6th October 2020
France’s national financial prosecutor’s office has been asked to open an investigation into whether four French-based banks and an investment fund were complicit with Electrogas in laundering the proceeds of corruption. Sherpa, a French association that fights financial crimes, teamed up with the Daphne Caruana Galizia foundation to file the… Read More
6th October 2020
Sir Malcolm Rifkind had been more used to summoning ambassadors than visiting them. His spell as Foreign Secretary had been cut short, however, by a Conservative electoral collapse. Having lost his Commons seat too, in the first summer of the new millennium Rifkind approached the Czech embassy, a prize-winning concrete… Read More
6th October 2020
Pastry chef Jiamei Lu said she told the Federal Bureau of Investigation this summer that she was the victim of a financial fraud being run by a company linked to exiled Chinese businessman Guo Wengui and former White House political adviser Steve Bannon. Ms. Lu said that after she met… Read More
6th October 2020
Seven of Republican Texas Attorney General Ken Paxton’s senior staff have asked federal officials to investigate possible bribery and abuse of office charges against him, dropping a bombshell on the vocal supporter of President Donald Trump who is already facing felony securities fraud charges from his time in the Texas… Read More
5th October 2020
The shadow chancellor, Anneliese Dodds, is calling for the government to introduce a long-promised register of foreign owners of UK properties, to prevent criminals using homes as “dodgy bank accounts”. Reports of suspected money laundering have more than doubled since David Cameron used a speech in Singapore in 2015… Read More
5th October 2020
Portuguese auditing companies that broke anti-money laundering laws while helping Angolan billionaire Isabel dos Santos grow her business empire should face criminal prosecution, the country’s regulator has said. The Securities Market Commission, CMVM in Portuguese, investigated nine auditing companies that worked with dos Santos following the publication of the Luanda… Read More
5th October 2020
Nearly a year after the Vatican appointed one of Italy’s top anti-mafia prosecutors to tackle alleged financial wrongdoing in the Holy See, the Council of Europe’s anti-money laundering body, Moneyval, arrived in the Vatican to make its own assessment. “Today the assessment team of the Committee of Experts on… Read More
5th October 2020
For years, the deputy head of Kyrgyzstan’s customs service enabled customs fraud from the shadows. In 2017, he was unceremoniously fired. But Raimbek Matraimov appears to have found a way to stay in the customs game with the help of some old friends, a family of Uighur smugglers… Read More
5th October 2020
Classified documents from Britain’s financial crime agency have revealed how it allowed JP Morgan to pay $875 million of suspicious funds to Dan Etete, a former Nigerian oil minister widely known as a convicted money launderer. The documents, rarely seen Suspicious Activity Reports (SARs), were filed by the banking… Read More
2nd October 2020
A U.S. visa program that provides residency to wealthy investors from abroad “faces serious corruption and money laundering risks,” according to a recent report published by Transparency International Russia. Throughout the span of several years, investigators from the civil society organization posed as wealthy Russian investors applying for an… Read More