Allegations of money laundering against Sweden’s oldest bank grew this week to draw in some of the former Soviet Union’s most notorious individuals. Viktor Yanukovych, the president of Ukraine until 2014, used an account at the Baltic unit of Swedbank …
Scandinavians are taking a hard look at their institutions as allegations of systematic money laundering rock the entire region. With Swedbank AB becoming the latest lender to get dragged into a dirty money scandal that’s already engulfed Danske Bank A/S, …
Estonia is investigating allegations linking Swedbank to suspicious transactions in the country involving Danske Bank, Estonia’s state prosecutor said on Wednesday. Danske is being investigated in its home market of Denmark, Estonia, Britain, France and the United States over some …
Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global Corporate & Specialty (AGCS). The impact of business interruption (which includes supply chain disruption) is the major risk for companies …
KPMG LLP is continuing to lose staff and clients in South Africa more than a year after issuing a public apology for some of the work it did in the country, according to people familiar with the matter. A team …
Tokyo prosecutors indicted Kobe Steel Ltd. over the faked data crisis that rocked Japan’s manufacturing industry last year. The company was indicted on suspicion of breaching Japan’s unfair competition law in connection with falsified inspection reports for the year through …
Kobe Steel Ltd said on Tuesday its CEO will step down to take responsibility for a widespread data fraud scandal, although doubts remain over a corporate culture mired in malfeasance and the possibility of future fines. Japan’s third-largest steelmaker, which …
Britain’s information regulator said on Wednesday it had fined Carphone Warehouse 400,000 pounds ($539,400) after a 2015 cyber attack exposed the personal data of more than 3 million customers. The Information Commissioner’s Office (ICO) said the electrical goods and mobile …
A string of data-tampering scandals at Japanese manufacturers has not tarnished Japan’s image, though it has been a powerful reminder to avoid sacrificing quality when under cost or delivery pressure, a senior economic official said on Wednesday [Dec. 27]. Since …
Kobe Steel Ltd, at the center of a data-falsification scandal that has shaken Japan’s manufacturing industry, admitted for the first time that executives were aware of the cheating, and reassigned three senior officials. Japan’s No.3 steelmaker, which supplies the manufacturers …
