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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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Whistleblowers who report tax fraud to the UK authorities now have a formal reward program, the government has said. The tax authority has been able to use its discretion to reward informants, but the governme... (more story)
Voting-machine producer Smartmatic has asked a US judge to hold a hearing in December to discuss a new trial date after it was named as a defendant in a superseding indictment in a corruption case. Smartmatic ... (more story)
A former Jefferies International employee has been charged with insider trading by the UK’s financial regulator after allegedly passing secret takeover information to a close friend.
UK corporate compliance programs will face six tests by the country’s fraud agency when it weighs prosecution decisions for suspected wrongdoing, the Serious Fraud Office said in updated guidance following the... (more story)
UK retailer WHSmith is facing questions from the country’s financial regulator following US accounting issues earlier in the year that saw tens of millions of dollars wiped off the value the company. The Finan... (more story)
US community banks were relieved of system-data collection for money laundering risk by the Office of the Comptroller of the Currency as well as some Bank Secrecy Act/Anti-Money Laundering examination procedur... (more story)
A New York state judge on Monday denied a request to stay Smartmatic’s $2.7 billion defamation suit against Fox based on federal corruption charges against the voting machine company. Smartmatic, which is char... (more story)
An executive at Dutch shipbuilder Damen Shipbuilders has struck a plea deal with prosecutors over bribery allegations involving the company. Another individual linked to the company has also signed a court-app... (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)