19th June 2020
A former governor of the Mexican state of Coahuila has pleaded guilty to charges that he laundered money to conceal bribes paid to him in return for road-building contracts, the U.S. Department of Justice said on Wednesday. Jorge Torres, who served as interim governor of the northern border state… Read More
19th June 2020
While the anti-terrorism bill is seen by its supporters to give more teeth to policies countering terrorist financing, Sen. Panfilo Lacson said the measure would still provide for “humane” considerations in terms of freezing assets by allowing partial withdrawal of money for humanitarian needs. In an online media forum on… Read More
18th June 2020
The UK’s financial regulator has fined Commerzbank £38m for money-laundering failures, including an “out-of-control” system for checking clients. The Financial Conduct Authority (FCA) said the German business bank had failed to put money-laundering controls in place over a period of five years, despite three separate warnings from the regulator. Read More
18th June 2020
Signed cheques that combined totalled over RM1.3 million were given to a moneychanger with the name of the recipient left blank, several prosecution witnesses testified today in the money-laundering trial of former deputy prime minister Datuk Seri Ahmad Zahid Hamidi. The witnesses named the moneychanger as one “Omar Ali”, whose… Read More
18th June 2020
The sacked public servant at the centre of one of Western Australia’s biggest corruption scandals has pleaded guilty to hundreds of charges relating to the theft of more than $22 million in taxpayers’ money. Former Department of Communities senior bureaucrat Paul Ronald Whyte entered the pleas in writing because it… Read More
18th June 2020
A number of people have been arrested by police investigating one of South Africa’s most notorious corruption scandals, the looting and collapse of VBS Mutual Bank. VBS, which held the savings of many disadvantaged people and local municipalities, collapsed with more than £100m in debts in 2018. Much of the… Read More
17th June 2020
By Roman Shleynov, OCCRP, 16 June 2020 OCCRP — One day in the summer of 2013, the central Moscow office of Fonbet, Russia’s largest sports betting company, looked like a besieged fortress. Sparks and the smell of burnt metal filled the air. Officers from the anti-corruption directorate of the… Read More
17th June 2020
Four ex-employees and executives of the Industrial and Commercial Bank of China’s (ICBC) Madrid branch reached a plea deal with Spanish prosecutors in a money-laundering case and accepted prison terms of between three and five months. The prosecutor’s office said on Tuesday the accused also agreed to pay a fine… Read More
17th June 2020
Experts and opposition-minded politicians warned during an online conference on Monday (January 15th) of a “huge” risk of corruption in connection with the generous funds the European Commission has proposed to mobilise in response to the coronavirus crisis. The conference, organised by EURACTIV Bulgaria and MEP Radan Kanev (EPP, Democratic… Read More
16th June 2020
Last year, China replaced the United States as the No. 1 importer of oil from Venezuela, yet another front in the heated rivalry between Washington and Beijing. The United States had imposed sanctions on Venezuela’s state-owned oil company as part of a bid to topple that country’s socialist president, Nicolas… Read More