Chinese casino kingpin behind new Mekong Port to serve Golden Triangle SEZ in Laos
14th October 2020
Chinese casino kingpin behind new Mekong Port to serve Golden Triangle SEZ in Laos
A developer owned by a controversial Chinese casino mogul the U.S. has designated a transnational crime boss is building a new port on the Mekong River in Laos near the Golden Triangle Special Economic Zone, the latest Chinese-backed infrastructure project in the country, sources in Laos told RFA. Featured prominently… Read More
Improving governance and tackling crime in free-trade zones
14th October 2020
Improving governance and tackling crime in free-trade zones
Free-trade zones (FTZs) are designed to attract trade by suspending the collection of customs duties. These incentives are frequently coupled with advantages such as simplified customs inspection procedures, liberalised incorporation regimes and physical infrastructure superior to that available elsewhere in the same country. These features can be attractive to legitimate… Read More
EU to Sanction Russia Over Poisoning and Belarus Leader Over Crackdown
13th October 2020
EU to Sanction Russia Over Poisoning and Belarus Leader Over Crackdown
The European Union agreed Monday to impose targeted sanctions against Russian officials and entities allegedly involved in the poisoning of Russian opposition leader Alexei Navalny but officials insisted the move should not undercut Europe’s continued high-level contacts with President Vladimir Putin. Foreign ministers meeting in Luxembourg backed a Franco-German… Read More
Hong Kong firms could feel the pinch of potential US sanctions on banks
13th October 2020
Hong Kong firms could feel the pinch of potential US sanctions on banks
Hong Kong’s trading and manufacturing firms could have a more difficult time in the coming months if the United States were to impose sanctions on banks, the city’s business leaders warned on Sunday. But local lawmakers and business leaders also questioned whether US President Donald Trump would roll out such… Read More
U.S. blacklists Nicaraguan officials, financial institution
12th October 2020
U.S. blacklists Nicaraguan officials, financial institution
The United States on Friday imposed sanctions on two Nicaraguan officials and a financial institution in the latest effort by Washington to put pressure on the leftist government of Nicaraguan President Daniel Ortega. The U.S. Treasury Department in a statement said it blacklisted Nicaraguan Attorney General Ana Julia Guido De… Read More
Malta: Opposition urges introduction of unexplained wealth orders
12th October 2020
Malta: Opposition urges introduction of unexplained wealth orders
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
U.S. imposes new Iran sanctions that may spook European banks
9th October 2020
U.S. imposes new Iran sanctions that may spook European banks
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
European Lawmakers Are Looking For New Ways To Fight Money Laundering In The Wake Of The FinCEN Files Investigation
9th October 2020
European Lawmakers Are Looking For New Ways To Fight Money Laundering In The Wake Of The FinCEN Files Investigation
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
Swiss bank sanctioned over PDVSA
8th October 2020
Swiss bank sanctioned over PDVSA
Switzerland’s financial regulator said it is spending a lot of its time fighting money laundering in offshore banks. It sanctioned a third Swiss private bank for dealings with Venezuelan bolichicos. Finma is sanctioning Banca Credinvest over dealings with Venezuelan clients, it said in a statement on Tuesday. The tiny… Read More
Rishi Sunak wants to ban suspect firms from FTSE under security plan
7th October 2020
Rishi Sunak wants to ban suspect firms from FTSE under security plan
Rishi Sunak will take on new powers to block companies from listing on the London Stock Exchange on national security grounds. The chancellor is understood to be preparing to launch a consultation on the details in the coming weeks in response to demands from MPs. The limitations of the rules… Read More
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