Vietnam’s Biggest Corruption Trial Starts
One of Vietnam’s biggest corruption trials began in HanoiMondaywith dozens of former bank executives facing jail time for...
Money Laundering
U.S. Fines California Bank for Allowing Money Laundering
A California bank must pay a US$ seven million fine for "willful violations" of several anti-money laundering...
Spain: Ex-IMF Chief Sentenced to Jail for Embezzlement
Spain's National Court sentenced on Thursday former IMF chief Rodrigo Rato to four and a half years in prison for misusing...
Swiss Probe Lombard Odier in Uzbek Money Laundering Case
Swiss prosecutors announcedThursdaythat they are investigating whether private bank Lombard Odier failed to prevent the...
Cleaning Finances, Vatican Froze Suspicious €2 Million in 2016
As part of Pope Francis’ efforts to clean up the finances of the Holy See, the Vatican announced it froze more than two...
Swiss Authorities Order Scottish Bank to Pay Back Millions of Illegal Profits
Swiss financial authorities have ordered Scottish bank Coutts & Co. Ltd to pay back 6.5 million Swiss francs (US$ 6.57...
Six Brits Jailed for Sending Bank Clients into Bankruptcy while Blowing their Millions Away on Sex Parties, Vacations and Gifts
A British court sent a former banker and five accomplices to jailThursday for siphoning millions from small businesses to...
Deutsche Bank to Pay Millions in Fines for Helping Wealthy Russians Launder US$ 10 Billion
Deutsche Bank said Monday it will pay US$ 625 million to US and UK financial authorities to settle charges that it helped...
Ukraine: Kyiv Police Arrest Uzbek Citizen Wanted for Financial Crimes Worth Hundreds of Millions
Ukrainian border control officials arrested an Uzbek citizen wanted internationally for fraud in Ukraine, the Kyiv...
United States: Western Union Admits to Helping Wire Fraud; Will Pay US$ 586 Million to Victims
Western Union has agreed to pay US$ 586 million for willingly allowing criminals to use its services for money laundering...
Vietnam: Police Arrest Ex-Bankers for Fraudulent Loans
Vietnamese anti-corruption police arrested seven former members of TrustBank’s Credit Board for allegedly approving illegal...
Deutsche Bank, Credit Suisse Willing to Pay $12 B to Settle US Investigations
Financial giants Deutsche Bank and Credit Suisse stated on Friday they were willing to pay more than US$ 12 billion to...