21st December 2020
Luxury London homes are an “attractive method to launder illicit funds”, a government report has said as the National Crime Agency steps up its McMafia-style “dirty money” investigations into suspect funds flooding into the country. The national risk assessment of money laundering and terrorist financing 2020 has upgraded… Read More
21st December 2020
A woman who spent £16 million in Harrods has lost her legal battle against the UK’s first Unexplained Wealth Order (UWO). Zamira Hajiyeva, the wife of an Azerbaijani banker, was targeted by the National Crime Agency (NCA) in 2018 after details of her lavish spending habits were revealed and it… Read More
21st December 2020
The number of cases of suspected match-fixing in esports has more than doubled in 2020 amid fears that Covid-19 has contributed to a surge in corruption in competitive video gaming. Criminal gangs – including mafia groups and Chinese triads – are among those orchestrating corruption in esports. Esports – competitive… Read More
21st December 2020
Illicit funds from Azerbaijan were used by a London couple to fly female models to Ibiza by private jet and pay school fees, a court has been told in a case being conducted under a veil of secrecy. The National Crime Agency alleges that the spending came from nearly £14 million of corrupt… Read More
21st December 2020
AP — The Trump administration has imposed sanctions on an Argentine-owned technology company for helping Nicolás Maduro carry out recent legislative elections boycotted as fraudulent by the U.S.-backed opposition. The Caracas-based Ex-Cle CA provided the Maduro government with voting machines as well as software for this month’s vote, according… Read More
18th December 2020
The FATF (Financial Action Task Force) has issued a new report detailing how criminals are continuing to exploit the Covid-19 crisis. The report represents an update to the FATF’s May report, which identified challenges, good practices and policy responses to new money laundering and terrorist financing threats and vulnerabilities… Read More
18th December 2020
Political elites and their grip on power are the main driving force behind state capture in the Western Balkans and Turkey, a new Transparency International report asserts. The report, “Examining state capture”, published on Tuesday, notes “two key enabling factors of state capture in the Western Balkans and Turkey: impunity… Read More
17th December 2020
For the past four years, antics in the US have drawn a degree of international attention away from the UK’s problems combatting illicit finance. Investigations into President Donald Trump’s finances, Russian funding of interference in US democracy and efforts to reform the transparency of US company ownership have consumed the global illicit… Read More
17th December 2020
A former Venezuelan national treasurer and her husband were indicted by a Miami federal grand jury Tuesday on charges of accepting millions in bribes from a billionaire businessman who paid them through U.S. bank accounts so he could make a fortune off the Venezuelan government’s lucrative currency exchange system. Former… Read More
17th December 2020
Brazilian investigators are pursuing the first criminal probe of current executives at commodities trading firm Trafigura on allegations they approved the bribery of employees at state-controlled oil producer Petrobras, according to three people familiar with the matter. The investigation has focused on two of the three top Trafigura here directors,… Read More