15th May 2020
The FBI is probing several Mexican and European companies allegedly involved in trading Venezuelan oil as it gathers information for a U.S. Treasury Department inquiry into possible sanctions busting, according to four people familiar with the matter. U.S. Secretary of State Mike Pompeo and special envoy for Venezuela Elliott Abrams… Read More
14th May 2020
Venezuela’s opposition-held congress plans to voice concern to the U.S. government over its removal of sanctions on Swedish refiner Nynas AB after Venezuela’s state-run oil company, Petroleos de Venezuela, sold most of its stake in the firm, three people with knowledge of the matter said. Nynas said on Tuesday that… Read More
14th May 2020
Construction of the world’s most controversial natural gas pipeline is about to enter the endgame of an energy dispute that’s pitted the U.S. against Russia and some of its closest trans-Atlantic allies, satellite images show. The Nord Stream 2 pipeline, built to increase the flow of Russian gas into Europe’s… Read More
12th May 2020
On a cold day in March of last year, I found myself standing outside a public latrine in London’s Soho Square, waiting for India’s most-wanted man. He was Nirav Modi, a diamond dealer who for the past 14 months had been on the run from India, accused of having defrauded… Read More
11th May 2020
An indicted financier accused by the U.S. of developing Venezuela’s gold-for-food trade with Turkey is helping orchestrate a similar swap with Iran involving gold for gasoline products, according to seven people familiar with the matter. Alex Nain Saab Moran, a Colombian whom U.S. authorities consider one of the most… Read More
7th May 2020
GFI — Even in normal times, there has been a growing recognition of the threat that illicit financial flows (IFFs) pose to the integrity and stability of the global financial system. But now, with the onslaught of the Covid-19 crisis, concerns are growing that the scale and scope… Read More
6th May 2020
A company linked to Sudan’s most powerful militia leader is surrendering a network of mines that at one stage produced a third of the nation’s gold, as his group battles accusations of corruption and brutality. Mining ministry officials are assessing the value of the area in the Jebel Amer region… Read More
4th May 2020
Out of cash and desperate for help in propping up its oil industry, Venezuela is raiding its gold vaults and handing tons of bars to its long-time ally Iran, according to people with direct knowledge of the matter. Government officials piled some 9 tons of gold — an amount equal… Read More
4th May 2020
Playboy tycoon James Stunt is to be charged with money laundering and forgery, the Mail can reveal. But the bankrupt former gold bullion dealer is already protesting his innocence, telling his followers on Instagram: ‘This is the biggest fit-up.’ Mr Stunt, 38, who was once married to Formula One heiress… Read More
1st May 2020
The United Arab Emirates is not doing enough to prevent money laundering despite recent progress, and causing concerns about its ability to combat financing of terrorism, the global dirty money monitoring group said on Thursday. The U.S.-allied Gulf state, which includes the region’s financial and commercial centre Dubai, will now… Read More