Vancouver has become a money-laundering haven. Can a public inquiry find solutions?
A public inquiry into money laundering underway in British Columbia holds out hope for reform, but the problems run deep.
The trouble with looking for transactions ‘consistent’ with ‘known’ patterns ‘indicative’ of child exploitation payments to countries with ‘known’ risks is that countless legitimate payments exhibit similar features.
Anti-money laundering rules give the comfort of doing something, but prevent surprisingly little crime.
Westpac is “deeply sorry” and has pledged to spend $18 million over three years tackling the online sexual exploitation of children in the Philippines.
The number one commandment of the anti money laundering law is "Know your customer". AUSTRAC is alleging Westpac didn't, and didn't seem to want to.
Westpac has its Annual General Meeting on December 12. “No doubt, there’ll be some very hard discussions between now and then,” Joshn Frydenberg said.
The government at the weekend piled on more pressure for Westpac heads to roll over the bank’s money laundering scandal, with Treasurer Josh Frydenberg saying the affair had a long way to play out. “These…
A crucial problem with the global approach to anti-money laundering is the emphasis on demonstrating activity rather than results.
Anti-money laundering efforts are based on measuring activity, not results. To cut crime and terrorism, we need a frank conversation about where the system has gone wrong.
The commission chaired by Justice Raymond Zondo has heard shocking testimony on the extent of corruption in government.
Corruption in South Africa became increasingly organised under former President Jacob Zuma.
The New York district attorney dropped a financial fraud investigation of Ivanka Trump, left, and her brother, Donald Jr., right.
The investigations into the financial dealings of Donald Trump and his associates join a growing body of evidence pointing to lax enforcement of certain high-level financial crime.
Searches and arrests across Europe in December 2018.
Working abroad can be a profitable option for members of criminal groups.
Nigeria’s President Muhammadu Buhari at the US-Africa Business Forum in New York in 2016.
There is concern that Nigeria's attitude towards foreign direct investors may erode inward capital flows.
Tom Moyane has been fired as South Africa’s tax boss on the recommendation of a commission of inquiry.
Sunday Times/Masi Losi
Moyane's axing ends one of the last vestiges of Zuma's continued influence in the country's governance.
Danske Bank is under investigation for money laundering.
Denmark's biggest financial institution has admitted that around €200 billion of questionable money flowed through its Estonian branch from 2007-15.
Trading for almost 150 years in Switzerland, BSI was brought down by the recklessness of its overseas operations.
The world's largest financial scandal has toppled a government, threatened a currency, and revealed deeply problematic failings at a buccaneering Swiss bank.
Customers will be likely to feel the effects of the huge fine.
AAP Image/Dean Lewins
The Commonwealth Bank has agreed to pay a $700 million fine over its inadvertent failure to tackle money-laundering. But the penalty is in line with punishments for far more serious violations by other banks.
Former South African president Jacob Zuma stands accused of racketeering, fraud, money laundering and corruption.
South Africans expect former president Zuma him to take responsibility and remedy his undemocratic and unconstitutional behaviour.
South African Reserve Bank deputy governor and registrar of banks, Kuben Naidoo, has the tough task of curbing money laundering.
Supplied by SARB
South Africa's Reserve Bank is facing a growing challenge of illicit financial flows and money laundering from gangs and errant businesses hell-bent on tricking regulators.
South African President Jacob Zuma. Mounting allegations of corruption at home are having international repercussions.
There are disturbing questions around the complicity - witting or unwitting - of UK global financial institutions in the transnational network set up by President Jacob Zuma and the Gupta family.
U.S. President Donald Trump has taught the world many lessons since his time in office – mostly on how not to govern.
(AP Photo/Carolyn Kaster)
Love him or hate him, Donald Trump has shown us a great deal in his short time on the political stage. For that, we should be grateful. Here are the lessons taught by Prof. Trump.
South Africa’s Supreme Court of Appeal has upheld a High Court Decision to reinstate almost 800 criminal charges against President Zuma.
The Supreme Court of Appeal judgment means that South Africa's president must be prosecuted - unless the national director of public prosecutions decides again to drop the charges against him.
The Australian Transactions Reports and Analysis Centre (AUSTRAC) has launched civil proceedings accusing the CBA of being complicit in money laundering.
The Australian public may be vulnerable to crime and terrorism directly funded through the Australian banking system.
Workers walk past a Lonmin Marikana platinum mine, a site that represents industrial strife in South Africa.
South Africa's mining industry is on an unsustainable trajectory and needs to undergo fundamental transformation that emphasises transparency, equity, and community participation.