South China Morning Post
Length of jail term for Hong Kong man over money laundering to determine if he will escape extradition to Taiwan for murder

The length of a jail term for a Hong Kong man on Monday over money laundering will determine if he escapes extradition to Taiwan where he is wanted for murder, as local officials race to close legal loopholes.

CROWDFUND INSIDER
UK Financial Conduct Authority Report on Innovation: “The Progress We Have Made is Significant and Real”

The UK Financial Conduct Authority (FCA) has released a report on Fintech innovation and progress made in the last few years and so far, the feedback is encouraging.

AL JAZEERA
China's Xi pledges to 'fight corruption' at Belt and Road summit

China's Belt and Road Initiative (BRI) will focus on transparency and clean governance, President Xi Jinping said at the opening of a summit on his grand plan on Friday, adding that the massive infrastructure and trade plan should result in "high-quality" growth for everyone.

The Economist
The past decade has brought a compliance boom in banking

Compliance Offices are the killjoys of finance. To bankers and traders keen to let rip, they are the po-faced types who frown at any transaction that might breach this rule or contravene that regulation. 

Bloomberg
Sumitomo Mitsui Ordered to Fix Money-Laundering Controls in U.S.

Sumitomo Mitsui Financial Group Inc.’s banking unit was ordered by the U.S. Federal Reserve to fix weaknesses in its protections against money laundering.

The New York Times
Brazil’s Judiciary, Once Symbol of Anti-Corruption Drive, Now Faces Scrutiny

When a Brazilian Supreme Court justice blocked the publication of an article about corruption that named a fellow judge, the backlash on social media was swift. Three days later, the justice backtracked and struck down his own decision.

Vox
A Chinese billionaire’s Stanford bribe shows how the college admissions scandal makes both zero and complete sense

What has never made sense about the college admissions scandal is that seemingly smart businessmen couldn’t find a better return on their investment.

AL JAZEERA
Former PM Najib fails to have seven corruption charges dismissed

Malaysia's former Prime Minister Najib Razak has failed to secure dismissal of seven corruption charges against him as his trial enters its third week.

Bloomberg
Swiss Investigating Oil Trader Gunvor for Foreign Bribery

Switzerland’s Attorney General said it is investigating Gunvor Group Ltd. on “suspicion of bribery of foreign public officials” in the Republic of Congo, underscoring the energy traders’ legal troubles in the long-running case.

The National
UK money launderer who tried to fly £1.5m into Dubai will never see cash again

Sathar Khan, 35, was sentenced to three years and nine months in prison after being found with £10 and £20 notes stuffed in four suitcases