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Europe’s COVID-19 Spending Spree Unmasked

By Adriana Homolova and Dada Lyndell, OCCRP, 21 October 2020 OCCRP — As countries across Europe went into lockdown earlier this year to fight the COVID-19 pandemic, there was one early and obvious casualty: transparency. In the rush to obtain critical supplies, many countries suspended their usual public procurement… Read More

Mr. HispanoPreneur: The Man Behind Honduras’ $47-Million Coronavirus Disaster

It was early July when David Velásquez, then 29, started to feel the aches and fever that made him suspect he had caught COVID-19. His brother, José, rushed him to one of Honduras’ emergency centers for virus testing and treatment, but all he found was chaos. “The disorganization was tremendous,”… Read More

FinCEN Director Discusses COVID-19 Fraud Schemes, Suspicious Activity Reports

U.S. financial institutions have filed more than 91,000 SARs on potentially illicit payments related to the novel coronavirus pandemic since February, Ken Blanco, director of the Financial Crimes Enforcement Network, said Tuesday. The bureau has also received “hundreds of inquiries” related to anti-money laundering compliance issues during the pandemic, including… Read More

1st October 2020

U.S. sanction plan for Iran would imperil drug, food imports

A U.S. proposal to almost totally sever Iran from the global financial system could sharply hinder its ability to secure supplies of food and drugs as it struggles to contain a resurgence of the worst coronavirus outbreak in the Middle East. The Trump administration is considering targeting more than… Read More

15th September 2020

First glimpse of new EU human rights sanctions

International perpetrators of genocide and torture, but not corruption, are to face new-model EU sanctions, a leaked document shows. Those guilty of crimes against humanity, slavery, extrajudicial killings, enforced disappearances, and arbitrary arrests will also face EU asset-freezes and visa-bans. And those responsible for human-trafficking, sexual violence, and abuses of… Read More

15th September 2020

Malta: Vitals investor chases Steward for $5 million in London courts

Steward Healthcare is facing a $5 million claim in a London court from an American investor who loaned Vitals Global Healthcare millions in their initial bid to obtain the controversial hospitals privatisation in Malta. A London court will allow Steward to defend its case against the claim made by medical… Read More

7th September 2020

Moneyval Outlines Money Laundering Risks of COVID-19 Pandemic

The Council of Europe’s Moneyval Committee published new findings Thursday on the emerging financial-crime risks stemming from the COVID-19 pandemic, including fraud schemes linked to medical and protective equipment. The report concluded that, while the overall level of criminality has remained stable since the beginning of the pandemic, countries are… Read More

1st September 2020

Covid corruption is rife in South Africa as confidence is washed away

Two new words have entered the South African lexicon — “plundemic” and “covidpreneur” capture a cynical response to the coronavirus emergency. A more vivid label for the allegations of sleaze linked to the procurement of emergency supplies by President Ramaphosa’s government came from the director-general of the World Health Organisation. Read More

28th August 2020

Ransomware has gone corporate—and gotten more cruel

“We created DarkSide because we didn’t find the perfect product for us,” reads the launch announcement. “Now we have it.” It’s a line that could come out of any number of VC-friendly pitch decks, but DarkSide is no startup. It’s the latest strain of ransomware built to shake down… Read More

28th August 2020

Pressure mounts to disband Brazil’s crack anti-corruption squad

Political pressure is growing in Brazil to disband a high-profile team of anti-corruption prosecutors that has put dozens of former executives and politicians behind bars, despite its strong popular support and hundreds of cases still pending. Prosecutor General Augusto Aras will decide on Sept. 10 whether to renew for another… Read More

14th August 2020

Ex-Ecuadorian President detained in new criminal probe

Police have detained former Ecuadorian President Abdala Bucaram for the second time in two months, this time in an organized crime probe. Ecuadorian Interior Minister Maria Paula Romo told a local radio station that Bucaram was arrested at his home in the port city of Guayaquil on Wednesday as part… Read More

10th August 2020

Payments fraudsters spy Covid-19 opportunity in strained supply chains

In March, Interpol revealed details of a criminal scheme involving compromised emails, advance-payment fraud and money laundering across Germany, Ireland and the Netherlands. The case involved two sales companies in Zurich and Hamburg, contracted by German health authorities to procure face masks, that were duped into making payments to what… Read More

5th August 2020

South African anti-corruption watchdog probes COVID-19 tenders

South Africa’s anti-corruption watchdog said on Monday it was investigating irregularities in coronavirus-related tenders, the latest in a series of scandals that trade unions said showed the government’s failure to tackle graft. The probes by the Public Protector come soon after investigators launched separate inquiries into the procurement of personal… Read More

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