11.17.18

'El Chapo' Defense Puts Spotlight on Alleged Mexico Corruption

Defense lawyers for former Sinaloa Cartel kingpin "El Chapo" have alleged that two of Mexico's presidents accepted millions of dollars in bribes - unverified accusations that are hotly denied, but which put Mexico's government in an uncomfortable position and are likely to become a recurring theme during the trial.



11.17.18

EU on Corruption: Romania "Backtracks," Bulgaria Progresses

The European Commission castigated Romania for regressing in its anti-graft reforms, but generally praised Bulgaria for meeting its commitments in two separate annual reports on the administration of justice released Tuesday.



11.17.18

Only Criminals Can Clean Up Argentina's Corruption

In August, Argentina's leading newspaper, La Naci?n, published an explosive report on public corruption.



11.17.18

Man, 45, and woman, 44, arrested in connection with money laundering of HK$620 million

A Hong Kong bank account was found to have been used to collect and launder HK$620 million (US$79.1 million) taken in scams in seven months this year, police said on Tuesday following the arrest of a local businessman and his female business partner.



11.17.18

Taiwan Seeks Jump From Worst to First in Anti-Money Laundering

Officials in Taiwan hoping that international monitors will this week upgrade its rating for anti-money laundering may have to thank one of its worst corporate scandals of the past decade for the achievement.



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.



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