Oct. 27 (Bloomberg) — Singapore, where assets under management have risen fivefold to $1.2 trillion since 2001, said it will consider a “tougher penalty regime” and boost enforcement against money laundering and terrorist financing.
The city-state will also make laundering of proceeds from tax offences a crime, and tighten laws on tax evasion, said Ravi Menon, …
Read MoreThursday, October 27th, 2011 Category: Money Laundering No Comments
JOHN ELIGON, JAMES BARRON and ANDY NEWMAN
Michael Appleton for The New York TimesJohn F. Haggerty Jr. outside the Manhattan Criminal Courthouse on Thursday.
Updated, 12:40 p.m. | John F. Haggerty Jr., a Republican political consultant accused of stealing $1.1 million from Mayor …
Wednesday, October 26th, 2011 Category: Money Laundering No Comments
Documents to be released this week show there is no incentive for unemployed parents to take a job paying €28,000 a year, thanks to the high level of welfare benefits. The Department of Social Protection has found that a family on this wage earn just €89 a week more than if they were on social …
Read MoreSunday, October 2nd, 2011 Category: Business News No Comments
BARRY O’HALLORAN
TWO IRISH subsidiaries of online poker group Full Tilt are named as defendants in a case being taken by the US department of justice claiming that the company used player funds to pay $440 million to owners and board members.
Earlier this week US attorney Preet Bharara filed a complaint with a New York court …
Read MoreSaturday, September 24th, 2011 Category: Money Laundering No Comments
Paris (CNN) — Former French president Jacques Chirac and presidential hopeful Dominique de Villepin received “suitcases of cash” from African leaders to fund their electoral campaigns, a former political aide alleged over the weekend.
Robert Bourgi, a French-Lebanese lawyer and now a political aide to President Nicolas Sarkozy, told CNN on Monday that Chirac and Villepin …
Monday, September 12th, 2011 Category: Money Laundering No Comments
Thursday, September 8th, 2011 Category: Uncategorized No Comments
Topaz Group, which in March pulled an initial share sale inLondon, had its top management removed and jobs cut after parent Renaissance Services SAOG (RNSS)uncovered financial fraud at the company. Renaissance shares plunged.
Topaz Chief Executive Officer Fazel Fazelbhoy stepped down in May after oil and gas services provider Renaissance “uncovered some serious issues” at the …
Read MoreTuesday, August 16th, 2011 Category: Financial Fraud No Comments
Monday, August 8th, 2011 Category: Uncategorized No Comments
The “rogue trader” Nick Leeson who brought down Barings Bank has for the first time made a heartfelt apology to his former boss.
He told Peter Norris, now Chairman of Virgin Group Holdings, of his remorse after the two were brought together for a BBC radio programme.
Mr Leeson brought down Barings Bank with losses of …
Read MoreMonday, August 8th, 2011 Tags: business news
Category: Events No Comments
A student who stole 299 rare bird skins from the Natural History Museum to fund his studies has been ordered to pay back £125,000 (€142,821).
Edwin Rist, 22, from the US, was given a suspended jail sentence in April after admitting burglary at the museum in Tring, Hertfordshire, in June 2009. He also …
Tuesday, August 2nd, 2011 Category: Money Laundering No Comments