29th July 2020
The government of the U.S. Virgin Islands is upping the ante in its quest to pierce the veil of secrecy that cloaked the life and wealth of financier Jeffrey Epstein, the deceased sex-offender who accrued a fortune of more than $650 million under mysterious circumstances. At least ten financial institutions… Read More
29th July 2020
A Malaysian court on Tuesday found Najib Razak, the country’s former prime minister, guilty of corruption on charges stemming from the disappearance of $4.5 billion from a government investment fund he once controlled. The trial, the first of several related to the pilfering of funds from the 1 Malaysia… Read More
28th July 2020
Chinese international students are being forced to stage photos of themselves bound and blindfolded in an elaborate extortion con in which scammers obtain millions of dollars. In one case last month, a Chinese father paid $2 million after he received a video of his Australia-based daughter at an unknown location… Read More
24th July 2020
Prosecutors who are probing accused sex offender Ghislaine Maxwell haven’t identified the banks that helped her manage tens of millions of dollars. One of them was JPMorgan Chase & Co., according to people familiar with the matter. That’s another tie that Maxwell shares with Jeffrey Epstein, the late convicted… Read More
23rd July 2020
A costly visa favored by Russian oligarchs and other wealthy investors should be completely revised because it was widely exploited and applicants weren’t adequately vetted, according to a report that laid out the scale of the country’s infiltration in U.K. society and politics. “The U.K. welcomed Russian money, and… Read More
23rd July 2020
Italian and Swiss police have rounded up 74 suspected members of the ’NDrangheta mafia, lifting the lid on the international reach of the secretive criminal organisation. More than 700 officers took part in raids in Calabria, the crime syndicate’s home in the toe of Italy, and in Switzerland, seizing assets… Read More
22nd July 2020
Construction industry identity George Alex, his son Arthur and the wife of jailed drug kingpin Michael Ibrahim are allegedly among members of a major crime syndicate who have been arrested over their involvement in tax fraud and money laundering. In raids across Sydney and the Gold Coast on Tuesday morning,… Read More
21st July 2020
AP – The U.S. Justice Department has filed a series of lawsuits seeking to recover at least $104 million in funds allegedly embezzled by former officials in Kuwait’s Ministry of Defense. The seven lawsuits filed in U.S. District Court in Los Angeles claim the laundered funds were used to… Read More
21st July 2020
OCCRP – A new project that will be led by Europol and financed by the European Commission will help the EU’s eastern neighbours — Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine — fight organized crime. “Located along the Black Sea and forming part of the ‘heroin route’ from the… Read More
20th July 2020
Global wealth managers are examining whether their clients in Hong Kong have ties to the city’s pro-democracy movement, in an attempt to avoid getting caught in the crosshairs of China’s new national security law, according to six people with knowledge of the matter. Bankers at Credit Suisse Group AG (… Read More