The banker was a spy
24th September 2020
The banker was a spy
BuzzFeed News – In 2014, the FBI was in the late stages of an elaborate sting. An undercover agent posing as an energy analyst leaked binders with fake commercial secrets to two Russian spies operating in New York. The spies took the binders back to the “Rezidentura,” the New… Read More
British Lawmakers Want Probe of U.K. Money-Laundering Reputation
24th September 2020
British Lawmakers Want Probe of U.K. Money-Laundering Reputation
A British parliamentary committee that scrutinizes financial affairs has asked the government and securities regulator to look into reports that the U.S. considers the country a “higher risk” jurisdiction for money laundering and economic crime. In one of the first responses by U.K. politicians to leaked U.S. regulatory documents, Mel… Read More
U.S. blacklists Venezuelan lawmakers, alleging election manipulation
24th September 2020
U.S. blacklists Venezuelan lawmakers, alleging election manipulation
The United States on Tuesday imposed sanctions on Venezuelan lawmakers it accused of supporting the country’s leftist leader, Nicolas Maduro, and his planned legislative elections that Washington has said will likely be rigged. The Treasury in a statement accused the five blacklisted individuals of having acted as part of a… Read More
FinCEN Files: Dubious oil deals with Syria turn fatal
24th September 2020
FinCEN Files: Dubious oil deals with Syria turn fatal
In the Kerch Strait off the Crimean coast, a dangerous undertaking cost 20 people their lives. On January 21, 2019, crews on two tankers were transferring liquified petroleum gas (LPG) from one ship to another at sea. Something went wrong and there was a terrible explosion. Both ships quickly… Read More
The new Cold War is financial
23rd September 2020
The new Cold War is financial
Imagine you are Noel Quinn, recently confirmed chief executive of HSBC. Sitting high up in London’s Canary Wharf or overlooking the harbour from the bank’s Hong Kong base, he must be facing a range of challenges. Many of these challenges are ‘known knowns’. Rising loan losses as the health of… Read More
EU sanctions Turkish company accused of breaking Libya embargo
23rd September 2020
EU sanctions Turkish company accused of breaking Libya embargo
The European Union imposed sanctions on Monday on a Turkish shipping company accused of breaking a U.N. arms embargo on Libya and whose vessel was involved in a naval incident between NATO members France and Turkey in June. The asset freeze of Avrasya Shipping, which the EU said operates the… Read More
Inside scandal-rocked Danske Estonia and the shell-company ‘factories’ that served it
22nd September 2020
Inside scandal-rocked Danske Estonia and the shell-company ‘factories’ that served it
By Simon Bowers, Karrie Kehoe and Holger Roonemaa, ICIJ, 21 September 2020 ICIJ — The Estonian banker was frantic: A whistleblower inside the bank suspected nine anonymous companies — all registered in the United Kingdom — of serious financial crimes and was threatening to go to authorities. “The whistleblower demands… Read More
How banks helped Venezuela’s ‘boligarchs’ extract billions
22nd September 2020
How banks helped Venezuela’s ‘boligarchs’ extract billions
By Sasha Chavkin and Patricia Marcano, ICIJ, 21 September 2020 ICIJ — On a rusty gas stove in Selena Ramirez’s apartment, a small flame was glowing. Ramirez, 69, shares the apartment with her daughter and 11-year-old grandson. It is on the ground floor of a government housing complex in San Francisco… Read More
ING Bank Worked for Russian Money Laundering Network
22nd September 2020
ING Bank Worked for Russian Money Laundering Network
Over the past decade, ING Bank has carried out billion-dollar transactions for companies from one of the largest Russian money laundering networks ever exposed. This puts the bank in a similar position to Deutsche Bank and Danske Bank, whose involvement in the network has previously been exposed. The German bank… Read More
FinCEN Files: UAE central bank failed to prevent sanctions evasion
22nd September 2020
FinCEN Files: UAE central bank failed to prevent sanctions evasion
The United Arab Emirates’ central bank failed to act on warnings about a local firm which was helping Iran to evade sanctions, the BBC has found. Leaked documents show Dubai-based Gunes General Trading processed $142m (£110m) in suspicious transactions through the UAE financial system in 2011 and 2012. The activity… Read More
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