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FinancialCrimeRiskOfficers.com

42 year old Garth Peterson has been jailed for nine months plus three years' probation in the USA after admitting bypassing anti-bribery controls at Morgan Stanley in Singapore. But, says the US Department of Justice, the company's systems were good enough: the problem was that Peterson knew his way around them too well.

Indonesian authorities are mounting a global manhunt for Muhammad Nazaruddin after he fled the country via Singapore.

Desiree Brown, the former treasurer of a private mortgage lending company, Taylor, Bean & Whitaker (TBW), has pleaded guilty to conspiring to commit bank, wire and securities fraud for her role in a more than USD1,900 million fraud scheme that contributed to the failures of Colonial Bank and TBW.

Authorities in the UK and Switzerland are taking steps to freeze bank accounts and other assets owned or controlled by or connected to Libya's Colonel Gadhafi, his relatives and associates.

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