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Financial Crime
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Mexican businessman found guilty in mixed verdict in US bribery trial
Mexican businessman Ramon Alexandro Rovirosa Martinez was convicted in the US of paying bribes to officials of Mexico’s state-owned oil company in exchange for cont... (more story)
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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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A federal jury in Brooklyn, New York convicted a Florida businessman on Friday on charges stemming from his role as the leader of an organization that laundered more than $300 million on behalf of drug traffickers and others.
The US Treasury Department on Friday removed sanctions on a Brazilian judge who had presided over the coup trial of jailed former Brazilian President Jair Bolsonaro.
A Florida businessman knew he was laundering money for criminals and continued to do so for years, prosecutors said Thursday during their closing argument in his trial, while the defense said the government’s ... (more story)
In a Thursday filing to the Hong Kong stock exchange, ZTE said it had “noticed” the recent media report regarding an investigation into the company’s compliance with the US Foreign Corrupt Practices Act, and i... (more story)
The cryptocurrency trading platform Paxful has settled with US authorities over anti-money laundering compliance failures that enabled illicit actors like commercial sex-trade websites, darknet marketplaces an... (more story)
US federal prosecutors decided to end their effort to sustain the convictions of a former Fox Sports executive and a sports marketing company in a corruption case linked to broadcasting rights for internationa... (more story)
Former oil trader Glenn Oztemel was sentenced Tuesday to 15 months in prison after he was found guilty in the US of paying bribes to Brazilian officials for business with Petrobras, the state-run energy compan... (more story)
The UK government has pledged to fight corruption with tougher enforcement, tighter standards across public life and a crackdown on illicit finance amid warnings that national security and public trust are bei... (more story)
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The US corruption trial of Mexican businessman Ramon Alexandro Rovirosa Martinez featured no fact witnesses, which led the judge to block the government from introducing most of its evidence until their closing argument.
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)