‘Cadillac Compliance’ Breakdown

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The recent defeat device scandal at Volkswagen, in which VW engineers created and installed a computer algorithm to cheat emissions testing on over eleven million automobiles, brings together two things I spend time thinking about: white collar crime and cars. While that may seem like an odd combination, VW’s troubles happen to marry my professional and personal interests.

April 26, 2017 at 12:42PM

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from Anti-Corruption Digest

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AIB Fined Over Anti-Money Laundering and Terrorism Compliance

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Allied Irish Banks Plc, preparing for what could be one of the biggest share sales in London this year, was fined more than 2 million euros ($2.2 million) by the Irish central bank over compliance failures in relation to anti-money laundering and terrorist financing laws.

April 26, 2017 at 12:42PM

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from Anti-Corruption Digest

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Haiti leader pleads guilty to money laundering in drug case

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MIAMI, Florida (AP) — A former Haitian coup leader and recently elected senator in that country pleaded guilty Monday to a US drug money-laundering charge under a deal that should allow him to avoid a potential sentence of life in prison for cocaine trafficking.

April 26, 2017 at 12:42PM

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from Anti-Corruption Digest

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Bangladeshi envoy urges speedy case after money laundering indictment report

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The Bangladeshi envoy to Manila welcomed reports that the Justice Department will indict former Rizal Commercial Banking Corp. (RCBC) branch manager Maia Deguito and the owners of shuttered money changer Philrem Corporation for money laundering due to last year’s P81-million cyberheist from the South Asian nation.

April 26, 2017 at 12:42PM

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from Anti-Corruption Digest

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European anti-#MoneyLaundering regimes exposed by new Transparency International EU report

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EU member states have firmly ruled out public access to the identities of those who control and own shell companies while the current negotiations around reforming anti-money laundering legislation take place. These companies and other corporate vehicles were implicated in the money laundering scandals exposed by the Panama Papers.

April 26, 2017 at 12:42PM

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from Anti-Corruption Digest

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Barbados objects to being labelled money laundering country

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BRIDGETOWN, Barbados, Apr 25, CMC – The Barbados government Tuesday described as “misleading” the decision by the United States to list the island as a major for money laundering.

April 26, 2017 at 12:42PM

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from Anti-Corruption Digest

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Generational Equity Announces Sale of Malabar Super Spice to Private Investment Group

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DALLAS, April 26, 2017 /PRNewswire/ — Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Malabar Super Spice Company Ltd. of Burlington, Ontario, to a private investment group located in Ontari…

April 26, 2017 at 12:35PM

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from

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