Sunday, March 7, 2021

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Police probes husband of Malaysian central bank’s former governor over 1MDB corruption

Malaysian police said on Wednesday it was investigating the husband of the country’s former central bank head for allegedly receiving funds linked to 1MDB, a state fund at the centre of a massive corruption scandal. Malaysian and U.S authorities have...

Malaysia fines Deloitte $80m over 1MDB corruption scandal

Deloitte PLT agreed to a 324-million ringgit ($80 million) settlement with the Malaysian government to resolve all claims related to the firm’s audit of 1MDB and its former unit SRC International between 2011-2014. The payout is the largest 1MDB-related settlement by...

Arrest warrant issued against Mexico’s former state governor, his daughter in money laundering case

A federal judge in Mexico has ordered the arrest of a former governor of the state of Nayarit over money laundering charges. The daughter of former Nayarit Governor Roberto Sandoval Castaneda was also included in the arrest order. Mexico's Attorney...

Guatemala seizes Ex-Panamanian president’s aircraft

An aircraft belonging to former Panamanian President Ricardo Martinelli was detained at Guatemala’s international airport by the local anti-narcotics prosecutor’s office at the request of U.S. authorities, Guatemalan authorities said late on Friday. The reasons for the United States requesting...

FIFA closes bribery case against German great Franz Beckenbauer after the statute of limitations expired

FIFA's ethics judges closed a bribery investigation against German great Franz Beckenbauer because a statute of limitations expired, soccer's world governing body said Thursday. Beckenbauer and other German officials who helped organize the 2006 World Cup had been subject to...

FATF keeps Pakistan on terrorism financing ‘grey list’

Global money-laundering watchdog the Financial Action Task Force (FATF) on Thursday said it would keep Pakistan on its terrorism financing “grey list”. FATF had placed Pakistan on its “grey list” of countries with inadequate controls over terrorism financing in 2018,...

Malaysia’s AmBank agrees to $700m settlement for role in 1MDB scandal

Malaysian banking group AMMB Holdings Berhad (AmBank) said on Friday it will pay the government 2.83 billion ringgit ($699 million) to settle claims linked to a massive financial scandal at state fund 1MDB, a hefty payment that is expected...

FATF adds Cayman Islands, Morocco, Burkina Faso, Senegal on watch list

Four jurisdictions, including the Cayman Islands and Morocco, will undergo increased monitoring as they face pressure from a global watchdog to address deficiencies in their anti-money-laundering efforts. The Financial Action Task Force, a Paris-based organization that sets anti-money-laundering law standards,...

Former Shell employees involved in fuel theft charged with bribery

Three former Shell Eastern Petroleum employees who are accused of being involved in a scheme to steal fuel from the petroleum giant’s Pulau Bukom refinery were charged in court on Tuesday (Feb 23) with corruption offences. The men are accused...

South Korea’s Samsung Heavy Industries to pay $149m to settle Brazilian bribery probe

South Korean shipbuilder Samsung Heavy Industries agreed to pay 812 million reais ($148.56 million) in a leniency deal with Brazilian authorities to settle corruption investigations, federal prosecutors said late on Monday. On its website, the prosecutor’s office said the deal...

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