All posts tagged "Bribery"
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1.6KAML / KYCPEPs in the Limelight: Three Components to Mitigate Risk
To understand the money laundering risks they face, financial firms need a robust and scalable approach to PEP identification and due diligence, says Refinitiv’s Michael Meadon.
August 20, 2020 -
667ChinaChina: Ex-Huarong Chairman Pleads Guilty to Taking Bribes
Lai Xiaomin took almost 1.8bn yuan in bribes over ten years and colluded with others to embezzle over 25mn yuan in public funds. His sentence will be announced at a later date.
August 14, 2020 -
763Capital RegulationPBOC Authorises Bankruptcy Filing of Baoshang Bank
The decision was made based on “severe insolvency” found at Baoshang Bank. The last commercial bank allowed to go bankrupt in China was in 2001.
August 7, 2020 -
1.9KAML / KYCNew Report Highlights Ineffectiveness of Global AML/CTF Systems
A lot of countries may have strong AML/CTF systems in place, but in practice they are not working, says a new report from the Basel Institute on Governance.
July 26, 2020 -
2.1KAML / KYCSustainable Supply Chains and the Role Banks Play
Incoming rules from the EU, UK, Singapore and Hong Kong highlight the need for banks to gain a better understanding of the third party and supply chain risks their customers face.
July 15, 2020 -
668ChinaEx-ICBC Shanghai Boss Pleads Guilty to Bribery
Prosecutors said Gu Guoming took advantage of his position to help others obtain loans and project contracts, and illegally received bribes worth over 136 million yuan.
July 8, 2020 -
2.0KAML / KYCEconomic Downturn Presents Opportunities for Corporate Fraud
Drawing from the Fraud Triangle Theory, Alvarez & Marsal's Chris Fordham discusses how the current crisis has created a perfect storm for fraud and misconduct.
July 3, 2020 -
475ChinaChina: Former Insurance Regulator Jailed on Corruption Charges
Xiang was fired from his post as the CIRC's chairman in April 2017, and placed under investigation for accepting CNY 18.6 million in bribes between 2005 and 2017.
June 18, 2020 -
316ChinaFormer CSRC Official Jailed for 12 Years for Bribery, Insider Trading
The case against the CSRC's former Hunan bureau head was said to be linked to a probe into CSRC former vice chairman Yao Gang, who was jailed for 18 years in 2018.
June 17, 2020 -
595AML / KYCHong Kong ICAC Charges Four for Defrauding DBS Bank
The individuals are charged for money laundering, bribery offences, and for using false documentation to defraud DBS into issuing letters of credit worth HK$75.3mn.
June 8, 2020
