12th June 2018
AP — Vietnamese legislators on Tuesday passed a contentious cybersecurity law, which critics say will hurt the economy and further restrict freedom of expression. The law requires service providers such as Google and Facebook to store user data in Vietnam, open offices in the country and remove… Read More
24th January 2018
U.S. Defense Secretary Jim Mattis praised Vietnam on Wednesday for adhering to sanctions against North Korea, saying at the start of a two-day visit to Hanoi that its leadership on the issue came despite the costs associated with lost trade. “I have to pay my respects there and thank… Read More
26th December 2017
Vietnamese businessman Trinh Xuan Thanh has been charged with corruption in his home country along with 22 oil executives. His alleged kidnapping in Berlin by Vietnamese security forces sparked diplomatic tensions. State prosecutors in Vietnam announced on Tuesday that several high-ranking oil executives had been charged with corruption and wrongdoing… Read More
27th October 2017
VN Express Revisions to Vietnam’s Penal Code will abolish the maximum penalty of life imprisonment for a number of serious crimes including bribery and property embezzlement from next year. Giving bribes worth over VND300 million ($13,200) used to carry death penalty until revisions were made in 2009 that commuted the… Read More
7th August 2017
Last week’s downfall of oil and banking execs could mean Vietnam’s leadership is pointing both barrels at graft. In a country where many anti-corruption measures have been dismissed as window dressing, back-to-back critical developments in a week appear to exhibit the political will of Vietnam’s higher echelons to restore… Read More
6th July 2017
The Boston engineering company that paid $4 million last week to settle FCPA offenses in India was also sanctioned by the World Bank Thursday for failing to disclose a subcontract on a project in Vietnam. The World Bank “conditionally non-debarred” CDM Smith Inc. and its affiliates for one and a… Read More
24th May 2017
One in five banks in the Asia Pacific expects tax evasion in 2017 to increase 100 to 500 per cent over last year’s levels according to a recent poll by data analytics firm Fico. A further one in five senior fraud managers surveyed said they expect the increase to be… Read More
14th April 2017
The World Bank Group announced the debarment of Consia Consultants ApS for 14 years for fraud and corruption. Consia’s Managing Director was also debarred for three and a half years. The World Bank’s Integrity Vice Presidency said in a statement that it found evidence that Denmark-based Consia “made payments to… Read More
14th March 2017
From South Korea’s presidential scandal to Malaysia’s 1MDB fund, not many Asian countries have been able to avoid the smear of corruption. But just how pervasive is the problem across the continent? An 18-month long survey by Transparency International reveals there is much work to be done. After talking to… Read More
8th March 2017
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. Read More
Must Read

Germany: Santander bank caught up in major tax evasion investigation

Prosecutors in Germany have launched a probe into the role Spanish bank Santander may have played in a widespread tax fraud scheme. The probe, which has seen the authorities examine the role of other banks, looks at allegations that Santander executed trades that facilitated ‘severe tax evasion’ between 2007 and… Read More

Denmark investigates Nordea Bank over money laundering allegation

Denmark’s state prosecutor has launched a probe into a complaint that Nordea Bank facilitated money laundering. The Danish State Prosecutor for Serious Economic and International Crime declined to name the firm that made the allegations, but said in a tweet: “We can confirm that we have received a report… Read More