North Korea continues to evade UN sanctions designed to prevent its weapons of mass destruction (WMD) development by embedding its agents and intermediaries within the international trading system, according to the latest assessment of the UN Panel of Experts set up to monitor North Korean compliance with international sanctions.
Coutts, owned by Royal Bank of Scotland, allowed a total of $2.4bn worth of assets related to the Malaysian development fund to flow through accounts in Switzerland.
Yeo Jiawei, accused of money laundering, used a Seychelles-based company for a series of purchases in the Australian tourist town.
A former Sabah Water Department director, his wife and his former deputy were slapped with 34 money laundering charges involving RM61.4mil in what the Malaysian Anti Corruption Commission is calling the nation’s biggest graft probe so far.
A diplomatic cable said an investigation into mysterious $700m found in Najib Razak’s bank account had not absolved him of corruption
Standard Chartered Singapore and Coutts & Co were on Friday (Dec 2) fined S$5.2 million and S$2.4 million, respectively, by the Monetary Authority of Singapore for breaches of anti-money laundering (AML) requirements that occurred in the context of 1MDB-related fund flows.
Malaysia’s prime minister Najib Razak has one thing to be grateful for: His onetime golfing partner is the next president of the United States, whose justice department happens to be pursuing that very same corruption case.
Taiwan has expressed its “stern opposition” to Malaysia’s deportation of 21 Taiwanese suspected of multi-million dollar telecoms fraud to China.
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.