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
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 ...
Image: nomination of Richard Cordray as CFPB director. Dodd Frank, the sweeping financial reform brought in after the 2008 financial crisis, is not beloved by Republicans. Numerous elements of the legislation have drawn criticism from the ...
The irony of revelations from the Global Laundromat scandal landing almost exactly a year on from the Panama Paper leaks is not lost on many readers. Clearly the lip-service to greater transparency that followed the financial leak ...
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, ...
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 ...
A Republican state senator from the Niagara Falls area and his predecessor pleaded not guilty on Thursday in a pair of schemes involving payments to a spouse and a former aide, the latest in a long line of corruption cases to emanate from New York State’s capital.
Cristina Kirchner ordered to stand trial for the first time in series of corruption and mismanagement cases
Argentina’s former president has been ordered to stand trial, in the first of several cases against the divisive ex-leader.
If you don’t think there is any corruption in Australian politics, then you have no need to worry about the millions of dollars’ worth of corporate donations to political parties.
Agricultural Bank of China (AgBank), the country’s third-biggest lender, said it will spend three years building an anti-money laundering (AML) centre to improve and centralize AML control, according to a statement circulated late on Thursday.