Commonwealth Bank

5 Jun, 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 Apr, 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, accordi...
EU, European Union, European Commission

30 Mar, 2017

Legal & Regulatory Roundup – Europe

[caption id="attachment_3566" align="alignleft" width="300"]
Far East, Hong Kong, Asia

21 Mar, 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 Mar, 2017

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

[caption id="attachment_3989" align="alignleft" width="300"]
euros, cash, money laundering

28 Feb, 2017

Money laundering could be judged under criminal law

[caption id="attachment_4099" align="alignleft" width="300"]