From South Korea’s presidential scandal to Malaysia’s 1MDB fund, not many Asian countries have been able to avoid the smear
Cambodia is vulnerable to money laundering due to a cash-based dollarized economy, porous borders and poor oversight of casinos at border frontiers, according to the latest International Narcotics Control Strategy Report from the US State Department.
The overwhelming interest in PwC’s Forensics Summit held in Bangkok yesterday shows how seriously Thailand’s top companies are treating the threat of corruption and other financial crimes, said Vorapong Sutanont, PwC Consulting (Thailand) Forensics partner.
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.
The country’s anti-graft agencies assigned to investigate the Rolls-Royce bribery case will meet on Thursday to share information in the case and mull whether to take legal action against those involved in the bribery.
A graft watchdog says corruption is getting worse, not better, in military-ruled Thailand. The findings undercut a key pillar of the junta’s claim to legitimacy
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 ...
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 ...
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, ...
The Financial Conduct Authority (FCA) is being scrutinised by a government audit, alongside a number of other agencies focused on preventing scams and economic crime. According to the Financial Times the FCA is one of a ...
The United States has blacklisted nearly all Latin American countries for money laundering in 2017. InSight Crime explores why this is the case, and discusses some of the achievements and failings of regional anti-money-laundering efforts ...
Business pressure to weaken bribery laws and government’s inability to focus on non-Brexit issues are also concerns, says group.
Crime gangs are exploiting corruption at European borders to smuggle vast quantities of illicit goods, a new report warns.
As part of the EU, the UK has to adhere to the Anti-Money Laundering Directive which is looking at transparency of trusts – but not for much longer.
Three units of London-based Barclays Plc have been penalized by Australia’s securities regulator for failing to tell clients they didn’t hold local financial services licenses and instead were regulated overseas.