Swiss authorities have frozen millions of dollars linked to a state-run Malaysia investment fund engulfed by the biggest financial scandal in the country’s history. Swiss authorities probing alleged corruption at Malaysia’s state investment fund have frozen funds worth tens of millions of dollars.  The Office of the Attorney General has frozen the money held in […]

Included in this round up: Two jailed for a total of 9 years in £5 Million money laundering case London’s money-laundering ‘enablers’ face crackdown New crime unit to investigate corruption affecting developing countries Iraqi prime minister unveils anti-corruption measures FCA secures High Court Judgement awarding injunction and significant penalties against five defendants for market abuse […]

Brazilian prosecutors officially charged Marcelo Odebrecht, CEO of construction firm Odebrecht SA, with corruption on Friday as part of a sweeping probe into oil and gas firms. Odebrecht was charged with corruption, money laundering and criminal conspiracy, Reuters said. Prosecutors also allege that Odebrecht SA laundered more than 1 billion reais, or about $300 million, […]

The former deputy general manager of state-owned oil giant China National Petroleum Corporation (CNPC) and an ally of former security chief Zhou Yongkang has been put on trial for alleged corruption. Wang Yongchun (photo), who was investigated in August 2013, was accused of taking 48.5 million yuan ($7.8 million) in bribes from 67 entities and […]

In a milestone day for Brazil’s biggest-ever corruption investigation, a judge handed down the first punishments to former executives at a building company and a top CEO was indicted. Judge Sergio Moro sentenced Camargo Correa SA’s ex-President Dalton Avancini along with Eduardo Leite, the conglomerate’s former vice president, to 15 years and 10 months for […]

The indictments of the FIFA leadership provide an interesting global anti-corruption case study complete with sports, pop-culture, international intrigue, corruption at the highest levels, bribery in the millions of dollars, money laundering and racketeering not seen since the mob days of organized crime. The arrests come from years of investigation and stem from a culture […]

The decision to detain Jose Socrates sent shockwaves through Portuguese politics Portugal’s former centre-left PM, Jose Socrates, has been remanded in custody on suspicion of corruption, tax fraud and money laundering. Mr Socrates, 57, was detained on his return from Paris on Friday and has already spent three nights in jail. The judge delivered the […]

Chief prosecutors from Commonwealth countries in the Caribbean region have gathered for the first time to discuss recurrent issues that interfere with the prosecution of corruption and money laundering and the recovery of the proceeds of these crimes. Organised by the Commonwealth Secretariat in collaboration with the Caribbean Financial Action Task Force (CFATF), the three-day […]