8th July 2019
Investigations surrounding Deutsche Bank’s more than decade-long relationship with President Trump and his business have created a crisis for the German financial giant. It’s caught in a legal tug of war between Trump and House Democrats for the president’s financial records and calls for broad investigations of its… Read More
8th July 2019
Along with free trade deals, tax cuts for high earners and the threat of a no-deal Brexit, special tax-free zones are likely to feature in a Boris Johnson premiership. The frontrunner to move into No 10 told a Tory hustings event this week that… Read More
8th July 2019
On the run from U.S. tax authorities, tech guru John McAfee puffs a cigar aboard his towering white yacht in a Havana harbor and says he can help Cuba evade the U.S. government too – by launching a cryptocurrency that defeats a U.S. trade embargo. The creator of the eponymous… Read More
8th July 2019
In May, the US Office of Foreign Assets Control (OFAC) published “A Framework for OFAC Compliance Commitments” (“Framework document”). This document consists of two separable parts, the first of which lays out five “essential components of compliance” that OFAC believes should form the basis for a sanctions compliance program (SCP)… Read More
5th July 2019
AP — Malaysia’s anti-graft agency said Thursday it has detained Riza Aziz, the stepson of former Prime Minister Najib Razak and a Hollywood film producer, and will charge him with money laundering. Anti-Corruption Commission chief Latheefa Koya said Riza was picked up Thursday but has been released on bail. “He… Read More
5th July 2019
A Danske Bank whistleblower has requested a criminal investigation into the Danish lender for allegedly seeking to “discredit” him through an internal probe, the Financial Times reported Thursday.  The US-based attorney for Howard Wilkinson told the newspaper that he had contacted Danish prosecutors on Wednesday requesting a probe… Read More
5th July 2019
British Royal Marines seized a giant Iranian oil tanker in Gibraltar on Thursday for trying to take oil to Syria in violation of EU sanctions, a dramatic step that drew Tehran’s fury and could escalate its confrontation with the West. The Grace 1 tanker was impounded in the British territory… Read More
5th July 2019
French Finance Minister Bruno Le Maire said on Thursday he hoped a special trade channel set up with Iran would complete a first, limited transaction in the coming days. Set up by France, Britain and Germany, Instex is a barter trade mechanism that aims to avoid direct financial transfers by… Read More
5th July 2019
Britain’s competition watchdog said it has directed Barclays Plc (BARC.L) to improve the way its treats small businesses after the bank broke the rules by forcing some to open current accounts to access other services like loans. The rules were designed to make it easier for small businesses… Read More
5th July 2019
For three years, a sleek 21-meter yacht moored in Porto Montenegro, an exclusive marina on the Balkan nation’s Adriatic coast. But documents obtained by OCCRP suggest that the boat was more than just a pleasure cruiser for the rich: It was a vessel for moving money of dubious origin via… Read More