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Financial Crime
Editor's Picks
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New UK plea deal guidance won’t change much but gives companies more certainty
New guidance to help UK companies self-report white-collar crime to escape prosecution won't lead to any sudden flood of confessions to the Serious Fraud Office, bu... (more story)
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Speed of reporting is decisive in UK SFO guidance on avoiding prosecution
The speed with which a company self-reports criminal wrongdoing to the UK’s Serious Fraud Office has emerged as the decisive factor, in guidance published today on ... (more story)
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Biggest check on Trump's urge to fire Fed's Powell likely to be US markets
As US President Donald Trump tries to expand control of the government by ousting Democrats at independent agencies, he now may be considering termination of the mo... (more story)
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Two private equity executives were sentenced to prison today after they were convicted of defrauding investors by misrepresenting the performance of investment funds and the source of distribution payments. Wh... (more story)
The former chief executive of a defunct Austrian bank pleaded not guilty and was ordered detained following his extradition to the US to face charges over his alleged role in a scheme to help a Brazilian congl... (more story)
Swiss banking giant UBS faces an appeal over a legacy accusation that rival Credit Suisse, which it took over two years ago, failed to prevent an employee from laundering the proceeds of Bulgarian drug money t... (more story)
A celebrity art dealer has become the first person in the UK to be charged and plead guilty to charges of failing to make disclosures under the country’s terror financing laws. Oghenochuko Ojiri, 53, will be s... (more story)
The brothers Matthew and Nikolas West today pleaded guilty to making thousands of pounds’ worth of profits from insider dealing in the shares of five companies. The pair will be sentenced in July and could fac... (more story)
The defense lawyer for the former Safemoon chief executive on trial for fraud and money laundering conspiracy challenged the government’s star cooperator today over claims he and the firm made to investors abo... (more story)
The UK’s sanctions enforcer warned today that it takes a “dim view” of companies that delay or fail to respond to information requests it sends, as it revealed a penalty on a business in the oil shipping secto... (more story)
A former Safemoon executive admitted at the US fraud trial of his colleague that the decentralized finance organization’s token was a “rug pull” and that they had taken out investor funds without disclosing the withdrawals.
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The UK’s sanctions enforcer took to its blog today to get across the message of how seriously it takes non-compliance with information requests. A recent penalty that OFSI imposed on Svarog Shipping & Trading ... (more story)
Gambling operator Entain has moved to put itself on a firmer footing, with the recent appointment of Stella David as its head. Near the top of her to-do list is likely to be how to handle civil action taken ag... (more story)
When Huione Group was contacted last year by an Australian media outlet about allegations that it was being used to launder money for the online scam industry, the Cambodian financial conglomerate acknowledged... (more story)
Two lawsuits arguing that a US rule requiring real estate professionals to file reports about certain property deals is unconstitutional appear to follow a legal strategy recently employed against an anti-mone... (more story)
New guidance to help UK companies self-report white-collar crime to escape prosecution won't lead to any sudden flood of confessions to the Serious Fraud Office, but taken alongside upcoming legislative change... (more story)
A former Smartmatic executive’s early cooperation with US authorities gave the government new leads as they investigated a bribery scheme involving the voting machine company’s efforts to secure contracts in t... (more story)
As the US Justice Department steps back from criminal enforcement of regulatory violations by the cryptocurrency industry, judges are starting to weigh whether the change could affect ongoing cases.
A new rule from the Trump administration doesn’t appear to mollify the small businesses and trade associations challenging an anti-money laundering law that the regulation was written to soften. According to c... (more story)