Featured Crime (non-financial)

Calling London

By Matteo Civillini, Giulio Rubino, Cecilia Anesi, Investigative Reporting Project Italy (IRPI) OCCRP — Fabio Castaldi is surprisingly hard to find in London for a man who has registered hundreds of companies there. He supposedly runs a tax consultancy out of a co-working space in Moorgate, in the city’s central business… Read More

Australia urged to pass Magnitsky human rights law or risk becoming haven for dirty money

The man who spearheaded the United States’ Magnitsky Act – targeting sanctions against human rights violators around the world – has told Australia it risks becoming “a magnet for dirty money” from abusers and kleptocrats across the globe unless it brings in similar legislation. US financier Bill Browder, who championed… Read More

When conduct goes wrong, who do you blame?

Where does the buck stop? The tribulations surrounding two bank chief executives – one just departed, the other still in post – bring this perennial question to the fore again. On the face of it, there is clear blue water between the situation at Credit Suisse, where Tidjane Thiam has… Read More
17th February 2020
Drug barons have moved from laundering cash through banks to using smaller money service businesses, Scotland Yard’s head of specialist crime has said. DCS Michael Gallagher told the Guardian the network of 34,000 money service businesses (MSBs) was suspected of being the main way for those involved in serious and… Read More
14th February 2020
Barclays Plc Chief Executive Officer Jes Staley is being investigated over his ties to disgraced financier Jeffrey Epstein, his second run-in with British regulators since he joined the bank in 2015. The bank said regulators are probing how Staley characterized his relationship with Epstein, the convicted sex offender who… Read More
14th February 2020
Federal prosecutors have hit Chinese telecom equipment manufacturer Huawei with new charges in a superseding indictment unsealed Thursday, which details the company’s alleged illegal behavior in Iran and North Korea. Prosecutors in Brooklyn, New York, alleged that Huawei set up a shell company in Iran so that the subsidiary could… Read More
13th February 2020
The European Commission has sent legal warnings to Cyprus, Portugal, the Netherlands and five other EU states over their delays in applying new anti-money laundering rules adopted at European Union level two years ago. The 27 EU states were required to enact by January tighter rules to counter dirty-money risks… Read More
13th February 2020
The alleged mastermind of the 2008 attacks in Mumbai has been jailed in Pakistan for nearly six years on terror financing charges. Hafiz Saeed is wanted by Washington and New Delhi for allegedly planning the 2008 attack on India’s financial capital, when 10 Islamist militants armed with assault rifles,… Read More
12th February 2020
PayPal Holdings Inc (PYPL.O) is teaming up with criminologists and experts at several universities to probe the payment systems used in the trafficking of illegal firearms in the United States, the company said on Tuesday. The research aims to help financial companies and law enforcement understand what types of… Read More
10th February 2020
The Crown casino high-roller and junket partner known as “Mr Chinatown” – who is also a business partner of the Chinese president’s cousin – has been arrested and extradited to China for suspected money laundering and corruption. Crown Resorts regarded Tom Zhou as a “very, very important person” and paid… Read More
7th February 2020
A 31-year-old man has been charged over an $11 million cyber fraud in which he allegedly obtained the financial profiles and identities of more than 80 people to create fraudulent bank accounts and steal from their savings and superannuation accounts. Adam Jones, originally from South Australia, was arrested at a… Read More
6th February 2020
AP – Although not as notorious as Pablo Escobar and the Medellin cartel, Rodriguez-Orejuela and his brother, Miguel, fashioned a sophisticated global smuggling enterprise known for using innovative techniques to hide cocaine in all sorts of legitimate shipments — even such items as frozen vegetables and coffee packages. Read More
5th February 2020
In the years after Jeffrey Epstein registered as a sex offender, he closed his money management firm and started a business to develop algorithms and mine DNA and financial databases. Then he set up a bank. In a banking license application reviewed by The New York Times, Mr. Epstein… Read More