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Venezuela’s Modeling Agencies Repeatedly Linked to Human Trafficking

InSight Crime — As sex trafficking has soared in Venezuela, seemingly legitimate modeling agencies are repeatedly being linked to cases of human trafficking, often sending women abroad. The most recent case came in late April when the Sambil modeling agency in Venezuela was raided by authorities and… Read More

Venezuela prosecutor who defied Maduro implicated in bribery

AP — A former Venezuelan attorney general who defied President Nicolas Maduro by siding with his opponents has been implicated in a major corruption case involving a Venezuelan businessman who this week pleaded guilty to paying $1 million in bribes, two people familiar with the case said… Read More

French Plane-Maker Dassault Aviation Denies Fresh Allegations of Corruption in Rafale Deal

French aerospace major Dassault Aviation on Thursday rejected fresh allegations of corruption in the Rafale fighter jet deal with India, saying no violations were reported in the frame of the contract, days after French online journal Mediapart alleged that the jet manufacturer had paid nearly one million Euros to an… Read More

12th February 2021

TI: Most Defence Companies in The World Do Little to Combat Graft

By Zdravko Ljubas, OCCRP, 10 February 2021 OCCRP — Transparency International revealed on Tuesday that nearly three quarters of the world’s largest defence companies show minimum or no commitment to tackling corruption, wasting this way huge amounts of the nearly US$2 trillion of public money spent… Read More

11th February 2021

The Italian Mafia and the Move Upstream

By James Bargent, InSight Crime, 9 February 2021 InSight Crime – Operation ‘Tiburón Galloway’ began as a local investigation by prosecutors in the Italian region of Calabria in 2001, but quickly snowballed into a multinational, multiagency investigation. Over five years, prosecutors uncovered a vast cocaine trafficking and… Read More

11th February 2021

Serbian President’s ‘Best Man’ Linked to Businessman with Organized Crime Ties

By Dragana Pećo (OCCRP/KRIK) andVesna Radojević (KRIK), 9 February 2021 OCCRP — The shadow of Stanko Subotić has long stalked Serbian President Aleksandar Vučić. Allegations of links between the businessman with ties to organized crime and the country’s top politician have often been levelled, but never… Read More

11th February 2021

BVI’s financial secrecy score worsens in the last two years

The BVI’s ranking for financial secrecy has worsened in the last two years, according to the latest Financial Secrecy Index published by the Tax Justice Network (TJN). TJN publishes the index once every two years and ranks countries based on how much financial secrecy they supply to the world. The… Read More

10th February 2021

Malta: Nigerian footballer Sunday Eboh charged with money laundering in romance fraud

One of Malta’s most prolific Nigerian footballing imports, Sunday Eboh, has been charged with four others in a romance fraud case. Eboh, Maltese national Alexandra Pace, Nigerian nationals Collins Eguavoen, Marvis Iyeke and Tony Ogbonna were arrested late Monday night to be charged with money laundering. Police said that an… Read More

10th February 2021

Reform looms for Victoria’s ‘lap dog’ gambling watchdog

The former chief of Victoria’s gambling regulator says the watchdog’s public servants are too preoccupied with the administration of liquor licences to properly police Crown casino. Peter Cohen, who ran the Victorian Commission for Gambling and Liquor Regulation until 2010, said the organisation had lost its focus on gaming and… Read More

7th January 2021

Swedish bankers face identity crisis over digital currency plans

A new way to pay is causing existential angst among Swedish bankers who worry that the e-krona, an electronic equivalent of Sweden’s currency, could cost them their deposit base. Sweden launched a review into the e-krona’s feasibility in December after a pilot programme at the central bank, making the Nordic… Read More

17th December 2020

Norwegian bank in hot water over Fishrot

Norway’s largest bank, DNB, ended its relationship with Icelandic seafood company Samherji after the fishing company gave what the bank deemed inadequate explanations of payments to three offshore companies and a company owned by the son-in-law of Namibia’s former fisheries minister. Documents filed in the Windhoek High Court shed new… Read More

26th November 2020

Malta: Whistleblower Maria Efimova fears for her safety amid threats and new arrest warrants

Just when she thought the persecution was over, Maria Efimova, the whistleblower who helped expose the corrupt ties between organised crime and Malta’s political establishment, found that the nightmare was back. On Monday 17 November, Pantelis Varnava, Efimova’s husband, was put under arrest in Crete following a request from Cyprus’… Read More

26th October 2020

Westpac flags $1.2b hit to earnings on misconduct costs, write-downs

Westpac has flagged a $1.2 billion hit to earnings caused by write-downs across its insurance businesses, a growing remediation bill and mounting costs related to the landmark legal case over anti-money laundering law breaches. The big four bank said on Monday its life insurance business would be written down by… Read More

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