Cyprus Papers: secret migration of China’s rich, led by Asia’s richest woman, revealed in leaked documents
27th August 2020
Cyprus Papers: secret migration of China’s rich, led by Asia’s richest woman, revealed in leaked documents
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
Malta: Police suspect Shanghai consul profited from Chinese visa sales
26th August 2020
Malta: Police suspect Shanghai consul profited from Chinese visa sales
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
Brazil priest under investigation over accusations pilgrim donations were misused
26th August 2020
Brazil priest under investigation over accusations pilgrim donations were misused
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
Belgium Launches Tax Evasion, Money Laundering Probe into Credit Suisse
25th August 2020
Belgium Launches Tax Evasion, Money Laundering Probe into Credit Suisse
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
Cyprus sold passports to criminals and fugitives, leak shows
24th August 2020
Cyprus sold passports to criminals and fugitives, leak shows
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
Austin billionaire Robert Smith faces U.S. probe into potential tax crimes involving Caribbean entities
24th August 2020
Austin billionaire Robert Smith faces U.S. probe into potential tax crimes involving Caribbean entities
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
Fighting Trade-Based Financial Crime in a Global Pandemic
24th August 2020
Fighting Trade-Based Financial Crime in a Global Pandemic
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
Swiss Leaks: ‘Prove where you got your wealth,’ India tells alleged tax dodger
19th August 2020
Swiss Leaks: ‘Prove where you got your wealth,’ India tells alleged tax dodger
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
Tax Rules for the Super-Rich Make the Isle of Man a Haven for Private Jets
19th August 2020
Tax Rules for the Super-Rich Make the Isle of Man a Haven for Private Jets
OCCRP – Oleg Tinkov is a self-made Russian billionaire with a penchant for private jets and luxury homes around the globe that bear his name, just like the online bank he founded. For years, Tinkov flaunted this lavish lifestyle on social media. In February, his family flew a $58-million… Read More
German police conduct raids linked to illegal gambling
18th August 2020
German police conduct raids linked to illegal gambling
AP – Hundreds of police officers searched shisha bars, tea houses and illegal gambling halls across western Germany early Sunday. The officers confiscated 34,000 euros (around $40,000) in cash, 19 gambling machines and three kilograms (6.6 pounds) of shisha tobacco, the German news agency dpa reported. Eleven stores were… Read More
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