US grand jury indicts Napoles, family in $20-M money laundering scheme

A UNITED STATES grand jury indicted the alleged mastermind behind the misuse of $20 million in Philippine public funds for money laundering through a multi-year bribery and fraud scheme, according to a statement from the US justice department. Charges of conspiracy to commit money laundering, domestic money laundering, and international money laundering were filed against […]

The post US grand jury indicts Napoles, family in $20-M money laundering scheme appeared first on The Manila Times Online.

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Australia’s Commonwealth Bank agrees to US$530M-fine over money laundering breaches

Australia's Commonwealth Bank agrees to US$530M-fine over money laundering breaches

The Commonwealth Bank agreed on Monday to the largest civil penalty in Australian corporate history to settle claims it breached anti-money laundering and counter-terrorism financing laws.

The post Australia’s Commonwealth Bank agrees to US$530M-fine over money laundering breaches appeared first on Inquirer News.

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