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Financial Crime
Editor's Picks
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Vought subordinate Levenbach at OMB tapped to head US CFPB
Stuart Levenbach, a US Office of Management and Budget energy official, has been tapped to head the US Consumer Financial Protection Bureau – an agency that Preside... (more story)
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US Fed supervisors told to defer to bank’s own enforcement audits
US Federal Reserve supervisors are being told to defer to a bank’s own audits in deciding whether to terminate enforcement actions against the firm. These decisions... (more story)
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Plea talks underway in Evita founder’s US cryptocurrency money laundering case
Iurii Gugnin, the founder of cryptocurrency payments firm Evita, is engaged in plea talks with the US government over allegations that he laundered more than $500 m... (more story)
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Mexican businessman Ramon Alexandro Rovirosa Martinez relied on third parties, including the domestic employee of his fugitive colleague, to deliver bribes to a Mexican official, a US agent testified Wednesday... (more story)
Georgia businessman Carl Zaglin was sentenced on Tuesday to 96 months in prison after he was found guilty of paying bribes to Honduran officials for contracts to supply uniforms to the country’s national polic... (more story)
Five individuals connected to a listed international IT company based in Switzerland are suspected of insider dealing to avoid millions of euros in losses, European investigators said Wednesday after a series ... (more story)
The jury in the trial of Mexican businessman Ramon Alexandro Rovirosa Martinez on Tuesday heard the full 90-minute recording of an interview Rovirosa had with a US law enforcement official investigating alleged corruption.
Lengthy criminal fraud trials in the UK would be heard without juries under a controversial set of proposals announced on Tuesday for a major shift in the country’s legal system aimed at clearing a backlog of ... (more story)
A Mexican businessman paid bribes to resolve his problems with Mexico’s state-owned oil company and continue receiving its business, prosecutors said at the start of his corruption trial, while the defense sai... (more story)
The US Commodity Futures Trading Commission is amending its Rules of Practice to enhance the transparency of the agency’s enforcement actions, and its Rules Relating to Investigations to augment due process, a... (more story)
President Donald Trump commuted the seven-year prison sentence of GPB Capital founder David Gentile, who was convicted of defrauding investors, The White House confirmed Monday. Gentile was released from custo... (more story)
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UK ambitions to remove juries from trials of all but the most serious cases have met sharp criticism from lawyers, but calls for judge-only trials are nothing new, and for complex fraud cases there has long be... (more story)
A bribery scandal involving one of Ukraine's major energy companies comes at a time when the war-torn nation is attempting to improve its economic-crime record and preparing to join the OECD's Working Group on... (more story)
As TD Bank cooperated with US authorities amid an investigation into suspected money laundering, the Canadian lender began to enforce its compliance program in a way that “intentionally targeted and disproport... (more story)
Comunicaciones Celulares, the Millicom subsidiary that did business as TIGO Guatemala, reached a deferred prosecution agreement with US authorities and agreed to a $118 million penalty. The agreement, unsealed... (more story)
When US authorities announced a massive illegal gambling bust in October that involved professional basketball players, officials said at a press conference that the sports betting companies that had processed... (more story)
In 2010, as JP Morgan Chase retained convicted sex offender Jeffrey Epstein as a client, its anti-money laundering compliance team worked on a project to protect the bank from misuse by human traffickers. The ... (more story)
The targeting of an alleged Cambodian scam factory by US and UK enforcers with sanctions measures can be seen a positive step in Anglo-American relations, but it’s unclear whether the action will herald a new ... (more story)
Handing the UK’s financial markets regulator responsibility for supervising accountancy and law firms in relation to money laundering is a bold move, but questions remain as to how the new “super regulator” wi... (more story)