Featured Governmental

EU agrees sanctions on Turkey over Cyprus drilling, to add names later

European Union foreign ministers agreed on Monday economic sanctions over Turkey’s drilling off the coast of Cyprus, setting up the legal framework for travel bans and asset freezes but leaving names until a later date. The decision, reflecting a broader deterioration in EU ties with Turkey, aims to punish Ankara… Read More

Australia: Dirty money spotlight on estate agents

Australia is set to receive another black mark for its lax anti-money laundering laws, putting renewed pressure on the federal government to force real estate agents to report suspicious sales. The Financial Action Taskforce, which sits under the G7 major world economies, is due to release its latest report… Read More

Malaysian ex-PM Najib ordered to enter defense in 1MDB case

AP — A Malaysian judge on Monday ordered former Prime Minister Najib Razak to enter a defense at his first corruption trial linked to the multibillion-dollar looting at the 1MDB state investment fund that helped spur his shocking election ouster last year. Defense lawyers said Najib was shocked he wasn’t… Read More
12th November 2019
The former first deputy chairman of the central bank is among seven people who have been detained on suspicion of embezzling $49 million that was part of a loan the National Bank of Ukraine (NBU) gave to stabilize a struggling bank owned by one of the country’s biggest agricultural producers. Read More
12th November 2019
The revelation last week that fugitive Malaysian businessman Low Taek Jho, better known as Jho Low, holds a Cypriot passport has sparked a fresh flurry of speculation over his whereabouts, as authorities attempt to track him down for alleged financial crimes linked to defunct state fund 1Malaysia Development Berhad. The… Read More
12th November 2019
The Netherlands is investigating alleged bribery involving the Christie administration’s acquisition of nine defence force vessels in 2014 and has been receiving co-operation from local officials for its investigation since June of last year. Dutch officials suspect corruption related to the shipbuilding services this country received from Damen Shipyard Group… Read More
12th November 2019
AP — On Dec. 14, 2018, Aaron Cole was about to buy a new house and received an email that he thought was from his title company, directing him to make a $123,000 deposit. Cole complied, not realizing that a sophisticated hacker network had likely been spying on his communications… Read More
11th November 2019
The European Union’s largest states are pushing for the establishment of a new supervisory authority that would take over from states the oversight of money laundering at financial firms, after a series of scandals at the bloc’s banks. In a joint statement, Germany, France, Italy, Spain, the Netherlands and Latvia… Read More
11th November 2019
Family members of Bashar al-Assad have purchased at least 20 Moscow apartments worth an aggregate $40 million over the past six years, despite EU and US sanctions targeting the Syrian leader, the Financial Times reported Monday. The real estate deals, including the purchase of 18 luxury apartments in Moscow’s… Read More
11th November 2019
Twenty years after the controversial demise of one of Nigeria’s last military leaders, Sani Abacha, one sore thumb still aching local and international financial crime investigators is the full extent of his legacy of corruption. In the years since 2002, when the first insight into the depth of corruption during… Read More
11th November 2019
It has been a year since a joint investigation by Times of Malta and Reuters revealed that power station investor Yorgen Fenech owned the mystery company 17 Black. On Monday, Keith Schembri is expected to testify for the first time about the 17 Black connection in a libel case. Jacob… Read More
11th November 2019
Four members of a family have turned over more than a dozen properties across the United Kingdom and Spain worth US$10.3 million after British authorities accused them of buying them with dirty money. The National Crime Agency says Shane Davies, 47, his wife Rhianna, 34, mother Sheila, 66, and… Read More
11th November 2019
Brazil’s former president Luiz Inácio Lula da Silva has been released from prison after a supreme court ruling that delighted his supporters and infuriated followers of the far-right president Jair Bolsonaro. Lula, who was serving a 12-year corruption sentence, was greeted by hundreds of supporters wearing red vests emblazoned… Read More