12th January 2021
Former Leighton Holdings executive David Savage has been charged over his alleged role in the international Unaoil scandal, which involved bribery of senior officials in oil-producing nations to secure lucrative contracts. Mr Savage, the former chief operating officer of the prominent Australian infrastructure firm, was arrested by Australian Federal Police… Read More
12th January 2021
Compliance with mandatory credits to agriculture and agrarian (agri-agra) reform, as well as anti-money laundering continue to be the most challenging areas for banks and financial institutions, according to the Bangko Sentral ng Pilipinas (BSP). The BSP said most banking groups’ difficulty with Republic Act 10000 or the Agri-Agra Reform… Read More
11th January 2021
China on Saturday issued a new order to prohibit firms from complying with foreign laws banning transactions with Chinese companies and individuals, effective immediately. The so-called Rules on Counteracting Unjustified Extraterritorial Application of Foreign Legislation and Other Measures apply to circumstances that “improperly prohibit or restrict” Chinese individuals, companies, and… Read More
11th January 2021
The German lender will enter a deferred prosecution agreement to resolve charges stemming from its attempts to win business in several countries. For nearly seven years it seemed like a good way to drum up business for Deutsche Bank: pay millions of dollars to consultants in countries like Saudi Arabia,… Read More
11th January 2021
Bitcoin has surged to record highs this week but anyone who wants to take profits might struggle to cash in their gains. Some banks will not accept transfers from bitcoin exchanges. HSBC, one of the biggest banks in the country, does not process cryptocurrency payments or allow customers to… Read More
11th January 2021
The United States plans to designate Yemen’s Houthi movement as a foreign terrorist organization, three sources familiar with the matter said, a move that diplomats and aid groups worry could threaten peace talks and complicate efforts to combat the world’s largest humanitarian crisis. The decision to blacklist the Iran-aligned group,… Read More
11th January 2021
By Delfin Mocache Massoko, Antonio Baquero, Micael Pereira, Flora Alexandrou, Linda van der Pol, Mark Anderson and Stelios Orphanides, OCCRP, 8 January 2021 OCCRP — For years, Juan Tomás Ávila Laurel was known as an outspoken critic of Equatorial Guinea’s government, despite decades of brutal repression and staggering corruption. Read More
11th January 2021
AP — U.S. federal prosecutors have filed motions saying that Honduran President Juan Orlando Hernández took bribes from drug traffickers and had the country’s armed forces protect a cocaine laboratory and shipments to the United States. The documents quote Hernández as saying he wanted to “‘shove the… Read More
11th January 2021
By Eli Moskowitz, OCCRP, 8 January 2021 OCCRP – Two British citizens were indicted on Thursday over allegations that they swindled over a billion dollars from the Danish treasury in what was described as “cynical and carefully planned fraud,” according to a press release from the… Read More
11th January 2021
By Chris Dalby, Insight Crime, 8 January 2021 Insight Crime — As part of a mounting campaign going after criminal finances, police in the Brazilian city of Rio de Janeiro have asked courts to seize control of legal businesses used by militia groups to launder money. This… Read More