4th February 2020
Danish police have seized the central London mansion of a multimillionaire British businessman accused of defrauding Danish taxpayers of £1.5 billion. A spokesman for Sanjay Shah, a former hedge fund boss, confirmed that his £14.7 million property near Hyde Park had been expropriated. Mr Shah lives in Dubai. Yesterday… Read More
4th February 2020
Fallout from the Airbus bribery scandal reverberated around the world on Monday as the head of one of its top buyers temporarily stood down and investigations were launched in countries aggrieved at being dragged into the increasingly political row. Airbus agreed on Friday to pay a record $4 billion in… Read More
4th February 2020
Rosmah Mansor, the wife of former Malaysian Prime Minister Najib Razak, did not show up on the first day of her corruption trial on Monday, saying through her lawyer that she was too unwell to attend court. The prosecution on Monday rejected Rosmah’s call for an adjournment of the… Read More
4th February 2020
In the criminal case on laundering EUR 50 million in the to-be-liquidated ABLV Bank, a procedure has been launched also against the bank’s shareholder and former board chairman Ernests Bernis, according to Latvian public television’s morning news program De Facto. Bernis told law enforcement institutions that he knows nothing about… Read More
4th February 2020
The country’s top white collar crime investigator has attacked “antiquated” fraud laws which stop her bringing culprits to justice. Lisa Osofsky, director of the Serious Fraud Office (SFO), called for a legal shake-up after she helped secure a record-breaking €3.6bn (£3bn) global settlement with Airbus over long-running corruption allegations. Known as… Read More
4th February 2020
A federal appeals court granted a temporary halt in the U.S. prosecution of Turkish lender Halkbank over sanctions violation charges while it weighs other requests by the bank. Halkbank had previously sought to pursue a dismissal of the case without entering a plea on the charges. A judge denied… Read More
4th February 2020
Brexit is complete-ish and the United Kingdom has moved into the transition period of its departure from the European Union at the end of the year. Companies with UK sanctions obligations will still be required to follow EU policies through December 31st, and even then, differentiations between OFSI lists… Read More
3rd February 2020
The U.S. lifted sanctions against a unit of China’s biggest shipping company that was accused of hauling Iranian crude in violation of American restrictions. According to a notice posted on the Treasury Department’s website Friday in Washington, sanctions were removed. In September, restrictions were placed on the Dalian units… Read More
3rd February 2020
In Uralsk, a historic border town in northwestern Kazakhstan and a key checkpoint on the way to Russia, trucks with Kyrgyz license plates form a permanent bottleneck as they await inspection, sometimes for weeks. The drivers know that if a customs official can’t find their licenses or shipping documents in… Read More
3rd February 2020
Another three people have been arrested in connection with last year’s €13 million Bank of Valletta cyber heist, after €950,000 was funneled through an account in Northern Ireland. Friday’s announcement by the UK’s National Crime Agency follows the arrest of three other men in Belfast and London earlier this week. Read More