ING has acknowledged the decision published today by the financial regulator in France, the Autorité de contrôle prudentiel et de résolution (ACPR), on ING in France, following its inspection in 2018, for shortcomings in its anti-money laundering (AML) and anti-terrorist financing framework.
Audit firm Deloitte PLT will pay Malaysia’s government $80 million to resolve all claims related to its auditing of accounts of scandal-linked state fund 1MDB and its unit SRC International from 2011 to 2014, the finance ministry said on 3rd March
Criminal complaints have been unsealed charging two Ecuadorian citizens for their alleged roles in a bribery and money laundering scheme involving Ecuador’s public police pension fund (ISSPOL).
Lithuanian businessman Rimandas Stonys, active in the energy sector, has been detained as part of an investigation into a fuel VAT fraud scheme, sources confirmed.
All around the world companies and organizations are evolving. We are no different. Welcome to The Project Economy. #TheProjectEconomy
Using forged bank statements, fake companies and by bribing bank workers, a woman conspired with a man to cheat three banks into disbursing S$1.77 million in loans.
Last year, staff working in bank, building society and post office branches joined with the police to prevent customers from losing more than £45 million of fraud through the Banking Protocol.
It’s a new type of digital asset - known as a non-fungible token (NFT) - that has exploded in popularity during the pandemic as enthusiasts and investors scramble to spend enormous sums of money on items that only exist online.
In one of the biggest scams, ED attached assets of Jain and associates who earned 565 crores in comission by helping politicians, bureaucrat launder money.
A series of controversial deals that took place before Wirecard AG purchased an Indian business appeared to be an “evolving international fraud”, a panel of London judges has said.
The EBA published on 1st March its final revised Guidelines on ML/TF risk factors. The revisions take into account changes to the EU Anti Money Laundering and Counter Terrorism Financing (AML/CFT) legal framework and address new ML/TF risks, including those identified by the EBA’s implementation reviews
Real estate agency Property Brokers failed to comply with Anti-Money Laundering and Countering Financing of Terrorism laws, the Department of Internal Affairs (DIA) said.
Easily accessible public registries from offshore jurisdictions combined with creative analytical techniques can help compliance and risk management teams unravel the mystery of offshore companies.
Bitcoin “mining” means throwing massive amounts of computer power at a mathematical puzzle, and the first computer to solve the puzzle finds the new bitcoins
Malaysian banking group AMMB Holdings Berhad (AmBank) said on Friday it will pay the government 2.83 billion ringgit ($699 million) to settle claims linked to a massive financial scandal at state fund 1MDB