Search Results for: laundering

Governments around the world are struggling to fight corruption, according to a Transparency International (TI) report published Tuesday. The report, known as the Corruption Perceptions Index (CPI), ranks 180 countries and territories by their perceived levels of public sector corruption. The scores range from zero (highly corrupt) to 100 (very clean). In 2023, the CPI global [...]

The Saudi Arabian Oversight and Anti-corruption Authority (Nazaha) announced Sunday the arrest of the CEO of the Royal Commission for Al Ula, a historical oasis in the Medina province located in the north-west of the kingdom, Amr bin Saleh Abdulrahman Al Madani, on charges of money laundering and abuse of authority. According to Nazaha, the [...]

Malaysia’s former finance minister, Tun Abdul Daim bin Zainuddin, was charged Monday for failing to comply with the Malaysian Anti-Corruption Commission (MACC) order to declare his assets. Zainuddin, along with his wife and two children, were requested in January 2024 to testify about “high-value assets” that are under their company’s name within and outside the country. Zainuddin, [...]

The Ninth Circuit Court of Appeals ruled Tuesday that the seizure of 700 safety deposit boxes under the process of civil asset forfeiture went beyond the warrant issued and violated the Fourth Amendment prohibition against unreasonable search and seizure. The case began in 2021, when the Federal Bureau of Investigations (FBI) obtained a warrant to [...]

The Central Bureau of Investigation (CBI) of India filed a First Information Report (FIR) against the NGO Environics Trust (ET) and its top officials for allegedly violating the provisions of Foreign Contribution (Regulation) Act (FCRA), 2010. As per the FIR , ET allegedly transferred money for disaster relief to address the aftermath of Super Cyclonic [...]

Since 2014, Ukraine has taken decisive steps toward combating corruption. This has included the adoption of anti-corruption legislation and the establishment of anti-corruption bodies that operate in accordance with international standards. Furthermore, there has been a concerted effort to identify and address the root causes of corruption in Ukraine. Notably, the presence of an oligarchy [...]

The Independent National Electoral Commission (CENI) of the Democratic Republic of Congo (DRC) misappropriated $400 million in state funds ahead of December elections, per an EU report. The report, issued Monday, highlighted a 25.1 percent increase in the expenses of the electoral body during the 2016-2019 and 2021-2024 electoral cycles. Also as per the report, [...]

The Calcutta High Court in India’s West Bengal state directed a joint Special Investigation Team (SIT) comprising the Central Bureau of Investigation (CBI) and state police to investigate the attack on Enforcement Directorate (ED) officials on Wednesday. The ED officials were assaulted during a search in West Bengal linked to a money laundering case. The [...]

India’s economic investigation agency, the Enforcement Directorate (ED), informed the Kerala state High Court Monday that the scam at Karuvannur Service Cooperative Bank was orchestrated by leaders of the state’s ruling party, the Communist Party of India (Marxist) (CPI(M)). The affidavit filed by the ED asserts that CPI(M) party committees were involved in maintaining accounts [...]

The Malaysian Anti-Corruption Commission (MACC) said in a press release that it recorded the testimony of former prime minister Ismail Sabri Yaakob about the use of RM700 million in funds that were “spent for publicity and promotion purposes during the previous government’s administration” on Wednesday. The Keluarga Malaysia (Family Malaysia) program, launched by Ismail Sabri in [...]