14th October 2020
Despite a high profile crackdown the Chinese government continues to support the sale of pangolin parts for use in traditional medicine, according to a new report. The Environmental Investigation Agency (EIA) found that 221 companies remain licensed to sell pangolin scale products, including global pharmaceutical company China Beijing Tong… Read More
14th October 2020
Deutsche Bank AG was fined 13.5 million euros ($16 million) by Frankfurt prosecutors over money-laundering violations related to work with Danske Bank A/S. The bank failed on more than 600 occasions to file timely alerts to authorities about suspicious transactions, Frankfurt prosecutors said in a statement Tuesday. A related criminal… Read More
14th October 2020
The billionaire financier Leon Black, one of Wall Street’s most powerful executives, was facing questions from clients after Jeffrey Epstein was arrested last year on federal sex trafficking charges. The two men had known each other for decades, and investors of Mr. Black’s investment company, Apollo Global Management, wanted… Read More
14th October 2020
Free-trade zones (FTZs) are designed to attract trade by suspending the collection of customs duties. These incentives are frequently coupled with advantages such as simplified customs inspection procedures, liberalised incorporation regimes and physical infrastructure superior to that available elsewhere in the same country. These features can be attractive to legitimate… Read More
14th October 2020
Commissioner Patricia Bergin, SC, has scorched Crown Resorts’ risk management strategies as counterproductive “gobbledygook” for the average employee as part of the NSW inquiry into the casino giant. Toni Korsanos said she was unaware of debate surrounding her status as an “independent” director when she joined Crown’s board in… Read More
13th October 2020
By Ignacio Rodríguez Reyna, Zorayda Gallegos and Silber Meza, Quinto Elemento Lab and CONNECTAS via OCCRP, 9 October 2020 Insight Crime – As drug traffickers’ bank of choice for many years, HSBC allowed its services to be used as a conduit for money laundering. The US and Mexican governments… Read More
13th October 2020
OCCRP – A group of Kyrgyz parliamentarians elected a former lawmaker as the country’s new prime minister on Saturday, days after his supporters freed him from prison during anti-government protests that erupted after last Sunday’s elections. Sadyr Zhaparov was elected at an emergency session, but his appointment… Read More
13th October 2020
It began with a text purportedly from O2. The message informed Stephen Frew that his latest payment could not be processed and asked him to update his card details via a link. Frew duly obliged. Within a week the £21,330 he was about to use as a deposit on a… Read More
12th October 2020
Victoria’s gambling regulator is taking action against James Packer’s Crown Resorts group, accusing it of failing to properly control junket operators who bring high-rollers to its Melbourne casino. The Victorian Commission for Gambling and Liquor Regulation on Friday told Guardian Australia it made the move after wrapping up… Read More
12th October 2020
Recent settlements with JPMorgan Chase & Co. and others underscore the need for investment banks to ensure the surveillance tools they use to detect misconduct by traders are effective. JPMorgan last week agreed to pay a cumulative $920 million in a series of settlements with U.S. authorities over… Read More