The UK will be financially strapped after Covid and Brexit. It will be asked: why are we wrapping our businesses in regulatory red tape that came from Europe anyway? Some elements will say, anti money laundering directives from Europe and bribery and corruption initiatives from Europe and the ECB should …
Misselling health products online is being investigated by Italian police. “A kit that included just two masks, two pairs of gloves and a PVC suit was sold for 400 euros ($445),” Giovanni Lupi, who led the investigation in Turin. People had advertised products, such as herbal supplements, promising without any …
Covid has unleashed a scourge of fraud and economic abuse on a global scale. This website will document it and its mutation as the pandemic enters a new phase of management and control. It will also look at how law enforcement handles the scourge and how it seeks to bring …
People’s health is at risk if they are tempted into buying a covid vaccine privately, says OLAF, the EU’s police force. It is investigating the criminal provision of fake or illegally obtained and therefore unreliable Covid vaccines by fraudsters cashing in on Covid panic. Such a fraud affects directly people’s …
Fury over Wirecard AG puts regulators in the frame Published 24-Jun-2020 by Nick Kochan The Collapse of Wirecard has sent German markets and shareholders groups into paroxysms of anger. The much vaunted long-termism of German investors could not be more at variance with the behavior of the Wirecard board. Hence the …
A whistleblower has contacted Hermitage Capital Management, the company of investor Bill Browder, disclosing the details of a full-service money laundering package provided by the Estonian branch of Danske Bank. This whistleblower, whose name is not yet known, provided Hermitage with the details of the full-service package available to Russian …
Airbus in talks to settle fraud claims for £1 billion NICK KOCHAN Friday 15 September 2017 12:02 0 comments The Serious Fraud Office and French prosecutors are in close discussion over the terms of a £1 billion-plus settlement for Airbus over corruption allegations. The deal, called a Deferred Prosecution Agreement …
Jul 18 2017 Nick Kochan, published in ThomsonReuters Compliance Complete Companies seeking out-of-court settlements in Belgium will face demands for greater transparency following the publication, expected towards the end of the year, of a report drawn up by a committee of 18 parliamentary representatives. One key finding will be the …
HSBC’s decision to walk away from its proposed $8 billion acquisition of a controlling stake in Nedbank is little short of dramatic. It poses a plethora of questions: why did HSBC do it; what happens to Nedbank; what does it say about the attractiveness of South African banks to global …
When Nigeria comes to the market this month with a £500m sovereign bond, investors will scrabble to get a piece of it. The $500 million ten year bond will be heavily oversubscribed as African credit moves away from the fringe of the emerging market universe to dead centre. Africa is …
