2nd September 2020
This morning, the Attorney General’s Office announced it had arrested Gerardo Sosa Castelán over money laundering charges. Sosa Castelán is a politician from the Institutional Revolutionary Party (PRI) and the head of the board of trustees at Hidalgo’s Autonomous University (UAEH). The board of trustees at Hidalgo’s Autonomous University was… Read More
1st September 2020
The taxman has boosted payments to those tipping it off about tax dodgers. They include disgruntled employees and spouses who “know where the bodies are buried”, says the law firm RPC. HM Revenue & Customs (HMRC) paid £473,000 to informants in the 12 months to April 2020 — up from… Read More
27th August 2020
More than 500 Chinese people obtained European Union citizenship in the island nation of Cyprus between 2017 and 2019, including Asia’s richest woman, according to leaked documents obtained by Al Jazeera’s Investigative Unit. The documents, which are said to contain information on 2,500 immigrants to Cyprus during that time frame,… Read More
26th August 2020
Police who arrested a government official and his wife on money laundering charges suspect that they may have generated illegal profits through Chinese visa sales. Malta’s consul to Shanghai, Aldo Cutajar, 55, and his wife, Isabel, 52, also face charges of tax evasion and appeared in court on Monday… Read More
26th August 2020
A popular priest is being investigated by prosecutors over accusations he diverted donations at Brazil’s third largest pilgrimage site into real estate investments, including a ranch and a luxury beach house, authorities said. The Roman Catholic Church suspended Father Robson Oliveira on Sunday, pending the investigation by prosecutors looking into… Read More
25th August 2020
The federal prosecutor’s office in Brussels has opened a criminal investigation into the Swiss bank Credit Suisse, in particular the dealings of 2,600 Belgian clients suspected of using Swiss bank accounts to evade taxes. “A criminal investigation has been opened against Credit Suisse for money laundering and unlawfully acting as… Read More
24th August 2020
Convicted fraudsters, money launderers and political figures accused of corruption are among dozens of people from more than 70 countries who have bought so-called “golden passports” from Cyprus, according to a large cache of official documents obtained by Al Jazeera’s Investigative Unit. The Cyprus Papers is a leak of more… Read More
24th August 2020
When billionaire Robert Smith ended his 2019 Morehouse College commencement speech by vowing to pay off student debt for the entire graduating class, cheers of “MVP, MVP, MVP!” rose from students and faculty on the Atlanta campus. What the audience didn’t know was that Smith was harboring a financial secret. Read More
24th August 2020
If financial institutions consider the global trade of physical commodities as a higher-risk product, that’s not without reason. The complexities that arise from the involvement of multiple jurisdictions and various stakeholders throughout several stages of a global trade transaction can be exploited by organised criminal networks to launder money, evade taxes,… Read More
19th August 2020
Indian taxpayers appear a step closer to reaping millions of dollars their fellow citizens have stashed illicitly in secrecy jurisdictions, following a recent landmark ruling against the elderly beneficiary of an undeclared Swiss bank account. Based on her declared taxable income of less than $4,000 in 2006, the powerful… Read More