Saturday, September 18, 2021

Europe

Prince Charles’ charity investigated over donations from Russian banker

A Scottish regulator said it was investigating one of Prince Charles' charities after a UK newspaper reported that a Russian banker had tried to donate a six-figure sum to the future king's foundation. The Sunday Times reported that Prince Charles...

German prosecutors raided finance, justice ministries in money laundering probe

German prosecutors raided the finance and justice ministries on Thursday as part of an investigation into the government’s anti-money laundering agency, putting a spotlight on Germany's failings in tackling financial crime. The probe into the Financial Intelligence Unit, an agency...

Armenia ex-Prosecutor General accused of bribery, embezzlement

The Special Investigation Service of Armenia has detained ex-Prosecutor General and the former head of the Investigative Committee Aghvan Hovsepyan. According to evidence obtained by the Special Investigation Service, Hovsepyan, while holding the position of the Prosecutor General from March 18,...

EY faces $1billion claim over audits for collapsed conglomerate Zeromax

EY’s Swiss practice is facing investor claims for giving clean audits to opaque conglomerate Zeromax for years before it collapsed, according to the Financial Times who first reported the news. Zeromax, whose crash in 2010 made it the second-largest bankruptcy...

Former EU commissioner John Dalli faces charges over bribery scandal

Former European commissioner John Dalli will face charges as part of a bribery scandal that resulted in his resignation from the Commission in 2012, the Times of Malta reported on Monday. Dalli will appear in court in Malta on September 17...

Telecom giant O2 under investigation over bribery allegations

Britain’s biggest mobile network, O2, is co-operating with the Serious Fraud Office over allegations of bribery, in an investigation that threatens to confirm long-standing suspicions of widespread corruption. The ongoing investigation was triggered after a management shake-up in 2017, The...

KPMG accused of giving regulator ‘false and misleading’ data about construction giant Carillion

A financial watchdog has accused accountancy firm KPMG and individuals of giving it "false and misleading" information about collapsed construction giant Carillion. It follows what the Financial Reporting Council (FRC) said was a routine check on the quality of KPMG's...

Maltese business tycoon Yorgen Fenech charged with money laundering

Yorgen Fenech has been charged with money laundering and the misappropriation of funds from a company he owns with his uncle Ray Fenech. Fenech, who is facing separate charges in which he is accused of masterminding the murder of journalist Daphne...

Malta fines Pilatus Bank €5m over ‘total disregard’ of money laundering rules

The Financial Intelligence Analysis Unit has imposed an administrative penalty of €4,975,500 on Pilatus Bank in view of the notorious – and now defunct – bank’s ‘total disregard’ towards the necessary safeguards against money laundering or the financing of...

Former Austrian vice-chancellor Heinz-Christian Strache convicted on corruption charges

The former vice-chancellor of Austria has been convicted of corruption, following the so-called "Ibizagate" scandal. Heinz-Christian Strache was found guilty of giving favours in exchange for donations to the far-right Austrian Freedom Party (FPÖ). The former FPÖ leader was given a...

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