U.K. To Investigate Audits Into Greensill and Gupta’s Bank
Jonathan Browning, 28 June 2021
The U.K.’s audit regulator has begun investigations into the auditors for Greensill Capital and Sanjeev Gupta’s Wyelands Bank following the collapse of the trade finance specialist.
The Financial Reporting Council will probe Saffery Champness for its audit of Greensill’s 2019 accounts and will separately look at PricewaterhouseCoopers LLP, which audited Wyelands Bank. The investigations will be conducted by the regulator’s enforcement division, it said Monday. Continue reading “Article: U.K. To Investigate Audits Into Greensill and Gupta’s Bank”

China has asked one of its biggest state-owned conglomerates to examine the finances of China Huarong Asset Management Co., people familiar with the matter said, adding a new twist to the drama that has roiled the world’s second-largest credit market for months.
The financial intelligence regulator has warned reporting entities to stay on top of their obligations, following recent changes to the AML-CTF Act that added clarity on know-your-customer requirements and banned certain types of correspondent banking.
An angry backlash is building across the middle of the U.S. as states step in to help their constituents pay billions of dollars in natural-gas bills racked up during February’s freeze.
Charles Schwab has raised margin requirements for short sellers shorting AMC and GME stock. The broker is adjusting 100% margin requirements for AMC on all long positions, and 200% on short term positions.
The global Financial Action Task Force (FATF), better known for tackling money laundering and terrorist financing, will now turn its attention to ‘environmental crime’, one of the most profitable criminal enterprises, generating around $ 110 – 280 billion in criminal gains each year. It covers a wide range of unlawful activities such as illegal logging, illegal wildlife trade and waste trafficking.
Scotland Yard announced the seizure of £114 Million ($158 million) from a suspected money-laundering operation.
The jury in a trial involving three Teesside men facing drug dealing and money laundering charges have retired to consider their verdict.
Danske Bank A/S has been charged by Danish police for allegedly violating rules intended to protect investors from market manipulation.
ANAHUAC, Texas (KWTX) – Antwone Smith, 35, of South Carolina, is in custody in East Texas after deputies with the Chambers County Sheriff’s Office discovered nearly $1-million in cash in a pickup during a traffic stop on Interstate 10 in an area east of Houston.