HSBC assist in spotting USD 500 million embezzlement in Angola (not sure what Credit Suisse or Standard Chartered did?) Angolan authorities charged Jose Filomeno dos Santos (Zenu), the son of the former long-time president Eduardo dos Santos, and Valter Filipe da Silva, a former governor of Angola’s central bank, with embezzling USD 500 million. His […]

The anti-corruption organisation Global Witness published a 26-report criticising the UK Financial Conduct Authority for its failure to investigate ROYAL BANK OF SCOTLAND AND STANDARD CHARTERED over their alleged involvement in the 1MDB scandal.   According to the US Department of Justice, which has already seized over USD 1 billion in potentially tainted assets, USD 3.5 billion […]

Barclays has launched an internal review into whether its accounts were used for corrupt payments by FIFA officials, a banking source told AFP on Sunday. Standard Chartered has also said it was investigating payments cited in the US indictment. UK-headquartered Barclays, Standard Chartered and HSBC were among more than a dozen banks referred to in […]

British bank Standard Chartered has hired two experts in the US to monitor criminal activities in its transactions, following various complaints of violations of law. The two former prosecutors have been recruited in November and December, coinciding with a federal probe of Standard Chartered’s past compliance with sanctions laws, reported Reuters. Former assistant director of […]

Standard Chartered is facing a new penalty from the authorities in the United States over money laundering, less than two years after being fined more than $600 million for breaking sanctions with Iran. The lender, which focuses on emerging markets, said that it was in “active discussions” with the New York State Department of Financial […]