Mob-Linked Developer Handed Unexplained Wealth Order
British investigators have secured their first unexplained wealth order linked to an individual with suspected connections to organized crime in an investigation into a £10 million ($12.5 million) property empire, the National Crime Agency said Thursday.
Top Stories
An Ernst & Young unit opposed as unnecessary Thursday a disclosure request from a whistleblower at its Middle East outpost who accuses E&Y entities of suppressing audit findings indicating that a Dubai company laundered money and bought gold from conflict zones.
The former owner of an oil tanker has asked a judge in London to force dozens of insurers to cough up $77 million after Venezuelan authorities seized the ship, claiming the events are covered as an act of war.
Danske Bank said Thursday that its net profit for the first half of 2019 has fallen 24% against the same period a year ago, pinning the blame partly on compliance costs connected to a money-laundering probe and allegations that it overcharged customers.
A London appeals court ruled Wednesday that the U.K.'s state-run health care system must pay the full insurance premiums two people incurred suing a hospital for medical malpractice, a landmark ruling that could shape clinical negligence lawsuits.
Google urged an appellate court Wednesday to reject a multibillion-pound privacy suit brought by a consumer rights activist against the tech giant, arguing that the iPhone users at the heart of the claim are not entitled to damages under U.K. law.
The head of the Financial Conduct Authority suggested on Wednesday that the marketing of new financial products should be more closely regulated, amid renewed criticism that the City watchdog is not providing enough protection against investment scams.
The European Union launched an investigation Wednesday into how Amazon uses sensitive data collected from merchants over concerns the online giant is restricting competition, in the latest probe into big tech by the bloc's antitrust watchdog.
Britain’s Serious Fraud Office suffered a major setback to its strategy of striking bargains with companies and prosecuting individuals allegedly involved in corporate wrongdoing after a London jury acquitted three individuals accused of bribery at a company that admitted liability in a deferred prosecution agreement.