2nd April 2020
When hackers broke into computers at Hammersmith Medicines Research, a London-based company that carries out clinical trials for new medicines, it was a nightmare scenario for managing director Malcolm Boyce. The coronavirus crisis was just beginning to take hold in the U.K., and the company was in talks with… Read More
1st April 2020
One subject never fails to light up the eyes of senior bankers and regulators when they’re questioned about their efforts to end the money laundering-related scandals that have spread across northern Europe over the last two years: technology.  There can be no more damning indictment of the integrity of… Read More
31st March 2020
The Treasury Department doesn’t have any near-term plans to relax foreign banks’ obligation to report information about U.S. account holders, despite European Union leaders’ concern about hardships that result for some Americans. The Foreign Account Tax Compliance Act was enacted to help the U.S. government enforce laws requiring U.S. citizens… Read More
24th March 2020
By David Klein  OCCRP — As COVID-19 shut down the world in less than a month, cybercriminals seized the opportunity to use the Internet to defraud and blackmail people and companies. The Australian Competition and Consumer Commission (ACCC) reported that their Scamwatch service has tracked nearly 100 coronavirus related scams… Read More
24th March 2020
Starting today, you can get a taste of the International Consortium of Investigative Journalist’s powerful research platform without having to install any software – and use it to explore a set of leaked documents. Datashare, ICIJ’s open-source document analysis tool, is now available online via a web browser, complete with… Read More
12th March 2020
President Duterte has agreed with the Department of Finance (DOF) that moves to strengthen legislative measures to fight money laundering and lifting bank secrecy must be given priority amid concerns that Philippine offshore gaming ope­rators (Pogos) were being used to launder dirty money, a DOF official said on Wednesday. Assistant… Read More
3rd March 2020
The United States on Monday charged two Chinese nationals with laundering more than $100 million in stolen cryptocurrency from a 2018 cyberattack linked to North Korea’s illicit nuclear missile and weapons development program. The new indictment, accompanied by sanctions and a civil forfeiture complaint seizing 113 cryptocurrency accounts filed in federal… Read More
27th February 2020
The European Union may target a Russian and a Chinese entity, as well as several individuals, with sanctions over cyber attacks, adding to signs of increasing alarm in the bloc over network security. Five diplomats familiar with the matter said talks on the proposed measures will begin as soon… Read More
20th February 2020
Turkey has until the end of the year to comply with European Union demands on tax transparency, or else risk being added to a list of countries that could face financial sanctions, according to Austrian Finance Minister Gernot Blüemel. The EU’s 27 finance ministers meeting in Brussels determined that Turkey… Read More
20th February 2020
Civil society organizations urged the participants of a conference on combating money laundering to insist on the establishment of a public register that would show who owns which company in which country. Representatives from 205 countries and jurisdictions are meeting this week in Paris to discuss global action that can… Read More