All posts tagged "Bribery"
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404AML / KYCFinCEN Issues Guidance on Detecting Foreign Public Corruption
The advisory offers indicators to help FIs in preventing, detecting, and reporting suspicious transactions associated with kleptocracy and foreign public corruption.
April 18, 2022 -
818AML / KYCNew York Court Convicts Ex-Goldman Exec in 1MDB Case
Following an eight-week trial, former Goldman Sachs managing director Roger Ng was convicted on charges of bribery and money laundering. He faces up to 30 years in prison.
April 11, 2022 -
495AML / KYC
1MDB: Ex-BNM Governor’s Husband Embroiled in Police Probe
The police, rather than the anti-corruption commission, are investigating Datuk Tawfiq Ayman and his alleged involvement in 1MDB.
March 4, 2022 -
638EnforcementSFC Permanently Bans Ex-HSBC Employee Over Bribery Convictions
The former vice president accepted gifts as inducements to handle credit applications and maintain the credit facilities for two companies controlled by a client.
March 2, 2022 -
536EnforcementHK ICAC Charges Bank Employee and Two Others for Bribery
A relationship manager and two representatives of secretarial services companies allegedly offered and accepted bribes to help non-domestic clients open accounts with three Hong Kong banks.
March 1, 2022 -
798AML / KYC
Ex-Goldman Exec Alleges BNM Was Involved in 1MDB Graft
Tim Leissner said BNM approved a USD 1 billion overnight transfer out of 1MDB but that he could not independently verify whether a bribe was paid.
February 25, 2022 -
681ChinaFormer Bank of Qinghai Executive Jailed 18 Years For Corruption
A former chairman of China Postal Savings Bank and a former vice chairman of the CBRC have also been arrested on corruption charges.
February 25, 2022 -
729EnforcementSeoul Court Declares Lime Asset Management Bankrupt
Investors lost an estimated KRW 1.7 trillion. Lime Asset Management has a reported KRW 520 billion in debt, compared to just KRW 19 billion in assets, which will be liquidated.
February 24, 2022 -
634AML / KYCKorea’s KT Corp to Pay $6.3m for FCPA Violations
KT Corp maintained slush funds for nearly a decade which were used by executives and employees to bribe Korean and Vietnamese officials.
February 21, 2022 -
1.7KAML / KYCIn Conversation With Siddhant Sahai, Deutsche Bank
Siddhant Sahai says a greater focus on inter-bank relationship monitoring and timely sharing of information are needed to truly address financial crime risks.
February 16, 2022
