Swiss federal prosecutors have opened a criminal investigation into whether the private bank Lombard Odier failed to prevent money laundering, they said on Thursday.
A few weeks ago one of the world’s richest men was arrested for interrogation in Tel Aviv following an investigation in which the Israeli police drew on the support of criminal justice authorities in the U.S., France and Switzerland. The Republic of Guinea was proud to have played its own part in supporting Israel’s investigation.
Swiss engineering company ABB is under investigation by the Serious Fraud Office. Officials suspect the company’s UK operations of bribery and corruption, which the SFO said relates to their ongoing investigation into energy industry firm Unaoil.
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.
A former Bank of America employee has been cleared by a Swiss court of money laundering charges in connection with the collapsed Parmalat dairy scandal. The accused was set free after being found guilty of falsifying documents and being fined.
In an effort to alleviate growing concerns about the facility, a group of Geneva based art dealers and lawyers recently formed the Responsible Art Market (“RAM”) initiative. The first organisation of its kind, RAM aims to inform professionals in the art world about the financial crime risks faced by the industry.
Three men have been sentenced to more than seven years in jail after being found guilty for their part in an arrangement to launder more than half a million pounds.
The change of administration at the White House has led to speculation about the possible lifting of US sanctions against Russia over its incursion into Crimea.
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.