In an order made public on Tuesday, U.S. District Judge Laura Taylor Swain in Manhattan entered the forfeiture order, covering money seized from a U.S. correspondent account held at UBS in Stamford, Connecticut.
The Federal Prosecutor’s Office and the Federal Justice Office have confirmed that Switzerland last year gave legal assistance to Hong Kong in a money-laundering case against Musa Aman, Chief Minister of the Malaysian State of Sabah on Borneo.
A handful of iconic collectible Krugerrands have been found to be up to 5 percent short on gold, South Africa’s central bank said Tuesday following an investigation that led to the suspension of two mint managers.
China's highest court spared a 30-year-old millionaire once labeled one of China's richest women from the death penalty, in a case that drew attention to the country's underground lending market and elicited an outpouring of online protests
The private client specialist, which already has offices in Edinburgh, London, Guernsey and Geneva, has revealed that it is in advanced negotiations to sign a lease on a site close to George Square.
The Volcker Rule could negatively impact investing in bonds by leading to the creation of a two-tiered market for municipal bonds while also reducing liquidity for some corporate bonds, Snook said. It could also impact mutual fund investing, he said, by r
Ao is currently on trial for corruption and money laundering. On Monday, the court was told that a company controlled by Lau and Steven Lo allegedly paid a bribe of 20 million Hong Kong dollars ($2.6 million) to the defendant in 2005.
The legislation, which came into effect on April 6, has been given a cautious welcome by law firm Boodle Hatfield.
From 2013, the so-called “Rubik” deal – judged “fully compliant” with European Union law on Tuesday by the bloc’s taxation commissioner – should forbid such operations, but the accord is open to interpretation.
Paris prosecutors opened a formal investigation April 12, after conducting a preliminary inquiry with the customs service into a complaint by France’s Prudential Control Authority in February 2011 over the bank’s practices in France.
But Austria's deal is far less favourable than those struck by Britain and Germany, which both responded to political pressure by extracting big up-front payments and more concessions from Switzerland.
The bank will buy the building on North Wall Quay from the National Asset Management Agency, said the person, who asked not to be identified because the details are private. Anglo