6th February 2020
AP – Although not as notorious as Pablo Escobar and the Medellin cartel, Rodriguez-Orejuela and his brother, Miguel, fashioned a sophisticated global smuggling enterprise known for using innovative techniques to hide cocaine in all sorts of legitimate shipments — even such items as frozen vegetables and coffee packages. Read More
6th February 2020
A woman who blew £16m of unexplained wealth in Harrods has lost her appeal against a National Crime Agency bid to seize her luxury London home. The Court of Appeal has rejected Zamira Hajiyeva’s attempt to stop the UK’s first ever Unexplained Wealth Order from being implemented against her. Mrs… Read More
6th February 2020
Two brothers from a Belgian gold refinery have been found guilty by a court in Antwerp of money laundering and fraud and given 18-month suspended jail sentences, a court ruling showed. The judgment comes as investigators and states increase pressure on refineries to make sure illegally mined or traded gold… Read More
5th February 2020
The United States and the British dependency of Jersey have agreed with Nigeria to repatriate more than $300 million in funds stolen by former military ruler General Sani Abacha, the three governments said. Abacha ruled Nigeria, Africa’s biggest oil producer, from 1993 until his death in 1998. Corruption watchdog Transparency… Read More
17th January 2020
A British prosecutor launched a fresh attempt on Thursday to confiscate tens of millions of pounds stolen from an oil-producing state in Nigeria by its former governor, who was convicted of laundering his loot in Britain. James Ibori, who was governor of Delta State from 1999 to 2007, pleaded guilty… Read More
8th January 2020
The prudential regulator has described the risk and compliance functions of the nation’s largest financial institutions as in need of urgent overhaul, as it completes a deep dive of the systems that permitted banks to break money laundering laws millions of times and wrongly charge customers billions in fees. Early… Read More
16th December 2019
The wife of a jailed “fat cat international banker” is fighting to overturn the UK’s first unexplained wealth order at the Court of Appeal. Zamira Hajiyeva, who spent more than £16m at Harrods in a decade, faces losing her home in Knightsbridge, central London, which was purchased… Read More
29th November 2019
The wanted runaway politician, businessman and equestrian Oleksandr Onyshchenko has said he is about to return to Kyiv on Dec. 13 to face down accusations of fraud and money laundering. “I believe it is time,” he told the Kyiv Post on Nov. 21. As proof, millionaire Onyshchenko sent the Kyiv Post his… Read More
27th November 2019
New Zealand’s central bank said on Wednesday it was ramping up its scrutiny of banks and insurers ahead of its highly anticipated decision on raising bank capital requirements. The Reserve Bank of New Zealand’s decision to increase oversight on financial institutions comes after a number of high-profile censures of Australian… Read More
1st October 2019
Pakistan’s government is facing an embarrassing high court case after allegedly failing to pay a multimillion-pound bill for tracking down properties once owned by the country’s disgraced former prime minister Nawaz Sharif. The asset recovery firm Broadsheet has launched an unusual claim for about £17m… Read More