13th August 2019
Inquiries from Hongkongers about property in Portugal, the homeland of football superstar Cristiano Ronaldo, have seen an upswing in recent months as wealthy residents and investors clamour for an alternative residency amid escalating political tensions in the city, analysts said. Since its unveiling in 2012, Lisbon’s golden visa scheme has… Read More
13th August 2019
North Macedonia’s new president, Stevo Pendarovski, has demanded that officials return from vacation to continue a corruption investigation. Television channel owner Bojan Jovanovski and an associate were arrested in July for allegedly being bribed by businessman Orce Kamcev, a suspect in a money-laundering probe. Jovanovski and Kamcev allegedly agreed to… Read More
13th August 2019
By Naomi Roht-Arriaza, University of California, Hastings Guatemala’s next leader will be Alejandro Giammattei, a right-wing former national prison director. With 58% of votes, Giammettei beat former first lady Sandra Torres by 16 points in the second round of Guatemala’s election on Aug. 11. It was his… Read More
12th August 2019
The UK’s Serious Fraud Office (SFO) has added fraud charges to its case against three former Barclays executives accused of directing hundreds of millions of pounds to Qatar in return for financing from the Gulf state, according to the Financial Times and Bloomberg. The new charges target Roger… Read More
12th August 2019
Estonian prosecutors said on Friday that last month they had ordered a local court to seize around 2 million euros ($2.24 million) from a bank account belonging to a former Danske Bank employee as part of an investigation into alleged money laundering. The money was sitting in a Latvian bank… Read More
12th August 2019
Mozambique charged 20 people, including the son of former President Armando Guebuza, over a fraud scam in which state-owned companies contracted $2 billion in debt for dubious projects. Legal action may follow against former finance minister Manuel Chang, who Mozambican authorities as well as the U.S Justice Department want… Read More
12th August 2019
Mexico is considering a ban on the use of cash for purchasing gasoline and to pay for tolls as a way to fight tax evasion and money laundering, according to people with direct knowledge of the discussions. The plan, which has been discussed between the banking industry and the government,… Read More
12th August 2019
It was a typically hot Saturday afternoon in Aruba when Rafael González Zambrano thought he had completed a routine operation, one he had been doing for about seven years already. After declaring the goods he was carrying, the Venezuelan-born man with a Dutch passport was escorted to his plane by… Read More
9th August 2019
Pakistan is looking to China and two other developing nations for support in avoiding tough financial sanctions, amid signs it is running out of time to meet global anti-money laundering and counter-terrorism financing standards, according to people familiar with the matter. The government in Islamabad expects it will fail to… Read More
9th August 2019
Lacking resources and organization, authorities in Uruguay are struggling to combat global drug trafficking. The country has become an increasingly important hub for drug smugglers as a result. “Uruguay is not looking too good in this matter,” Enrique Canon, head of Uruguay’s top customs authority, said after the recent discovery… Read More