7th September 2020
Shark fin soup, considered a delicacy in some countries, has long fueled demand for illegally harvested fins. But federal authorities in Georgia announced this week that they had dismantled at least one source for the ingredient: a multimillion-dollar organization they described as an international money laundering, drug trafficking and illegal… Read More
4th September 2020
The United States on Thursday imposed sanctions on 11 foreign companies, accusing them of helping to facilitate Iran’s export of petroleum, petroleum products and petrochemicals in violation of American sanctions. The Treasury said it slapped sanctions on six companies based in Iran, the United Arab Emirates and China that it… Read More
4th September 2020
By Zachary Goodwin, InSight Crime, 2 September 2020 InSight Crime – Raids across Costa Rica have exposed a web of front companies filtering illegally mined gold to the United States, in the kind of multimillion-dollar laundering scheme not typically associated with the Central American country. In late August, Costa… Read More
3rd September 2020
A Venezuelan businessman charged in Miami with laundering millions of dollars from oil contracts was gunned down Tuesday by a motorcycle assassin in Venezuela, according to authorities. Leonardo Santilli died from several gunshot wounds in what police described as a possible professional hit, authorities said. According to press reports, the… Read More
2nd September 2020
Chinese authorities are getting more serious about fighting money laundering. Regulators in the country received a wake-up call in 2019 when the international Financial Action Task Force on money laundering highlighted flaws in China’s system. Later that year, several Chinese lawmakers submitted proposals to amend the nation’s 13-year-old anti-money laundering… Read More
2nd September 2020
The head of Brazil’s top corruption-busting team of federal prosecutors will quit the task force that dismantled the country’s biggest graft network and jailed a former president for taking bribes, the team announced on Tuesday. Deltan Dallagnol’s departure comes at a time when the so-called “Car Wash” investigation, which began… Read More
2nd September 2020
A former Venezuelan oil official fled the country and is talking to U.S. authorities about aiding their investigation of a high-level corruption scheme that helped plunge the oil-rich nation into an economic meltdown. Carmelo Urdaneta Aqui, a onetime legal counsel to the country’s powerful oil ministry, will appear in a… Read More
31st August 2020
Swiss authorities have frozen nearly $900 million belonging to an Angolan business executive with ties to successive presidential regimes, according to newly released court documents. Switzerland’s public prosecutors froze seven accounts of Carlos Manuel de São Vicente and family members in December 2018 on suspicions of money laundering, according… Read More
31st August 2020
The European Union stepped up threats of more sanctions against Turkey over its energy exploration in the eastern Mediterranean in a bid to address demands by Greece and Cyprus. EU foreign-policy chief Josep Borrell said he would begin compiling a list of possible penalties that would be directed at individuals,… Read More
26th August 2020
The Interpol has put out a Red Corner Notice, or a global arrest, warrant against Ami Modi, the wife of fraud-accused diamond merchant Nirav Modi. The notice has been issued in connection with money laundering cases registered against her in India. Ami Modi was last seen in the United States… Read More