10.29.18

How UAE became the least corrupt nation in Arab world

As world economies crumbled amid the global recession of 2008, the UAE was among the first to spring into action. Various probes unravelled financial irregularities committed by unscrupulous businessmen and employees.



10.29.18

Pakistan's 'penniless billionaires' expose money laundering frenzy

It took rickshaw driver Mohammad Rasheed a year to save 300 rupees to buy his daughter a bike, so when he found three billion rupees ($22.5 million) had passed through an unused bank account in his name, he was stunned ... and scared.



10.29.18

Malaysian ex-PM Najib and Saudi Foreign Minister backtrack on source of funds

For more than two years now, Malaysia's former prime minister Najib Razak has been claiming that the RM2.6 billion (S$806 million) deposited into his personal bank accounts was a donation from the Saudi Arabia royal family, and this was seemingly supported by the kingdom's Foreign Minister.



10.29.18

Report: Boston Bombers Exploited Welfare Programs To Fund Terror Attack

A new report from the Government Accountability Institute reveals that welfare programs have often been used to fund terrorism at home or abroad.



10.29.18

Corruption and Crime Commission report reveals extent of corruption in WA prisons

The fight against misconduct and corruption inside WA's prisons is at "a critical point" with a new report demanding the State Government end the inaction and take immediate steps to change the "culture" among prison guards.



10.26.18

How The Unexplained Wealth Order Combats Money Laundering

The UK is a haven for dirty money; more than ?90 billion is estimated to be laundered through the country per year.



10.26.18

How Do You Fight a $12B Fraud Problem? One Scammer at a Time

The fraudsters behind the often laughable Nigerian prince email scams have long since branched out into far more serious and lucrative forms of fraud, including account takeovers, phishing, dating scams, and malware deployment.



10.26.18

North Korea is using the internet 'like a criminal syndicate'

North Korea has long been known as a hermit kingdom, but it is learning to embrace the internet.



10.26.18

India's Financial Crime Watchdog Raids Amnesty Office

THE Indian federal agency that investigates financial crimes raided Amnesty's southern India office on Thursday, a spokeswoman for the human rights watchdog said, in the latest crackdown on an international non-profit group in the country.



10.26.18

Pakistan, Britain discuss extradition of suspects

Special Assistant to the Prime Minister on Accountability Shahzad Akbar on Thursday met British Home Secretary Sajid Javid in London.



10.25.18

OCC Assesses $100 Million Civil Money Penalty Against Capital One

The Office of the Comptroller of the Currency (OCC) recently assessed a $100 million civil money penalty against Capital One, N.A., and Capital One Bank (USA), N.A. for deficiencies in the bank's Bank Secrecy Act/Anti-Money Laundering program.



10.25.18

Adidas executives found guilty in NCAA corruption trial

Former top Adidas marketing boss Jim Gatto, ex-Adidas consultant Merl Code and sports management executive Christian Dawkins have been found guilty on all counts in a trial surrounding bribery payments made to top college basketball recruits.



10.25.18

After past corruption, ethics panel on ballot

For at least 13 years, New Mexico has seen a seemingly endless parade of corrupt political figures falling into disgrace, with two state treasurers, two state senators, a secretary of state and a deputy superintendent of insurance going to prison on criminal charges.



10.25.18

EU should set up anti-money laundering body, publish fines - experts

The European Union should set up a new agency to counter money laundering after a series of high-profile cases at banks bared weaknesses in the system, an influential think-tank said in a report, urging full disclosure of fines imposed on wrongdoers.



10.25.18

How Does Money Laundering Work?

You're likely familiar with money laundering as a concept from your favorite TV show or the news.



10.24.18

New York's money laundering rules will spur risk changes everywhere

The financial services and payments industries will look back on this time as the point at which a fundamental shift took place in the world of sanctions screening (also referred to as "filtering") and anti-money laundering (AML) compliance.



10.24.18

Intergovernmental Financial Regulator Calls For Urgent Harmonized Action Against Misuse of Cryptocurrencies

The Financial Action Task Force (FATF), a Paris-based inter-governmental body "representing most major financial centres in all parts of the globe" and tasked with establishing anti-money laundering (AML) and anti-terrorist financing (CFT) standards worldwide has stated in an October 19th release:



10.24.18

Major report on business and law proposes new Cab-type agency

A corporate crime agency, similar to the Criminal Assets Bureau (Cab), is one of the key recommendations of a major report on business and the law published on Tuesday.



10.24.18

Fayose pleads not guilty, remanded in EFCC custody

The immediate past Governor of Ekiti, Ayodele Fayose, on Monday appeared before a Federal High Court, Lagos, charged with N30.8 billion fraud.



10.24.18

Former minister denies money-laundering charges

Former defense minister Yiannos Papantoniou denied charges of money laundering on Monday during a marathon deposition before a corruption prosecutor.



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