Thursday, October 28, 2021

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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...

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,...

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...

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