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20th October 2020

6 money laundering reforms that experts say need to happen right now

By Ben Hallman, Spencer Woodman, Will Fitzgibbon and Karrie Kehoe, ICIJ, 19 October 2020 ICIJ — The biggest banks in the world are moving vast amounts of money for drug cartels, corrupt regimes, arms traffickers and other international criminals after having pledged repeatedly to do more to staunch the… Read More

20th October 2020

U.S. threatens sanctions as U.N. arms embargo against Iran expires

The United States has threatened to impose sanctions against any individual or entity that contributes to Iran’s conventional weapons program while rejecting the expiration of a United Nations arms embargo on Tehran. The decade-long embargo — which was part of a landmark 2015 nuclear deal that President Donald Trump… Read More

20th October 2020

Home Affairs assisting Icac over alleged cash-for-visa scheme linked to Daryl Maguire

The Department of Home Affairs is investigating the alleged cash-for-visa scheme linked to former Wagga Wagga MP Daryl Maguire, as the head of the department revealed he has reason to believe the former politician may have approached the federal government to make representations about visa issues. The secretary of home… Read More

20th October 2020

NAB has been fined $15 million after its controversial $24 billion referral program blew up

A large corporate fine hurts, but not nearly as much as having the judge presiding go to town over your offences. NAB is finding that out the hard way on Monday, after being slapped with a $15 million fine for its controversial ‘introducer’ program, that rewarded any Tom, Dick and… Read More

20th October 2020

Mr. HispanoPreneur: The Man Behind Honduras’ $47-Million Coronavirus Disaster

It was early July when David Velásquez, then 29, started to feel the aches and fever that made him suspect he had caught COVID-19. His brother, José, rushed him to one of Honduras’ emergency centers for virus testing and treatment, but all he found was chaos. “The disorganization was tremendous,”… Read More

20th October 2020

India’s ED files charge sheet against former AAP Councillor Tahir Hussain in money laundering case

The Enforcement Directorate (ED) on Saturday filed a charge sheet in a Delhi court against former AAP councillor Tahir Hussain in a money laundering case related to the communal violence in northeast Delhi in February. Additional Sessions Judge Amitabh Rawat took cognisance of the offences under section 3 (money laundering)… Read More

20th October 2020

Trump rally ‘VIP’ among six Chinese nationals charged with drug money laundering

A Chinese national whose Instagram page features pictures of him wearing a VIP pass at a 2018 rally for President Donald Trump, is now on U.S. soil after being charged with conspiring to distribute cocaine and laundering the illicit funds, according to court documents filed earlier this week. Tao Liu,… Read More

19th October 2020

Crown Melbourne casino faces Austrac investigation for potential money laundering breaches

Crown Resorts is facing a new threat to its casino licences and the prospect of multimillion-dollar fines after it was informed by Austrac, the government agency responsible for anti-money laundering laws that it has identified “potential non-compliance” by Crown Melbourne. In a release to the ASX, Crown has said the… Read More

19th October 2020

The day the international tax authorities came knocking

On a sunny Friday in late January, investigators from the Australian Tax Office issued subpoenas and fired off letters as part of an unprecedented probe that reached around the world. It was a similar scene in Amsterdam, where investigators from the Dutch tax agency set about a similar task. So,… Read More

19th October 2020

Largest Scottish fraud case linked to regime of Colonel Muammar Gadaffi

A money-laundering operation that allegedly funnelled tens of millions of pounds through Scotland from Libya is believed to be the largest fraud investigation in Scottish history. The findings of a six-year inquiry by Police Scotland are being considered by prosecutors. Government officials in the north African country claimed that a… Read More

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FinCEN Files sparks fresh UK inquiry into laundering of dirty billions

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Lawyers, accountants and real estate agents should report suspicious activity: AUSTRAC boss

EU imposes sanctions on Russian military intelligence chief