[ad_1] Morgan Stanley’s wealth-management arm is being scrutinized by the Federal Reserve, which is looking into whether the bank has sufficient controls in place to prevent rich foreign customers from…
Tag: Financial Crime
Portuguese Political Scandal’s Damage Limited to Domestic Sphere
[ad_1] The resignation of Portugal’s prime minister has come as a surprise to markets but despite potential domestic implications there is little risk of any turmoil spreading to the wider…
GE Healthcare Discloses Potential Foreign Bribery Violations in China
[ad_1] General Electric spinoff GE HealthCare Technologies said it reported potential foreign bribery violations in some of its operations in China to U.S. regulators. GE HealthCare found “tender irregularities and…
WSJ News Exclusive | Xi Jinping Is Looking for Someone to Blame for China’s Property Bust
[ad_1] Updated Oct. 26, 2023 12:05 am ET With China’s property bust threatening to sink the country’s economic recovery, Xi Jinping is looking for someone to blame. After putting the…
Jury Convicts Hedge-Fund Manager Accused of Rigging Foreign-Exchange Market
[ad_1] A London hedge-fund manager accused of manipulating the foreign-exchange market was convicted Wednesday of fraud in a trial that opened a window into a complex corner of the global…
WPP Fires Employee Detained in China, Launches Investigation Into Bribery Charges
[ad_1] Oct. 23, 2023 11:39 am ET WPP said it terminated the executive currently detained in China on charges of bribery and is conducting its own investigation into the matter. …
China Detains Current, Former GroupM Employees as Part of Commercial Bribery Case
[ad_1] Updated Oct. 22, 2023 10:04 pm ET Shanghai police detained one current and two former employees of GroupM, a unit of London-based advertising giant WPP, citing suspicions that they…
Sam Bankman-Fried Took Risks at FTX. Will He Bet on His Own Testimony?
[ad_1] FTX founder Sam Bankman-Fried, known for his appetite for risky bets, is mulling perhaps his biggest gamble yet: testifying in his own defense. The onetime crypto star, on trial…
Sidney Powell Accepts Plea Deal in Trump’s Georgia Case
[ad_1] Updated Oct. 19, 2023 11:27 am ET ATLANTA—Sidney Powell, a former legal adviser to Donald Trump, pleaded guilty to misdemeanor charges on Thursday in exchange for a sentence that…