Wednesday, December 7, 2022

financial crime

HSBC Malta slapped with €82,000 fine by money laundering watchdog

The Financial Intelligence Analysis Unit (FIAU) has fined HSBC €82,000 for violating local anti-money-laundering laws. In an online notice, the FIAU explained that the bank failed to document the justification for a €2 million transaction by one of its clients. While...

Airbus Settles Kazakhstan, Libya Bribery Probes with €16M Fine

Airbus and French financial prosecutors last week settled a bribery case in Libya and Kazakhstan, with the aerospace corporation agreeing to pay a fine of €15.9 million ($16.5 million). The settlement comes as an extension to a record €3.6 billion...

Ex-Miami US Rep. David Rivera arrested in Venezuela probe

A former Miami congressman who signed a $50 million consulting contract with Venezuela’s socialist government was arrested Monday on charges of money laundering and representing a foreign government without registering. David Rivera, a Republican who has been marred by scandals stretching back...

London: Members of organised criminal gang jailed for more than 14 years for frauds totaling £857,000

Members of an organised criminal group (OCG) which committed high value frauds have been jailed for a total of 14 years and 7 months. Gang leader Sebahattin Yildirim, 54, formerly of Inverness Mews, London, E16, who is referred to as...

Tokyo prosecutors raid ad giant Dentsu as Olympics bribery scandal widens

Tokyo prosecutors raided the headquarters of ad agency Dentsu Inc and an events company on Friday, part of a widening scandal into corruption during the Tokyo 2020 Olympics. The companies are being investigated on suspicion of rigging bids for contracts...

French McKinsey Probe Widens to Include Campaign Financing

French prosecutors have opened probes into the role played by consulting firms in France’s 2017 and 2022 presidential elections, widening an existing investigation into consulting firm McKinsey & Co. Earlier this year, French financial prosecutors opened a tax-fraud and money-laundering...

Slovakia central bank governor Kazimir faces renewed bribery charges

The head of Slovakia's central bank, Peter Kazimir, is facing bribery charges for a second time. Prosecutors had earlier dropped charges over the alleged bribe, which goes back to when he was a finance minister. He has condemned the allegation and...

Malawi Vice President Arrested Over $280,000 Bribery Claims

Malawi has arrested its Vice President Saulos Chilima and charged him with graft over a bribery scandal involving a British-Malawian businessman, the country’s anti-corruption watchdog said. The president’s deputy — who has been stripped of his powers — has been...

Barclays to Handover Tainted £54 Million to UK Crime Agency

Barclays Plc’s UK unit must hand over about $54 million it suspects has links to crime or money laundering to the National Crime Agency, a London court ruled. The Friday decision came after the NCA’s request to recover the money....

Ex-Ohio House speaker wants state official’s bribe omitted from his corruption trial

Ohio’s former House Speaker doesn’t want his public corruption trial to include evidence of bribery allegations against another former top state official. Federal prosecutors and former GOP House speaker Larry Householder both filed motions in court last week seeking to...

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HSBC Malta slapped with €82,000 fine by money laundering watchdog

The Financial Intelligence Analysis Unit (FIAU) has fined HSBC €82,000 for violating local anti-money-laundering laws. In an online notice, the...