US Vice-President Dick Cheney is embroiled in Africa’s biggest corruption scandal following an admission of guilty by his business associate Albert Jackson Stanley in September for coordinating over $180m of bribes on behalf of a consortium led by Halliburton, the US’s biggest and most profitable oil and gas services company.
Lagos — Dakar-based regional body, Inter-Governmental Action Group Against Money, Terrorist Financing & Drug Trafficking, known for short as GIABA, will on May 27 hold an open-day event for Nigerian youths.
American anti-money-laundering officials racked up their biggest success to date when a British bank agreed to pay $350 million to the federal government and the Manhattan District Attorney’s office earlier this year for violating federal and New York state laws.
For more than a decade, the bank managers lived in high style, jetting to Las Vegas and Macau to bet millions at the baccarat tables, staying for free in casino hotels and lavishing gem-studded watches on their wives.
An Emirati newspaper says Dubai’s deputy police chief has denied a report that pirates have laundered their ransom money through banks in the Gulf city-state.
A former Ferrellgas Inc. employee accused of embezzlement from the company pleaded guilty Wednesday in federal court.
A British member of the European Parliament has been charged with false accounting and money laundering, the prosecutors’ office said.
A Member of the European Parliament and his assistant have both been charged with false accounting and money laundering after an investigation into claims that they misused thousands of pounds of expenses.
A businessman, attending the first day of his corruption trial at the Sessions Court here yesterday, was slapped with two additional charges of money-laundering.
“The complaint of money being transferred to foreign banks in Switzerland has been subject to investigations by top-notch agencies including the Directorate Revenue Intelligence (DRI),” said Congress candidate Pawan Kumar Bansal, while reacting to the allegations made by Bharatiya Janata Party that an amount of ‘Rs 70,000 lakh crore’ has been stacked away in Swiss banks.
Tax havens such as Panama came under intense scrutiny at the G-20 summit last week as the Organisation for Economic Cooperation and Development (OECD) issued a new tax-haven list, including Panama among 30 target countries that agreed to adopt international tax norms years ago but failed to do so.1 Focus on Panama’s tax-haven and money-laundering problems intensified in March when US Trade Representative Ron Kirk suggested at his confirmation hearing that the administration might consider bringing to Congress a controversial Bush-negotiated free trade agreement (FTA) with Panama.
The Legislative Yuan yesterday approved amendments allowing the government to freeze accounts suspected by the United Nations of usage for terrorism or money laundering.
While over 100 million children never get the opportunity to go to school, developing countries ...
GFI and Task Force Director Raymond Baker speaks in Norway in an event sponsored by ...
Developing countries are currently losing US$1 trillion dollars annually - 10 times the amount they ...
Washington lobbyists and lawyers helped launder millions of dollars for allegedly corrupt African politicians and ...
Huguette Labelle, Chair of Transparency International, presents the 2009 Corruption Perceptions Index (CPI), which ...
Global Financial Integrity (GFI) Director Raymond Baker will testify before the U.S. House of Representatives ...
May 15, 2009
An interesting story from the Las Vegas Review-Journal posted by Richard Murphy on his blog:...
May 16, 2009
Washington, DC — The House Financial Services Committee hearing today on official corruption, its ...
May 19, 2009
Much has been written about the role sleepy alpine countries and palm tree-laden Caribbean islands ...
May 19, 2009
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