Was Islamic State trying to sell €1 billion worth of drugs in Europe?
9th July 2020
Was Islamic State trying to sell €1 billion worth of drugs in Europe?
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
Deutsche Bank Fined $150 Million Over Epstein Red Flags
9th July 2020
Deutsche Bank Fined $150 Million Over Epstein Red Flags
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
Argentina drug gang extorts ‘blue dollar’ sellers
8th July 2020
Argentina drug gang extorts ‘blue dollar’ sellers
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
U.K. regulator orders Big Four to separate audit practices by 2024
8th July 2020
U.K. regulator orders Big Four to separate audit practices by 2024
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
Argentina aide who testified in Kirchner corruption case is found murdered
8th July 2020
Argentina aide who testified in Kirchner corruption case is found murdered
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
UK imposes sanctions against human rights abusers
8th July 2020
UK imposes sanctions against human rights abusers
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
Iranian Military-Owned Conglomerate Sets Up Shop in Venezuela
7th July 2020
Iranian Military-Owned Conglomerate Sets Up Shop in Venezuela
An Iranian conglomerate owned by the country’s military and tied to its missile program has established a retail foothold in Venezuela, according to officials and records detailing the move, deepening Tehran’s involvement with the Maduro government. The Iranian firm is working with the Maduro government’s troubled emergency food program, which… Read More
The pandemic could expose more Wirecards
7th July 2020
The pandemic could expose more Wirecards
The coronavirus pandemic has already seen one major accounting fraud. There could be more to come. The implosion of digital payments company Wirecard has set off a huge scandal in Germany, where financial regulators, auditors and the firm’s supervisory board are being asked how they missed a $2 billion… Read More
Ireland: How criminals clean their dirty money
7th July 2020
Ireland: How criminals clean their dirty money
‘Money laundering is modern-day alchemy. You take cash earned from criminal activity, put it through a system designed to obliterate any trail of its origins, and then bring it out the other end as legitimate income,” said Jeffrey Robinson, author of The Laundrymen, a seminal book on the subject. Money… Read More
Estonia claims share of any U.S. fines in money laundering scandal
6th July 2020
Estonia claims share of any U.S. fines in money laundering scandal
Estonia said on Friday that it wanted to receive a share of any fines imposed by the United States if banks are found guilty of money laundering in the Baltic nation in ongoing inquiries. U.S. authorities are investigating Denmark’s largest bank Danske (DANSKE.CO), which was forced out of Estonia… Read More
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