Last week was a bad week for the big four accountancy firms. the Paradise Papers revealed more about how the big four created a number … Bad week for the big fourRead more
Corruption
Posted inBank / Corruption / News
UBS to Pay $1.5 Billion Fine for Libor Rigging
The Swiss banking giant UBS has been ordered to pay a $1.5 billion fine for its role in the manipulation of the London Interbank Offered … UBS to Pay $1.5 Billion Fine for Libor RiggingRead more
Posted inBank / Corruption / News
Ukraine’s Top Bank Lent Owner’s Lieutenants $1 Billion Before Nationalization
Between mid-2015 and mid-2016, Privatbank, the largest bank in Ukraine, handed out over US$ 1 billion in loans to firms owned by seven top managers … Ukraine’s Top Bank Lent Owner’s Lieutenants $1 Billion Before NationalizationRead more
Posted inBank / Corruption / ToMl
UK at centre of secret $3bn Azerbaijani money laundering and lobbying scheme
Azerbaijan’s ruling elite operated a secret $2.9bn (£2.2bn) scheme to pay prominent Europeans, buy luxury goods and launder money through a network of opaque British … UK at centre of secret $3bn Azerbaijani money laundering and lobbying schemeRead more
Posted inCorruption / Politics / ToMl
Politics Markets and Corporate Probation
Digging through the Corporate Crime Reporter archives earlier this month, we came across a 1992 University of Delaware PhD dissertation titled Crafting Corporate Crime Controls: … Politics Markets and Corporate ProbationRead more
Posted inCorruption / Tax / ToMl
What is a Laundromat?
The Azerbaijani Laundromat is the name given to a complex money-laundering operation that handled US$ 2.9 billion over a two-year period thanks to four shell … What is a Laundromat?Read more
Posted inCorruption / Politics / ToMl / USA Empire
Obama’s $400,000 speeches
Unabashed. Shameless. Provocative. Such words perhaps begin to do justice to the decision by former president Barack Obama to accept payments of $400,000 for each … Obama’s $400,000 speechesRead more
Posted inCorruption / Education / News / Tax
Top US universities use offshore funds to grow their huge endowments
More than 100 US universities and colleges have interests offshore where they pay little or no tax and seek to grow their already phenomenal riches … Top US universities use offshore funds to grow their huge endowmentsRead more
Posted inBank / Corruption / ToMl
The oil deal, the disgraced former minister, and $800m paid via a UK bank
Britain’s commitment to tackling high-end money laundering through the City of London is under serious scrutiny after it emerged that regulators appear to have waved … The oil deal, the disgraced former minister, and $800m paid via a UK bankRead more
Posted inCorruption / News
CFTC Fines Cargill $10 Million
The Commodity Futures Trading Commission (CFTC) has fined Cargill $10 million for providing mid-market marks that concealed from counterparties and its swap data repository (SDR) … CFTC Fines Cargill $10 MillionRead more