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The Northern Irish ghost companies that mask crime worldwide

By David Leask, Peter Geoghegan and Richard Smith openDemocracy — Nikolai Sukhanov is used to flags of convenience. The flags of many nations flutter from the stern of ships on the docks and quays of Nakhodka in Russia’s far east. Owners often register their vessels thousands of miles from home, in countries… Read More

U.S. Charges Venezuelan President Nicolás Maduro With Drug Trafficking

U.S. authorities charged Venezuelan President Nicolás Maduro and senior government officials with drug trafficking and conspiring with terrorists and offered multimillion-dollar rewards for their arrests, escalating the Trump administration’s effort to unseat the leftist regime. Prosecutors unsealed a series of criminal cases in New York, Florida and Washington on… Read More

UK in-house lawyer was ‘puppet director’ for dubious £16m schemes

An in-house solicitor who gave a ‘veneer of respectability’ to dubious property schemes has been struck off the roll. The Solicitors Disciplinary Tribunal heard that Timothy Ackrel was one of a succession of ‘puppet directors’ used to conceal the beneficiaries of a scheme to sell apartment blocks in north west… Read More
27th March 2020
President Trump has called the coronavirus “the invisible enemy.” But when it comes to sanctions on North Korea, the pathogen may turn out to be his administration’s most effective ally. North Korea’s fear of coronavirus infection appears to have achieved what Mr. Trump’s “maximum pressure” campaign against North Korean… Read More
27th March 2020
The United States blacklisted five Iran- and Iraq-based companies and 15 individuals on Thursday for supporting terrorist groups, its third round of sanctions on Iranian targets in the last two weeks even as Tehran battles the coronavirus outbreak. In a statement, the U.S. Treasury Department accused those targeted of supporting… Read More
27th March 2020
While crooks and terrorists are as susceptible to COVID-19 as other mortals, underworld cash always seems immune, so Canada’s money-laundering monitor has begun triaging financial transaction reports during the pandemic. Staffing shortages and business disruption forced by the coronavirus prompted the Financial Transactions and Reports Analysis Centre of Canada, known… Read More
27th March 2020
Big banks are postponing decisions about staff cuts as the coronavirus outbreak hits their businesses hard, with executives saying they are unsure how long the outbreak will hurt the economy and worried about being unprepared if business suddenly snaps back. Morgan Stanley (MS.N), Goldman Sachs Group Inc (GS.N),… Read More
27th March 2020
White-collar crime prosecutors and defense attorneys are likely to be busy following a massive economic stimulus package from the U.S. Congress aimed at mitigating the fallout from the coronavirus, according to a new academic study of insider trading. The research, from scholars at the University of Pennsylvania’s Wharton School, Stanford… Read More
27th March 2020
AP — Eight countries under unilateral sanctions, mainly from the United States and European Union, urged U.N. Secretary-General Antonio Guterres on Thursday to request the immediate and complete lifting of those measures to enable the nations to respond to the coronavirus pandemic. In a joint letter obtained by The Associated Press,… Read More
27th March 2020
An information exchange between a Spanish judge and a Swiss prosecutor has shed new light on an ongoing investigation into alleged financial irregularities involving emeritus king Juan Carlos I, the father of Spain’s reigning monarch Felipe VI. Spain’s High Court, the Audiencia Nacional, has been waiting for the Swiss… Read More
26th March 2020
The founder of PokerStars admitted Wednesday to running an illegal online gambling business, nine years after he and other online poker executives were indicted by prosecutors in New York. Isai Scheinberg and 10 other principals at three online gambling companies were charged by federal prosecutors in New York in… Read More
26th March 2020
Sweden’s financial supervisory authority has delayed the conclusion of an anti-money laundering assessment of Skandinaviska Enskilda Banken AB due to the coronavirus pandemic. The assessment of the Swedish bank was expected to conclude in April, but the Swedish FSA, known as the Finansinspektionen, said Wednesday that it was now… Read More
26th March 2020
An accounting firm at the centre of a massive tax avoidance scheme which exploited homeless and drug-addicted people has had its registration cancelled in the wake of an ABC investigation. Last month the ABC revealed a group of Victorian accountants were using people addicted to drugs and alcohol, the… Read More