25th February 2020
State-run PDVSA has shifted several oil cargoes from Rosneft Trading SA, which was hit by U.S. sanctions last week, to another affiliate of the Russian oil giant, internal documents from the Venezuelan company showed, prompting the U.S. special envoy to warn that more firms could be penalized if they “play… Read More
25th February 2020
By Pavla Holcová and Arpád Soltesz OCCRP — For years, Marian Kočner was one of the most wealthy and powerful businessmen in Slovakia, a man whose connections with judges and prosecutors made him virtually untouchable, and whose extravagance made him a frequent fixture in local tabloids. Today, the middle-aged businessman’s craggy face… Read More
25th February 2020
Russia has a rising business star in Aleksandr Udodov, an entrepreneur whose apparent success is driven by savvy investments, financial smarts, and a sense of patriotism. At least that is the picture painted by a sudden series of articles in Kremlin-friendly media outlets about Udodov, owner of an agricultural company… Read More
25th February 2020
The Department of Finance refused a request to extend the deadline for the registration of beneficial ownership, following a request by the law firm McCann Fitzgerald. Beneficial ownership refers to anyone who enjoys the benefits of ownership of a security or property, without being on the record as being the… Read More
25th February 2020
Three units of Goldman Sachs (GS.N) pleaded not guilty to charges of misleading investors regarding $6.5 billion in bond sales that the U.S. investment bank helped raise for state fund 1Malaysia Development Berhad (1MDB), Bernama state news agency reported on Monday. The U.S. Department of Justice estimates $4.5 billion… Read More
25th February 2020
Former Armenian president Serzh Sarkisian on Tuesday goes on trial charged with corruption, nearly two years after he was ousted from power by a popular uprising following a decade in office. Sarkisian, who dominated Armenia in two consecutive terms as president from 2008, resigned in 2018 when his plan to… Read More
25th February 2020
Digital bank Revolut mistakenly froze the accounts of a French company, trapping thousands of euros, in a blunder that has raised questions over its compliance processes as it grows at breakneck speed. Priorité Energie, which helps low-income families in Paris to insulate their homes under a government initiative, was told… Read More
24th February 2020
An international financial watchdog placed Myanmar on its money-laundering watchlist on Friday, urging the country at the heart of Asia’s illicit drug-producing “Golden Triangle” to boost its efforts to seize crime proceeds. The decision by the Financial Action Task Force (FATF) to include Myanmar on its “grey list”, which Reuters… Read More
24th February 2020
Pakistan has escaped being placed on a global financial blacklist after making sufficient progress toward improving its controls on money laundering and terrorist financing. The Financial Action Task Force urged the nation to swiftly complete its full action plan by June, following a week-long meeting of the group in Paris. Read More
24th February 2020
Iran is facing long-term financial isolation under new sanctions levied by the global terror-finance watchdog Friday, sending a stout warning to Pakistan, which was given additional time to put its own house in order. The Financial Action Task Force’s action against Iran was made more permanent by a little-noticed clause… Read More