Featured Bribery & Corruption

Next Hurdle in Treasury’s Corporate Transparency Push? Verification

The U.S. Treasury Department last month kicked off the process of establishing a long-awaited corporate ownership registry. The agency is already facing sharply diverging views on how it should work. Top of mind for financial institutions and other stakeholders is how ownership information that is submitted to the Treasury’s Financial… Read More

JPMorgan Must Turn Over U.S. Compliance Records in Nigerian Oil License Case: UK Court

The UK High Court has ordered JPMorgan Chase to turn over compliance documents ahead of a trial in which the bank stands accused of enabling the misappropriation of $875 million from the government of Nigeria, the Financial Times reported on Tuesday. The decision stems from an… Read More

Mystery of Sanctioned Tycoon’s Assets in Zimbabwe Revival Plan

In December, the government of Zimbabwe announced a multibillion-dollar project called Kuvimba Mining House Ltd. that would hold some of the nation’s most valuable gold, platinum, chrome and nickel mines and whose revenue would be used to revive the country’s moribund economy. The venture would be 65% owned by the… Read More
12th May 2021
By Katya Bleszynka, Insight Crime, 10 May 2021 InSight Crime — Millions of dollars in state funds were allegedly laundered through a religious non-profit in the Dominican Republic, showing how minimal oversight of these faith groups makes them ideal vehicles for embezzlement. On May 10, security… Read More
11th May 2021
According to SABC News The South African Communist Party (SACP) will be taking the necessary measures against it’s members, if they are charged with serious crimes such as corruption, in a move that echoes the African National Congress’ (ANC) approach. The National Executive Committee for the… Read More
11th May 2021
The government is set to introduce new rules on forfeiture, management and auction of properties and assets relating to Anti-Money Laundering (AML) cases and transfer of investigations and prosecution of AML cases from police, provincial anti-corruption establishments (ACEs) and other similar agencies to specialised agencies to achieve remaining benchmarks of… Read More
11th May 2021
The U.S. Department of Justice has dropped a probe into Deutsche Bank AG’s role in the 1MDB scandal, removing a potential legal headache as Malaysia steps up its demands for compensation. The DOJ sent a letter to notify the German bank that the investigation had been closed, people familiar… Read More
10th May 2021
JPMorgan Chase & Co. was warned by its compliance team over the “great risk” of corruption just days before it made the last of three transfers that totaled $875 million to a former Nigerian oil minister. The internal memo is set to be scrutinized in a London lawsuit brought… Read More
10th May 2021
Three law firms have filed a plethora of 21 civil suits to claim billions of US dollars on behalf of state-owned 1Malaysia Development Bhd (1MDB) and its former subsidiary SRC International Sdn Bhd. The firms of Rosli Dahlan Saravana Partnership (RDS), Skrine & Co and Lim Chee Wee Partnership filed… Read More
10th May 2021
By Jullet Pineda, OCCRP, 8 May 2021 OCCRP — A federal court in Brazil acquitted former president Michel Temer (2016-2018) on Wednesday after finding there wasn’t enough evidence to support the prosecution’s claim that he had led a criminal organization which facilitated bribery. In 2017, Brazilian… Read More
10th May 2021
Festering power struggles in South Africa’s ruling party erupted when President Ramaphosa was publicly challenged by his most influential rival. Ace Magashule responded by saying he would not budge as secretary-general and was instead invoking his own powers to suspend Ramaphosa as leader of the African National Congress (ANC). The… Read More
9th May 2021
For years, many Texans charged with driving while intoxicated and drug possession turned to the attorney riding the RV decorated with marijuana leaves. Known as the “DWI Dude,” James Morris Balagia prided himself on getting people accused of serious crimes acquitted or their charges lowered. His motto fit his carefree… Read More
7th May 2021
Wall Street firms have urged the Biden administration to ease the industry’s burden in complying with a flood of financial sanctions the U.S. has levied in recent years as a primary tool of foreign policy toward Russia, China, Iran and other adversaries. Financial services industry groups have asked for more… Read More