Kazakhstan’s government is asking an appeals court to throw out a decision that allowed BNY Mellon to freeze about $22 billion of assets in the country’s oil fund as part of a dispute over an unpaid arbitration award.
Earlier this month, the UK’s parliament backed a change to legislation that would force the government to push offshore tax havens to boost transparency in an effort to tackle corruption and money laundering. Without much enthusiasm, the government has announced not to oppose a cross-party amendment, writes Bill Wirtz.
Malaysian police said on Friday that cash worth 114 million ringgit ($28.6 million) and over 400 luxury handbags were seized from several apartments as part of an anti-graft probe into a state fund founded by former premier Najib Razak.
Banks operating in the Baltic nation of Estonia may have laundered considerably larger sums than first thought.
Former Belgian minister Armand De Decker has been indicted for influence-peddling as part of the wide-ranging "Kazakhgate" probe into allegations of corruption linked to a trade agreement between France and Kazakhstan, a public prosecutor said Monday.
The 18th-floor unit has a storied history of lawsuits that broke apart a leading Kazakh family
A businessman whose name has resurfaced in the Trump-Russia investigation once received more than $21 million connected to an alleged money laundering scheme involving Kazakh oligarchs, according to court documents.
A businessman whose name has resurfaced in the Trump-Russia investigation once received more than $21 million connected to an alleged money laundering scheme involving Kazakh oligarchs, according to court documents.
A Plaza Hotel condo owned by the brother of Kazakh dictator Nursultan Nazarbayev has sold at a loss to a mystery buyer for $14 million, according to city property records.
Interest is growing in illicit finance because great-power competition is playing out in boardrooms, stock markets, trade wars, and compliance departments.
