April 23rd, 2018The IMF will review the role advanced nations play in bribery and other forms of corruption as part of a revised framework on governance around the world.
Under the new system, the International Monetary Fund will assess areas such as budget management, financial-sector oversight, central bank controls, market regulation, and the rule...
April 16th, 2018Police will recommend indicting former coalition whip Likud MK David Bitan in the coming weeks, for allegedly receiving hundreds of thousands of shekels in bribes, Channel 10 news reported Sunday.
Bitan, who stepped down as coalition whip after it was revealed he was being investigated but remains a Knesset member, is also likely to...
April 6th, 2018Danske Bank’s growing money laundering scandal claimed its first management scalp as Denmark’s biggest lender ousted the head of its business and international units.
Danske is being investigated by Estonian and Danish regulators over potential money laundering in the Baltic country.
Lars Morch, the member of Danske’s...
March 28th, 2018The former head of NATO has asked the prime minister of Latvia to create an international task force to guide the country in cleaning up its banking sector, which has been rocked by accusations of money laundering and bribery.
Anders Fogh Rasmussen, who has also been prime minister of Denmark and is currently deputy chairman of...
March 20th, 2018Standard Chartered Bank, Singapore Branch (SCBS) has been fined S$5.2 million and Standard Chartered Trust (Singapore) Limited (SCTS) has been fined S$1.2 million for breaches of the Monetary Authority of Singapore's (MAS) anti-money laundering and countering the financing of terrorism requirements.
These breaches occurred when trust...
March 9th, 2018The US has warned Latvia that its banks are still involved in money laundering despite the enforced liquidation of the country’s third-largest lender following similar allegations, according to the Baltic state’s finance minister.
Dana Reizniece-Ozola met Marshall Billingsea, the US assistant secretary for terrorist financing, in...
March 2nd, 2018Law enforcement officials in Brazil on Thursday accused the director of Argentina’s intelligence agency of receiving $850,000 as part of a money-laundering scheme that involved front companies in several Brazilian cities.
The accusation against the Argentine intelligence chief, Gustavo Arribas, who owns several real estate...
February 28th, 2018Estonia’s financial regulator said on Tuesday it would open an investigation into Danske Bank (DANSKE.CO) after media reported it had been aware of money-laundering allegations at its Estonian branch as far back as 2013.
Estonia’s Financial Supervisory Authority (FSA) said it would look at whether Danske, Denmark’s biggest bank,...
February 23rd, 2018Commonwealth Bank of Australia on Friday denied most of the 100 additional claims made against it in a major lawsuit by Australia’s financial intelligence agency regarding breaches of anti-money laundering laws.
Australia’s biggest bank said in a statement it admitted “in part” to 11 of the claims filed in December by the...
February 8th, 2018A subsidiary of Dutch bank Rabobank has agreed to pay more than $368m (£265m) to resolve money laundering charges brought in the US.
The firm also pleaded guilty to trying to obstruct the examination by the US authorities.
The US said the bank "chose to look the other way" when faced with millions of dollars in transactions...
