Mexico’s banking regulator on Wednesday confirmed that a thorough audit of InvestaBank found no evidence of money laundering by one
The international community loses hundreds of billions of dollars every year due to trade-based money laundering, says a US report which identifies China, Russia, Mexico and India as the top four sources of illicit financial outflows.
Stefan Cassella of Asset Forfeiture Law, LLC comments on US v Rains, which evaluated the definition of ‘excessive’ forfeiture of property in
Look to your right: There’s the Pillar of Light, a towering monument shaped like a vanilla wafer cookie. A company was allegedly allowed to overcharge the equivalent of millions of dollars for steel used in its construction.
Dutch lawyers and rights activists Thursday filed a criminal complaint against Rabobank accusing the lender of complicity in money-laundering by Mexican drug cartels and urging prosecutors to investigate.
The Securities and Exchange Commission and the Department of Justice jointly fined Teva Pharmaceutical Industries Limited TEVA, +1.48% the largest generic drug manufacturer in the world, $519 million on Thursday to settle parallel civil and criminal charges that it allegedly violated the Foreign Corrupt Practices Act when it paid bribes to foreign government officials in Russia, Ukraine, and Mexico between 2002 and 2012.
Corruption is so endemic it has generated a vocabulary of its own. A new book, the Corrupcionario Mexicano, hopes to make people stop seeing it as normal.
Mexico: Javier Duarte De Ochoa, Mexican Governor, Missing After Accused Of Money Laundering For Drug Cartels
Mexican officials are scrambling to find former governor of Veracruz Javier Duarte de Ochoa. It is being reported that the
In a cover story for Dawn, Pakistan's leading English-language newspaper, journalist Khurram Husain writes that money laundering has become central to the normal functioning of the country's economy. Speaking to Amos Wittenberg, Khurram explains how this came ...
As regulatory compliance initiatives move toward utilizing machine learning and artificial intelligence (AI), what effect might the increased efficacy of AML programs have on developing nations and small financial players without large compliance budgets? More ...
Scrapping the Serious Fraud Office is a huge step backwards in the UK’s fight against financial crime
In its manifesto, released yesterday, the Conservative Party pledged to abolish the Serious Fraud Office (SFO) as an independent agency, instead merging it with the much larger National Crime Agency (NCA): 'We will strengthen Britain’s response ...
Barrister & leading financial crime investigator Tom Devlin offers practical guidance on creating a watertight and cost effective compliance regime. He looks at systems, employee training and continuing professional development, and the critical but often overlooked issue of corporate ...
On 3rd April 2017, the UK Treasury gained access to new penalties for individuals and firms that breach UK financial sanctions. Under the new rules, any persons deemed to have been involved in serious breaches after the ...
Senator Chiz Escudero has urged the Senate to approve amendments to the Anti-Money Laundering Act (AMLA) that places casinos within
Syria and Venezuela plotted in recent years to evade international sanctions on Syria through a secret deal to transport its
A major reform of the Dodd-Frank Act moved towards expected passage in the House Wednesday during a hearing on the
White House economic adviser Gary Cohn says President Donald Trump is “looking at” the future of U.S. sanctions on Russia.