Featured Governmental

UK vows crackdown on tax evasion, offshore scams, sets £2 billion target

Britain will seek to boost its efforts to combat tax evasion and avoidance at home and offshore by launching measures that could raise billions for the Treasury, Chancellor Philip Hammond said in his Budget speech. Over the years, HMRC has announced various plans to tackle tax evasion and avoidance, and… Read More

US: $10 million reward for info on Mexico’s ‘most wanted drug lord’

The United States has doubled its offer of a reward for information leading to the arrest of El Mencho, the alleged leader of Mexico’s notorious Jalisco New Generation Cartel (Cartel Jalisco Nueva Generacion – CJNG). The US is now prepared to pay out $10 million, up from the $5 million… Read More

UK gambling: Paddy Power Betfair gets £2 million penalty over money laundering, KYC

The Gambling Commission has penalised Paddy Power Betfair (PPB) for failing to conduct adequate anti-money laundering checks and protect customers, as well as for allowing clients to gamble ‘significant’ sums of stolen money on its betting exchange. PPB will pay a penalty package of £2.2m, the Commission said, after… Read More
15th November 2018
Britain’s Secretary of State for Exiting the European Union, Dominic Raab, resigned on Thursday, the morning after the government and EU announced a draft Brexit deal had been reached. “I regret to say that, following the Cabinet meeting yesterday on the Brexit deal, I must resign,” Raab reportedly said,… Read More
7th November 2018
AP — Chinese authorities have begun deploying a new surveillance tool: “gait recognition” software that uses people’s body shapes and how they walk to identify them, even when their faces are hidden from cameras. Already used by police on the streets of Beijing and Shanghai, “gait… Read More
6th November 2018
AP — Donald Tusk, the head of the European Council, strongly defended his actions as Poland’s former prime minister during questioning Monday into a pyramid scheme that cheated thousands of Poles out of their savings. In an emotional moment during the seven-hour hearing, which was televised… Read More
1st November 2018
AP – Saudi journalist Jamal Khashoggi was strangled as soon as he entered the Saudi Consulate in Istanbul as part of a premeditated killing, and his body was dismembered before it was removed, a top Turkish prosecutor said Wednesday. Chief Istanbul prosecutor Irfan Fidan’s office also… Read More
31st October 2018
The United Arab Emirates has passed a law to combat money laundering and terrorism financing, it said on Tuesday, as it aims to bring its rules into line with international standards on combating illicit money flows. The law, which is in line with the requirements and recommendations of the Financial… Read More
30th October 2018
Britain will seek to boost its efforts to combat tax evasion and avoidance at home and offshore by launching measures that could raise billions for the Treasury, Chancellor Philip Hammond said in his Budget speech. Over the years, HMRC has announced various plans to tackle tax evasion and avoidance, and… Read More
30th October 2018
AP — Angela Merkel set off Monday on what could be a three-year countdown to the end of her leadership of Germany, a stint that has made her the European Union’s longest-serving leader and a key figure in facing the continent’s many crises. Merkel announced that… Read More
29th October 2018
Far-right lawmaker Jair Bolsonaro won Brazil’s presidential election on Sunday, promising to clean up politics, shrink the state and crack down on crime, in a dramatic swing away from the left in the world’s fourth-largest democracy. The former army captain, with close ties to the military, has alarmed many with… Read More
25th October 2018
AP — Russian President Vladimir Putin and Italian Prime Minister Giuseppe Conte pledged Wednesday to boost economic ties between their countries despite European Union sanctions against Russia. They also agreed to pool efforts to help settle the political crisis in Libya. Making his first trip to… Read More
25th October 2018
AP — A telecommunications company faces a potential $63 million fine for misusing government money meant to help low-income people get phone and internet service and instead spending it on a yacht and private jet, federal regulators said. The Federal Communications Commission accused Toledo-based American Broadband and Telecommunications Co. Read More
Must Read

EU states still divided over money laundering reform – sources

European Union states are still divided over an overhaul of rules for the supervision of banks against money laundering, two EU sources said on Wednesday. EU confidential documents show countries had agreed a preliminary common stance on the reform proposed by the European Commission in September which would give more… Read More

Former UBS trader jailed for Britain’s biggest fraud deported

Kweku Adoboli, a former UBS trader jailed for Britain’s biggest fraud over unauthorised trades that cost the Swiss bank $2.3 billion (1.7 billion pounds), has been deported to Ghana, his spokesman said. Adoboli was put on a commercial flight from Heathrow on Wednesday after being detained in Scotland earlier in… Read More