9th December 2020
A Commonwealth Bank loan officer who allegedly blew $3.75 million in stolen money on cocaine and a lavish lifestyle has been charged more than a decade after the bank failed to report his suspected crime spree. Victoria Police’s Fraud and Extortion Squad has confirmed that George Vrettakos is facing three… Read More
8th December 2020
AP — A Russian bitcoin expert at the center of a multi-country legal tussle was sentenced in Paris on Monday to five years in prison for money laundering and ordered to pay 100,000 euros (more than $120,000) in fines in a case of suspected cryptocurrency fraud. A… Read More
7th December 2020
Bosnia’s State Prosecution has filed an indictment against the Federation entity, Prime Minister, Fadil Novalic, and several others in a corruption case concerning overpriced ventilators. Federation entity Prime Minister Fadil Novalic and other others are accused of conspiring to “abuse office, accept rewards for trading influence, money laundering and document… Read More
7th December 2020
Thirteen Hongkongers accused of using bogus identification information in their bungled attempts to open virtual bank accounts in the city have been rounded up following raids over the past few days. Senior Inspector Yip Chun-hei of the Western anti-triad squad said he believed some of the suspects prepared to sell… Read More
4th December 2020
Europe’s newly established body to fight financial crime warned that the deadlock in approving the European Union’s next budget was threatening its ability to investigate crimes in the way EU funds are spent. The European Public Prosecutor’s Office (EPPO) will have to work with just its actual 65 staff –… Read More
3rd December 2020
By Dada Lyndell, OCCRP, 1 December 2020 OCCRP — Ingrid Hernvall was scrolling through Facebook when she saw exciting news. It was a story — laid out just like an article in a proper newspaper — featuring two of Sweden’s biggest television personalities. The two men spoke of a… Read More
2nd December 2020
With only a day to go before the deadline for EU member-states to transpose the bloc’s Sixth Anti-Money Laundering Directive (6AMLD), significant questions remain unanswered about how it will be enforced on a national-level. In an apparent response to recent banking scandals, the directive will make the “aiding and… Read More
2nd December 2020
Britain’s audit sector, dominated by the so-called Big Four accountancy giants, is shortly expected to discover how it must reinvent itself amid a series of probes into alleged corruption, including one linked to the collapse of German electronic payments group Wirecard. UK authorities want the industry to separate audit and… Read More
2nd December 2020
Gardaí are investigating an alleged €400 million fraud at electronic payments company Wirecard’s Irish arm, the High Court heard on Monday. The firm, which has its headquarters in Germany, reported in June that €1.9 billion was missing from its accounts, prompting an inquiry that led to the arrest… Read More
1st December 2020
By Will Neal, OCCRP, 30 November 2020 OCCRP — OCCRP spoke with the head of the new European Public Prosecutor’s Office about the challenges in fighting the widespread  — but often-ignored — criminal scheme. “No one’s interested in value-added tax. It’s just not sexy enough.” There’s an edge of… Read More