Featured Governmental

Privacy Coins Face Existential Threat Amid Regulatory Pinch

The subset of digital assets dubbed privacy coins, which have long delighted libertarians and frustrated law enforcement, are feeling the pinch of a step up in regulation. Cryptocurrencies such as Monero, Zcash and Dash, which can to varying degrees obfuscate transactions, are making it harder for exchanges and custodians to… Read More

Foreign Investors Fueled Violence and Corruption in South Sudan, Report Finds

A cabal of ruling elites and warlords in South Sudan have been propped up by a complex and global web of corruption that includes would-be American arms dealers, British business tycoons, and Chinese oil giants, according to a new report released on Thursday. The report, released by the Sentry,… Read More

US helping Venezuela’s Guaido track stolen art

AP — U.S. officials are investigating the suspected looting of valuable European and Latin American artwork they believe is being quietly plundered by Venezuelan government insiders as Nicolas Maduro struggles to maintain his grip on power. The U.S. Treasury in recent months has sought the cooperation of the… Read More
20th September 2019
Financial intermediaries and other entities classified as “high-risk” are going to have to undergo a rigorous examination by the Financial Intelligence Analysis Unit every 18 months. A new automated system will classify entities according to their risk profile, a compliance manager with the FIAU said during a media briefing in response… Read More
20th September 2019
Despite the best efforts of law enforcement agencies, regulators, international government organisations, diplomats and a complex framework of multilateral legislative and cooperative arrangements, the cost of financial crime and money laundering globally and regionally remains unacceptably high. The UN Office on Drugs and Crime estimates the amount of money… Read More
20th September 2019
The parliamentary foreign affairs commission on Tuesday approved a draft resolution supporting Belgium’s membership of INSTEX, the European special purpose company that is required to allow trade with Iran despite American sanctions. In 2015, an agreement was reached between Iran and the five members of the UN Security Council as… Read More
20th September 2019
A court handed down a two-year prison sentence for bribery to former Salvadoran President Elias Antonio Saca, the attorney general’s office said on Thursday. Saca, 54, who is already serving a 10-year prison sentence for misuse of public funds and money laundering, was found guilty of having offered $10,000 to… Read More
20th September 2019
European Union ambassadors backed a former anti-corruption crusader from Romania to become the European Union’s first chief prosecutor, defying objections from her own government and other leaders’ endorsement of a rival candidate. Booted from her job at home after leading a drive that put scores of top-level officials behind… Read More
19th September 2019
Just days after declaring the United States was “locked and loaded” in response to a suspected Iranian attack on key Saudi Arabian oil facilities, U.S. President Donald Trump on Wednesday said that he directed the Treasury Department to “substantially increase” sanctions on Iran. That raises several questions: What is left… Read More
19th September 2019
Members of South Africa’s controversial Gupta family have long been implicated in a series of corrupt political connections and illegal deals that have earned them millions, often in government funds. The influence of the family, now reportedly in exile in Dubai, is so all-pervasive that the affair is widely known… Read More
19th September 2019
A Sri Lankan parliamentary panel will investigate an allegation of corruption against a Chinese company contracted to work on the construction of South Asia’s tallest tower. President Maithripala Sirisena made the allegation at the inauguration on Monday of the 356-meter Lotus Tower, which overlooks Beira Lake in Colombo, sparking a… Read More
19th September 2019
A B.C. company set up by Mexican businessmen was used to launder millions of dollars of criminal proceeds, the Canada Border Services Agency alleges in Federal Court documents. The CBSA interviewed one of the men it claims is involved, Sergio Antonio Reyes Garcia, on March 3, 2019 when he arrived… Read More
18th September 2019
Swedbank (SWEDa.ST) has moved to end a spat with one of the authorities investigating possible money laundering at the bank’s Estonian business by granting permission for it to interview the lawyer who carried out an internal probe into the allegations. The Swedish lender fired its CEO and its… Read More