The former managing director and vice chairman of Swiss Bank pleaded guilty on Wednesday for his role in the laundering of over one billion dollars that were embezzled from Venezuela’s state-owned oil company, the US Department of Justicesaid.
Swiss mining conglomerate Glencore PLC issued a statement on Wednesday, saying it will cooperate with a U.S. corruption investigation into the firm’s activities in the Democratic Republic of Congo, Venezuela, and Nigeria.
The Swiss government should try harder to fight corruption, according to a report issued by the Swiss Federal Audit Office on Thursday.
The US Justice Department Monday ordered Glencore, a Switzerland-based mining giant, to hand over documents relating to alleged money laundering and corruption. Following the announcement, shares in the firm hit a one-year low.
A Swiss lawyer will spend two months in jail after telling British and US authorities that his clients, two Russian oil traders, violated sanctions on Iran, Bloombergreported Wednesday.
Switzerland needs to do more to protect whistleblowers, prosecute companies and apply tougher sanctions, the Organisation for Economic Cooperation and Development has said, following the publication of an anti-bribery report in the Alpine nation.
Swiss police arrested on Monday two executives in connection with a lawsuit launched by the Venezuelan state oil company PDVSA against a group of partner companies, claiming they had stolen billions in oil revenues from Venezuelans, the Washington Postreported.
Kenya’s anti-corruption authorities say they will retrieve close to US$3.7million that was taken illegally by former Kenya Power officials, The Standard reported Friday.
The Tax Justice Network released their Financial Secrecy Index on Tuesday, ranking Switzerland and the United States as the top two countries most attractive for tax evaders and money launderers. This is the second time in a row that the US has risen on the index, marking a fall in terms of transparency.
A wealthy Israeli businessman who was implicated in the Paradise Papers leak is being investigated by the Department of Justice for allegedly bribing high-ranking officials in the Democratic Republic of Congo, the Guardian reported Sunday.
The Office of the Attorney General of Switzerland (OAG) announced on Thursday it is investigating the former head of Paris Saint-Germain (PSG) football club and beIN media agency and a former FIFA top-level executive over allegations of corruption.
The aide of former president Goodluck Jonathan and three other Nigerian ex-officials have been named in a massive US$ 20 million Swiss bribery scandal, media reported Sunday.
The anti-corruption prosecutor in charge of investigating members of Spain’s ruling party resigned Thursday after media claimed that he holds a 25 percent stake in an offshore company in Panama.
The Swiss Leaks saga - a giant tax evasion scheme revealed in 2015 by a whistleblower - continued Wednesday with French newspaper Le Monde’s claim that three Malian Catholic Church leaders have bank accounts in Switzerland with € 12 million on them.
French authorities questioned former FIFA president Sepp Blatter as part of a corruption probe into FIFA’s vote for Russia and Qatar to host respectively the the 2018 and 2022 World Cups, Le Monde reported Thursday.
A Brooklyn federal judge on Monday ordered Brazil’s engineering giant Odebrecht to pay a US$2.6 billion fine to Brazil, Switzerland, and the U.S. after the company admitted in December to running a vast bribery operation, the BBC reported.
The Hong Kong Monetary Authority (HKMA) fined the private British bank Coutts HK$ 7 million (US$ 900,000) Tuesday for breaching anti-money laundering rules, after the bank had been hit with similar fines in Switzerland and Singapore for its connection to Malaysia’s 1MDB scandal.
Italian authorities seized on Monday assets worth €20 million from a family accused of extortions, racketeering and counterfeiting cigarettes and oil in the city of Naples.
Dutch and British authorities launched Friday major investigations into money laundering and tax evasion, coordinating raids in five countries and arresting two people linked to a Swiss bank.
Greece’s chief corruption prosecutor, Eleni Raikou, resigned this weekend after being targeted by "unofficial power centers" over her investigation into alleged bribery of state officials by a Swiss pharmaceutical company.
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