Thursday, October 28, 2021

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European lawmakers say EU needs financial police, money-laundering watchdog

Members of the European Parliament issued a report on Wednesday saying that the European Union should have its own police force to investigate tax evasion and financial crime, as well as set up a watchdog to counter money-laundering, according...

Most Crypto Exchanges Still Don’t Have Clear KYC Policies: Report

The crypto exchange industry may be far less compliant than it appears. As revealed exclusively to CoinDesk, a global study of 216 exchanges by the reg-tech startup Coinfirm found 69 percent of these businesses do not have “complete and...

Police Most Corrupt Institution in Nigeria

A new public survey released Tuesday by the Socio-Economic Rights and Accountability Project (SERAP) reports high levels of corruption in public institutions in Nigeria for the past 5 years. Of the five major public institutions surveyed, the police emerged...

Swedbank’s Leak Link Suspicious Payments to Manafort-linked Company

A shell company seen as a tool for bribing Ukraine’s runaway president Viktor Yanukovych appears to have made payments to a firm that transferred money to Donald Trump’s former campaign manager, Paul Manafort, reporters of a Swedish broadcaster found after digging...

China’s former Internet regulator jailed 14 years for bribery

A Chinese court on Tuesday (March 26) jailed the former chief internet regulator, Lu Wei, for 14 years, having found the once influential official guilty of taking bribes worth almost US$5 million. Lu, one of numerous senior officials caught up in...

Ex-Hong Kong minister Patrick Ho gets 3 three years in jail for bribery

Disgraced former Hong Kong minister Patrick Ho Chi-ping is expected to be sent to a minimum security prison after a US court sentenced him to three years in jail and fined him US$400,000 (HK$3.1 million) over a multimillion-dollar bribery...

Yale rescinds admission of student in bribery scandal

Yale University has rescinded the admission of a student linked to a national bribery scandal School spokesman Tom Conroy said in an email Monday that an investigation resulted in the decision to rescind the admission of a single student. He...

Malta fails its first Moneyval aml test

Malta’s anti-money laundering regime received a poor grade in a draft Moneyval evaluation, with the government now scrambling to push up its final score before the summer deadline. The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and...

ING Italy investigated over alleged money laundering

Prosecutors in Milan have begun a formal investigation into alleged money laundering involving Dutch bank ING Groep NV’s Italian business, a source close to the matter said. ING had no immediate comment on Tuesday on the investigation, which was launched...

Nigeria: EFCC declares ex-NIA DG, Oke, wife wanted in N13bn money laundering

The Economic and Financial Crimes Commission has declared a former Director-General of the National Intelligence Agency, Amb. Ayodele Oke and his wife, Folasade, wanted for failing to appear in court to answer for the N13 billion money laundering charges...

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