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E-Pirate money-laundering investigation: Leadership problems, missteps proved fatal

Months after charges were stayed in Canada’s largest money-laundering case, neither the RCMP nor the Public Prosecution Service of Canada has provided any public explanation of what went wrong. But a Postmedia investigation has uncovered details of how the massive prosecution of Silver International and its owners, Caixuan Qin and… Read More

U.S., South Korea Bust Giant Child Porn Site by Following a Bitcoin Trail

U.S. and Korean authorities say they broke up one of the world’s largest markets for child pornography, a crime that is proliferating at a furious pace with the rise of cryptocurrency and encrypted online content. The bust was revealed Wednesday as the U.S. unsealed an indictment against Jong Woo Son,… Read More

Miami financial advisor pleads guilty to laundering millions in PetroEcuador bribery case

A Miami financial advisor who faced trial Tuesday on corruption and money-laundering charges that implicated Ecuador’s national oil company and Brazilian construction giant Odebrecht has decided to plead guilty. Frank Roberto Chatburn Ripalda, who has American and Ecuadorian citizenship, admitted in a plea agreement that he used the U.S. financial… Read More

10th October 2019

Court dismisses charges against Estonians suspected of money laundering

A court in Helsinki has dismissed all charges in the largest money laundering case ever tried by a Finnish court, in which two Estonian nationals were suspected of laundering €135 million in total. Finland’s public broadcaster Yle reported that the district court’s decision is not final and can be appealed. Read More

10th October 2019

Report Traces Source of U.K. Fraud Office Case Delays

The U.K.’s Serious Fraud Office at times has struggled to appropriately staff cases and process digital materials, an independent government inspector said. The findings were part of a report released Tuesday by Her Majesty’s Crown Prosecution Service Inspectorate, which reviewed six randomly selected SFO cases. The amount of time it… Read More

10th October 2019

Trump Urged Top Aide to Help Giuliani Client Facing DOJ Charges

President Donald Trump pressed then-Secretary of State Rex Tillerson to help persuade the Justice Department to drop a criminal case against an Iranian-Turkish gold trader who was a client of Rudy Giuliani, according to three people familiar with the 2017 meeting in the Oval Office. Tillerson refused, arguing it would… Read More

7th October 2019

Going, going, gone: African dictators losing luxury lifestyle amid money laundering crackdown

Judging by the fleet of supercars parked in the grounds of Geneva’s Bonmont Golf and Country Club last Sunday, Teodorin Obiang was not overly fussed by the size of his carbon footprint. There were 25 in total, representatives of every luxury model conceivable, from Aston Martin to Bugatti and Ferrari,… Read More

1st October 2019

Kiwi company and pair on trial over mogul’s ‘suspicious’ $53m

A company and two employees are on trial accused of failing to report hundreds of “suspicious” transactions involving tens of millions of dollars belonging to an international mogul. It is understood to be the first such criminal case to be heard in New Zealand’s courts since specific anti-money laundering laws… Read More

1st October 2019

BofI workers to give evidence in US ‘pyramid scheme’ case

Bank of Ireland employees will give evidence in a US case against the alleged perpetrators of what prosecutors claim was a “multibillion-dollar pyramid scheme”. The US Department of Justice has said the scheme, called OneCoin, was “completely based on lies and deceit”. Prosecutors are arguing that more than $400… Read More

30th September 2019

Cars taken from Equatorial Guinea leader’s son sold for $27M

AP — Car lovers from around the world splashed out more than $27 million at an auction Sunday for dozens of luxury cars seized from the son of Equatorial Guinea’s president in a Swiss money-laundering probe. The 25 lots sold by auction house Bonhams included a white-and-cream 2014 Lamborghini Veneno roadster… Read More

27th September 2019

Banker’s wife who spent £16m in Harrods escapes extradition to Azerbaijan on embezzlement charges

A banker’s wife who spent £16million during a series of shopping sprees in Harrods has escaped extradition back to Azerbaijan on fraud charges. Zamira Hajiyeva, 55, is accused of embezzling millions of pounds from the state-owned bank that her husband ran for 14 years. But she won her extradition battle on… Read More

24th September 2019

Graft investigators seize Peru ex-president’s properties

Peruvian prosecutors on Monday seized two homes owned by disgraced former president Pedro Pablo Kuczynski, forced to step down last year over a bribery scandal involving Brazilian construction giant Odebrecht. Lima’s Superior Court approved the seizure following a request by prosecutors investigating Kuczynski for money laundering. “The seizure has been… Read More

23rd September 2019

Tanzanian leader suggests amnesty for financial crimes

Tanzania’s president said on Sunday people held on charges of tax evasion, money laundering and other financial crimes should be freed if they confess and return the cash. John Magufuli said it was only a recommendation – and it was not immediately clear what impact his words would have on… Read More

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