Russian VTB Bank in frame for rigging auction

London judge rules auction-rigging case can go to full trial CommentEmailSavePrint Mar 06 2018 Nick Kochan A London commercial court judge has given a provisional ruling that a case alleging VTB Capital, a Financial Conduct Authority-regulated institution, rigged an auction to sell Bulgaria’s largest telecommunications company, should go to full trial. …

Corruption in South Africa

furosemide 10 mg tablets   Corruption puts South Africa in peril   When corruption becomes endemic, it is not just isolated individuals or parts of the economy that are undermined, but the rules of the game are changed possibly irreversibly. This can have far-reaching consequences  The body politic ails grievously as a result.  Corruption …

Singapore tightens up

Singapore is set to beef up its guidelines against money laundering and terrorist finance. The country’s regulator has announced plans to revise its guidelines regulating financial institutions and the fight money laundering and the funding of terrorism. These will complement the government’s latest laws, passed in 2002, to combat criminal …

Hong Kong at Laundering’s Cutting Edge

Hong Kong and Singapore face a money laundering clampdown in the next few months as local banking organisations and regulatory authorities launch rulebooks bringing local rules in line with international standards. These standards are recommended by the Financial Action Task Force (FATF) and the Basel Committee. Some Asian financial institutions …