— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News There is a principle of financial investigation so old that it’s often used in its original Latin: Cui bono? The question of who benefits, as the term translates, implies that, if you are trying to solve any crime — particularly one involving money — you must look for who stood to…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News Money laundering Money is the main cause for people to engage in almost any type of criminal activity. Money-laundering is the process of concealing the source of illicit funds or “dirty money.’’ Money laundering crimes are fraud and drug trafficking. It is…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News STOCKHOLM/COPENHAGEN (Reuters) – Loomis AB said it would investigate allegations it played a role in a Danish money laundering scandal, the Swedish cash-handling company said on Thursday. At its annual general meeting a day earlier a journalist from Denmark’s TV2 alleged that…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News COLUMBUS, Ohio – A bill that would legalize sports betting in Ohio was heavily changed Thursday to prevent people from using laundered money in the games. House Bill 194 also has changes to ensure Ohio conforms with the federal Wire Act, which the…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News Japan’s financial regulators are considering enacting new rules aimed at bitcoin exchanges as it steps up anti-money laundering countermeasures. This issue will also be raised at the forthcoming G20 Summit, which takes place in Osaka on June 28 and 29. Specifically, the Financial…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News We’ve all seen the reports of criminals carrying bags of money into casinos or buying luxury cars with stacks of neatly bundled bills. If real estate is the third part of this story, many may wonder just who exactly are B.C. realtors…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News The Financial Action Task Force (FATF) is also due to inspect Japan’s anti-money laundering regime in the Autumn. According to media outlet Nikkei, the Japanese Financial Services Agency (FSA) is desperate for a good review from the FATF. Japan received the lowest possible rating…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News MANILA – State prosecutors have charged 5 former and current Rizal Commercial Banking Corporation (RCBC) officials of facilitating money laundering in connection with the February 2016 $81-million Bangladesh Bank heist. Charged before the Makati City Regional Trial Court (RTC) Branch 141 were…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News FRANKFURT — Deutsche Bank shareholders had plenty of reasons to be unhappy as they converged in a Frankfurt concert hall Thursday for the troubled lender’s annual meeting. A record low share price. An aborted megamerger with crosstown rival Commerzbank. Money-laundering scandals. New revelations about the…
Even as the B.C. government reviews a pair of reports on money laundering, court documents obtained by CBC reveal an investigation into a Richmond man allegedly linked to thousands of dollars worth of suspicious casino transactions. According to information sworn to obtain a search warrant, the Richmond RCMP’s organized crime unit arrested the man for…
