16th July 2020
UK officials praised progress by eight British overseas territories to open their company registers to the public by 2023, in a statement Wednesday. The commitments, long-sought by transparency advocates, will permit private citizens to access data on the beneficial owners of companies registered in Anguilla, Bermuda, Cayman Islands, the Falkland Islands,… Read More
16th July 2020
In early May, border force officers at the UK’s bustling Dover port intercepted a shipment described as “medical supplies”, apparently addressed to a London hospital. However, concealed under medical dry ice, police found more than a quarter of a tonne of cocaine, carrying a street value of as much as… Read More
16th July 2020
The authorities seized hundreds of kilograms of gold, worth millions of euros, during an investigation into a Limburg recycling company suspected of money laundering. Various other items were also found at the company, including a container filled with mortar grenades and old ammunition, the Public Prosecution Service (OM) said in… Read More
15th July 2020
An Angolan court has labeled a deal between the African country’s diamond company and Isabel dos Santos’ husband as “fraudulent” and harmful to average Angolans, according to a newly released decision. The 44-page ruling by the Provincial Court of Luanda, released publicly earlier this month, prevents Banco BIC, partly… Read More
15th July 2020
The story line seems familiar. U.S. prosecutors win a significant conviction. Then evidence emerges that suggests possible misconduct by investigators, and the prosecution asks the judge to dismiss the charges. It happened to Michael Flynn, the onetime Trump aide who’s on the verge of walking away from his guilty pleas. Read More
15th July 2020
The third co-founder of a cryptocurrency firm plans to plead guilty to duping investors into putting more than $25 million in an initial coin offering that the company promoted with the help of celebrities including boxer Floyd Mayweather and musician DJ Khaled. Sohrab “Sam” Sharma, co-founder of Centra Tech Inc.,… Read More
14th July 2020
A Saudi engineering business that claims it was tricked into sending $5 million to a Natwest bank account at a branch in south London is suing the British lender in the High Court. Tecnimont Arabia, which is a subsidiary of Italy’s Maire Tecnimont, is bringing legal action against the division… Read More
14th July 2020
Ten Kuwaiti social media influencers are on the radars of the Kuwaiti state security agency after their bank accounts showed massively inflated balance, Kuwaiti media reported. “Kuwait’s Public Prosecution has received ten complaints against five influencers after their bank accounts dramatically inflated and summons warrants will be issued once state… Read More
13th July 2020
Operatives of the Nigeria Police Cybercrime Unit and the INTERPOL National Central Bureau (NCB), Abuja, have arrested three suspects over advance fee fraud, money laundering and romance scam. The Force Public Relations Officer (FPRO), Mr Frank Mba, disclosed this in a statement on Sunday in Abuja. He said the suspects… Read More
13th July 2020
Sheikh Sabah Jaber Al Mubarak Al Sabah, son of the former prime minister, and his business partner Hamad Al Wazzan, were arrested on Wednesday night for money laundering related to the Malaysian fund case, known as the 1MBD scandal, Al Qabas reported. Attorney General Dharar Al Asousi issued a warrant… Read More