16th July 2020
A long-awaited advisory from the US’ Office of Foreign Assets Control (OFAC) has changed the rules of the game for maritime trade. The sanctions regulator – which sits within the Department of the Treasury and has the power to hand out multi-billion dollar fines to entities anywhere in the world… Read More
16th July 2020
Mexican legislators allegedly took bribes to vote in favor of a landmark energy reform during the previous administration, and an ex-head of the country’s oil giant will shed light on the matter, President Andres Manuel Lopez Obrador said on Wednesday. Lopez Obrador said there was “a lot” of corruption at… Read More
15th July 2020
The government has filed an application seeking to prohibit PetroSaudi International and its director Tarek Obaid from using over US$340 million in alleged funds from 1MDB kept in a client’s account of a UK law firm. In the application filed on July 10, the government contended that the US$340,258,246.87 in… Read More
15th July 2020
An Angolan court has labeled a deal between the African country’s diamond company and Isabel dos Santos’ husband as “fraudulent” and harmful to average Angolans, according to a newly released decision. The 44-page ruling by the Provincial Court of Luanda, released publicly earlier this month, prevents Banco BIC, partly… Read More
15th July 2020
The UK Serious Fraud Office (SFO) said on Monday it would launch a review after its head was rebuked by a London judge for being vulnerable to flattery from a freelance agent during a high-profile bribery investigation into oil consultancy Unaoil. Judge Martin Beddoe said SFO head Lisa Osofsky and… Read More
13th July 2020
Last month, more allegations emerged surrounding the Congolese presidential family’s ill-gotten gains. In Florida, US federal prosecutors took steps to seize a Miami penthouse of Denis Christel Sassou-Nguesso, son of Republic of Congo’s president, a sitting member of parliament and former powerful figure in the national oil company, SNPC. Read More
9th July 2020
By Sandrine Gagné-Acoulon, OCCRP, 8 July 2020 OCCRP — A US think tank claims that poor enforcement has turned Dubai into a hotbed of dodgy dealings by allowing the emirate to serve as a major crossroad for gray networks and international finance. The Carnegie Endowment for International Peace released… Read More
9th July 2020
Global Witness and the Platform to Protect Whistleblowers in Africa (PPLAAF) said they condemn a criminal complaint filed against them in France by Afriland First Bank, a Cameroonian financial institution named in the Undermining Sanctions investigation. “For two of the principal subjects of our report to threaten or file… Read More
7th July 2020
U.S. prosecutors have charged two sons of former Panamanian President Ricardo Martinelli in connection with bribery and money laundering linked to Brazilian construction firm Odebrecht, according to a federal complaint unsealed on Monday. Luis Enrique Martinelli, 38, and Ricardo Alberto Martinelli, 40, were arrested earlier in the day in Guatemala… Read More
6th July 2020
Almost two decades after the collapse of Enron Corp., a former unit of the energy-trading giant is sparring with U.S. and Nigerian authorities over the proceeds of the sale of a luxury yacht. The dispute pivots on the Galactica Star — a 213-foot vessel once worth more than $80 million. Read More