Featured Crime (non-financial)

Hong Kong tycoons start moving assets offshore as fears rise over new extradition law

Some Hong Kong tycoons have started moving personal wealth offshore as concern deepens over a local government plan to allow extraditions of suspects to face trial in China for the first time, according to financial advisers, bankers and lawyers familiar with such transactions. One tycoon, who considers himself potentially politically… Read More

Drug cartels’ ties to politics in spotlight as Guatemala votes

The mayor of Nueva Concepcion, a town on the Pacific coast of Guatemala, stands accused by prosecutors of drug trafficking and money laundering for Mexican cartels that use the coastal route to transport cocaine to the United States. Yet Otoniel Lima, who rides around his poor municipality of 130,000 people… Read More

Drug Gang Faces Prison After Laundering Proceeds in UK Banks

Members of a drug trafficking group that laundered their illicit proceeds in banks throughout England are facing prison sentences following convictions announced Wednesday by the UK National Crime Agency (NCA). The group made millions of pounds selling heroin, cocaine and ketamine across the country and laundered the cash through… Read More
11th June 2019
AP — Internet entrepreneur Kim Dotcom and three of his former colleagues on Monday took their fight against being extradited to the U.S. to New Zealand’s top court. The Supreme Court began hearing arguments in the seven-year-old case after Dotcom and the others lost several previous court rulings. But even… Read More
10th June 2019
AP — A new state law allowing Nevada to test out a limited marijuana banking system is expected to bring some relief to the state’s booming cannabis industry where dispensaries and other businesses are forced to deal in cash. The measure, signed into law Wednesday by Democratic Gov. Steve Sisolak,… Read More
10th June 2019
Riot police surrounded Hong Kong’s parliament early on Monday after what had been a peaceful million-strong protest against an extradition bill descended into running clashes between police and protesters. Several hundred riot police armed with batons, shields, tear gas guns and pepper spray sealed off the Legislative Council as a… Read More
7th June 2019
Tens of thousands of people are expected to take to the streets of Hong Kong on Sunday in a bid to block changes to the Chinese-ruled city’s extradition laws, which could pave the way for fugitives wanted by mainland China to be sent across the border for trial for the… Read More
6th June 2019
Over $267 million has been seized from an account maintained for former Nigerian head-of-state Sani Abacha, according to the Bailiwick of Jersey. The funds, which have been transferred to Jersey’s Civil Asset Recovery Fund, were derived from corruption and laundered through the US banking system with aid of Abacha’s son… Read More
6th June 2019
An opposition politician has collected 680,000 signatures to push for Hungarian membership of a planned European Union prosecutor’s office (EPPO), a step rejected by Budapest’s eurosceptic nationalist government. Due to be launched in 2020, the EPPO will be geared to investigating and pressing criminal charges in cases crossing borders of… Read More
6th June 2019
AP — A former business manager to Stan Lee has pleaded not guilty Wednesday to charges that he abused the Marvel Comics legend. Keya Morgan, 43, entered the plea Wednesday in Los Angeles after authorities transported him from Arizona, where he was arrested last month. Morgan was charged in May… Read More
4th June 2019
Hong Kong will make concessions to a controversial extradition bill, Security Secretary John Lee said on Thursday, but opposition lawmakers called for the legislation, which they fear will extend Beijing’s reach into the city, to be scrapped. Various groups in Hong Kong, including democracy activists, have objected to the proposals,… Read More
3rd June 2019
AP — The Honduran government says that U.S. federal court documents show no incriminating evidence against President Juan Orlando Hernández, despite listing him as being a target of a Drug Enforcement Administration investigation. Revelations of the investigation prompted Hernández’s office to issue a statement Thursday saying that drug traffickers who… Read More
3rd June 2019
Kenya plans to withdraw an old version of its 1,000 shilling ($9.88) banknote to tackle illicit financial flows and counterfeiting, its central bank governor said on Saturday. President Uhuru Kenyatta promised to stamp out graft when he was first elected in 2013, but critics say he has been slow to… Read More