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Global Roundup

Under this category you will find the news related to frauds in the various countries across the world

Top 10 Ponzi schemes of 2013

The total loss caused to the investors in USA has reduced from $1488 million to $441 million in the 8 ponzi schemes enforced by SEC
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Certified Anti Money Laundering Expert Goes Global

Certified Anti Money Laundering Expert program offered by Indiaforensic Center of Studies. The program was initially designed for the Indian compliance professionals. In the year 2015 the program was revisited and...

KPMG ex-partner in Insider Trading

Ex-Partner of KPMG was charged with insider trading by Securities Exchange Comission. The comission alleged that Scott London, Ex-Partner of KPMG tipped Bryan Shaw with confidential details about five KPMG audit...

State Bank Fined for Money Laundering

The Hong Kong central bank has fined State Bank of India's Hong Kong branch HK$7.5 million ($1 million) for breaching the city's anti money-laundering and counter terrorism financing rules. The Hong Kong...

Demand for forensic accountants to increase

Forensic accountants are now in a position to turn the Satyam scandal into an opportunity during tough times for getting jobs, as the country needs more than 6,000 such...

SEC Charges TYCO with making illicit payments to foreign officials

Securities and Exchange Commission today announced that it filed a settled civil action in the United States District Court for the District of Columbia against Tyco International Ltd. The complaint alleges...

Global Icons who Laundered proceeds of corruption

According to a first of its kind report on ‘Ascertaining size of corruption in India with respect to money laundering’, an individual spent over Rs 2,000 as a cost of corruption...

Banks Need to Invest in Trained BASEL III Professionals

After failures of Financial Institutions during the financial crisis in 2008, senior executives of the financial institutions face the heightened risk of being sued by the shareholders for gross negligence. Financial Institutions need...

Did Sequoia Capital Indulge in Money Laundering ?

According to the reports published in the leading Indian News papers, enforcement agency which investigates foreign-exchange violations, is examining why the Silicon Valley venture firm bought shares of a health care start-up...

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