7th January 2021
A civil court in El Salvador on Tuesday found former President Elias Antonio Saca and his wife Ana Mixco guilty of “illicit enrichment” and ordered them to return $4.4 million to state coffers, authorities said. Prosecutors had found irregularities in the couple’s wealth declaration and accused both of transferring public… Read More
7th January 2021
Justice Department alleges a worldwide money laundering conspiracy of roughly $1bn to circumvent sanctions on Tehran. The US government collected $7m in Iranian assets for victims of state-sponsored “terrorism”, the Justice Department said on Tuesday. The money was the US share of a civil forfeiture that targeted attempts to violate… Read More
7th January 2021
Colombia’s police said Monday they arrested an alleged money launderer whose organization allegedly was dismantled by the prosecution a month ago already. In an apparent attempt to inflate results, government-loyal newspaper El Tiempo reported that police, the prosecution and the military arrested 177 alleged members of paramilitary group AGC, a.k.a. Read More
7th January 2021
A new way to pay is causing existential angst among Swedish bankers who worry that the e-krona, an electronic equivalent of Sweden’s currency, could cost them their deposit base. Sweden launched a review into the e-krona’s feasibility in December after a pilot programme at the central bank, making the Nordic… Read More
7th January 2021
A former deputy director of Hungary’s tax and customs authority (NAV) has been charged with accepting bribes in exchange for turning a blind eye to irregularities during customs procedures, the investigative branch of the public prosecutor’s office said on Tuesday. According to the charges, the former NAV deputy head accepted… Read More
6th January 2021
Members of the European Parliament are asking the EU’s executive arm to withhold permits granting UK financial services companies easy access to the bloc’s market pending a stronger commitment from London to do more on money laundering and tax avoidance, the Financial Times reported Tuesday. Green… Read More
6th January 2021
The U.S. Treasury Department is expected to study the money-laundering risks posed by China—and develop a strategy to defend against them—following the approval last week of the annual defense policy legislation. The directive highlights the continued scrutiny on China from the executive and legislative branches of the U.S. government, policy… Read More
6th January 2021
Norwegian firm DNV GL said Monday it was halting work to certify the Nord Stream 2 gas pipeline between Russia and Germany because of the threat of US sanctions. Technical and safety specifications must be certified for the 10-billion-euro ($12-billion) pipeline under the Baltic Sea to enter into service. “DNV… Read More
6th January 2021
By Julett Pineda Sleinan, OCCRP, 5 January 2021 OCCRP — A court in Cape Verde ruled on Monday that Colombian businessman and Venezuela’s special envoy Alex Saab can be extradited to the United States where he is facing money laundering charges in connection with a bribery… Read More
6th January 2021
The trial of entrepreneur Tiiu Jarviste and her two fellow accused in a large-scale money laundering case began at the Harju County Court on Tuesday with all of the accused pleading not guilty to the charges. Facing trial in addition to Jarviste, 56, are also Aleksei Dremov, 40, and Andrii… Read More