Malta's Democratic Party Pushes EU to Adopt Uniform Whistleblower Laws TNH Staff
As Malta faces ongoing criticism after the murder of a journalist who was probing high-level corruption, the country’s Democratic Party (PD) said the European Union should accelerate bloc-wide laws protecting those who report wrongdoing.
Deutsche Bank Struggling to Contain Money Laundering Shortfalls
A year after being fined yearly $700 million for allow money laundering, Germany’s Deutsche Bank reportedly still can’t fully link clients to the source of their cash after confidential reviews of investment bank customer files in several countries, including Russia.
US Financial Regulator Paid Whistleblowers More Than $45 Million
While whistleblowers can often face retaliation, including being fired or dragged to court relentlessly, those who reported wrongdoing to the U.S.’s Commodity Futures Trading Commission (CFTC) were paid more than $45 million this year for revelations.
European Parliament Lawmakers Won’t Reveal Their Expenses
While considering laws pushing transparency in financial dealings, Members of the European Parliament have killed reforms which would reveal how they spend money for expenses, now kept under wraps.
Critic Claims Romania Trying to Rig New Anti-Corruption Chief Pick
The process to replace an anti-corruption chief fired after hunting politicians is being fixed so that Romania’s Justice Minister can clear the way for a hand-picked government candidate, said Bianca Toma, a researcher at the Romania Center for European Policies.
Cambridge Analytica Changes How British Companies Handle Whistleblowing
With the Facebook data-breaching Cambridge Analytica scandal still reverberating, British companies are scrambling to set up internal reporting channels to bosses and the media under new EU recommended laws to strengthen whistleblower protection.
Swiss Bank Rothschild Tied to Malaysia Money Laundering
Switzerland’s financial oversight agency said Rothschild Bank and a subsidiary violated money laundering rules tied to a financial scandal that brought down Malaysia’s corruption-ridden former government.
Scotland Yard Anti-Corruption Unit Being Probed
The United Kingdom’s storied police force, Scotland Yard, is reportedly seeing its anti-corruption unit being probed for not investigating allegations of wrongdoing, interfering in investigations and radical discrimination.
Danske Bank Will Give Up Estonian Money-Laundering Profits
Caught up in an embarrassing scandal tainting the Scandinavian image of being clean and transparent, Denmark’s Danske Bank said it would forego profits made on suspicious transactions in its Estonian branch from 2007-15 linked to money laundering.
Malta High Court Says AG Taking Too Long to Prosecute Bribery Case
With his case going on for six years, Malta’s high court said the human rights of restaurant owner Silvio Zammit on charges of seeking a 60-billion euro bribe from a Swedish tobacco company were breached because the country’s Attorney General was endlessly pursuing evidence.
Show Them the Money! Report Say FIFA Corruption Can't be Stopped
Another World Cup – this one in Russia, which allowed disgraced top officials to attend – is over but with the cheering done, a report warns the Beautiful Game will continue to be The Corrupt Game and the leaders of the sport’s governing body, FIFA, will keep enriching themselves.
EU Says Malta Anti-Money Laundering Fight Falters
With Malta police still unable to find the mastermind behind the murder of investigative journalist Daphne Caruana Galizia, the European Union’s top banking watchdog faulted the country’s anti-money laundering unit for its handling of alleged wrongdoings at Pilatus Bank, key to her look into corruption at the highest level.