CHINESE BANK INVESTIGATED OVER MONEY LAUNDERING IN SPAIN
By Azizur Rahman.
The Luxembourg branch of the Industrial and Commercial Bank of China (ICBC) has been drawn into a Spanish investigation regarding alleged money laundering. Read more
AIRBUS TO OBTAIN DPA?
By Azizur Rahman.
Reports that Airbus is set to reach a deferred prosecution agreement (DPA) over its corrupt use of middlemen to sell jets have been dismissed by industry observers. Read more
REGULATOR GIVES DEADLINE FOR MONEY LAUNDERING REPORT AT AUSTRALIA’S COMMONWEALTH BANK
By Azizur Rahman.
Australia’s banking regulator has set a January 31 deadline for a progress report on its inquiry into money laundering at the Commonwealth Bank of Australia (CBA). Read more
US ORDERS BANK TO CLOSE OVER MONEY LAUNDERING AND TERRORIST FINANCING
By Azizur Rahman.
US banking regulators have ordered Pakistan's Habib Bank to close its New York office after it failed to heed concerns over possible terrorist financing and money laundering. Read more
AZERBAIJAN ELITE ALLEGEDLY INVOLVED IN £2.2 BILLION COVERT MONEY MOVEMENTS
By Azizur Rahman.
Azerbaijan’s ruling elite is alleged to have operated a secret £2.2 billion scheme to pay prominent Europeans, buy luxury goods and launder money through a network of British companies. Read more
SFO FUTURE LOOKS SAFE
By Azizur Rahman.
The future of the Serious Fraud Office seems slightly more secure after the Solicitor General praised its work and high conviction rate. Read more
TESCO EXECUTIVES’ TRIAL ADJOURNED
By Azizur Rahman.
The trial of three former senior executives of Tesco who are accused of fraud and false accounting has been adjourned. Read more
TESCO TO PAY COMPENSATION OVER MISREPORTING OF PROFITS
By Azizur Rahman.
Tesco has opened its £85m compensation scheme for shareholders who lost money after being misled by the company's overstatement of profits three years ago. Read more
VW ENGINEER JAILED FOR EMISSIONS FRAUD
By Azizur Rahman.
A Volkswagen engineer has been jailed for 40 months and ordered to pay a $200,000 fine for his role in emissions test cheating. Read more
SAMSUNG HEIR LEE TO APPEAL AGAINST HIS FIVE-YEAR SENTENCE FOR BRIBERY
By Azizur Rahman.
Samsung heir Lee Jae-yong is appealing against his five-year jail sentence for bribery and other offences. Read more
BELGIUM NAMED EUROPE’S MOST LENIENT COUNTRY ON MONEY LAUNDERING
By Azizur Rahman.
Belgium's anti-money laundering (AML) penalties have been highlighted as the most lenient in the European Union. Read more
CEO CONVICTED OF FRAUD COSTING INVESTORS $750M
By Azizur Rahman.
A former chief executive officer of US medical device company ArthroCare Corporation has been convicted of helping orchestrate a fraud scheme that led to shareholder losses of over $750 million. Read more
AUSTRALIA TO EXTEND MONEY LAUNDERING RULES
By Azizur Rahman.
Australia is to extend its anti-money laundering (AML) rules to cover domestic digital currency exchanges. Read more
PETROFAC CREATES A COMPLIANCE BOARD
By Azizur Rahman.
UK oilfield services firm Petrofac is to establish a compliance and ethics board while it continues to be investigated for fraud. Read more
