Search Results for: Shell
Stages of money laundering
January 12th, 2015
Each day the methods used by money launderers become more sophisticated and the financial transactions more complex. With increased use of electronic communications, the speed with which money and assets can be converted and transferred has increased exponentially. There ...
Canada and Saudi oil set for refinery showdown
January 8th, 2015
As a test of wills between OPEC nations and US shale drillers fuels a global oil market slump, a brewing battle between Canadian and Saudi Arabia heavy crudes for America’s Gulf Coast refinery market threatens to drive prices even ...
Boiler room fraudsters ordered to pay £843k
December 15th, 2014
Two men involved in a £70 million boiler room fraud have been ordered to pay £843,000 between them after being found guilty of conspiracy to defraud. In 2010 Philip Morris and Daniel Gooding were among the nine fraudsters found ...
Wounded OPEC to feel more pain next year
December 10th, 2014
A price war has slashed the price of oil by more than 40% in six months and put U.S. gas on the path to $2 a gallon. And on Wednesday, OPEC cut its forecast for 2015 world demand growth by 6%. It blamed ...
PwC staff grilled by MPs over Luxembourg deals
December 9th, 2014
Accountants and business advisors PricewaterhouseCoopers (PwC) came under fire from MPs yesterday during a parliamentary hearing. The hearing followed the leak of hundreds of Luxembourg tax rulings at the beginning of November. “I think what you are doing is selling ...
Crude Oil’s Fall Pressures Energy Megaprojects
December 9th, 2014
Energy development projects that looked great earlier this year are looking less so now. Tumbling oil prices hit a fresh five-year low on Monday, pressuring some of the world’s biggest energy companies to reconsider multibillion-dollar expenditures. The biggest worries: ...
Commodity Benchmarks Seen Open to Manipulation, Law Firm Says
December 8th, 2014
Almost two-thirds of commodity market participants say that benchmarks used to set the price of everything from crude oil to ethanol to zinc are vulnerable to manipulation, according to a new study. The report, to be published today by ...
UK passes tough new transparency law for oil, gas and mining companies
December 1st, 2014
A historic law came into force in the UK today that will help fight poverty and corruption in resource-rich but poor countries said Global Witness, which has been campaigning for such measures for over 16 years. The new rules ...
Oil prices crash below $70
November 28th, 2014
Oil prices came crashing down Thursday to trade below $70 per barrel after OPEC announced it was leaving oil production levels unchanged. WTI crude trading in the U.S. fell by roughly 7% to just below $69 — a level ...
HSBC says target of French tax fraud probe
November 24th, 2014
HSBC Private Bank, the Swiss subsidiary of British banking group HSBC, said Friday (Nov 21) it had been placed under formal investigation as part of a French tax fraud probe. The bank said magistrates were “examining whether the bank ...
