25th August 2020
The federal prosecutor’s office in Brussels has opened a criminal investigation into the Swiss bank Credit Suisse, in particular the dealings of 2,600 Belgian clients suspected of using Swiss bank accounts to evade taxes. “A criminal investigation has been opened against Credit Suisse for money laundering and unlawfully acting as… Read More
24th August 2020
OCCRP – Since the devastating explosion of a store of ammonium nitrate in Beirut’s port on August 4, Lebanese citizens have taken to the streets in shock, outrage, and grief. Above all, they have demanded answers: Where did the nearly 3,000 tons of explosive chemicals come from, and who… Read More
24th August 2020
AP – Pakistan has issued sweeping orders enforcing financial sanctions against Afghanistan’s Taliban, just as the militant group is in the midst of a U.S.-led peace process in the neighboring country. Pakistan’s foreign ministry in a statement late on Saturday said the sanctions are not new but rather are… Read More
24th August 2020
When billionaire Robert Smith ended his 2019 Morehouse College commencement speech by vowing to pay off student debt for the entire graduating class, cheers of “MVP, MVP, MVP!” rose from students and faculty on the Atlanta campus. What the audience didn’t know was that Smith was harboring a financial secret. Read More
20th August 2020
The Trump administration is considering additional sanctions on Venezuela aimed at halting the remaining fuel transactions permitted with the South American nation, according to people familiar with the matter. The measures could target crude swaps with companies in Asia and Europe, said the people, who requested anonymity because the talks… Read More
20th August 2020
A Harlingen man was indicted by a federal grand jury in late July for allegedly using his position at a Wells Fargo branch to coordinate withdrawals from shipments of narcotics proceeds. Stephen Roland Reyna was granted a $50,000 bond following a detention hearing before U.S. Magistrate Judge Ignacio Torteya, III… Read More
19th August 2020
Germany’s federal anti-money laundering unit registered a record 114,914 suspected cases of money laundering and financing of terrorism last year, Berlin’s Tagesspiegel newspaper reported Tuesday. That amounts to a jump of almost 50% compared to the previous year. According to an advance copy of the Financial Intelligence Unit’s (FIU) 2019… Read More
19th August 2020
Indian taxpayers appear a step closer to reaping millions of dollars their fellow citizens have stashed illicitly in secrecy jurisdictions, following a recent landmark ruling against the elderly beneficiary of an undeclared Swiss bank account. Based on her declared taxable income of less than $4,000 in 2006, the powerful… Read More
18th August 2020
By Kristian Lasslett, openDemocracy, 17 August 2020 openDemocracy – With its elegant tree-lined streets and upmarket residences, Geneva’s Vandoeuvres district typifies the extreme wealth that runs through the secretive financial veins of Switzerland. The country, which the Tax Justice Network calls “the grandfather of the world’s tax havens”,… Read More
18th August 2020
Malta’s consul to Shanghai was charged with money laundering on Sunday after police discovered a large sum of money hidden in his home. Aldo Cutajar, 55, was remanded in custody after being arraigned in court by the police’s Economic Crimes Unit along with his wife Isabel. The police told the… Read More