12th October 2020
By Eli Moskowitz, OCCRP, 9 October 2020 OCCRP – Cyprus will begin the process of revoking passports belonging to seven individuals who obtained them by submitting false information on their applications for the country’s Citizenship by Investment Program, according to a Wednesday government press release. Following a meeting… Read More
12th October 2020
Victoria’s gambling regulator is taking action against James Packer’s Crown Resorts group, accusing it of failing to properly control junket operators who bring high-rollers to its Melbourne casino. The Victorian Commission for Gambling and Liquor Regulation on Friday told Guardian Australia it made the move after wrapping up… Read More
12th October 2020
Opposition MP Claudio Grech has urged the government to introduce unexplained wealth orders to give the authorities more powers to seize assets potentially financed by criminal activities. While offering its support to the proceeds-of-crime bill being discussed in parliament, Grech told Times of Malta that the bill missed a… Read More
12th October 2020
Recent settlements with JPMorgan Chase & Co. and others underscore the need for investment banks to ensure the surveillance tools they use to detect misconduct by traders are effective. JPMorgan last week agreed to pay a cumulative $920 million in a series of settlements with U.S. authorities over… Read More
12th October 2020
The Royal Malaysia Police (PDRM) has begun internal investigation involving various aspects against all police officers and personnel detained by the Malaysian Anti-Corruption Commission (MACC) on suspicion of being involved in a money-laundering syndicate related to local celebrities. Bukit Aman Integrity and Standards Compliance Department director Datuk Zamri Yahya said… Read More
12th October 2020
The widow of the late founder of suicide prevention charity Console has appeared in court charged with fraudulent trading and money laundering over a ten year period. The case of Patricia Kelly, 59, was mentioned briefly in Dublin circuit criminal court yesterday morning. Ms Kelly, of Alexandra Manor, Clane, Co… Read More
9th October 2020
The United States on Thursday slapped fresh sanctions on Iran’s financial sector, targeting 18 banks in an effort to further choke off Iranian revenues as Washington ramps up pressure on Tehran weeks ahead of the U.S. election. The move freezes any U.S. assets of those blacklisted and generally bars Americans… Read More
9th October 2020
Powerful European lawmakers are calling for significant reform to anti–money laundering controls across the continent in reaction to the “scandal” of the FinCEN Files, a global investigation from BuzzFeed News and the International Consortium of Investigative Journalists. The investigation revealed how the giants of Western banking move trillions… Read More
9th October 2020
Swiss federal prosecutors said on Thursday they had opened a criminal investigation of Geneva-based Banque Cramer & Cie as part of a wide-ranging corruption probe surrounding Brazilian state oil company Petrobras and construction firm Odebrecht. “The (Office of the Attorney General) suspects a lack of internal organisation of the bank… Read More
9th October 2020
NAB has been flagging around 10 transactions a month as potentially related to human trafficking but did not maintain its own records of its suspicions about the sinister nature of transactions involving criminals, terrorists and paedophiles until the middle of 2019. The bank revealed over the seven months to January… Read More