14th April 2021
Ecuador on Tuesday detained the country’s comptroller and a former energy minister as part of an investigation into corruption at three state institutions, including oil company Petroecuador, the national prosecutor’s office said. The arrests come after an employee of trading house Gunvor Group pleaded guilty to U.S. charges of involvement… Read More
14th April 2021
Burundi and the European Union have accelerated talks on lifting sanctions imposed by the bloc, according to Foreign Affairs Minister Albert Shingiro. The EU placed penalties on some politicians and state officials and froze government financing in 2015 during a political crisis that followed former President Pierre Nkurunziza’s decision to… Read More
14th April 2021
From the British Virgin Islands to Geneva, Swiss prosecutors are tracking the suspected fund movements of Lebanon’s central bank chief Riad Salameh, a Swiss newspaper reported Tuesday. The Swiss attorney general’s office said in January it was investigating “aggravated money laundering… in connection with possible embezzlement to the detriment of”… Read More
14th April 2021
The scandal over the collapse of Wirecard AG expanded as German financial regulator BaFin faces a criminal probe into how it oversaw the payment processor and whether some of the agency’s staff illegally traded the stock. Frankfurt prosecutors said Monday they opened the probe after reviewing information collected from BaFin… Read More
14th April 2021
A massive troop buildup on the border with Ukraine has turned the once unthinkable idea of U.S. sanctions on Russian sovereign debt into a real possibility for investors. Yields on ruble bonds, known as OFZs, jumped to the highest level in more than a year last week and were edging… Read More
14th April 2021
The U.S. Treasury Department’s anti-money-laundering unit is changing leadership as it prepares to enact a sweeping new financial transparency law. Kenneth Blanco, a former federal prosecutor who has served as the Financial Crimes Enforcement Network’s director since late 2017, will depart on April 9, the Treasury unit said. Michael Mosier,… Read More
14th April 2021
By Julett Pineda Sleinan, OCCRP, 13 April 2021 OCCRP — In a joint operation led by Interpol, police from 24 countries arrested 195 suspects of human trafficking and migrants smuggling and rescued 500 victims, including children, the international police organization said on Friday. Operation Weka… Read More
14th April 2021
Macau has moved a step closer to the potential introduction of a digital currency as it seeks to better combat money laundering and tax evasion in the world’s biggest gambling hub. The government plans to amend laws to regulate the issuance of a virtual legal tender, Chief Executive Ho Iat… Read More
14th April 2021
Prosecutors in Denmark have charged three Britons and three Americans with defrauding the Danish treasury of more than 1.1bn kroner ($175m; £130m; €150m) through a German bank. Two British citizens have already been charged as part of a “cum-ex” trading fraud that swindled the treasury of a total of 12.7bn… Read More
14th April 2021
Only 57% of lawyers had a business risk assessment (BRA) in place last year, placing them last in a list of sectors that includes credit institutions, gaming companies, trust services providers, notaries and accountants. Lawyers remained laggards in a league table of sectors obliged to have a business risk assessment,… Read More