Saturday, June 19, 2021

News

Court approves settlement of money-laundering charges against Commonwealth Bank of Australia

Commonwealth Bank of Australia on Wednesday said the Federal Court had approved a settlement agreement to civil proceedings related to money laundering charges, closing a chapter that has cost the bank A$700 million (393.5 million pounds) in penalties. The proceedings...

Spain’s King Felipe VI brother-in-law reports to jail after conviction for corruption

Inaki Urdangarin, the brother-in-law of Spain’s King Felipe VI, entered jail on Monday to serve a sentence of five years and 10 months after he was convicted last year in a corruption trial on counts including fraud and influence...

Bank of Latvia governor faces prosecution in bribery case

Latvia’s anti-corruption body on Monday asked prosecutors to launch a prosecution against a Bank of Latvia official following a bribery investigation into governor Ilmars Rimsevics. The Corruption Prevention and Combating Bureau (KNAB) said in a statement it had “sent...

Former Arkansas senator jailed in fraud case

Former state senator Jake Files was sentenced Monday to 18 months in federal prison and was ordered to pay more than $83,000 in restitution on wire fraud, bank fraud and money laundering charges. Files pleaded guilty in January to wire...

Former Allen County sheriff Samuel Crish indicted for bribery

More than a year after former Allen County Sheriff Samuel A. Crish resigned, he walked into a federal courtroom Monday handcuffed and escorted by U.S. Marshals. Mr. Crish, 54, formerly of Delphos, Ohio, pleaded not guilty to three counts of...

EU starts open probe into Malta anti-money laundering agency over Pilatus bank

The European Banking Authority has opened a formal investigation into “shortcomings” over how Malta’s Financial Intelligence Analysis Unit (FIAU) enforced anti-money laundering rules at Pilatus bank. Malta’s regulators imposed a freeze on the business of Pilatus Bank in March after...

Former Ito Mayor Tsukuda in central Japan arrested for bribery

Police raided the home of Hiromi Tsukuda, the former mayor of Ito, Shizuoka Prefecture, on Sunday after arresting him the previous day on suspicion of bribery in connection with land purchased by the municipality. Also arrested Saturday were Keijiro Mori,...

Ghana’s Senior Soccer Brass Caught on Tape in Bribery Scandal

Senior officers of the revered Ghana Football Soccer Association who took fat wads of cash to influence player selection in the national team became the unwitting stars of a new documentary by Ghana’s number one investigative journalist. The film...

China’s Former Top Insurance Regulator admits to $3million bribes

On June 14, Xiang Junbo, former chairman of the China Insurance Regulatory Commission (CIRC), pleaded guilty to taking bribes worth over 19.4 million yuan ($3.03 million) during his trial at the Changzhou Intermediate People’s Court of Jiangsu Province, according to...

Ex-Detroit police officer sentenced to 2 years prison in bribery case

A former Detroit police officer is headed to prison for two years and two months after pleading guilty to extortion. Charles Wills, 53, admitted to accepting bribes from an auto collision shop in exchange for arranging stolen and abandoned vehicles recovered...

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