Electronic circuit in shape of pound symbol

17 May, 2021

Fraud vigilance should be bolstered with the aid of technology

Traditionally, accountants have prided themselves on building client relationships based on mutual trust and an informal assessment of character. They have often satisfied themselves that a new client...
Commonwealth Bank

5 June, 2018

Commonwealth Bank faces record fine over money laundering failings

Commonwealth Bank, Australia's largest bank, is to pay a fine of AU$700m (£400.3m; €456.8m) to resolve a money laundering case. It is thought to be the biggest civil penalty ever imposed in Aust...
Oil refinery

12 April, 2018

Former Afren chiefs disqualified as directors by Insolvency Service

Top directors of former FTSE 250-listed oil company Afren have been disqualified from running companies for 14 years. Osman Shahenshah, the former chief executive of Afren, and Shahid Ullah, former...
trade, global trade

3 May, 2017

‘Misinvoicing’ accounts for majority of illicit financial flows in global trade

A huge 87% of illicit financial flows can be attributed to fraudulent misinvoicing, accord...
EU, European Union, European Commission

30 March, 2017

Legal & Regulatory Roundup – Europe

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Far East, Hong Kong, Asia

21 March, 2017

Legal and regulatory roundup: Asia

Hong Kong beefs up anti-money laundering and corporate disclosure laws Hong Kong’s government is in the process of improving its anti-money laundering and corporate disclosure laws in a mo...
Far East, Hong Kong, Asia

11 March, 2017

Hong Kong beefs up anti-money laundering and corporate disclosure laws

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euros, cash, money laundering

28 February, 2017

Money laundering could be judged under criminal law

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