Jul 25, 2016

1MDB scandal prompts Singapore to shame banks engaged in money-laundering

Singapore’s central bank chief vowed Monday to name and shame other banks engaged in money-laundering after a scandal involving Malaysian state fund 1MDB hurt the city-state’s financial reputation.The money-laundering lapses uncovered during a 15-month investigation into fund flows linked to 1MDB are “simply unacceptable,” ...

/ Apr 18, 2016

China sets death penalty threshold for graft cases

Corruption cases involving 3 million yuan ($463,000) or more may incur the death penalty in future, Chinese authorities ruled Monday, signalling that officials could be executed for graft.Under President Xi Jinping the country has waged a much-publicized anti-corruption campaign vowing to target both powerful ...

/ Jan 28, 2016

Amari to respond to graft allegations

Japan’s economy minister, Akira Amari, plans to deny allegations that he received cash for favors when he holds a press conference Thursday afternoon, sources said Wednesday.With Prime Minister Shinzo Abe making it clear Wednesday that he wants Amari to continue serving in his Cabinet ...

Dec 5, 2015

Malaysia's anti-graft agency questions Najib over multimillion-dollar deposits

Malaysian anti-corruption officials questioned Prime Minister Najib Razak on Saturday in an investigation into deposits of funds totalling 2.6 billion ringgit ($615.53 million) into his bank accounts that have prompted calls for his resignation.The Malaysian Anti-Corruption Commission (MACC) said in a statement that Najib ...