Global in-flight connectivity provider Panasonic Avionics of California is the subject of a U.S. corruption and securities probe, parent company Panasonic Corp. of Japan disclosed Feb. 2.
The World Economic Forum has released its 2017 “Inclusive Growth and Development Report” — a major look into how nations around the world can best ensure that their businesses and institutions function as efficiently as possible.
The Treasury Department targeted three members of a Japanese organized crime network for their connections to United States-based money-laundering and illegal drug sales, it announced Friday.
Bank of Tokyo-Mitsubishi UFJ, Japan’s biggest lender, will join foreign peers in using advanced technology to spot illegal activity, sources
Japan: Olympus denies bribery, says China unit’s wining, dining of customs official an ‘internal control’ matter
Olympus Corp. said Monday its group firm in China was involved in wining and dining a customs official as well
Japanese police are investigating a nationwide ATM heist after nearly 1.4 billion yen was illegally withdrawn from 1,400 cash machines in the space of two hours.
Bungs and secret bank accounts; shadowy figures on the take and make; the bidding process for major sporting events shown to be as transparent as an oil slick. The script might appear stale given the numerous tales of scandals and scoundrels at Fifa and the IAAF, the global guardians of football and athletics respectively, in recent years. But now there is a fresh and intriguing twist.
Japan’s financial regulator is stepping up oversight of its biggest banks while stopping well short of imposing the type of intrusive stress tests that have been adopted in the U.S. and Europe.
A working group under the Financial System Council has compiled a draft proposal on regulations for virtual currencies that are
An investment fund can be utilised by those seeking to launder money. Investment funds are particularly suitable for money laundering where a large sum of illicit money is already within the financial system.
It is a precarious victory that Romania's 500,000 protesters earned last week, and it is characteristic of current public sentiment that there have been no celebrations. There is widespread distrust of the government, partly due ...
This is the transcript of a speech given by John Griffith Jones, Chairman at the UK's Financial Conduct Authority, to MBA students at Cambridge Judge Business School. It is republished here with the FCA's permission. Thank you ...
The fallout from a massive bribery scandal that helped to bring down a Brazilian president is spreading across Latin America, threatening to engulf leaders from Panama to Peru. The workings of a secret “bribery department” at ...
Serious and organised crime costs the UK £24bn annually, and threatens the safety of the British public. Accountants form a crucial part of the front line when it comes to spotting suspicious financial activity and ...
HSBC has cut the pay package of its top executives in 2016 after Britain’s biggest bank failed to meet demands by US regulators that it toughen up its defences against financial crime.
On 17 January 2017, at Southwark Crown Court, Lord Justice Leveson approved a deferred prosecution agreement (“DPA”) between the Serious Fraud Office (“SFO”), and Rolls-Royce Plc and Rolls-Royce Energy System Inc (“Rolls-Royce”). The third DPA agreed by the SFO has led some to wonder whether DPAs have finally come of age as a weapon the SFO’s enforcement arsenal.
In late November, Jay Clayton was called by a longtime client seeking advice for how the Trump administration should tackle scaling back rules on Wall Street.
European Supervisory Authorities warn on money laundering and terrorist financing risks affecting the EU financial sector
The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) published today a joint Opinion addressed to the European Commission on the risks of money laundering (ML) and terrorist financing (TF) affecting the European Union’s financial sector.