21st January 2021
Prosecutors are close to a settlement with Dutch bank ABN Amro over allegations it failed to report or probe suspicious transactions by its clients for years, the FD newspaper said on Wednesday, citing sources close to the talks. ABN and prosecutors could not immediately be reached to comment on the… Read More
21st January 2021
By Will Neal, OCCRP, 19 January 2021 OCCRP – Namibian President Hage Geingob allegedly played a role in a bribery scandal that has shaken the southern African nation, according to a leaked legal document. Geingob’s name appears in an affidavit provided in April 2020 to the… Read More
21st January 2021
A ten-year freeze on former Tunisian President Zine El Abidine Ben Ali’s assets in Switzerland has expired, but Bern says the funds will not be released immediately. The freeze by Switzerland’s federal government expired at midnight on Monday, because of a ten-year maximum legal limit. But, according to a foreign ministry press release, most… Read More
21st January 2021
Ten domestic helpers and a Hong Kong resident have been arrested for receiving payment in return for opening bank accounts that were used to collect and launder millions in swindled cash. Dozens of bank accounts were involved in the scheme and the funds were thought to have been tied to… Read More
20th January 2021
Australian banks washed $500 million for violent South American cocaine cartels in a sophisticated money-laundering scheme, with the proceeds of crime moving through multiple countries before it was disrupted by Australian law enforcement. Between 2014 and 2017 more than $100 million in drug money was funnelled through Australian banks each… Read More
20th January 2021
Seven former and current bank employees have been arrested in Hong Kong as part of a major operation against a US$810 million international money-laundering syndicate, police said Wednesday. “It’s the largest case we have busted in recent years,” said Yip Wing-lam, a superintendent at the commercial crime bureau, adding it… Read More
20th January 2021
Swiss authorities have opened an investigation into money transfers by Lebanon’s Central Bank Governor Riad Salameh, a Lebanese government official told Reuters on Tuesday. Salameh denied any wrongdoing. “Both the prime minister and the president are in the loop” on the inquiry which is also looking into Salameh’s brother and… Read More
20th January 2021
The Kuwaiti government has kept six gold companies under close scrutiny on suspicion of money laundering, after their businesses ballooned in the last three years, local media reported. Official sources told Al Rai newspaper that the Trade Ministery, during its audit of activities, discovered that there were gold companies that… Read More
20th January 2021
By Sadie Brown, OCCRP, 19 January 2021 OCCRP — An Indonesia-based global cigarette paper supplier agreed to pay nearly US$2.6 million in fines for conspiracy to commit bank fraud and violating U.S. sanctions on North Korea, according to official statements. PT Bukit Muria Jaya (BMJ) admitted to… Read More
20th January 2021
The Department of Special Investigation (DSI) and Anti-Money Laundering Office (Amlo) have seized assets worth over a billion baht from a man suspected of running a Ponzi scheme to defraud 8,437 people through his company, Forex-3D. Activist lawyer Ronnarong Kaewphet and the victims praised Justice Minister Somsak Thepsutin and Piyasiri… Read More