Thursday, October 28, 2021

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List of country first lady accused of corruption

Sara Netanyahu, wife of the Israeli prime minister, has long been plagued by allegations of living a lavish lifestyle with the taxpayers’ money, and squabbling with staff and meddling in state affairs. She’s now charged with a series of...

How to Use Data to Fight Money Laundering and Terrorism Financing

The increased severity of domestic security breaches due to terrorist threats and cyber crime poses a strategic challenge for federal and state security services. The strengthening of human resources, now widely deployed around the world, is not enough to...

Former Clinton Township trustee found guilty in corruption case

A jury has found a former Clinton Township trustee guilty on fourteen bribery charges in a “pay-to-play” public corruption case. Dean Reynolds was the first person indicted in what quickly became a slew of cases resulting from an FBI public corruption investigation...

Irvin Mayfield, Ronald Markham face new wire fraud, money laundering charges

The federal government has filed four new charges of wire fraud and money laundering against Grammy-winning New Orleans trumpeter Irvin Mayfield and his longtime friend and business partner Ronald Markham, alleging they transferred an additional $140,000 from public library...

Martin Shain, energy consultant, pleads guilty in tax credit bribery scheme

A Seattle energy consultant pleaded guilty Wednesday to tax evasion and fraud charges in connection with a tax credit brokering scheme he masterminded with the help of an Oregon Department of Energy manager. Martin Shain pleaded guilty in U.S. District...

Former Romanian senator and minister gets three years prison for bribery

Former Romanian senator Dan Sova, who also served as a transport minister in the Victor Ponta cabinet, was sentenced to three years in jail, no parole, for influence peddling and bribery. The High Court’s decision is final and Sova turned...

Karachi court indicts Axact CEO in money laundering case

An additional district and sessions court on Wednesday indicted Axact chief executive Shoaib Shaikh and others in a multi-million money laundering case. District and Sessions judge (South), during a hearing of the case earlier today, announced the indictment. Along with...

South Korea’s Bithumb loses $31.5m worth of virtual coins in cryptocurrency heist

The South Korean cryptocurrency exchange Bithumb said 35bn won ($31.5m) worth of virtual coins were stolen by hackers, the second local exchange targeted in just over a week as cyber thieves exposed the high risks of trading the digital...

Commonwealth Bank fined $700m over anti-money laundering breaches

The Commonwealth Bank has 28 days to pay a $700 million fine imposed by the Federal Court over legal breaches that enabled criminals to launder money through its ATMs. CBA has admitted to breaking laws designed to stop money laundering...

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...

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