28th April 2020
Since targeting Venezuelan corruption in 2017, South Florida federal authorities have seized $450 million in bank accounts — luxury properties, show horses, high-end watches and a super-yacht — that belonged to more than a dozen government officials and business people in Venezuela, all charged with laundering billions of dollars into… Read More
22nd April 2020
Eni SpA has settled allegations in the U.S. that a subsidiary used sham contracts with an intermediary to improperly win contracts from an Algerian state-owned oil company. The Italian oil-and-gas giant agreed to pay $24.5 million to resolve alleged violations of the Foreign Corrupt Practices Act, according to the… Read More
22nd April 2020
The U.S. Treasury Department on Tuesday gave Chevron Corp, the last major U.S. oil company still operating in Venezuela, until Dec. 1 to “wind down” its business in the OPEC member-nation and allowed it to conduct only limited operations there until then. In a move to ratchet up pressure on… Read More
21st April 2020
Venezuela is illegally mining and trading in gold, and Switzerland could be one of its clients, according to Swiss media reports. swissinfo.ch spoke to law enforcement, customs and financial authorities to find out whether they are taking action. Swiss public radio RTS opened a Pandora’s box in February by revealing… Read More
21st April 2020
Accountancy firm EY has been ordered to pay $10.8m in damages to a whistleblower who claimed it covered up evidence of money laundering. Auditor Amjad Rihan sued EY after being forced out of his job in 2014. A year earlier, Mr Rihan led an audit that discovered Dubai’s biggest gold… Read More
20th April 2020
AP — U.N. experts have recommended blacklisting 14 vessels for violating sanctions against North Korea in a report that accuses the country of increasing illegal coal exports, imports of petroleum products and continuing with cyber attacks on financial institutions and cryptocurrency exchanges to gain illicit revenue. The 267-page report, obtained… Read More
15th April 2020
U.S. President Donald Trump’s most senior intelligence official, Richard Grenell, came under scrutiny last month after it emerged he had carried out work for sanctioned Moldovan oligarch Vladimir Plahotniuc. Mongabay has since learned that Grenell, the acting director of national intelligence, is not the only Washington political figure with… Read More
14th April 2020
A Brisbane house and three Australian banks are now at the centre of a money laundering probe into a $US10.3 million payment made by the ASX-listed Horizon Oil to a company linked to a senior minister in Papua New Guinea. The Australian Financial Review has been told Westpac… Read More
14th April 2020
A former banker at Goldman Sachs Group Inc. arranged for millions of dollars in bribes to be paid to government officials in Ghana to help a client win a power-plant contract, U.S. regulators said Monday in a civil lawsuit. The Securities and Exchange Commission alleges that Asante Berko, a… Read More
13th April 2020
OCCRP — Extreme shortages of food and medicine, hyperinflation, violent political repression, and outrageous corruption — many governments might have buckled under the weight of such a compounded crisis. Not in Venezuela, where top military officers have been richly rewarded for maintaining the status quo, even as the country has spiralled… Read More