What’s the harm in buying a knock-off purse or a fake designer watch? According to counterfeit investigator Alastair Gray, fakes like these fund terrorism and organised crime. Learn more about the trillion-dollar underground economy of counterfeiting — from the criminal organisations that run it to the child labour they use to produce its goods — […]

In a milestone day for Brazil’s biggest-ever corruption investigation, a judge handed down the first punishments to former executives at a building company and a top CEO was indicted. Judge Sergio Moro sentenced Camargo Correa SA’s ex-President Dalton Avancini along with Eduardo Leite, the conglomerate’s former vice president, to 15 years and 10 months for […]

The Serious Crime Bill received Royal Assent on 3 March 2015 and will now enter into force as the Serious Crime Act 2015 (the “Act”). http://bit.ly/1wkRuPj It introduces changes in a broad range of areas relating to both financial and non-financial crime. Significantly for regulated firms, it includes The introduction of additional protection from civil […]

Addis Ababa (AFP) – Africa loses at least $50 billion (44 billion euros) a year to illicit practices like tax fraud, corruption and organised crime, a worrying situation that is hurting the continent’s economies, a UN-mandated study group warned Sunday. Illicit financial flows — which range from international corporations dodging taxes to the trafficking of […]

London is a global haven for criminal financial activity – with billions of pounds laundered through British banks each day, according to the head of the UK’s National Crime Agency. “Many hundreds of billions of pounds of criminal money is almost certainly laundered through UK banks and their subsidiaries each year,” Keith Bristow the head […]