Hong Kong tycoons start moving assets offshore as fears rise over new extradition law
17th June 2019
Hong Kong tycoons start moving assets offshore as fears rise over new extradition law
Some Hong Kong tycoons have started moving personal wealth offshore as concern deepens over a local government plan to allow extraditions of suspects to face trial in China for the first time, according to financial advisers, bankers and lawyers familiar with such transactions. One tycoon, who considers himself potentially politically… Read More
Drug cartels’ ties to politics in spotlight as Guatemala votes
17th June 2019
Drug cartels’ ties to politics in spotlight as Guatemala votes
The mayor of Nueva Concepcion, a town on the Pacific coast of Guatemala, stands accused by prosecutors of drug trafficking and money laundering for Mexican cartels that use the coastal route to transport cocaine to the United States. Yet Otoniel Lima, who rides around his poor municipality of 130,000 people… Read More
Drug Gang Faces Prison After Laundering Proceeds in UK Banks
14th June 2019
Drug Gang Faces Prison After Laundering Proceeds in UK Banks
Members of a drug trafficking group that laundered their illicit proceeds in banks throughout England are facing prison sentences following convictions announced Wednesday by the UK National Crime Agency (NCA). The group made millions of pounds selling heroin, cocaine and ketamine across the country and laundered the cash through… Read More
Kim Dotcom fights US extradition in New Zealand’s top court
11th June 2019
Kim Dotcom fights US extradition in New Zealand’s top court
AP — Internet entrepreneur Kim Dotcom and three of his former colleagues on Monday took their fight against being extradited to the U.S. to New Zealand’s top court. The Supreme Court began hearing arguments in the seven-year-old case after Dotcom and the others lost several previous court rulings. But even… Read More
Nevada to try limited banking for cash-heavy pot industry
10th June 2019
Nevada to try limited banking for cash-heavy pot industry
AP — A new state law allowing Nevada to test out a limited marijuana banking system is expected to bring some relief to the state’s booming cannabis industry where dispensaries and other businesses are forced to deal in cash. The measure, signed into law Wednesday by Democratic Gov. Steve Sisolak,… Read More
Hong Kong plunged into political crisis after huge protest against extradition law
10th June 2019
Hong Kong plunged into political crisis after huge protest against extradition law
Riot police surrounded Hong Kong’s parliament early on Monday after what had been a peaceful million-strong protest against an extradition bill descended into running clashes between police and protesters. Several hundred riot police armed with batons, shields, tear gas guns and pepper spray sealed off the Legislative Council as a… Read More
Why Hong Kong’s extradition law changes are fuelling fears
7th June 2019
Why Hong Kong’s extradition law changes are fuelling fears
Tens of thousands of people are expected to take to the streets of Hong Kong on Sunday in a bid to block changes to the Chinese-ruled city’s extradition laws, which could pave the way for fugitives wanted by mainland China to be sent across the border for trial for the… Read More
Ex-Nigerian Dictator’s $267 Million Seized by Jersey Authorities
6th June 2019
Ex-Nigerian Dictator’s $267 Million Seized by Jersey Authorities
Over $267 million has been seized from an account maintained for former Nigerian head-of-state Sani Abacha, according to the Bailiwick of Jersey. The funds, which have been transferred to Jersey’s Civil Asset Recovery Fund, were derived from corruption and laundered through the US banking system with aid of Abacha’s son… Read More
Hundreds of thousands sign petition demanding Hungary join new EU prosecution body
6th June 2019
Hundreds of thousands sign petition demanding Hungary join new EU prosecution body
An opposition politician has collected 680,000 signatures to push for Hungarian membership of a planned European Union prosecutor’s office (EPPO), a step rejected by Budapest’s eurosceptic nationalist government. Due to be launched in 2020, the EPPO will be geared to investigating and pressing criminal charges in cases crossing borders of… Read More
Man charged with abusing Stan Lee pleads not guilty
6th June 2019
Man charged with abusing Stan Lee pleads not guilty
AP — A former business manager to Stan Lee has pleaded not guilty Wednesday to charges that he abused the Marvel Comics legend. Keya Morgan, 43, entered the plea Wednesday in Los Angeles after authorities transported him from Arizona, where he was arrested last month. Morgan was charged in May… Read More
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