Monday, July 26, 2021

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Lori Loughlin, husband plead not guilty to fraud, money laundering

Actress Lori Loughlin and her husband are taking a hard pass on revisiting Boston any time soon, informing the judge presiding over their college admissions cheating cases they are waiving their right to appear for arraignment and are instead...

Nigeria: Court Orders Forfeiture of Property Traced to Former Minister of Petroleum Resources, Diezani in Money Laundering Case

The Economic and Financial Crimes Commission, Lagos Zonal Office, has secured the interim forfeiture of property linked to a former Minister of Petroleum Resources, Diezani Alison-Madueke, Donald Chidi Amangbo and Sequoyah Properties Limited. A Federal High Court sitting in Lagos,...

KPMG, EY probed by police for money laundering in Denmark

Denmark has reported the local operations of Ernst & Young (EY) and KPMG to the police amid a widening crackdown on money laundering in the country. EY is being investigated for failing to alert the authorities to red flags linked...

Brother of Vietnam’s richest man arrested for bribery

The brother of Vietnam's richest man was arrested for allegedly bribing officials in a telecoms scandal, the security ministry said Saturday, a shocking development as the communist state widens its crackdown on corruption. A conservative leadership that came to power...

Corrupt Chinese ‘king’ who took US$10 million in bribes jailed for 12 years

A former Chinese senior official who accepted more than 66 million yuan (US$9.8 million) in bribes has been sentenced to 12 years in prison and fined 4 million yuan. Handing down its verdict on Thursday, the Zhengzhou Intermediate People’s Court...

Council of Europe calls for cross border Europol team on money laundering

Council of Europe’s parliamentary assembly (PACE) has called on member states to set up a Europol Joint Investigation Team (JIT) that will investigate money laundering networks across borders. PACE has expressed its deep concern at the extent of money laundering...

Test-taking whiz in college admissions scam pleads guilty

Test-taking whiz Mark Riddell, 36 of Florida pleaded guilty Friday to acing the ACT and SAT exams in exchange for money in the ongoing college admission scam case. Riddell, who has been cooperating with authorities since February in the hopes...

Cayman amends regulator’s definition of money laundering

Cayman authorities have updated the definition of the term 'money laundering regulations' in the Monetary Authority Law to meet anti-money laundering requirements by the Caribbean Financial Action Task Force (CFATF). CFATF has recently published a critical evaluation of Cayman's anti-money...

Danske Bank auditor EY reported to fraud squad over 2014 report

Accountant EY's audit of scandal-hit Danske Bank came under scrutiny on Friday as Danish authorities asked the state prosecutor for financial fraud to investigate the matter. Danske Bank is under investigation in the United States, Denmark, Estonia, France and Britain...

Spain opens probe into €35m of Russian ‘money laundering’

Spanish prosecutors have opened a probe into allegations that €35m of suspicious Russian money was moved via Moldova, Ukraine, Lithuania, and Estonia to Spain to individuals of Russian and ex-Soviet Union origin to buy real estate, car parts construction...

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