These are the banks caught up in Russian money-laundering scandal

2019-03-06 08:41

Several European banks have been linked to a Russian money-laundering scandal, with investigations underway in the Baltic nations, the US, the UK and the Nordic countries.

Reserve Bank fines HSBC for poor controls preventing money laundering, terrorism

2018-11-09 19:14

The SA Reserve Bank's Prudential Authority has disciplined HSBC Bank Johannesburg for weaknesses in its processes that prevent the bank from "proactively detecting potential money laundering and the financing of terrorism".

Over 50% of companies in Africa victims of financial crime - report

2018-05-25 09:20

Africa has a higher percentage of companies affected by financial crimes than the global average, according a Thomson Reuters survey.

Spain smashes ring impersonating Vatican bank

2018-02-02 20:16

Spanish police have smashed a ring that allegedly operated a fake branch of the Vatican Bank and swindled people around the world.

Court frees Malawian tycoon’s millions

2017-09-10 06:00

Malawian-born businessman Simbi Phiri, who is based in South Africa, has realised a major victory in Botswana’s Lobatse High Court, which ordered the release of his R24 million that was frozen.

Security cluster 'snookered' by anti-money laundering move

2017-08-15 09:57

The chairing of a new committee to combat money laundering by Treasury has snookered the security cluster's attempts to control the Financial Intelligence Centre, says the DA.

Audit watchdog probes KPMG's role in Gupta wedding saga

2017-07-01 14:02

The audit regulator says it is launching an investigation into global consultancy KPMG's audits of a company allegedly at the centre of the Gupta wedding scandal.

SARB fined banks R46.5m in 2016 for control weaknesses - report

2017-05-26 10:57

The South African Reserve Bank fined banks a total of R46.5m in 2016 due to weaknesses in their control measures.

SA off the hook over FICA delays - for now

2017-02-27 16:33

SA has been given a breather when the Financial Action Task Force decided not to publicly rebuke the country for failing to sign into law amendments to the Financial Intelligence Centre Act.

SA faces public rebuke over FIC Bill delay

2017-01-03 13:01

South Africa could face a public rebuke from the Financial Action Task Force for failing to sign amendments to the Financial Intelligence Centre Act into law.


Swedbank scandal puts spotlight on CEO's history of denials

2019-02-22 20:15

Swedbank was forced to backtrack on its previous assertions and has now acknowledged that it also handled suspicious transactions, which it says have been reported to the police.

Pablo Escobar's widow and son have been charged with money laundering in Argentina

2018-06-06 21:27

Escobar's widow and son and a former Colombian soccer player have been accused of participation in a money-laundering scheme involving a Colombian drug trafficker.

Bad guys sometimes sit in Sandton offices – expert

2018-05-24 20:48

"Bad guys" don't always lurk on the corner with a gun – sometimes they're professionals in Sandton offices, says Michael Meadon, a governance and risk management expert at Thomson Reuters South Africa.

Force India boss Vijay Mallya faces new money-laundering charges

2017-10-04 13:21

The Indian government has brought a new money-laundering charge against a prominent Indian tycoon who is fighting extradition from Britain.

UK seeks tougher laws on corporate financial crime

2017-09-04 12:15

Prosecutors and anti-corruption lobbyists have pressed the government to widen UK corporate liability laws to make them more akin to the US.

EFF student command pursue charges against UJ senior officials

The EFF student command from the University of Johannesburg's Auckland Park campus are opening cases of money laundering and fraud at the Brixton Police station against two senior members following fraud allegations.

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UPDATED: Bank threatens to close Zuma’s wife’s account – report

2017-06-11 17:49

Absa bank has threatened to close the bank account of President Jacob Zuma’s wife, Tobeka Madiba-Zuma over suspicious flows, according to a report.

Panama Papers: Nearly 2000 South Africans identified

2017-03-15 11:54

Altogether 1 917 cases involving South African residents have been identified in the Panama Papers scandal, the South African Revenue Service has told MPs.

Gupta-linked VR Laser mum on bank account closures

2017-02-03 13:39

VR Laser's CEO has declined to comment on the Bank of China's decision to sever ties with the company.

Bank bombshell: The Guptas won't run away - lawyer

2016-12-15 21:58

Every allegation against the Gupta family, by banks who stopped doing business with them, will be dealt with in detail, says lawyer Gert van der Merwe.

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