Documents leaked Sunday from a Panama law firm showed alleged use of anonymous shell companies by world leaders, politicians and others to shield billions of dollars from public view.
Two former Julius Baer bankers pleaded guilty Thursday and the Swiss bank paid $547 million to settle a criminal case for helping clients cheat on their U.S. taxes.
Daniela Casadei, a Swiss citizen, and Fabio Frazzetto, and Italian, each pleaded guilty in Manhattan federal court to conspiracy to defraud the IRS, to evade federal income taxes, and to file false federal income tax returns. … Continue Reading
The Singapore Commercial Affairs Department and the Monetary Authority of Singapore said Monday they have seized a “large number” of bank accounts linked to a money laundering investigation involving the Malaysia state investment fund 1MDB.… Continue Reading
The FIFA scandal involves the illicit paying and receiving of monies in relation to marketing rights, elections, and host country bids. And though both the U.S. and Switzerland have now begun formal criminal proceedings, with 15 total defendants and myriad criminal counts, there are absolutely no bribery charges.… Continue Reading
As we have said so many times before, the first step in addressing corruption is convincing the world that systemic corruption is not an immutable feature of human society.
That we can take effective steps to reduce it; that it should become the exception rather than the rule.… Continue Reading
So far, the federal government and 28 U.S. states have opened investigations into VW’s emission test cheating. Other countries investigating VW or its former CEO include South Korea, Switzerland, France, Italy, and Germany.… Continue Reading
A journalist asked me, “Why are we focusing so much on corruption in soccer? Aren’t there bigger problems in the world?”
It’s a fair point. Corruption in soccer is certainly not among the world’s biggest problems.… Continue Reading
The Swiss enforcement authorities have just opened criminal proceedings against Sepp Blatter for improper financial transactions involving Jack Warner and Michael Platini.
To date, with FIFA as with the FCPA, the U.S.… Continue Reading
U.S. Attorney General Loretta Lynch said Monday the investigation into graft at FIFA has expanded and she anticipates “pursuing additional charges against individuals and entities.”
Zurich-based UBS AG agreed to pay just over $1.7 million to resolve civil allegations that it processed 222 transactions for a client that apparently violated U.S. anti-terrorism sanctions.
“Multiple business lines and personnel within UBS, including supervisory and management staff within the bank’s compliance department, had actual knowledge of the conduct that led to the apparent violations,” the U.S.… Continue Reading
The U.S. Justice Department took another big step in its investigation of bribes allegedly paid by Russian and Swedish companies to the eldest daughter of Uzbek President Islam Karimov in exchange for access to the country’s telecoms market.… Continue Reading