22nd October 2020
The European Union’s executive said on Tuesday it was launching legal action against Cyprus and Malta over their investor citizenship programmes, also known as “golden passport” schemes. The schemes allow wealthy foreigners to buy citizenship in exchange for an investment of around 1 million euros in Malta and 2 million… Read More
21st October 2020
By Simon Bowers, ICIJ, 20 October 2020 ICIJ — A trade group representing firms that specialize in corporate secrecy has been lobbying the British government to give its members a central role in efforts to counter the country’s reputation as a leading provider of front companies to organized crime… Read More
20th October 2020
Goldman Sachs Group Inc. has reached a long-awaited pact with the U.S. Department of Justice to pay more than $2 billion for the bank’s role in Malaysia’s 1MDB scandal, and the deal may be announced within days, according to people familiar with the matter. The accord, part of an international… Read More
20th October 2020
The Polish unit of the Dutch bank ING, ING Bank Slaski, for years allegedly helped Russian and Ukrainian oligarchs move huge sums of money out of ex-Soviet Union countries, according to the US Treasury’s fraud investigation department, FinCen. FinCen files were leaked to and published by the International Consortium… Read More
20th October 2020
By Ben Hallman, Spencer Woodman, Will Fitzgibbon and Karrie Kehoe, ICIJ, 19 October 2020 ICIJ — The biggest banks in the world are moving vast amounts of money for drug cartels, corrupt regimes, arms traffickers and other international criminals after having pledged repeatedly to do more to staunch the… Read More
20th October 2020
The Department of Home Affairs is investigating the alleged cash-for-visa scheme linked to former Wagga Wagga MP Daryl Maguire, as the head of the department revealed he has reason to believe the former politician may have approached the federal government to make representations about visa issues. The secretary of home… Read More
20th October 2020
It was early July when David Velásquez, then 29, started to feel the aches and fever that made him suspect he had caught COVID-19. His brother, José, rushed him to one of Honduras’ emergency centers for virus testing and treatment, but all he found was chaos. “The disorganization was tremendous,”… Read More
19th October 2020
A money-laundering operation that allegedly funnelled tens of millions of pounds through Scotland from Libya is believed to be the largest fraud investigation in Scottish history. The findings of a six-year inquiry by Police Scotland are being considered by prosecutors. Government officials in the north African country claimed that a… Read More
19th October 2020
The row of 1960s-built houses with untidy gardens on a quiet cul-de-sac near Richmond upon Thames appears to have little in common with Ecuador’s red-brick embassy in Knightsbridge, where Julian Assange spent seven years in hiding, just across the road from Harrods. The unassuming suburban dwellings also have little… Read More
19th October 2020
For years, the United States called on a cadre of senior Mexican officials as its partners in the drug war. But some of the men working most closely with Washington allegedly had a side hustle of helping to traffic drugs. In the past 10 months, two members of Mexico’s elite… Read More