Spain: Spain's High Court investigates Caixabank for alleged money laundering
April 20th, 2018 Spain’s High Court on Thursday placed Caixabank under formal investigation over allegations that the Spanish bank was involved in laundering almost 100 million euros ($123.80 million) for alleged Chinese criminals. The court said in a written ruling that the investigation stemmed from a separate investigation into China’s largest...
Venezuela: Ex-Venezuelan official pleads guilty in U.S. corruption case
April 20th, 2018 A former Venezuelan official on Thursday pleaded guilty to taking part in a scheme involving bribes paid by U.S. companies to Venezuelan officials to secure energy contracts and speed up payments on outstanding invoices, U.S. prosecutors said. Cesar Rincon, a former manager at Bariven, the procurement unit of Venezuela’s state-owned...
Guatemala: Prosecutors again accuse Guatemala president of corruption
April 20th, 2018 Guatemalan prosecutors and a United Nations' anti-corruption commission again accused President Jimmy Morales of corruption Thursday related to alleged illegal campaign financing while he was secretary general of his party. Electoral crimes prosecutor Oscar Schaad said businessmen funneled more than $1 million to Morales' National...
Malaysia: Sarawak Governor accused in lawsuit of funnelling corruption proceeds into Canada real estate
April 20th, 2018 A Malaysian governor and his family are accused in a lawsuit of funnelling proceeds of corruption into Canadian real estate, with a Swiss environmental group pressing some of Canada's biggest financial firms to turn over information on how the money flowed. Sarawak governor Abdul Taib Mahmud's family used the money to fund the...Anti-Corruption Compliance Solutions
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