17th July 2020
AP — Former Gambian President Yahya Jammeh used bribery proceeds and stolen government funds to buy a mansion in a suburb of Washington, D.C., U.S. authorities allege in a lawsuit seeking to seize the property. The west African nation’s longtime dictator conspired to launder roughly $3.5 million in “corruption proceeds”… Read More
17th July 2020
By Khadija Sharife and Mark Anderson, OCCRP, 15 July 2020 OCCRP – A South African investment firm linked to the infamous Gupta family of businessmen charged a major state-owned company US$2.8 million for property management services that it never provided, OCCRP has discovered. The services were part of an… Read More
17th July 2020
UBS will no longer be informed or be able to contest customer data the Swiss tax authorities hand over to counterparties in France investigating alleged tax avoidance, a Swiss court said on Wednesday. Switzerland’s Federal Administrative Court upheld a decision to revoke UBS’s position as a party to the arrangements over… Read More
17th July 2020
Tax authorities have investigated 237 cases in connection with the 2016 Panama Papers leak and a further 96 over Swiss Leaks and have so far recouped more than €27.6 million, Finance Minister Edward Scicluna said on Wednesday. Scicluna said €14.2 million was recovered from 163 concluded cases following the Panama… Read More
16th July 2020
The U.S. is moving toward sanctions against energy companies involved in Russian pipelines to Europe and Turkey, escalating a threat to punish allies for pursuing projects that the U.S. argues will only benefit Russia. As Europe’s domestic gas supplies decline, the region is becoming more dependent on imported fuel. The… Read More
16th July 2020
UK officials praised progress by eight British overseas territories to open their company registers to the public by 2023, in a statement Wednesday. The commitments, long-sought by transparency advocates, will permit private citizens to access data on the beneficial owners of companies registered in Anguilla, Bermuda, Cayman Islands, the Falkland Islands,… Read More
16th July 2020
The U.S. imposed sanctions on a network of individuals and entities it claims helped Russian businessman Yevgeniy Prigozhin evade U.S. sanctions. The Treasury Department blacklisted Mr. Prigozhin in 2018 for his alleged involvement in interfering with U.S. elections and the alleged financing of the Internet Research Agency. IRA, a… Read More
16th July 2020
President Donald Trump said Tuesday that he signed legislation to impose sanctions on China in response to its interference with Hong Kong’s autonomy. Trump also said that he signed an executive order ending the preferential treatment that Hong Kong has long enjoyed. “Hong Kong will now be treated the… Read More
16th July 2020
The corporate watchdog’s chief enforcer has promised to expedite its investigation into Westpac’s handling of money laundering breaches as a similar investigation into Commonwealth Bank drags on three years after the scandal was first made public. The Australian Securities and Investments Commission also revealed it was preparing for a wave… Read More
16th July 2020
A long-awaited advisory from the US’ Office of Foreign Assets Control (OFAC) has changed the rules of the game for maritime trade. The sanctions regulator – which sits within the Department of the Treasury and has the power to hand out multi-billion dollar fines to entities anywhere in the world… Read More