June 4th, 2018Commonwealth Bank of Australia (CBA) (CBA.AX) agreed to a record penalty of A$700 million ($529.3 million) to settle explosive money laundering charges brought by Australia’s financial intelligence agency.
The fine is almost double the amount CBA had set aside to finalize the matter and represents a record penalty for...
May 21st, 2018Federal prosecutors say a former top Colombian anti-corruption official and a lawyer have been extradited to the U.S. to face money-laundering and wire-fraud charges.
The Miami U.S. attorney's office said in a news release Friday that 36-year-old Luis Gustavo Moreno Rivera and 31-year-old attorney Leonardo Pinilla Gomez were...
May 16th, 2018Brazilian federal prosecutors presented charges against Joesley Batista, a major shareholder in meatpacker JBS SA, another senior executive and a former federal prosecutor accusing them of corruption, money laundering and obstruction of Justice, a source familiar with the matter said on Tuesday.
The charges against Joesley Batista,...
May 16th, 2018Jérôme Cahuzac, the disgraced French former budget minister who led a crackdown on tax avoidance while secretly hiding millions of euros of his own money from authorities, has had his conviction for tax fraud upheld by an appeals court.
The case – in which the leftwing campaigner for a more honest tax system was found to have been...
May 15th, 2018Singapore regulators and the banking industry launched on Monday (May 14) two best practice papers to better prevent money laundering and terrorism financing, in the wake of the 1MDB scandal that hit the city-state and amid the increasing sophistication of financial crimes.
The papers discussed common red flags linked to trade-based...
May 11th, 2018A Bucharest court acquitted former Romanian prime minister Victor Ponta on Thursday of charges of forgery, money-laundering and being an accessory to tax evasion.
Ponta, 45, is a former member of the ruling Social Democrat Party who served as premier from 2012 until 2015 when he resigned after a deadly night club fire triggered...
May 11th, 2018A Portuguese court on Thursday ruled that former Angolan Vice President Manuel Vicente, accused by Portuguese prosecutors of corruption and money laundering, can be tried in Angola, which Portugal hopes will remove a major thorn in the bilateral ties.
The long-running case, which will now be sent to the African nation, has angered...
May 10th, 2018A Hong Kong based NGO backed by regulators, former central bankers and government officials on Wednesday announced an alliance to fight money laundering and regulate the fast growing financial technology space across Asia.
The heavyweight meeting, which had government representatives from countries including China, the Philippines,...
May 9th, 2018Australians will face a crackdown on cash-in-hand payments in an attempt by government to reduce money laundering and tax evasion.
The Turnbull government has turned its attention to the “black economy” in an attempt to raise billions of extra dollars and intends to limit cash payments for purchase goods and services to...
May 9th, 2018Almost two years after Pakistan’s central bank dismissed a report that estimated remittances from Pakistan to India at $4.9 billion, the country’s anti-graft watchdog ordered an inquiry against former premier Nawaz Sharif on the basis of a media report that cited the old study.
The National Accountability Bureau (NAB) ordered the...
