Featured Enforcement

Swiss bank Julius Baer slammed for money laundering failures

Swiss bank Julius Baer has been reprimanded by the country’s watchdog for ignoring money laundering risks in handling millions of francs of suspect payments linked to corruption in Venezuela and world soccer body FIFA. In a highly critical report, the Swiss Financial Market Supervisory Authority FINMA said there had… Read More

Mexico Investigating Ex-President Enrique Peña Nieto

Mexican law-enforcement officers are investigating former President Enrique Peña Nieto as part of the country’s highest-profile corruption case in years, a senior Mexican judicial official said. The probe into the former leader is part of a broad case against Emilio Lozoya, the former head of state-run oil company Petróleos Mexicanos. Read More

Former Danish social worker convicted of massive fraud

A former employee of Denmark’s social services was sentenced to six and half years in prison on Tuesday for embezzling millions in funds, meant for people in need, over decades. Britta Nielsen, 65, was accused of diverting 117 million Danish kroner (15.7 million euros) between 1993 and 2018 from the… Read More
21st February 2020
AP – Paris Saint-Germain president Nasser al-Khelaifi was charged Thursday by Swiss federal prosecutors in connection with a wider bribery investigation linked to FIFA and World Cup television rights. The office of Switzerland’s attorney general filed an indictment charging Al-Khelaifi with inciting former FIFA secretary general Jerome Valcke… Read More
21st February 2020
Lee Myung-bak, as former chairman of Hyundai Engineering and Construction, centerpiece of the Hyundai empire, ran for president of South Korea in 2007 on the promise to reform the economy. Now, he’s back in jail for the second time in a corruption scandal that caught up with him after his… Read More
21st February 2020
Kuwaiti lawmakers agreed on Wednesday to set up a committee to look into whether Airbus’s aircraft orders from the Gulf Arab state involved alleged corruption, the state news agency reported. Governments and airlines around the world have launched their own investigations after Airbus on Jan. 31 reached a record $4… Read More
20th February 2020
Financial Supervisory Service (FSS) says nearly half of troubled funds sold through commercial banks Prosecutors on Wednesday raided the headquarters of Lime Asset Management and Shinhan Investment, as part of a probe into alleged misselling of hedge funds that could cause losses of more than 1 trillion won ($845 billion). Read More
20th February 2020
The Public Prosecution Office dealing with corruption and financial investigations summoned the ousted president Omar Al Bashir for questioning on Sunday. The Prosecution suspects Al Bashir of money laundering, corruption, and forbidden and suspicious wealth. The Prosecution always wants to question Al Bashir about the role of the former government… Read More
19th February 2020
By Matteo Civillini, Giulio Rubino, Cecilia Anesi, Investigative Reporting Project Italy (IRPI) OCCRP — Fabio Castaldi is surprisingly hard to find in London for a man who has registered hundreds of companies there. He supposedly runs a tax consultancy out of a co-working space in Moorgate, in the city’s central business… Read More
19th February 2020
Vatican police raided the home and office of a senior Catholic Church official on Tuesday, seizing documents and computers in the latest phase of an investigation into the purchase of luxury London real estate. The raid targeting Monsignor Alberto Perlasca followed the suspension last year of five Vatican employees, the… Read More
19th February 2020
U.S. prosecutors overlooked apparent violations of U.S. sanctions against Iran by HSBC Holdings in exchange for the British bank’s cooperation with a government investigation of Huawei Technologies, lawyers for the Chinese telecoms giant said. “The government agreed to overlook HSBC’s continued misconduct, electing not to punish the bank, prosecute its… Read More
19th February 2020
A former client of the law firm Mossack Fonseca on Tuesday became the first individual to plead guilty in the U.S. to charges stemming from a trove of leaked documents that became known as the Panama Papers. Harald Joachim von der Goltz, a former U.S. resident, pleaded guilty in a… Read More
18th February 2020
The PBOC (People’s Bank of China) has fined China Minsheng Bank, China Everbright Bank and Huatai Securities for failing to adequately guard against money laundering. The three financial institutions were penalised for failing to perform customer identification obligations, failing to submit large transaction reports and suspicious transaction reports, and for… Read More