Industry Sectors
13th September 2021
UK authorities are still allowing the Taliban to launder its money in the UK 20 years after 9/11 because of their inability to take on the City, a former White House intelligence chief has said. Robert Greenway, a senior director at the National Security Council, said Britain missed opportunities to… Read More
13th September 2021
Prince Charles has become embroiled in a fresh donations scandal, after it emerged a Russian businessman previously convicted of money laundering tried to donate half a million pounds to his charities. The heir to the throne wrote a fulsome thank you letter to Dmitry Leus last year… Read More
13th September 2021
The powerful chairman of the House Foreign Affairs Committee is set to unveil a bill to levy new U.S. sanctions on oil and gas, some of Myanmar’s most important industries, and prod the State Department to determine whether Myanmar’s crimes against the Rohingya minority constitute a genocide. Democratic Rep. Gregory… Read More
13th September 2021
Guinea’s military junta, which seized power over the weekend, said on Thursday that it has ordered the central bank and other banks to freeze all government accounts. On Sunday a group of special forces soldiers said they ousted President Alpha Conde over concerns about poverty and endemic corruption. The banking… Read More
13th September 2021
An Auckland-based foreign exchange business has been slapped with a $770,000 fine for breaking anti-money laundering laws. “Given the scale, nature and circumstances of KVB’s (CLSA Premium’s) non-compliance, I am satisfied that this penalty accurately reflects the gravity of the breaches and reflects the principles of deterrence and denouncement,” said… Read More
13th September 2021
Six men including a Briton have been arrested off the coast of Plymouth after authorities seized more than two tonnes of cocaine worth about £160m. Britain’s National Crime Agency (NCA) said an operation involving its personnel as well as the Australian Federal Police (AFP) and Border Force arrested the British… Read More
13th September 2021
A high-flying lawyer swindled the Commonwealth and a top international legal firm out of more than £600,000 in a series of frauds. Joshua Brien, 48, established himself during 12 years at the Commonwealth Secretariat as an expert on the laws of the sea, offering advice around the… Read More
13th September 2021
The Paris appeals court on Thursday backed a guilty verdict against Syrian President Bashar al-Assad’s uncle for misappropriating public funds in Syria, laundering the spoils and building a vast property portfolio in France with ill-gotten gains. The court confirmed last year’s four-year prison sentence against 84-year-old Rifaat al-Assad, which he… Read More
12th September 2021
Two of Australia’s largest lenders, National Australia Bank (NAB) and Westpac, on Thursday rejected criticism that they are stymieing competition by refusing to do business with cryptocurrency providers. Many of Australia’s top financial institutions have not engaged with the sector, despite its huge growth in the past year, due to… Read More
10th September 2021
Britain’s financial regulators said on Thursday that trade finance firms must do more to identify potentially suspicious activities by undertaking additional risk assessments. During the past 18 months there have been several high-profile failures of commodity and trade finance firms with significant losses, the Bank of England and Financial Conduct… Read More