Topic filter : Money Laundering

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....8m worth of payments via its office in Zurich, Switzerland. Coutts is winding down its Swiss operation and was last month fined by regulators for money laundering in a different case. ... [Read full article on Guardian ]
Monday 20th of March 2017 06:00:24 PM
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. The German bank that loaned $300m (£260m) to Donald Trump played a prominent role in a money laundering scandal run by Russian criminals with ties to the Kremlin, the Guardian can reveal. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 07:00:14 PM
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. Britain’s commitment to tackling high-end money laundering through the City of London is under serious scrutiny after it emerged that regulators appear to have waved through an $800m bank transfer to a convicted criminal as the proceeds from one of the most corrupt deals in the history of the oil industry. ... [Read full article on Guardian ]
Sunday 5th of March 2017 07:00:37 AM
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....In late 2012 HSBC paid US authorities $1. 9bn in a settlement over money laundering. ... [Read full article on BBC ]
Sunday 12th of March 2017 11:19:23 PM
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. Fraud investigators have launched a review of the activities of Britain’s high street banks following revelations in the Guardian about a $20bn money laundering scam that MPs described as a national disgrace and scandal. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 06:33:29 PM
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....9bn euros, mainly thanks to a record penalty in the US. In January, it was fined £500m by US and UK regulators in connection with a Russian money laundering plan. ... [Read full article on BBC ]
Monday 20th of March 2017 09:25:46 AM
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....Despite condemnation by the OECD after the BAE debacle, UK guidelines to law enforcement still do not prohibit factoring economic or political considerations into any prosecution decision. Separately, the OECD report also identifies Scotland, where highly secretive “limited partnerships” can be incorporated, as notably vulnerable to money laundering. ... [Read full article on Guardian ]
Thursday 23rd of March 2017 10:07:05 AM
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....Senior Democrats on Capitol Hill are calling for a congressional investigation into the justice department’s handling of an ongoing inquiry into Deutsche Bank, saying that Donald Trump had conflicts of interest with the German bank, his biggest creditor. Maxine Waters, the top Democrat on the House financial services committee, urged her Republican colleagues to launch their own investigation into the nature of Deutsche Bank’s money-laundering scheme, who participated in the arrangement and whether it involved any other violations of US law beyond the failure to maintain anti-money laundering controls. ... [Read full article on Guardian ]
Saturday 11th of March 2017 01:53:14 PM
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....”. He said he had also approached Knuckey, who worked on Scotland Yard’s money laundering investigation team, for advice about debt collectors. ... [Read full article on Guardian ]
Friday 3rd of March 2017 06:30:42 PM
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Latest Finance News related to Money Laundering

Brexit could damage UK's fight against corruption, says OECD image
Source : Guardian [Read Article] Thursday 23rd of March 2017 10:07:05 AM
....Despite condemnation by the OECD after the BAE debacle, UK guidelines to law enforcement still do not prohibit factoring economic or political considerations into any prosecution decision. Separately, the OECD report also identifies Scotland, where highly secretive “limited partnerships” can be incorporated, as notably vulnerable to money laundering. ...
Bank that lent $300m to Trump linked to Russian money laundering scam image
Source : Guardian [Read Article] Tuesday 21st of March 2017 07:00:14 PM
. The German bank that loaned $300m (£260m) to Donald Trump played a prominent role in a money laundering scandal run by Russian criminals with ties to the Kremlin, the Guardian can reveal. ...
Police to examine 'Global Laundromat' money laundering allegations image
Source : Guardian [Read Article] Tuesday 21st of March 2017 06:33:29 PM
. Fraud investigators have launched a review of the activities of Britain’s high street banks following revelations in the Guardian about a $20bn money laundering scam that MPs described as a national disgrace and scandal. ...
City minister in right and proper pickle over financial crime image
Source : Guardian [Read Article] Tuesday 21st of March 2017 04:53:03 PM
.... Kirby is a man who likes to keep his talents well hidden. “We want our financial institutions to lead the way in money laundering,” Kirby announced, inadvertently sounding disappointed that our banks had yet to compete with Switzerland and the Cayman Islands for handling crime proceeds. ...
British banks handled vast sums of laundered Russian money image
Source : Guardian [Read Article] Monday 20th of March 2017 06:00:24 PM
....8m worth of payments via its office in Zurich, Switzerland. Coutts is winding down its Swiss operation and was last month fined by regulators for money laundering in a different case. ...
Deutsche Bank cuts staff bonuses image
Source : BBC [Read Article] Monday 20th of March 2017 09:25:46 AM
....9bn euros, mainly thanks to a record penalty in the US. In January, it was fined £500m by US and UK regulators in connection with a Russian money laundering plan. ...
Democrats question Trump 'conflict of interest' with Deutsche Bank investigation image
....Senior Democrats on Capitol Hill are calling for a congressional investigation into the justice department’s handling of an ongoing inquiry into Deutsche Bank, saying that Donald Trump had conflicts of interest with the German bank, his biggest creditor. Maxine Waters, the top Democrat on the House financial services committee, urged her Republican colleagues to launch their own investigation into the nature of Deutsche Bank’s money-laundering scheme, who participated in the arrangement and whether it involved any other violations of US law beyond the failure to maintain anti-money laundering controls. ...
The oil deal, the disgraced former minister, and $800m paid via a UK bank image
. Britain’s commitment to tackling high-end money laundering through the City of London is under serious scrutiny after it emerged that regulators appear to have waved through an $800m bank transfer to a convicted criminal as the proceeds from one of the most corrupt deals in the history of the oil industry. ...
Christian Candy tells high court: ‘I don’t deal with shady people’ image
....”. He said he had also approached Knuckey, who worked on Scotland Yard’s money laundering investigation team, for advice about debt collectors. ...
Former IMF chief gets four years in jail for embezzlement in Spain image
Source : Guardian [Read Article] Thursday 23rd of February 2017 04:40:36 PM
.... Several PP officials, including Luis Bárcenas, a former party treasurer and Rajoy ally, are on trial for alleged involvement in a huge kickbacks-for-contracts scheme involving businesspeople and senior PP members. Rita Barberá, a PP senator who died last November, had resigned from the party two months earlier after the supreme court announced an investigation into allegations of money laundering during her two-and-a-half decade run as mayor of Valencia. ...
Banks’ duty to provide free ATMs and keep branches open | Letters image
Source : Guardian [Read Article] Tuesday 31st of January 2017 07:55:37 PM
.... He wasn’t wrong. It included Libor manipulation, mis-selling mortgages to Fannie Mae and Freddie Mac, Forex rigging, weakness in money laundering and systematic aiding of tax avoidance at its Swiss subsidiary. ...
Deutsche Bank's $630m Russian fine reflects badly on banking | Nils Pratley image
.... At Deutsche Bank, circa 2012 to 2015, the system was an underfunded shambles. The bank has been fined $630m (£506m) for “unacceptable” deficiencies in its anti-money laundering controls but the details of the affair are extraordinary. ...
Deutsche Bank fined $630m over Russia money laundering claims image
Source : Guardian [Read Article] Tuesday 31st of January 2017 05:00:06 AM
. Deutsche Bank has been fined more than $630m (£506m) for failing to prevent $10bn of Russian money laundering and exposing the UK financial system to the risk of financial crime. ...
Ex-HBOS manager and five others face jail over £245m scam image
Source : Guardian [Read Article] Monday 30th of January 2017 04:41:50 PM
....Mills and Bancroft were found guilty of six and five counts respectively, including conspiracy to corrupt and fraudulent trading. Alison Mills was convicted of one count of money laundering. ...
Brexit has allowed the banks to get off Britain's naughty step image
Source : Guardian [Read Article] Sunday 29th of January 2017 04:00:28 PM
....Persaud also says that it is now harder to avoid paying the FTT no matter where it is levied. “The new transparency on beneficial ownership, along with anti-money laundering rules make it significantly easier for tax authorities to tax transactions by residents in securities which are domiciled anywhere, like derivatives. ...
Whistleblower wins out over HSBC charges; plus, Sky ditches the dishes image
Source : Guardian [Read Article] Thursday 26th of January 2017 02:25:22 PM
....An eco home with a real buzz about it. Customers are getting caught up as banks de-risk due to money laundering laws, and the consequences can be disastrous, Anna Tims writes. ...
‘Barclays took my £440,000 and put me through hell’ image
Source : Guardian [Read Article] Sunday 22nd of January 2017 07:00:23 AM
....Inevitably, like Rahman, many victims are of Asian or African origin, as is clear from the correspondence to the Observer. It follows that because countries deemed high risk in terms of terror and money laundering tend to be Asian and African, people from these areas may be particularly vulnerable. ...
Brexiters expect to leave the EU on a free trade ‘crusade’. What if they are wrong? image
.... While there was still a chance of staying in the single market, bankers were most concerned about “passporting” rights, which allow transactions across EU borders to progress unhindered. Now some in the City fear that, outside the EU, unless regulators water down tax and money laundering rules, London’s international banks will shift staff to Paris and the Far East. ...
Can credit unions finally provide a truly ethical current account? image
Source : Guardian [Read Article] Saturday 21st of January 2017 06:59:28 AM
. Billions of pounds of taxpayer cash pumped in, PPI mis-selling, investing in fossil fuels or dodgy regimes, money laundering, Libor rigging, tax avoidance, excessive executive pay… the list of scandals involving banks goes on and on. ...
Bookmakers face losing their licence and huge fines over problem gambling image
. Gambling firms that fail to tackle problem gambling and money laundering face heftier fines and a higher risk of losing their operating licence under a tougher regime to be unveiled by the industry’s regulator. ...
EU negotiator wants 'special' deal over access to City post-Brexit image
Source : Guardian [Read Article] Friday 13th of January 2017 07:15:54 PM
.... Some EU politicians are worried the UK will embark on “a race to the bottom”, by slashing corporate taxes, to compensate for Brexit. Barnier, however, said he expected the UK to stick to existing commitments to enact more than three dozen laws to combat money laundering and tax avoidance. ...
China crackdown sends Bitcoin sliding image
Source : BBC [Read Article] Thursday 12th of January 2017 01:04:34 AM
....Chinese spot checks on Bitcoin trading have hit the digital currency's value. China's central bank said it wanted to investigate market manipulation, money laundering and unauthorised financing. ...
Singapore convicts banker in 1MDB case image
Source : BBC [Read Article] Wednesday 21st of December 2016 09:25:02 AM
....Two other BSI staff had earlier admitted failing to disclose suspicious transactions made by Mr Low. Next year Mr Yeo faces a fresh trial with a further seven charges including money laundering and forgery. ...
UK MPs unite to push for greater transparency from tax havens image
Source : Guardian [Read Article] Tuesday 20th of December 2016 12:01:33 AM
....The move is expected to face fierce opposition from the handful of the UK’s overseas territories – including the British Virgin Islands, Turks and Caicos Islands and Anguilla – that have become some of the world’s most active secrecy havens. Earlier this year, the Panama Papers scandal laid bare how offshore corporate secrecy regularly attracts illicit money flows linked to terrorism, corruption, money laundering, tax evasion, drugs and fraud. ...
Prison to profit  image
Source : BBC [Read Article] Friday 16th of December 2016 10:35:44 PM
....But her light-hearted manner masks a difficult past. She went to prison seven years ago and served six months of a year's sentence for money laundering and fraud. ...
Japan parliament legalises casinos image
Source : BBC [Read Article] Thursday 15th of December 2016 12:38:33 AM
....Politicians have clashed over plans to legalise casinos in Japan for the past 15 years, with strong opposition based largely around fears of gambling addiction and other social fall-out such as organised crime. And pro-casino campaigners have had to try and allay fears about the negative impact of casinos, promising measures to combat addiction and money laundering. ...
TalkTalk hacker, 19, pleads guilty at the Old Bailey image
Source : BBC [Read Article] Tuesday 13th of December 2016 06:17:19 PM
....That amount of the digital currency is currently worth £286,295. He also pleaded guilty to further charges including blackmail and money laundering. ...
Human rights abusers who buy London homes could have assets seized image
Source : Guardian [Read Article] Sunday 4th of December 2016 10:45:24 PM
....”. The Home Office says the bill, introduced in October, will significantly improve the government’s ability to tackle money laundering and corruption, recover the proceeds of crime and impact upon terrorist financing. ...
Revealed: Coutts managed tax haven firms for controversial clients image
Source : Guardian [Read Article] Thursday 1st of December 2016 11:01:45 AM
....5m documents leaked from the archives of the offshore law firm Mossack Fonseca. Emails between Coutts and Mossack show the law firm regarded these individuals as presenting a high risk under criteria designed to combat money laundering: Jefri was ordered by a UK court to repay an estimated $15bn taken from the Brunei sovereign wealth fund, which he chaired; Heikal was charged in 2012 and is awaiting trial for facilitating insider trading, which he denies. ...
HSBC has closed all the accounts of campaign group and won’t say why image
Source : Guardian [Read Article] Tuesday 29th of November 2016 07:00:42 AM
....”. Abrupt closure of bank accounts without explanation is becoming a worryingly frequent issue in my inbox as banks run scared of draconian US crackdowns on anyone deemed complicit in money laundering. ...
Companies House abandons plan to delete 2.5m public records image
Source : Guardian [Read Article] Thursday 24th of November 2016 04:59:54 PM
....Companies House, which maintains a database on every firm incorporated in the UK, listing their accounts and all directors and shareholders, was considering proposals to reduce the amount of time the records of dissolved companies were retained from 20 years to six. The plans provoked an outcry when they became public in August, with warnings that they would hamper the ability to track down white collar criminals and combat money laundering. ...
M&S Bank asked me for personal details, but the letter looked like a scam image
Source : Guardian [Read Article] Sunday 20th of November 2016 07:00:30 AM
.... We could understand this request if you were the main account holder, but this seems to be rather overzealous as you pay off your card in full by direct debit every month and have been customers for 12 years. M&S Bank services are provided by HSBC, which has been in all sorts of bother with the authorities over money laundering. ...
Housing Ladder arcade game has players dodging buy-to-let investors image
Source : Guardian [Read Article] Thursday 17th of November 2016 07:00:42 AM
....“Entire London squares are now dark at night because no one lives there. London property has become a magnet for money laundering. ...
Mossack Fonseca fined $440,000 in British Virgin Islands image
Source : Guardian [Read Article] Tuesday 15th of November 2016 08:20:20 PM
....Half of the 240,000 shell companies represented by the Panamanian law firm Mossack Fonseca were incorporated in the BVI, a UK overseas territory. Following an investigation, the BVI Financial Services Commission (FSC) identified eight breaches by Mossack Fonseca of anti-money laundering and other regulations. ...
Tax havens helped get likes of Donald Trump elected, experts say image
Source : Guardian [Read Article] Tuesday 15th of November 2016 02:18:12 PM
....The Panama Papers uncovered a $2bn (£1. 6bn) money laundering scheme, run through Switzerland and the British Virgin Islands, in which a St Petersburg cellist appeared to be standing in as the beneficiary of a fortune amassed by the Russian president. ...
HSBC insists Birmingham staff move is on track image
Source : Guardian [Read Article] Monday 14th of November 2016 04:10:34 PM
....The monitor – who is overseeing the bank’s attempts to overhaul its systems after a £1. 2bn fine for money laundering offences from the US in 2012 – is reported to have been concerned about the number of staff willing to move from London to Birmingham, which the bank has selected as the headquarters of its main UK operations. ...
UK moves to block 'dirty money' flowing into City of London image
Source : Guardian [Read Article] Thursday 10th of November 2016 05:56:21 PM
....The government last month unveiled its criminal finances bill, detailing measures to make London less attractive to international criminals as a place to launder money. Measures in the bill aimed at money laundering include new unexplained wealth orders, under which people suspected of trying to launder the proceeds of crime will be asked to explain the source of their money. ...
Australian casino shares tumble after China arrests image
Source : BBC [Read Article] Monday 17th of October 2016 06:58:25 AM
....It's been reported that the arrests are part of a crackdown by the Chinese authorities on foreign casino companies who are suspected of encouraging Chinese nationals to travel abroad to gamble. There is also an ongoing campaign to tackle corruption and international money laundering in China. ...
Bangladesh's Sonali bank fined £3.3m image
Source : BBC [Read Article] Wednesday 12th of October 2016 11:50:32 AM
....The UK operations of Bangladesh's biggest bank, Sonali Bank, have been banned from accepting deposits from any new customers for 24 weeks. The Financial Conduct Authority (FCA) said the bank had failed to put anti-money laundering controls in place. ...
Singapore orders bank closure and fines over 1MDB links image
Source : BBC [Read Article] Tuesday 11th of October 2016 03:27:20 AM
. The Monetary Authority of Singapore has ordered a Swiss merchant bank to close and fined two other banks for breaching anti-money laundering controls. ...
Free land image
Source : BBC [Read Article] Thursday 29th of September 2016 11:03:35 PM
.... . But the government has put checks in place to make sure the scheme isn't abused by people to make a profit selling the land, or for money laundering. ...
US hits Chinese firm with sanctions over North Korea ties image
Source : BBC [Read Article] Tuesday 27th of September 2016 12:55:57 AM
.... . Aside from the firm's founder, Ma Xiaohong, the sanctions include Zhou Jianshu, Hong Jinhua and Luo Chuanxu, who are accused of conspiring to violate sanctions rules and engaging in international money laundering. ...
How to hide it: inside the secret world of wealth managers | Brooke Harrington image
Source : Guardian [Read Article] Wednesday 21st of September 2016 05:00:17 AM
.... Following the financial crisis and news stories such as the Panama Papers, these tactics – many of which are also used by corporations to avoid taxation and regulation – are attracting increasing public attention and condemnation. The profession – whose main representative body is the London-based Society for Trust and Estate Practitioners (Step) – has been singled out for blame in several countries by government agencies concerned with tax evasion, money laundering, and growing worldwide wealth inequality. ...
Brazil ex-President Lula and wife face charges in corruption scandal image
Source : BBC [Read Article] Wednesday 14th of September 2016 06:50:22 PM
....Several politicians and Petrobras executives have been arrested and sentenced after a two-year anti-corruption investigation called Operation Car Wash. Prosecutors initially focused on money laundering, but soon came to allegations of a complex corruption scheme at Petrobras, where overpriced contracts were given in return for bribes. ...
Kim Dotcom wins right to livestream extradition appeal image
Source : BBC [Read Article] Tuesday 30th of August 2016 03:38:54 AM
....A judge in New Zealand has said internet entrepreneur Kim Dotcom will be allowed to stream his appeal against extradition live online. The founder of the seized Megaupload websites is wanted in the US on charges of copyright infringement, racketeering and money laundering. ...
Kim Dotcom calls for livestream of extradition appeal image
Source : BBC [Read Article] Monday 29th of August 2016 10:02:36 AM
.... Federal prosecutors accused the files-sharing site of having cost movie studios, music labels and other copyright-holders more than $500m (£382m) in lost revenue. Last December, a New Zealand court ruled that the German-born entrepreneur could be extradited to face charges of copyright infringement, racketeering and money laundering. ...
Tax avoidance: Accountants face tougher penalties image
Source : BBC [Read Article] Tuesday 16th of August 2016 11:09:38 PM
....Accountants see the move as a significant change, which could result in them paying fines even if the advice they give isn't illegal. The new rules come after the government set up a new task force to investigate allegations of tax-dodging and money laundering in light of the Panama Papers leak, which lifted the lid on how the rich and powerful use tax havens to hide their wealth. ...

Nigel Farage’s aide arrested as FBI probe links to money laundering and ‘drug traffickers’
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....One of former UKIP leader Nigel Farage’s closest political allies faces years in jail after he was detained in Chicago on suspicious of offering to launder money for drug lords. George Cottrell, 22, is in custody in the US awaiting trial on 21 charges including attempted extortion, money laundering and fraud, after he was led away in handcuffs. ...
Duke's £9bn inheritance prompts call for tax overhaul image
Source : Guardian [Read Article] Thursday 11th of August 2016 07:40:43 PM
....Britain’s lobbying was successful. Europe’s fourth money laundering directive, enacted last year, obliges member states to create central registers of trusts. ...

Police probe over possible Heathrow security pass scam
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Source : Telegraph [Read Article] Wednesday 10th of August 2016 01:39:20 PM
....Security fears have been sparked at Heathrow Airport after a police investigation was launched into a possible airside pass scam following the arrest of two women. The pair, aged 20 and 24, from Surrey, were detained on August 3 on suspicion of money laundering and fraud after money was taken from a bank account. ...

Nobel economist Stiglitz quits Panama Papers probe over 'lack of transparency'
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...."We can only infer that the government is facing pressure from those who are making profits from the current non-transparent financial system in Panama," Mr Stiglitz said. The Panama Papers cover a period of almost 40 years, from 1977 until December 2015, and show that some companies set up in tax havens with the help of Mossack Fonseca may have been used for money laundering, arms and drug deals as well as tax evasion. ...

Uzbek receptionist at luxury Thai resort accused by FBI of aiding £22m hack
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....More than 50 people from Britain, the US, Australia, Italy, Germany and Japan had fallen prey to the network, which sent emails containing malware to gain usernames and passwords of victims' online bank accounts, officials said. The pair, believed to have operated at the heart of the purported hacking network, have both been indicted and face money laundering charges in the US, MailOnline reported. ...

Plasma screen TVs, a conference hall and even a library: inside Paraguay drug lord's luxury prison cell 
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.... . Jarvis Chimenes Pavao, 42, who is serving a lengthy sentence for money laundering and faces possible extradition to Brazil, was found to be living in the lap of luxury, apparently as his jailors turned a blind eye. ...

Former Brazilian president  Lula faces trial for obstruction of justice 
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....Earlier this year, Sergio Moro, the judge leading the Car Wash investigation, controversially released wiretaps of Mr da Silva’s phone calls with Ms Rousseff while the former president was also held for questioning. He also faced investigation into money laundering over claims he failed to declare a luxury penthouse. ...

Bankrupt fraudster who pretended to live in a shed and owned £83,000 of art and antiques is jailed
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....2 million from proceeds of growing and dealing cannabis. On Friday, he was sentenced to six and a half years in jail for offences relating to money laundering, the production and supply of cannabis, stealing up to £4,000 in electricity, concealing criminal property, acting as a disqualified director and failing to disclose assets. ...
Singapore seizes $177m as part of Malaysia corruption probe image
Source : BBC [Read Article] Thursday 21st of July 2016 07:11:50 AM
....1MDB is at the centre of a global corruption investigation. The local units of Standard Chartered and UBS, Southeast Asia's biggest lender DBS and Falcon Bank were all found to have "lapses and weaknesses in anti-money laundering controls". ...

US justice department seeks to recover $1bn from Malaysian fund used to pay for Wolf of Wall Street film
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....The announcement in New York was followed hours later by Singapore authorities saying they had seized assets worth S$240 million ($176. 82 million) in an investigation of money related to the fund for possible money laundering. ...
MPs decry 'failed' effort to stop UK property money laundering image
Source : Guardian [Read Article] Thursday 14th of July 2016 11:01:24 PM
....“The proceeds of crime legislation has failed,” Vaz said. “London is a centre for money laundering, and its standing as a global financial centre is dependent on proactively and effectively tackling money laundering. ...
HSBC avoided US money laundering charges because of 'market risk' fears image
. US officials refused to prosecute HSBC for money laundering in 2012 because of concerns within the Department of Justice that it would cause a "global financial disaster", a report says. ...
World-Check terrorism database exposed online image
Source : BBC [Read Article] Wednesday 29th of June 2016 12:50:09 PM
....A financial crime database used by banks has been "leaked" on to the net. World-Check Risk Screening contains details about people and organisations suspected of being involved in terrorism, organised crime and money laundering, among other offences. ...
Business news: Ted Baker, Betfred, Premier Farnell and Virgin Active image
Source : Daily Express [Read Article] Wednesday 15th of June 2016 08:14:00 AM
.... . The Gambling Commission said the bookmaker had failed in its anti-money laundering and social responsibility policies. ...
Stock market panic? It'll be much worse if Britain votes leave image
Source : Guardian [Read Article] Tuesday 14th of June 2016 06:31:54 PM
.... Well done, the MPs, for ensuring we hear them. Is the Gambling Commission getting tougher? Well, the financial penalties for disobeying anti-money laundering and responsible gambling rules are becoming bigger. ...
Gambling Commission orders Betfred to pay £800,000 image
Source : Guardian [Read Article] Tuesday 14th of June 2016 09:33:51 AM
....The bookmaker Betfred has agreed to an £800,000 settlement after accepting stolen cash from a “VIP” customer, who was allegedly offered free drinks and day trips to encourage him to keep betting. Betfred, based in Gibraltar, was found to have failed to meet its obligations on social responsibility and the prevention of money laundering, after taking thousands of pounds from the convicted thief Matthew Stevens. ...
Now’s the time for this government to act on tax avoidance | John McDonnell image
. Last week Madrid police searched Santander’s Spanish headquarters after suspicions were raised that the bank was linked to money laundering and tax evasion on the part of some of its clients. ...
Police search Santander's Madrid HQ in money-laundering inquiry image
Source : Guardian [Read Article] Friday 3rd of June 2016 01:25:48 PM
. Police have searched the headquarters of Santander Bank in Madrid after suspicions were raised that the bank was linked to money laundering and tax evasion on the part of some of its clients. ...
Police search Santander's Madrid HQ in money-laundering inquiry image
Source : Guardian [Read Article] Friday 3rd of June 2016 01:25:48 PM
. Police have searched the headquarters of Santander Bank in Madrid after suspicions were raised that the bank was linked to money laundering and tax evasion on the part of some of its clients. ...
Make profit motive an ally in corruption fight, says offshore expert image
Source : Guardian [Read Article] Thursday 2nd of June 2016 03:32:07 PM
....58bn) after winning a 15-year battle with Argentina over long defaulted-bonds, which it had bought cheaply before suing the government for repayment of their full face value plus interest. A leading authority on offshore companies and money laundering believes such aggressive pursuit of profit should be used against corrupt world leaders who plunder state assets. ...
Panama Papers inquiry expected to call George Osborne as witness image
Source : Guardian [Read Article] Wednesday 1st of June 2016 06:20:41 PM
....Leaders of the European parliament meet in Brussels on Thursday to approve the creation of an influential 65-member “inquiry committee”, which is expected to target the tax avoidance industry nurtured by Britain and other European member states. According to draft documents, the committee will have a mandate to investigate “alleged contraventions and maladministration in the application of Union law in relation to money laundering, tax avoidance and evasion”. ...
French prosecutor used covert measures in Google investigation image
Source : Guardian [Read Article] Tuesday 31st of May 2016 05:18:59 PM
....Speaking to French media group Europe 1, she described her department’s efforts as a David v Goliath battle. French prosecutors suspect Google of aggravated financial fraud and organised money laundering. ...
FCA warns UK banks on using money laundering rules to close accounts image
Source : Guardian [Read Article] Tuesday 24th of May 2016 04:06:56 PM
. UK banks have been told by the City regulator they should not use anti-money laundering rules as an excuse to close accounts for charities, politicians and other clients just because they perceive them as risky. ...
Google offices raided in Paris as prosecutors announce fraud probe image
Source : Guardian [Read Article] Tuesday 24th of May 2016 12:09:39 PM
. French investigators have raided Google’s Paris headquarters, saying the company is now under investigation for aggravated financial fraud and organised money laundering. ...
HSBC criticises John Kerry over business with Iran request image
Source : Guardian [Read Article] Friday 13th of May 2016 03:35:03 PM
....HSBC was fined £1. 2bn by the US in 2012 for money laundering offences in relation to Mexico while Standard Chartered was fined more than £400m for breaching sanctions with Iran. ...

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