Financial Crime

The UK’s growing money-laundering problems are to be confronted by an apparently ambitious new government plan outlined this week, even if questions remain on how the results will be quantified and whether the... (more story)

Corporate decision-making and management of telecommunications giant Huawei Technologies was centralized in China, several former employees testified at the company’s high-profile US trial in New York federal ... (more story)

The confirmation of a lifetime ban for disgraced high-profile asset manager Crispin Odey this week has provided a prime example of the kind of non-financial misconduct new regulations for the UK financial serv... (more story)

The ending of a long-running legal saga with Eurasian Natural Resources Corporation will have cost the UK's fraud agency millions of pounds in legal and settlement costs. But while the case has been wrapped up... (more story)

The burdens and costs of complying with a rule requiring reporting of certain US residential real estate transactions appear to be far lower than the government had projected or than a company suing to overtur... (more story)

A new US rule permanently eliminating corporate ownership disclosure requirements on Americans was condemned by lawmakers, observers and others as encouraging money laundering in the US. The US Treasury Depart... (more story)

New UK legislation broadening the liability for companies whose senior managers commit wrongdoing brings increased pressure for corporates to map out the exposures they face. But while enforcement could be som... (more story)

A UBS brokerage unit didn't update the risk profiles associated with certain customers in line with its anti-money laundering compliance obligations, according to its recent settlement with the US Treasury Dep... (more story)