EU Sanctions Six Putin Allies Over the Poisoning of Navalny
16th October 2020
EU Sanctions Six Putin Allies Over the Poisoning of Navalny
The European Union blacklisted six people in Russia allied to President Vladimir Putin as punishment for the attempted murder of opposition leader Alexey Navalny. The targets of the EU asset freezes and travel bans imposed on Thursday include Aleksandr Bortnikov, leader of Russia’s domestic spy agency; Sergei Kiriyenko, first deputy… Read More
Mexico’s Former Defense Minister Is Arrested in Los Angeles for Money Laundering
16th October 2020
Mexico’s Former Defense Minister Is Arrested in Los Angeles for Money Laundering
A former Mexican defense minister was arrested on Thursday night after arriving at Los Angeles International Airport with his family, according to the Mexican government, becoming the first high-ranking military official to be taken into custody in the United States in connection with drug-related corruption in his country. The former… Read More
Wells Fargo fires more than 100 workers for abusing U.S. aid
16th October 2020
Wells Fargo fires more than 100 workers for abusing U.S. aid
Wells Fargo & Co. fired more than 100 employees suspected of improperly collecting coronavirus relief funds, according to a person with knowledge of the situation. The firm determined that the staffers defrauded the Small Business Administration “by making false representations in applying for coronavirus relief funds for themselves,” according… Read More
How a Syrian Ambassador’s Friend Made a Million Selling Him an Embassy
16th October 2020
How a Syrian Ambassador’s Friend Made a Million Selling Him an Embassy
By Ana Poenariu (RISE Project) and Mohammad Bassiki (SIRAJ), OCCRP, 15 October 2020 OCCRP — The Art Deco-style mansion at 47 Paris Street in Bucharest was never going to be cheap. It measures over a thousand square meters, sits in a prime neighborhood favored by diplomats, and was built by… Read More
Angola seizes assets of allies of former president Dos Santos
16th October 2020
Angola seizes assets of allies of former president Dos Santos
Angolan prosecutors have seized assets belonging to two of former President Jose Eduardo dos Santos’s closest aides, the latest step in a crackdown on corruption in the southern African country. Assets including a brewery and a vehicle assembly plant held by general Manuel Helder Vieira Dias, known as Kopelipa, and… Read More
Spain extradites former banker sentenced in Iran for corruption
16th October 2020
Spain extradites former banker sentenced in Iran for corruption
Spain has extradited a fugitive former Iranian executive implicated in a large financial corruption case, in what Iran’s judiciary says is the first such extradition from Europe. Alireza Heydar Abadipour, the former CEO of Sarmayeh Bank, touched down at Imam Khomeini International Airport in Tehran, where media and police officials… Read More
Billionaire Robert Smith to pay $140 million over tax probe
16th October 2020
Billionaire Robert Smith to pay $140 million over tax probe
Billionaire Robert Smith will pay about $140 million and acknowledge wrongdoing to end a four-year U.S. tax investigation involving assets held in offshore tax havens, people familiar with the matter said. Smith, chief executive officer of the private equity firm Vista Equity Partners, informed some executives and investors of… Read More
Meat giant JBS’s owner settles U.S. corruption charges
16th October 2020
Meat giant JBS’s owner settles U.S. corruption charges
Brazil’s J&F Investimentos, which controls the world’s largest meatpacker, JBS SA, put an end to a long-running legal dispute in the U.S. over bribes it paid in Brazil, agreeing Wednesday to pay $128 million to settle the case. J&F admitted in 2017 to paying about $150 million in bribes… Read More
The FinCEN Files: Asking the Right Questions
15th October 2020
The FinCEN Files: Asking the Right Questions
The FinCEN Files, as they have been dubbed by the good folks over at BuzzFeed News and the International Consortium of Investigative Journalists (ICIJ), are certainly headline-grabbing stories and they raise a lot of questions about the efficacy of anti-money laundering (AML) compliance around the globe. Seeing that the Suspicious… Read More
U.S. State Department issues sanctions warning to banks over Hong Kong crackdown
15th October 2020
U.S. State Department issues sanctions warning to banks over Hong Kong crackdown
The U.S. State Department on Wednesday warned international financial institutions doing business with individuals deemed responsible for China’s crackdown in Hong Kong that they could soon face tough sanctions. In a report to Congress, the State Department named 10 people, including Hong Kong’s chief executive Carrie Lam, all of whom… Read More
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