11th February 2020
The son of Equatorial Guinea’s leader and its vice president, notorious for his colourful lifestyle and lavish spending, was handed a three-year suspended jail sentence and a €30m (£25m) fine for graft by a Paris court on Monday, confirming his guilt in one of a string of high-profile “ill-gotten gains”… Read More
11th February 2020
Border crime gangs are using cash-strapped farmers to help launder their ill-gotten gains, it has been claimed. Money laundering on the Border has reached epidemic levels and with Brexit on the horizon police, customs and tax authorities believe the money transfer business is set to explode further. However, it has… Read More
11th February 2020
In a downtown Athens building, a group of young Chinese women lounge on plush velvet couches, whispering in Mandarin while two young men at the bar sip complimentary espresso speaking Arabic. The former bank branch in the Greek capital’s Syntagma Square looks like the lobby of a five-star hotel with… Read More
11th February 2020
Businesses looking for cash from Saudi Arabia’s $300 billion sovereign-wealth fund, one of the world’s most influential investors, have found it helps to enlist a former reality-TV producer from Sarasota, Fla. Carla DiBello, 35, has become a high-profile figure in Saudi Arabia’s investment scene for her connections with the… Read More
11th February 2020
AP — Prosecutors opened what some are calling Ecuador’s trial of a century Monday against former President Rafael Correa and 20 other high-ranking politicians and business leaders accused of operating a multimillion-dollar bribery scheme. If convicted, the man who ruled Ecuador for a decade could be barred from running for… Read More
11th February 2020
After fighting the CBC for nine years over the release of money laundering records, the B.C. Lottery Corporation is finally relenting. After three trips to court, a full hearing before B.C.’s information and privacy commission, and another hearing coming up, the lottery corporation now plans to go to court to get… Read More
10th February 2020
A nine-year-old payment in Papua New Guinea is threatening to derail the Australian-listed Horizon Oil, after it repeatedly ignored corruption warnings and paid $US10.3 million ($15.4 million) to an unknown shell company. Lawyers working on the 2011 deal flagged links to PNG’s then petroleum minister William Duma and warned an… Read More
10th February 2020
The government has launched a consultation on creating up to 10 freeports with special tariff and duty status – an idea ministers argue will fuel growth but critics say could encourage money laundering and other crimes. The government said it was firmly committed to announcing locations this year so that… Read More
10th February 2020
A German businessman charged with evading U.S. taxes as part of an investigation sparked by a trove of leaked documents known as the Panama Papers will plead guilty, federal prosecutors said. Harald Joachim von der Goltz, a former U.S. resident who was indicted along with three others in 2018… Read More
10th February 2020
An investigation has been opened targetting Belgian Prince Henri De Croÿ’s alleged tax evasion network, which he is accused of using to help funnel millions in funds into tax havens. Finance Minister Alexandre de Croo confirmed that the Special Tax Inspectorate (ISI) was building up files on taxpayers whose names… Read More