Featured Crime (non-financial)

Moscow front companies, tax havens tied to Assad’s ‘chemical arsenal’

A Russian-Syrian business network has been accused of using Moscow front companies, tax havens in British overseas territories and European countries to transfer millions of dollars around the world for the Assad regime. The network, run by a Russian-Syrian businessman called Mudalal Khouri and his brothers, is said to have… Read More

Trump taxes likely going to Manhattan D.A., but maybe few others

President Donald Trump’s refusal to release his tax returns has long fed a belief among his critics that they must contain politically damaging financial information or even evidence of criminal conduct. The U.S. Supreme Court on Thursday cleared the way for Manhattan District Attorney Cyrus Vance to get his hands… Read More

JPMorgan Dropped Accounts That Became Bad News for Deutsche Bank

The trio of clients that got Deutsche Bank AG in regulatory trouble this week had a shared back story: They were all castoffs of JPMorgan Chase and Co. Deutsche Bank moved millions of dollars across the globe for convicted sex offender Jeffrey Epstein in the past decade, and… Read More
10th July 2020
Growth in cryptocurrency adoption in recent years has attracted public interest, investment opportunities and regulatory attention. While cryptocurrency-related headlines are now commonplace, cryptocurrency mining remains an obscure topic to most. Anti-financial crime professionals familiarizing themselves with cryptocurrency risks should be certain to focus on what may appear to be a… Read More
10th July 2020
The Kremlin has said it will impose retaliatory sanctions on the UK after Dominic Raab announced Magnitsky Act-style measures against individuals in Russia, Saudi Arabia, Myanmar and North Korea. Britain’s post-Brexit sanctions, which are designed to stop the laundering of “blood money”, targeted 20 Saudis and 25… Read More
9th July 2020
The Justice Department is examining whether scandal-plagued German payment company Wirecard AG played a critical role in an alleged $100 million bank-fraud conspiracy connected to an online marijuana marketplace, according to people familiar with the investigation. Two businessmen have already been charged in the alleged fraud, accused of… Read More
9th July 2020
By Sandrine Gagné-Acoulon, OCCRP, 8 July 2020 OCCRP — A US think tank claims that poor enforcement has turned Dubai into a hotbed of dodgy dealings by allowing the emirate to serve as a major crossroad for gray networks and international finance. The Carnegie Endowment for International Peace released… Read More
9th July 2020
Last week Italian law enforcement agents carried out what they said was the world’s largest ever drugs bust of amphetamines. A video from the Guardia di Finanza, a financial crime and smuggling investigations unit attached to the Ministry of Economy and Finance, shows officers using circular saws to cut… Read More
9th July 2020
When Deutsche Bank AG sought out Jeffrey Epstein as a client, he was a convicted Florida sex offender with a publicized taste for young eastern European women. The bank helped him send millions of dollars to his alleged co-conspirators. It handled transfers to women with Russian bank accounts. And… Read More
8th July 2020
By Anastasia Austin, InSight Crime, 7 July 2020 InSight Crime – A criminal group in Argentina has found a novel target for extortion: black market currency dealers who are moving large amounts of cash to dollar-hungry Argentines in an economy hit hard by the pandemic. Known as “cuevas,” or… Read More
8th July 2020
A U.K. regulator on Monday told the country’s biggest professional services firms to draw up plans for separating their audit businesses by Oct. 23 and for the work to be completed by mid-2024. The Financial Reporting Council—the U.K.’s accounting and audit watchdog—said it aims to reduce potential conflicts of interest… Read More
8th July 2020
A former private secretary to Argentina’s vice-president has been murdered, fuelling speculation that he was targeted for being a whistleblower in a corruption case. The body of Fabián Gutiérrez, 48, who for years worked closely with Cristina Fernández de Kirchner and later testified against her, was found at a… Read More
8th July 2020
The UK is imposing sanctions on 49 people and organisations behind the most “notorious” human rights abuses of recent years. Individuals implicated in the death of Russian lawyer Sergei Magnitsky in 2009 will have their UK assets frozen and banned from entering the country. And Saudi Arabian officials involved in… Read More