18th December 2020
Credit Suisse Group AG and one of its former bank managers have been indicted by Swiss prosecutors over the lender’s alleged failure to prevent money laundering by a Bulgarian drug ring. The Zurich-based bank failed to take all the organizational measures that were “reasonable and required” to guard against… Read More
18th December 2020
By David Klein, OCCRP, 16 December 2020 OCCRP – Australian government agency that tracks criminal abuse of the financial system has found the country’s package tour industry a high risk sector for money laundering, financing of terrorism and organized crime, the agency’s latest report revealed. Transaction Reports and… Read More
17th December 2020
The European Parliament will urge European Union leaders to use new sanction powers to punish Xinjiang officials but stop short of invoking any claim of “genocide”, according to a draft resolution seen by the South China Morning Post. The motion’s preparation comes shortly after the EU’s foreign policy chief, Josep… Read More
17th December 2020
A member of one of Germany’s most notorious crime families has been arrested on suspicion of helping to steal hundreds of priceless jewels from a Dresden museum in one of the country’s biggest burglaries. Mohamed Remmo, 21, one of a pair of twins wanted for their alleged role in the… Read More
16th December 2020
By Cecilia Anesi and Giulio Rubino, OCCRP, 15 December 2020 OCCRP–Police agencies have long known that Mexican drug cartels help supply Europe’s nearly US$10 billion annual cocaine habit, but acknowledge they have little idea about the workings of these highly organized and well-financed operations. But now,… Read More
16th December 2020
A “trusted adherent” of the Kinahan gang who laundered hundreds of thousands of euro has been jailed for five years. Jonathan Harding was caught after he was spotted by gardaí leaving premises that contained an arsenal of firearms and ammunition that could “arm a small country”. The Special Criminal Court… Read More
15th December 2020
Allegations of shady deals, irregularities in grant of government projects, instances of illegal imports dating back to 2017, money laundering and kickbacks running into crores of rupees — the Kerala gold smuggling case has opened a can of worms of suspected “networks” allegedly involving senior state government functionaries and diplomats. Read More
15th December 2020
Six expats have been imprisoned in Abu Dhabi and slapped with hefty fines on charges of money laundering. The accused, all Pakistani nationals, were charged with “committing money laundering by conducting suspicious banking transactions in an attempt to conceal the origin of funds obtained from drug trafficking”, the Abu Dhabi… Read More
14th December 2020
The leader of the Taliban had life insurance and built up a large property portfolio before he was killed in a US drone strike, a court in Pakistan has been told. Mullah Akhtar Mansour had used fake identities to buy at least five properties in Karachi, and is believed… Read More
11th December 2020
The Hong Kong neighborhood of Wan Chai may be home to the most eclectic and densest concentration of US-sanctioned enterprises anywhere on the planet. In less space than a square mile, you’ve got offices tied to: an alleged financier for Hezbollah, the Lebanese militant group; an individual accused… Read More