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21st December 2020

London couple spent illicit funds from Azerbaijan on models, private jets and school fees, court hears

Illicit funds from Azerbaijan were used by a London couple to fly female models to Ibiza by private jet and pay school fees, a court has been told in a case being conducted under a veil of secrecy. The National Crime Agency alleges that the spending came from nearly £14 million of corrupt… Read More

17th December 2020

Ex-top Venezuelan official, husband and mogul charged in new Miami laundering case

A former Venezuelan national treasurer and her husband were indicted by a Miami federal grand jury Tuesday on charges of accepting millions in bribes from a billionaire businessman who paid them through U.S. bank accounts so he could make a fortune off the Venezuelan government’s lucrative currency exchange system. Former… Read More

15th December 2020

‘Star’ Chinese banker jailed for life for stealing US$400 million from clients in Ponzi scheme

A “star” bank manager from Beijing has been jailed for life for stealing the equivalent of US$400 million from clients and using the money to finance her lavish lifestyle. Zhang Ying, the former head of the Hangtianqiao branch of China Minsheng Bank in Beijing, was found guilty of using fake… Read More

2nd December 2020

What 6AMLD Doesn’t Say About Legal Liabilities

With only a day to go before the deadline for EU member-states to transpose the bloc’s Sixth Anti-Money Laundering Directive (6AMLD), significant questions remain unanswered about how it will be enforced on a national-level. In an apparent response to recent banking scandals, the directive will make the “aiding and… Read More

24th November 2020

Gabon’s First Family Stashed Cash in DC Property

By Pierre Dupont, Roshanak Taghavi and Kira Zalan, OCCRP, 23 November 2020 OCCRP — The Bongo family has ruled Gabon for over five decades — and for nearly as long, they have been accused of looting their nation’s wealth. Authorities in France and the U.S. have over the years investigated… Read More

24th November 2020

Ex-Goldman Banker Says He Warned Bosses About Jho Low, 1MDB

Former Goldman Sachs Group Inc. banker Roger Ng asked for the foreign bribery case against him to be dismissed, saying he “warned” the bank not to do business with Malaysian financier Jho Low. Ng, who says he told Goldman that Low was “not to be trusted,” is facing trial… Read More

24th November 2020

African Soccer Chief Is Barred for Five Years Over Ethics Violations

FIFA on Monday barred the top official in African soccer from the sport for five years, upending the leadership of one of its six regional confederations only months before a presidential election and offering a new reminder that corruption continues to plague global soccer even at its most senior levels. Read More

19th November 2020

UK’s National Crime Agency Calls for Further SARs Reforms

The UK’s National Crime Agency (NCA) is calling for additional reforms to the country’s system for reporting suspicious transactions in an effort to scale back the volume of defensive filings it receives, the Financial Times reported Thursday. Although the Home Office has launched a “transformation programme” aimed at overhauling… Read More

18th November 2020

Malaysia’s Najib seeks to depose Goldman Sachs, ex-banker in 1MDB defence

Former Malaysian prime minister Najib Razak asked a U.S. court on Tuesday for permission to seek documents and testimony from investment bank Goldman Sachs to help in his defence against criminal charges in Malaysia over the 1MDB financial scandal. Najib, who is on bail after being sentenced to 12 years… Read More

13th November 2020

Hunt for Moscow Financier Owing Millions Leads to Mojave

German Lillevali can thank the coronavirus for getting out of an immigration facility in the California desert, but his troubles are far from over. The former financier had changed his name and left Moscow two years ago owing clients millions before being detained in the U.S. for overstaying his visa. Read More

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Cayman Islands, Morocco Placed on Terror-Financing Watch List

Global money laundering watchdog keeps Pakistan on terrorism financing ‘grey list’

Tax transparency: MEPs mount renewed challenge over Openlux exposé

Lawyers, accountants and other professionals play key role in cross-border financial crime, OECD warns in new report

UAE Executive Office to combat money laundering, terrorism funding