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COVID-19 has transformed Somaliland’s remittance lifeline

By Mark Bradbury, Mohamed Aden Hassan, Ahmed M Musa and Nauja Kleist, openDemocracy, 19 April 2021 openDemocracy — In April 2020, when the effects of the COVID-19 pandemic were first beginning to be felt, the World Bank projected that remittances to low-… Read More

How the Kremlin provides a safe harbor for ransomware

AP — A global epidemic of digital extortion known as ransomware is crippling local governments, hospitals, school districts and businesses by scrambling their data files until they pay up. Law enforcement has been largely powerless to stop it. One big reason: Ransomware rackets are dominated by… Read More

EU Releases 2021 Serious Organized Crime Threat Assessment

By Sadie Brown, OCCRP, 14 April 2021 OCCRP — The European Union released on Monday a detailed report it publishes every four years outlining current and future threats serious and organized crime can pose to the EU, according to a press release. This year’s EU Serious… Read More

14th April 2021

Venezuela government wants to use funds frozen in the U.S. to pay for vaccines

Venezuela’s government wants funds frozen in the United States to be put toward paying for coronavirus vaccines and will keep working with the opposition to negotiate this payment, the head of the government-controlled legislature said on Tuesday. Allies of opposition leader Juan Guaido have for months been in talks with… Read More

1st April 2021

Leading GOP Senator Calls for Probe of Avantor Sales in Mexico

A top Republican lawmaker said he will press the Senate to investigate Avantor Inc. and other companies that sold internationally controlled drug-making chemicals into Mexico’s “unregulated and corrupt market” amid a narcotics epidemic in the U.S. Texas Senator John Cornyn, who serves on both the Judiciary Committee and the… Read More

1st April 2021

Latin America Elites Seek Corrupt Access to Vaccines

The seizure in Mexico of COVID-19 vaccine smuggled aboard a private plane linked to a Honduran textile magnate marks the first instance of alleged transnational vaccine smuggling in Latin America — in a mysterious case that betrays a pattern of clandestine deals between economic and political elites keen to access… Read More

31st March 2021

More German Politicians Resign over Face Masks Bribery Scandal

By Juliet Pineda, OCCRP, 31 March 2021 OCCRP — Another German politician joined the list of suspects in a corruption scandal involving the procurement of COVID-19 face masks that has rocked the country’s conservatives and prompted the Bundestag to introduce a lobby register. Niels Korte withdrew… Read More

29th March 2021

World Bank blacklists shell firm NovoLine Resources for ‘fraud’

The World Bank has blacklisted an anonymously owned Scottish shell company after exposing “fraudulent practices” in an emergency medical aid programme. In the latest blow to British corporate governance, the lender has banned Edinburgh-registered NovoLine Resources LP from bidding in its procurement processes for three and a half years. The… Read More

29th March 2021

Feds spotlight Miami as capital of COVID-19 fraud, from business to employee benefits

A year ago, Congress agreed to spend hundreds of billions of dollars on benefits for small businesses and employees devastated by the coronavirus pandemic. Of course, the government’s handout helped the struggling economy. But it also opened the door for a menagerie of con artists to fleece the federal relief… Read More

Covid-related fraud has cost Americans $382 million

25th March 2021

Fraud linked to the Covid pandemic has cost Americans $382 million, according to the Federal Trade Commission. As of Tuesday, more than 217,000 people had filed a coronavirus-related fraud report with the agency since January 2020, according to federal data. The median loss was $330. However, losses skewed higher for… Read More

15th March 2021

Global Fund indicts, blacklists Nigerian firm over alleged $3 million fraud

A Nigerian firm, Zenith Carex, has been blacklisted by Global Fund for an alleged $3 million fraud. Zenix was accused of systematically inflating invoices for the distribution of health commodities to warehouses and health facilities throughout Nigeria. In its latest report published March 9, the Office of the Inspector… Read More

11th March 2021

Money launderers ‘prey on generation Covid’

More than four in 10 cases of money mules involved victims aged 21 to 30, with the numbers rising last year, fraud prevention service Cifas said. Banks said criminals posted fake job adverts on social media, targeting “generation Covid” struggling for work. It is part of a wider trend of… Read More

9th March 2021

Trinidad & Tobago: FIU uncovers $27B in suspicious transactions

A total of 1,831 Suspicious Transaction and Suspicious Activity reports worth $27 billion were received over 2019 to 2020 by the Financial Intelligence Unit of Trinidad and Tobago – the most it has received in its 10-year history. The increase has been attributed to increased fraudulent activity – including resulting… Read More

Must Read

Cross-border drug trafficking cases nearly doubled in four years – EU agency

COVID-19 has transformed Somaliland’s remittance lifeline

CEO Debacle at Danske Bank Draws Warning From Shareholders

India’s Adani Faces Scrutiny for Port Deal in Myanmar

Singapore: Syndicate member behind S$2.5m cross-border investment scam gets jail