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Sixteen Hongkongers arrested in police swoop on bookmaking syndicate that laundered over HK$180 million in 10 months

Hong Kong police have arrested 16 people in a clampdown on a bookmaking syndicate which pocketed and laundered more than HK$180 million (US$23 million) in crime proceeds over 10 months. During the operation, officers froze bank accounts containing HK$6.8 million they suspected the gang bagged through illegal gambling business. According… Read More

Libya releases man described as one of world’s most wanted human traffickers

Libyan authorities have released a man described as one of the world’s most wanted human traffickers, who was placed under sanctions by the UN security council for being directly involved in the sinking of migrant boats. The coastguard commander Abd al-Rahman Milad, known by his alias Bija, is suspected of… Read More

Former Mexican senator hit with criminal charges tied to energy reform

Mexican prosecutors on Tuesday filed criminal charges against a former senator who under the previous government helped to pass a major energy reform which President Andres Manuel Lopez Obrador has attacked as tainted by corruption. Prosecutors charged Jorge Lavalle, a senator with the center-right National Action Party (PAN) during the… Read More

14th April 2021

Venezuela government wants to use funds frozen in the U.S. to pay for vaccines

Venezuela’s government wants funds frozen in the United States to be put toward paying for coronavirus vaccines and will keep working with the opposition to negotiate this payment, the head of the government-controlled legislature said on Tuesday. Allies of opposition leader Juan Guaido have for months been in talks with… Read More

14th April 2021

Ecuador detains comptroller, ex-minister in Petroecuador probe

Ecuador on Tuesday detained the country’s comptroller and a former energy minister as part of an investigation into corruption at three state institutions, including oil company Petroecuador, the national prosecutor’s office said. The arrests come after an employee of trading house Gunvor Group pleaded guilty to U.S. charges of involvement… Read More

14th April 2021

Burundi Sees European Union Lifting Sanctions Before End of Year

Burundi and the European Union have accelerated talks on lifting sanctions imposed by the bloc, according to Foreign Affairs Minister Albert Shingiro. The EU placed penalties on some politicians and state officials and froze government financing in 2015 during a political crisis that followed former President Pierre Nkurunziza’s decision to… Read More

14th April 2021

Swiss money laundering probe eyes Lebanon central bank chief: report

From the British Virgin Islands to Geneva, Swiss prosecutors are tracking the suspected fund movements of Lebanon’s central bank chief Riad Salameh, a Swiss newspaper reported Tuesday. The Swiss attorney general’s office said in January it was investigating “aggravated money laundering… in connection with possible embezzlement to the detriment of”… Read More

14th April 2021

Wirecard’s Regulator Faces Criminal Probe as Scandal Expands

The scandal over the collapse of Wirecard AG expanded as German financial regulator BaFin faces a criminal probe into how it oversaw the payment processor and whether some of the agency’s staff illegally traded the stock. Frankfurt prosecutors said Monday they opened the probe after reviewing information collected from BaFin… Read More

14th April 2021

Putin’s Ukraine Gambit Turns Debt Sanctions Into a Real Threat

A massive troop buildup on the border with Ukraine has turned the once unthinkable idea of U.S. sanctions on Russian sovereign debt into a real possibility for investors. Yields on ruble bonds, known as OFZs, jumped to the highest level in more than a year last week and were edging… Read More

14th April 2021

U.S. Treasury’s Financial Crimes Unit Shuffles Leadership

The U.S. Treasury Department’s anti-money-laundering unit is changing leadership as it prepares to enact a sweeping new financial transparency law. Kenneth Blanco, a former federal prosecutor who has served as the Financial Crimes Enforcement Network’s director since late 2017, will depart on April 9, the Treasury unit said. Michael Mosier,… Read More

14th April 2021

Interpol Leads International Crackdown on Human Trafficking, Smuggling

By Julett Pineda Sleinan, OCCRP, 13 April 2021 OCCRP — In a joint operation led by Interpol, police from 24 countries arrested 195 suspects of human trafficking and migrants smuggling and rescued 500 victims, including children, the international police organization said on Friday. Operation Weka… Read More

14th April 2021

Casinos Concerned as Macau Eyes Digital Currency for Financial Crime Fight

Macau has moved a step closer to the potential introduction of a digital currency as it seeks to better combat money laundering and tax evasion in the world’s biggest gambling hub. The government plans to amend laws to regulate the issuance of a virtual legal tender, Chief Executive Ho Iat… Read More

14th April 2021

Denmark charges six from UK and US with cum-ex fraud

Prosecutors in Denmark have charged three Britons and three Americans with defrauding the Danish treasury of more than 1.1bn kroner ($175m; £130m; €150m) through a German bank. Two British citizens have already been charged as part of a “cum-ex” trading fraud that swindled the treasury of a total of 12.7bn… Read More

Must Read

Sixteen Hongkongers arrested in police swoop on bookmaking syndicate that laundered over HK$180 million in 10 months

Libya releases man described as one of world’s most wanted human traffickers

Former Mexican senator hit with criminal charges tied to energy reform

Venezuela government wants to use funds frozen in the U.S. to pay for vaccines

Ecuador detains comptroller, ex-minister in Petroecuador probe