Legal Pitfalls of Christmas – 12 Dec 2012 In order to have a risk free workplace Christmas, employers would be wise to bear in mind the following: 1. Consider other religions – Remember to think about dietary requirements involved with some religions when putting on food and drink for the office party. Make sure there […]

HSBC money laundering report: Key findings 12 Decv 2012 Failure after failure at HSBC led to the London-based bank being used as a conduit for “drug kingpins and rogue nations“,a 300-page report compiled for a US Senate committee and has found.The July 2012 report and investigations by US authorities led to the UK-based bank being […]

Bank VP jailed for over nine years for fraud and money laundering – 28 November 2012 11 Dec 2012 Rhonda Devries – formerly vice president of operations at First Security Bank (FSB) in Malta, Montana – has been sentenced to 110 months in prison for bank fraud, credit card fraud and money laundering. She was […]

Money launderer alleges police corruption – 28 November 2012 11 Dec 2012 Money launderer Bhadresh Gohil is appealing against his conviction on the grounds that the investigation into him by the Metropolitan Police was corrupt. Gohil was jailed for ten years in 2010 for helping client James Ibori, a former Nigerian state governor, launder money […]

Money laundering investigation launched in Sark and Guernsey – 24 November 2012 11 Dec 2012 A large-scale money laundering investigation is taking place into the activities of two residents of Sark, one of the islands in the Bailiwick of Guernsey.　 Michael Doyle and his wife Belinda Lanyon appeared in court following a raid in Sark.　 […]

HSBC might pay $1.8 billion U.S. money-laundering fine, sources say 11 Dec 2012 HSBC Holdings Plc might pay a fine of $1.8 billion as part of a settlement with U.S. law-enforcement agencies over money-laundering lapses, according to several people familiar with the matter. The settlement with Europe’s biggest bank — which could be announced as […]

Warrant issued for Scottish money launderer on the run – 30 November 2012 11 Dec 2012 A warrant has been issued for the arrest of convicted money launderer Michael Voudouri after he failed to appear at the High Court in Glasgow for sentencing. He pleaded guilty in October 2012 to claiming back VAT on bogus […]

TI PUBLISHES CORRUPTION PERCEPTIONS INDEX 2012 10 Dec 2012 Transparency International (TI) published the Corruption Perceptions Index 2012 (CPI).The CPI, originally launched in 1995, ranks countries according to how corrupt their public sector is perceived to be. The index is compiled using a combination of polls drawing on corruption-related data and also reflects the views […]