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BRITAIN likes to see itself as a leader in the fight against illicit finance and corruption. The government has recently been talking even tougher, as worsening relations with Russia have focused attention on the number of oligarchs who have interests in London.
Amid the chaotic, whim-based foreign policy of the Trump administration, a growing number of writers and thinkers are asking what the left-wing, anti-Trump foreign policy is, exactly. When Trumpism burns itself out, what will the world look like? Columbia University professor Jeffrey Sachs has presented one vision in his new book, A New Foreign Policy: Beyond American Exceptionalism.
When the boss of Denmark’s biggest lender Danske Bank (DANSKE.CO) resigned over a €200bn (£174.9bn, $321bn) money-laundering scandal, it highlighted how the industry is still grappling with stemming money-laundered cash flowing illegally through their systems.
WHEN Bill Browder investigated a $230m fraud perpetrated by Russian officials against his investment company, Hermitage, he uncovered a money trail that led to several financial centres, including London. At least $30m of the stolen money flowed into British banks.
“Digital currencies could provide a way for both Iran and Russia to avoid U.S. dollar transactions, as well as a possible replacement of the SWIFT interbank payment system.”
A series of major scandals in Denmark is testing its status as one of the world’s least corrupt nations, with Transparency International warning that its image may now be at risk.
SEOUL, South Korea (AP) — South Korea on Thursday walked back on a proposal to lift some of its unilateral sanctions against North Korea following U.S. President Donald Trump’s blunt retort that Seoul could “do nothing” without Washington’s approval.
Teenage money mules recruited into an illegal and dangerous world have described how they got caught up in criminal networks.
BEIJING (Reuters) - China will improve its supervision mechanism for combating money laundering and for countering terrorism financing, the country’s central bank said on Wednesday.
In the context of an investigation of the Belgian Federal Prosecutor’s Office, led by the investigating judge of Limburg, 44 searches were conducted this morning across Belgium. 13 searches were also carried out in other States, particularly France, Cyprus, Luxembourg, Montenegro, Serbia and fYROM.