Saturday, September 19, 2020

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Panama governor Erick Martelo arrested for trafficking 79 drug parcels

Police in Panama says they have detained two Panamanian nationals who were travelling in a car carrying 79 packets of illegal drugs. Local media have identified one of the detained as the governor of Guna Yala, Erick Martelo. He has...

Former Shaanxi vice governor gets 13 years in prison for bribery

Chen Guoqiang, former vice governor of northwest China's Shaanxi Province, was on Tuesday sentenced by a local court in north China's Tianjin Municipality to 13 years in prison for accepting bribes. Chen was fined 3 million yuan (US$439,000), according to...

Australia’s Austrac fines State Street bank $1.24 million over anti-money laundering breaches

The Australian arm of a global bank is the latest financial institution to be fined for breaching anti-money laundering laws. The US-based State Street bank has been hit with a $1.24 million infringement notice for failing to declare international transfer...

Pakistani court issues non-bailable arrest warrant for former PM Nawaz Sharif

A top court in Pakistan on Tuesday issued an arrest warrant for the country’s ailing former Prime Minister Nawaz Sharif after he failed to return home to appear before judges to face corruption charges. The development came after the Islamabad...

Kenya: Garissa county governor Ali Korane arrested over corruption charges

Garissa Governor Ali Korane and four county government officials have spent police custody and are expected to be arraigned in court for graft charges. Korane is set to be charged over alleged of Ksh.233 million World Bank grant but the...

Hong Kong crime family arrested for laundering $387 million

Hong Kong customs has arrested five members of a family accused of laundering more than HK$3 billion (US$387 million) through over 100 personal bank accounts, along with the owner of a money exchange business, in the biggest case of...

Brazil’s former president Lula da Silva faces new corruption charges in “car wash” probe

Prosecutors in Brazil’s sprawling Car Wash corruption investigation on Monday charged former President Luiz Inácio Lula da Silva with money laundering, less than a year after the country’s top court ordered him freed from jail while he appealed his...

Former SNC-Lavalin executive convicted for fraud forfeits $4 million assets

A former SNC-Lavalin executive who was convicted on corruption and fraud charges last year has had over $4 million in assets seized by a Quebec Superior Court judge, including a million-dollar property in Florida. Sami Bebawi, who was sentenced in January to...

Ex-Iranian judiciary official sentenced to 31 years for over bribery network

Iran said Saturday it condemned a former top judiciary official to 31 years in prison for corruption, one of the heaviest sentences against a former official in the Islamic republic. Akbar Tabari received the jail term after being convicted of...

Switzerland agrees to return laundered Uzbekistan’s funds

Switzerland said Friday it has agreed in principle with Uzbekistan on the terms under which money seized as part of a money-laundering investigation against the eldest daughter of former Uzbek President Islam Karimov will be returned to the Central...

Latest News

Grenke threatens legal action against short seller over alleged fraud, money laundering

German financial services provider Grenke said Thursday that it’s considering taking legal action against a short seller that published a damning report on the firm. Fraser Perring of...

Similarities and Differences between US FCPA and UK Bribery Act

While more governments around the world are enacting new legislation to combat corruption, two laws still stand above the rest in familiarity and scope:...

Explainer: How Nigerian Instagram celebrity Hushpuppi laundered U.S. unemployment benefits

Fresh evidence from the Federal Bureau of Investigations (FBI) has revealed how Ramon Abbas, popularly called Hushpuppi, a Nigerian Instagram sensation, was involved in...

Three Croatian MPs stripped of immunity to allow investigation into alleged corruption

The Croatian parliament stripped three MPs of immunity from prosecution on Friday, approving the initiation of criminal proceedings, deprivation of liberty and pre-trial detention...
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