11.15.18

Terror financing, money laundering and reforms

Prime Minister Imran Khan's warning that he may abolish the Federal Board of Revenue (FBR) is timely but not necessarily the answer to the dismal tax collection and massive evasion.



11.15.18

EU states back stronger money laundering monitoring of banks

European Union governments have reached a preliminary deal to clamp down on money-laundering by strengthening bank supervision, but do not address key loopholes, documents show.



11.15.18

Danske money laundering scandal is 'tip of iceberg', whistleblower's lawyer says

Danske Bank's (DANSKE.CO) 200 billion euro ($225 billion) money laundering scandal might be the "tip of the iceberg" and investigators should examine whether major Western banks played a role, a lawyer for the whistleblower said.



11.15.18

Australia becoming more corrupt, warns former judge

Australia is becoming more corrupt because successive federal governments have failed to create an effective national anti-corruption body similar to the NSW Independent Commission against Corruption, a leading jurist has argued.



11.15.18

Ethiopia jails ex-head of military company over corruption

Ethiopia has detained the former head of a large military-run industrial conglomerate, a day after the country's attorney general disclosed that several hundred million dollars was embezzled from the firm.



11.14.18

Goldman Sachs bankers 'cheated' Malaysia over 1MDB: PM Mahathir

Bankers at Goldman Sachs "cheated" Malaysia in dealings with state fund 1MDB, Prime Minister Mahathir Mohamad said, amid growing calls in the country for more aggressive steps to recoup fees earned by the bank.



11.14.18

A little corruption greases the wheels

Americans are an impatient lot. Given a choice between corrupt and incompetent, we're likely to choose corrupt. Both corrupt and incompetent is rarely popular.



11.14.18

New Progressive Petition Targets Potential Scope of Trump's Corruption

"The American people gave Democrats a mandate for oversight and accountability of the Trump administration. That starts with investigating Donald Trump's tax returns."



11.14.18

Jailed Shanghai Prosecutor Implicates 100 Officials in Corruption

The former top prosecutor of Shanghai who was sentenced last month to life imprisonment for a US$10 million bribery scheme has implicated some 100 officials linked to his corruption case, an anonymous source told the South China Morning Post this week.



11.14.18

'Is Pm Serious On Tackling Corruption?'

THE Minnis administration's silence on the FBI's investigation into alleged bribery at the Department of Immigration connected to a local US visa scam is casting doubt on its professed commitment to fighting corruption, former State Minister for Legal Affairs Damian Gomez said yesterday.



11.13.18

CYPRUS: New guidelines on shell companies improves anti-money laundering practices

It believes giving a specific definitions of shell companies will help eliminate suspicious transactions and further strengthen banks' anti-money-laundering (AML) practices.



11.13.18

Validity of cryptocurrencies in Islamic finance?

Unlike fiat money, a cryptocurrency is recognised only by members of a certain community or network who agree to regard it as something of value or as a medium of exchange.



11.13.18

Danske Laundromat Probe May Expand to Target Fateful Deal

Danish lawmakers want to find out whether the Estonian unit at the center of a massive money laundering scandal was used for illicit trades before it was bought by Danske Bank A/S more than a decade ago.



11.13.18

House Democrats May Investigate Alleged Trump Ties to Russian Money Laundering

Rep. Adam Schiff (D-Calif.), the incoming chairman of the House Intelligence Committee, has signaled plans to use his newly won subpoena power to aggressively investigate whether Russian interests laundered money through Donald Trump's businesses and used the connection as leverage over the president, a line of inquiry sure to enrage Trump.



11.13.18

Sanctions Not Money Laundering Seen as New Risk in Europe's East

Money laundering is so 2018. A major challenge for banks in eastern Europe next year will be steering clear of geopolitical fallout.



11.12.18

The US Border Patrol's last hiring surge invited a rise in corruption. Now it's hiring again

Toward the end of September, Ramon Antonio Monreal Rodriguez obtained $650,000 worth of cocaine from smugglers along the Arizona border.



11.12.18

FATF Guidelines Updated to Combat Money-Laundering and Terrorism Financing in Europe

Regulation has been a major talking point in the cryptocurrency sphere in 2018 - mainly due to the monumental crypto-craze in 2017.



11.12.18

Corruption can be found even at ACC: NBR chairman

Various types of corruption of the anti-graft body could be found if anyone looks into its affairs objectively, said National Board of Revenue (NBR) Chairman Md Mosharaff Hossain Bhuiyan yesterday.



11.12.18

PenCom moves against using pension accounts for money laundering

As part of the efforts to prevent workers from using their pension accounts for money laundering, operators will begin to investigate workers who make voluntary contributions of N5m and above into their Retirement Savings Accounts.



11.12.18

Money laundering case: JIT seeks five-year record of Sindh uplift projects

A Joint Investigation Team (JIT) formed by the Supreme Court (SC) to probe an ongoing money laundering case on Sunday summoned details of annual development projects for the last five years from the Sindh government.



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