27th October 2020
Steven Kennedy, the former secretary of the infrastructure department, has conceded the controversial land sale at Leppington Triangle related to the second Sydney airport is “now reflecting poorly on all of us, and we need to get to the bottom of it”. Kennedy, now the head of the Treasury… Read More
26th October 2020
Switzerland’s Julius Baer will withhold millions of francs in bonuses from two former chief executives after an internal investigation faulted the pair for failing to protect the bank from a South American money laundering scandal, the Financial Times reported. The Swiss wealth manager is seeking to withhold more than… Read More
26th October 2020
By Lawrence Marzouk and Stevan Dojčinović, OCCRP, 23 October 2020 OCCRP – A Cypriot shell firm accused of funnelling bribes on behalf of a notorious Serbian weapons dealer deposited $1.7 million into a secretive trust fund set up for a prominent Saudi, leaked bank records show. That fund’s Qatari… Read More
26th October 2020
The U.S. is seeking to confiscate a $22 million Los Angeles mansion from a company controlled by a private-jet entrepreneur, as it goes after assets it says the home’s previous owner bought with the spoils of corrupt Nigerian oil deals. The 15,000-square-foot, six-bedroom Bel Air property, which its developer… Read More
23rd October 2020
Goldman Sachs, one of Wall Street’s oldest and most prestigious banks, will pay $2.9 billion in penalties and fees to settle federal charges over its involvement in a Malaysian bribery scheme, the Justice Department announced Thursday. Prosecutors in the Eastern District of New York charged the bank with conspiracy to… Read More
23rd October 2020
Prompted by the FinCEN Files, a powerful U.K. parliamentary committee has launched a fresh anti-money laundering inquiry 19-months after it outlined findings that the nation’s response to billions of pounds in money-laundering was “fragmented.” In light of the International Consortium of Investigative Journalists’ recent investigation, the U.K. Treasury Committee… Read More
23rd October 2020
The European Central Bank yesterday unveiled an enhanced internal whistleblowing framework designed to help employees flag wrongdoing without fearing retaliation for their own careers. In a statement, the ECB said the tool would “enable staff to speak up in confidence” and anonymously if they detected suspected wrongdoing and highlight “potential… Read More
23rd October 2020
Australian police are investigating the alleged transfer of Vatican funds to Australia amid the prosecution of former Vatican treasurer George Pell for child sex abuse and have referred the matter to an anti-corruption body. The Australian Federal Police (AFP) confirmed on Wednesday they have received information from Australia’s financial crimes… Read More
23rd October 2020
AP – A German arrest order for two Panamanian lawyers whose firm was at the center of an international tax evasion scandal faces a substantial obstacle: Panama’s constitution prohibits the extradition of its citizens. Juergen Mossack and Ramón Fonseca are sought by Cologne prosecutors on charges of being an… Read More
22nd October 2020
By Adriana Homolova and Dada Lyndell, OCCRP, 21 October 2020 OCCRP — As countries across Europe went into lockdown earlier this year to fight the COVID-19 pandemic, there was one early and obvious casualty: transparency. In the rush to obtain critical supplies, many countries suspended their usual public procurement… Read More