NGO Accuses U.N. Rapporteur of Taking ‘Illegal’ Payments for Pro-Hamas Advocacy
U.N. Watch filed a legal complaint over alleged financial and ethical misconduct by Hamas-sympathizing U.N. rapporteur Francesca Albanese.
financial crime
Federal Regulators Warn Wells Fargo to Stop Customers’ Financial Crimes
Federal regulators have issued Wells Fargo formal orders demanding they get better at catching customers who misuse their services for criminal acts, as the bank faces a lawsuit alleging they allowed a $460 million Ponzi scheme to operate.
South Africa: School Aid Program Is Doling Out Millions to ‘Ghost’ Students
South Africa’s National Student Financial Aid Scheme (NSFAS) has been paying hefty monthly allowances to almost 158,000 “ghost students” who do not actually exist, according to a forensic probe described in a News24 report on Monday.
Mass Arrests Made at China’s Teetering Evergrande Property Giant
Chinese police descended upon the financial services arm of doomed property giant Evergrande on Saturday night, arresting numerous employees.
Bank of America Hit with $250 Million in Fines over Illegal Junk Fees, Fake Accounts
Bank of America agreed to part with a total of $250 million in fines and compensation Tuesday to settle claims the bank systematically double-charged customers fees, withheld promised credit card bonuses and opened fake accounts without customer authorization.
