Featured Money Laundering

Auditors EY accused of pushing out whistleblower, in High Court case

Global auditing firm EY has been accused of pushing out a whistleblower who raised concerns about a client in Dubai, in a case that raises questions for the auditing profession at a time of upheaval. Former EY partner Amjad Rihan claims executives at EY helped its client Kaloti Jewellery International,… Read More

Rouhani urges anti-money laundering compliance to curb Iran isolation

President Hassan Rouhani said on Monday Iran should stick to rules set by an anti-money laundering watchdog to protect ties between the sanctions-hit country and international banks, as a deadline for compliance looms. Hit hard by reimposed U.S. sanctions since 2018 that limited its oil sales, Iran is scrambling for… Read More

Soccer leaker Rui Pinto named as Luanda Leaks whistleblower

A professional soccer whistleblower has been named as the source behind a global exposé of the siphoning of Angolan wealth by Africa’s richest woman and her family. Led by the International Consortium of Investigative Journalists, Luanda Leaks reveals how Isabel dos Santos, amassed a fortune of more than $2… Read More
28th January 2020
Singapore is introducing new payments legislation that offers global cryptocurrency firms a chance to expand their operations in the country by applying for operating licenses for the first time. The Payment Services Act, which comes into force Tuesday, is the first comprehensive regulation for companies handling activities ranging from… Read More
28th January 2020
When the trial for the last of five defendants in the Washakie Renewable Energy case starts this week, jurors can expect to hear about a Utah polygamous sect, bribery, and how proceeds of a $511 million biofuel fraud were laundered into ritzy homes, expensive cars and Turkish industries. Lev… Read More
28th January 2020
Malta’s foremost business lobby is “greatly concerned” with the country’s latest classification in the annual corruption perception index and has called on the new prime minister to address “allegations” concerning major contracts awarded by the government over the past seven years. Many major projects spearheaded by the Labour government, including… Read More
28th January 2020
HM Revenue & Customs has helped uncover £200m worth of suspected tax evasion and money laundering in the UK. The action — which occurred as part of a series of investigations in Australia, Canada, the Netherlands, the US and the UK — is centred around a Central American financial institution… Read More
27th January 2020
Cypriot police are nearing the end of their probe into the allegedly fraudulent recapitalization of an insurance company that collapsed in 2018, leaving more than 200,000 drivers mainly in Bulgaria without coverage, and unpaid claims of 44.8 million euros. But an investigation by OCCRP and its Bulgarian member center, Bivol,… Read More
27th January 2020
Her website once described her as a “poet, mezzo-soprano, designer and exotic Uzbekistan beauty”. Or, as more critical voices have put it, a “robber baron” who purloined hundreds of millions of pounds in bribes. Now another facet of Gulnara Karimova has come to light: former neighbour of Sir Bruce Forsyth. Read More
27th January 2020
Reports of suspicious transactions submitted by banks and betting firms in Denmark have increased tenfold in recent years, straining anti-money laundering authorities which drew heavy criticism on Friday from a state auditor. Banks across the Nordic region are facing increasing scrutiny by regulators after a string of money laundering scandals,… Read More
27th January 2020
Cyberattacks waged against cryptocurrency exchanges are now common, but the theft of just over $7 million from the Singapore-based exchange DragonEx last March stands out for at least three reasons. First there is the extremely elaborate phishing scheme the attackers used to get in, which involved not only fake websites… Read More
27th January 2020
AP — French officials have filed preliminary charges of money laundering and extortion against Russian bitcoin fraud suspect Alexander Vinnik, who’s tangled in a multi-country legal battle. The United States also wants to prosecute Vinnik, accusing him of laundering billions of dollars through BTC-e, one of the world’s largest… Read More
27th January 2020
The husband-and-wife owners of DC Solar, a California solar company that caused Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) to take a $377 million charge last year, pleaded guilty on Friday to involvement in an estimated $912 million Ponzi scheme. Jeff Carpoff, 49, pleaded guilty to money laundering and conspiracy… Read More