All posts tagged "Embezzlement"
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259AML / KYCFugitive Former Banker from Bangladesh Arrested in India
PK Halder has been on the run since 2019 after allegedly defrauding multiple NBFIs in Bangladesh of more than $280,000.
May 23, 2022 -
286EnforcementKorea: Shinhan Bank Discovers Embezzlement by Employee
Days earlier a Woori Bank employee was arrested for embezzling KRW 61.4 billion between 2012 and 2018.
May 23, 2022 -
324AML / KYCKorean Police Arrest Woori Employee for Embezzlement
The theft occurred in three separate withdrawals between 2012 and 2018. It went undetected despite 11 inspections and audits at Woori during the period.
May 3, 2022 -
1.0KAustralia & NZAustralia: Deloitte Resolves Case of False Expense Claims
Former director Paul Quill has reportedly agreed to repay Deloitte for over A$3mn of personal purchases claimed as work expenditures.
April 22, 2022 -
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 -
401KoreaKorea FSS Seeks Stronger Audit Regulations to Prevent Fraud
The FSS will examine 180 companies and 17 audit firms this year, while also enhancing its audit screening exercises and strengthening punitive sanctions.
March 31, 2022 -
238ChinaChina Listed Companies Directed to Improve Financial Reporting
Listed companies are asked to improve the effectiveness of their financial reporting controls and the quality of their accounting information.
March 28, 2022 -
675EnforcementKorean Broker and Bank Penalised Over Optimus Mis-selling
NH Investment & Securities cannot sell new private equity funds for three months. Hana Bank cannot be appointed as a fund trustee for three months.
March 4, 2022 -
1.5KAML / KYCSuisse Secrets: Data Leak Reveals Criminals Clients at Swiss Bank
The data unearthed evidence that Credit Suisse accounts were used by clients involved in torture, drug trafficking, money laundering, corruption and other serious crimes.
February 21, 2022 -
1.4KEnforcementTaiwan FSC Fines Three Banks Over Client Fund Embezzlement
CTBC Bank was fined TWD 14 million, Bank SinoPac was fined TWD 4 million, and Bank of Panhsin was fined TWD 2 million.
January 3, 2022
