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27th October 2020

Malta: Accountants to fuel smuggling ring fined €59,000 by FIAU

An accountancy firm that provided corporate services to one of the companies implicating in the Operation Dirty Oil fuel smuggling ring, has been fined €58,900 by the Financial Intelligence Analysis Unit (FIAU). The clients included ADJ Trading, a company implicated in the €30 million Libyan fuel smuggling ring, that was controlled by… Read More

27th October 2020

UK: Sex slaves forced into drug dealing by crime gangs

Organised criminals are extending their reach and forcing victims of sex trafficking into county lines drug dealing and other crimes, senior police said. They no longer focus on one enterprise but are spreading their operations across drug trafficking, child sexual exploitation and modern-day slavery. Victims were being moved to different… Read More

27th October 2020

Financial watchdog Austrac ticked off casino junkets despite organised crime fears, report reveals

The financial crimes watchdog in 2017 said junket partnerships with Australian casinos were compliant with anti-money laundering laws, despite detailed evidence in a NSW probe revealing alleged money laundering at Crown Resorts has been rife for years. An Austrac report obtained by News Corp revealed the financial crimes regulator ticked… Read More

27th October 2020

Rights group seeks to use UK sanctions to stop abuse of Turkish lawyers

Campaigners are seeking to use the UK’s Magnitsky-style human rights sanctions against Turkish prosecutors and officials responsible for arresting and imprisoning thousands of lawyers. Organisers of the Arrested Lawyers Initiative (ALI) are gathering evidence about the alleged torture and mistreatment of judges and legal representatives detained in Turkish jails. Read More

27th October 2020

Suspects in alleged Markham illegal casino mansion linked to B.C. casino suspects

B.C. real estate developer Yongtao Chen stepped onto the podium in a Vancouver hotel ballroom and enthusiastically waved a red flag to a loud round of applause. He had just accepted a new role as chairman of the Canadian Alliance of Chinese Associations (CACA) and was displaying their banner at… Read More

23rd October 2020

European Central Bank upgrades whistleblowing framework

The European Central Bank yesterday unveiled an enhanced internal whistleblowing framework designed to help employees flag wrongdoing without fearing retaliation for their own careers. In a statement, the ECB said the tool would “enable staff to speak up in confidence” and anonymously if they detected suspected wrongdoing and highlight “potential… Read More

23rd October 2020

Australian police probe alleged Vatican funds transfer amid Pell trial

Australian police are investigating the alleged transfer of Vatican funds to Australia amid the prosecution of former Vatican treasurer George Pell for child sex abuse and have referred the matter to an anti-corruption body. The Australian Federal Police (AFP) confirmed on Wednesday they have received information from Australia’s financial crimes… Read More

22nd October 2020

Westpac’s ties to Puerto Rico Bank Euro Pacific spark calls for financial crime reform

Westpac’s links to an offshore bank at the centre of a sweeping international money laundering and tax evasion probe have sparked fresh calls for reform of the financial sector’s approach to curbing crime. The nation’s second biggest bank, which was embroiled in a major money laundering scandal last year that… Read More

22nd October 2020

Why India and Pakistan are wrangling over money launderer Altaf Khanani

Altaf Khanani was considered one of the world’s most-wanted money launderers. The Pakistani fraudster was involved in the illicit international movement of money between countries like Pakistan, the United Arab Emirates, the US, the UK, Canada and Australia. His organization also moved money for drug cartels and terrorist groups such as Hezbollah and al-Qaida. After a massive hunt… Read More

22nd October 2020

Crown overlooked ‘suspicious’ reports: AUSTRAC

In her first public remarks on the investigation into Crown, Australian Transaction Reports and Analysis Centre chief executive Nicole Rose told a Senate hearing that the financial intelligence agency had “serious concerns” about the casino operator’s conduct. Crown’s Melbourne casino filed almost 50,000 reports to AUSTRAC in 2019, primarily because… Read More

Must Read

Defense Act Expands Scope of Foreign Bank Records U.S. Authorities Can Obtain

After Brexit, the UK is Open to Almost Unrestrained Antiquities Trade

Alleged RCMP mole accused of selling secrets to kingpin money launderer and terror-financier’s network

China Tripled AML Penalties in 2020 Compared to 2019

Fines for UK firms buying goods linked to Chinese slave labour camps