Saudi Arabia’s foreign minister urged the international community to slap fresh sanctions on Iran for its alleged support of terrorism.
A substantial number of compliance officers (about 44 per cent) lack confidence in the anti-money laundering (AML) programmes of their organisations, according to a new report.
Mr Jammeh, thought to now be in Equatorial Guinea, is not the first leader accused of lining his own pockets with state funds. In fact, many have taken far more. Here are some of the worst offenders.
A sexual harassment lawsuit directed at its general manager; a whistle-blower discrimination claim by an ousted compliance officer; a US$215 million fine for failure to check money laundering involving Russia, Yemen and Afghanistan.
A gambling firm which failed to conduct important anti-money laundering checks on a customer whose deposits eventually reached £750,000 has been fined £2 million by the Gambling Commission. The watchdog said 32Red should have reviewed the ...
Sanctions, whether targeted or comprehensive, are designed to restrict and influence governments from supporting bad actors. Yet with every expansion to these programs, sanctioned entities appear bolder in their efforts and creativity to evade. In 2017, OFAC ...
The dramatic events surrounding the fraudulent transfer of hundreds of millions of dollars from Angola to London involving top British banks have the elements of a gripping movie. There’s news of VIP meetings, midnight flights on ...
The former chief executive of the failed Anglo Irish Bank, David Drumm, was sentenced on Wednesday to six years in prison for false accounting and for conspiring to defraud depositors and investors during Ireland’s banking ...
Denmark’s new business minister has signalled he will take a tough line on the country’s largest lender Danske Bank, describing
The European Union’s banking watchdog has proposed tighter rules for lenders that want to outsource essential operations such as IT,
Former tennis champion Boris Becker said on Sunday he has a genuine diplomatic passport from the Central African Republic after
AP — Hey Alexa, what’s my bank account balance? Big banks and financial companies have started to offer banking through