7th November 2019
One morning in September, Andrei Yegorov woke to discover his bank account was frozen and in the red to the tune of 75 million rubles, almost $1.2 million. Across Russia, opposition activists say hundreds of people have found that they, too, inexplicably are 75 million rubles in the hole—the same… Read More
7th November 2019
New facts unfolded in the case of suspicion of money laundering involving local companies with contracts with the US military, in a story which was published by Al-Qabas last October, where investigations conducted by the security services in cooperation with the US Contracts show the involvement of seven new companies… Read More
7th November 2019
The Latvian government on November 5 supported a Justice Ministry plan to establish a specialized economic affairs court that will start operating as of January 1, 2021. However, Interior Minister Sandis Ģirģens (KPV LV) spoke against the legislative amendments and minister also called for an audit of the judicial sector before… Read More
7th November 2019
In this exclusive interview KYC360 talks to Tom Keatinge, Director of the Centre for Financial Crime and Security Studies at the Royal United Services Institute (RUSI) in London, where his research focuses on matters at the intersection of finance and security, including the use of finance as a tool of… Read More
6th November 2019
Free trade zones (FTZs) present both opportunities and challenges for globalised trade. At their best, they facilitate frictionless trade and manufacturing, creating jobs and economic growth for local communities. At their worst, they enable illicit trade and the laundering of criminal proceeds. In this article, the authors examine how the… Read More
6th November 2019
Although suspicious transactions from Jho Taek Low’s local bank accounts were flagged as early as October 2015, and despite Interpol issuing an arrest warrant for the Malaysian businessman-cum-fugitive a year later, the government never initiated a process to revoke his passport. Daily Politis on Tuesday revealed more information raising a… Read More
6th November 2019
The United Nations (UN) reportedly believes that North Korea is training its most talented young IT talents to become elite cryptocurrency hackers – and thinks Pyongyang is using a fake Hong Kong blockchain company as a front for money laundering schemes. Per South Korean media outlet Chosun, South Korean… Read More
6th November 2019
A lawyer for a Turkish bank accused by the U.S. of aiding an Iranian scheme to evade economic sanctions appeared in a New York courtroom for the first time on Tuesday and said the bank continued to dispute the U.S.’s legal authority over it and planned to seek dismissal of… Read More
6th November 2019
While Chinese companies are feeling the pressure of anti-graft and tax evasion crackdowns at home, some are also facing similar campaigns abroad as African countries try to stamp out corrupt practices. In the past three years, a number of Chinese-owned companies have landed in trouble with investigating agencies for… Read More
6th November 2019
U.S. Treasury Secretary Steven Mnuchin said Exxon Mobil Corp. is warping the definition of “services” to dodge a claim that it violated Ukraine-related sanctions in 2014 by striking a series of oil and gas deals with a powerful ally of Russian President Vladimir Putin. Exxon is using an “overly… Read More