SWISS AUTHORITIES INVESTIGATE MULTI-MILLION DOLLAR ONLINE DONATIONS FRAUD
By Azizur Rahman.
Authorities in Switzerland are investigating an online fundraising company accused of stealing millions of dollars of donations intended for charities. Read more
SFO LOOKS FOR LIKELY TARGETS OF UNEXPLAINED WEALTH ORDERS
By Azizur Rahman.
The Serious Fraud Office (SFO) has said that it is already looking through its caseload to identify the first targets for unexplained wealth orders (UWO’s). Read more
RAHMAN RAVELLI CONTRIBUTES CHAPTER TO INTERNATIONAL CORPORATE INVESTIGATIONS GUIDE
By Azizur Rahman.
Rahman Ravelli has provided one of the main chapters in this year’s International Comparative Legal Guide to Corporate Investigations. Read more
AUDITING COMPANY FINED £1 MILLION FOR MISCONDUCT
By Azizur Rahman.
Arrandco Audit has been fined £1 million for misconduct in its handling of the accounts of insurance software firm Quindell. Read more
BITCOIN FRAUD TRIPLES IN TWELVE MONTHS
By Azizur Rahman.
Bitcoin fraud in the UK has tripled in the past year. Read more
ACCOUNTANTS AND LAWYERS NOW SUBJECT TO CLOSER MONEY LAUNDERING SCRUTINY
By Azizur Rahman.
A new body within the Financial Conduct Authority, OPBAS, is now responsible for overseeing the anti-money laundering and anti-terrorist financing regimes of 22 regulatory organisations in the legal and accountancy sectors. Read more
SFO DIRECTOR WARNS THAT BREXIT CANNOT BE ALLOWED TO HAMPER FINANCIAL CRIME PROSECUTIONS
By Azizur Rahman.
Serious Fraud Office Director David Green has insisted that Brexit should not mean a less robust pursuit of financial crime. Read more
SFO INVESTIGATES CHEMRING
By Azizur Rahman.
The Serious Fraud Office (SFO) has announced that it is investigating possible bribery, corruption and money laundering at the London-listed defence company, Chemring. Read more
WORK BEGINS ON PROPERTY REGISTER TO COMBAT MONEY LAUNDERING
By Azizur Rahman.
Britain has started preparations for the public register that will require overseas companies owning or buying UK property to provide details of its ultimate owners. Read more
WESTERN UNION PAYS $60M FOR FRAUD AND MONEY LAUNDERING FAILURES
By Azizur Rahman.
Western Union is paying $60M to resolve allegations that it failed for more than a decade to maintain a programme to deter and report suspected fraud and money laundering. Read more
ONLINE CASINOS WARNED OVER MONEY LAUNDERING FAILURES
By Azizur Rahman.
Five online casino companies could lose their licences to operate, after the Gambling Commission warned they were not doing enough to stop themselves being used by money launderers. Read more
SHELL AND ITALIAN ENERGY COMPANY CHARGED OVER NIGERIAN OIL CORRUPTION
By Azizur Rahman.
A judge has ruled that Shell, Italian firm Eni and some of their senior figures should be tried for aggravated international corruption over their purchase of a Nigerian oil block. Read more
JP MORGAN FACING IN-DEPTH REVIEW OF MONEY LAUNDERING SYSTEMS AFTER SWISS FAILINGS
By Azizur Rahman.
Switzerland’s financial regulator FINMA is to conduct an in-depth review of JP Morgan’s Swiss unit's anti-money laundering systems. This follows last year’s finding by the regulatory body that the banking giant broke anti-money laundering regulations in its dealings with the Malaysian sovereign wealth fund, 1MDB. Read more
WORLD’S BIGGEST OIL RIG MAKER PAYING $422M TO SETTLE BRIBERY ALLEGATIONS
By Azizur Rahman.
The world’s biggest builder of oil rigs, Keppel Offshore and Marine, is paying $422 million to end a US bribery probe into illegal payments to officials at Brazil’s state-owned oil company, Petrobras. Read more
