Hamas security forces took $400,000 from a bank in the Gaza Strip Monday, in a direct challenge to Palestinian authorities in the West Bank who had frozen the money to comply with money laundering regulations. amas, which runs the Gaza Strip, said the men were executing a court order to seize the assets of a […]

The Financial Services Authority said it’s charged a third person, Helmy Omar Sa’aid, on insider dealing charges that relate to a previously announced case against senior investment banker Christian Littlewood and his wife Angie Littlewood. The offences relate to trading in a number of different London Stock Exchange and AIM listed shares between 2000 and […]

A Norwegian police investigation into alleged carbon tax evasion is widening its scope into money laundering, with five men charged, Oslo police said on Monday. The Norwegian authorities’ investigation is part of a wider probe into tax fraud relating to carbon emissions trading that European police agency Europol said cost treasuries up to 5 billion […]

Free trade zones (FTZs) are designated areas within countries that offer a free trade environment with a minimum level of regulation. The number of FTZs have increased rapidly in recent years, today there are approximately 3 000 FTZs in 135 countries around the world. FTZs offer many incentives and benefits to the companies that operate […]

The Economic Intelligence Unit (2009, “Managing Risk in Perilous Times: Practical Steps to Accelerate Recovery,” London) recently published a white paper admonishing corporations regarding the practical steps necessary to accelerate recovery during these perilous times. The lessons and steps outlined in the report are instructive for corporations of all industries: 1. Risk management must be […]

A British solicitor accused of paying $132 million in bribes to Nigerian government officials to secure gas contracts on behalf of multinational energy firms should be extradited to the United States, a judge said yesterday. Jeffrey Tesler, 61, is wanted by authorities in Houston, Texas, where he faces prosecution on corruption and conspiracy charges that […]

German prosecutors have filed charges against three former Siemens AG managers in a corruption case involving payments to the former head of an upstart labor union. Prosecutors in Nuremberg said Thursday they charged a former member of Siemens’ management board identified only as Guenter W., along with two lower-ranking managers named only as Alfred O. […]

Most people are in a factory from nine till five. Their job may be to turn out 263 little circles. At the end of the week they’re three short and somebody has a go at them. On Saturday afternoons they deserve something to go and shout about. ~Rodney Marsh, 1969