The probe, which has seen the authorities examine the role of other banks, looks at allegations that Santander executed trades that facilitated ‘severe tax evasion’ between 2007 and… Read More

Denmark investigates Nordea Bank over money laundering allegation

Denmark’s state prosecutor has launched a probe into a complaint that Nordea Bank facilitated money laundering. The Danish State Prosecutor for Serious Economic and International Crime declined to name the firm that made the allegations, but said in a tweet: “We can confirm that we have received a report… Read More