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FCA opens investigation into collapse of Greensill Capital

The City watchdog has opened the door to a criminal prosecution of Greensill Capital and confirmed that it is investigating the failed lender. Nikhil Rathi, chief executive of the Financial Conduct Authority, said that the regulator was “investigating matters relating to Greensill Capital”. His comments came in a letter to… Read More

JPMorgan Must Turn Over U.S. Compliance Records in Nigerian Oil License Case: UK Court

The UK High Court has ordered JPMorgan Chase to turn over compliance documents ahead of a trial in which the bank stands accused of enabling the misappropriation of $875 million from the government of Nigeria, the Financial Times reported on Tuesday. The decision stems from an… Read More

Romanian deputy PM Barna possibly investigated for EU funds embezzlement

Romania’s Anti-Fraud Department (DLAF) announced that it completed the investigations and sent to the anticorruption directorate (DNA) the European fund embezzlement cases involving four persons – including, according to Newsweek, deputy prime minister and USR-PLUS co-president Dan Barna. Barna has served as an expert in both projects, and his… Read More

12th May 2021

Earthly Delights: Religious Groups and Money Laundering in Dominican Republic

By Katya Bleszynka, Insight Crime, 10 May 2021 InSight Crime — Millions of dollars in state funds were allegedly laundered through a religious non-profit in the Dominican Republic, showing how minimal oversight of these faith groups makes them ideal vehicles for embezzlement. On May 10, security… Read More

11th May 2021

Danske Bank had American clients in scandal-ridden Estonian branch – lawyers point to risk of tax fraud

Danske Bank’s notorious Estonian branch housed hundreds of U.S. taxpayers and businesses amongst its portfolio of suspicious non-resident-customers, states an internal legal memo that Berlingske has access to. The »comprehensive memorandum« is dated to the beginning of 2019 and was prepared by Danske Bank’s lawyers in various countries where the… Read More

11th May 2021

Deutsche Bank 1MDB Probe Dropped by U.S. Justice Department

The U.S. Department of Justice has dropped a probe into Deutsche Bank AG’s role in the 1MDB scandal, removing a potential legal headache as Malaysia steps up its demands for compensation. The DOJ sent a letter to notify the German bank that the investigation had been closed, people familiar… Read More

11th May 2021

Dubai Police arrest one of UK’s most-wanted fugitives

Dubai Police have arrested one of the UK’s most wanted fugitives after eight years on the run, after Interpol issued a Red Notice. Michael Paul Moogan, 35, from Liverpool in the UK, had been on the National Crime Agency-UK wanted list for his alleged role in a large-scale international drug… Read More

10th May 2021

Saffron gang accused of passing off Iranian spice as prized Spanish variety

Police and customs officers in Spain have arrested 17 people and seized half a tonne of saffron after breaking up a gang that allegedly imported the spice from Iran, bulked it out and sold it as a much-prized Spanish variety. The arrests came at the end… Read More

10th May 2021

Nigeria’s Minister of Justice Says High-Profile Nigerians May Be Funding Terrorism

The Attorney-General of the Federation (AGF), Abubakar Malami, said on Friday, that ongoing investigations have revealed many highly placed Nigerians and businessmen involved in financing terrorism. Mr Malami, who doubles as the Minister of Justice, said the ‘strongly’ suspected financiers were already being profiled for prosecution. The minister, who… Read More

10th May 2021

1MDB and SRC file 21 civil suits against banks and others for alleged role in massive fraud

Three law firms have filed a plethora of 21 civil suits to claim billions of US dollars on behalf of state-owned 1Malaysia Development Bhd (1MDB) and its former subsidiary SRC International Sdn Bhd. The firms of Rosli Dahlan Saravana Partnership (RDS), Skrine & Co and Lim Chee Wee Partnership filed… Read More

10th May 2021

Ireland: Former developer charged with stealing and laundering €200,000 as part of property registration fraud

A former millionaire developer has been charged with stealing and laundering more than €200,000 as part of a property registration fraud. Businessman Philip Marley (49) appeared in court accused of fraud in the registration of ownership of two Dublin properties, and transferring criminal proceeds. Judge Victor Blake granted him bail and… Read More

10th May 2021

Brazilian Judge Acquits Ex-President Temer in Graft Case

By Jullet Pineda, OCCRP, 8 May 2021 OCCRP — A federal court in Brazil acquitted former president Michel Temer (2016-2018) on Wednesday after finding there wasn’t enough evidence to support the prosecution’s claim that he had led a criminal organization which facilitated bribery. In 2017, Brazilian… Read More

9th May 2021

Canada’s Supreme Court will hear appeal of Quebec money laundering case quashed over delays

The Supreme Court of Canada will hear an appeal in a case where the conviction of four people accused of money laundering on behalf of the Hells Angels was quashed over unreasonable legal delays. The high court said Thursday it will hear the appeal brought by Quebec’s Crown against four… Read More

Must Read

Next Hurdle in Treasury’s Corporate Transparency Push? Verification

FCA opens investigation into collapse of Greensill Capital

JPMorgan Must Turn Over U.S. Compliance Records in Nigerian Oil License Case: UK Court

How bell-ringers and a bowls team are among groups caught up in HSBC’s money laundering blitz

$100 million New Jersey deli: Ex-Trump tax lawyer owned shell company created by mystery investors