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21st February 2020

Mexico Investigating Ex-President Enrique Peña Nieto

Mexican law-enforcement officers are investigating former President Enrique Peña Nieto as part of the country’s highest-profile corruption case in years, a senior Mexican judicial official said. The probe into the former leader is part of a broad case against Emilio Lozoya, the former head of state-run oil company Petróleos Mexicanos. Read More

21st February 2020

Former Danish social worker convicted of massive fraud

A former employee of Denmark’s social services was sentenced to six and half years in prison on Tuesday for embezzling millions in funds, meant for people in need, over decades. Britta Nielsen, 65, was accused of diverting 117 million Danish kroner (15.7 million euros) between 1993 and 2018 from the… Read More

21st February 2020

Kuwaiti parliament to investigate Airbus aircraft orders

Kuwaiti lawmakers agreed on Wednesday to set up a committee to look into whether Airbus’s aircraft orders from the Gulf Arab state involved alleged corruption, the state news agency reported. Governments and airlines around the world have launched their own investigations after Airbus on Jan. 31 reached a record $4… Read More

21st February 2020

UAE regulator to investigate Pakistan bank for money laundering

The United Arab Emirates’ central bank is investigating Pakistan’s largest bank to ascertain if it violated anti-money- laundering and terrorism-financing laws, the regulator said on Wednesday. The inquiry comes as Pakistan is under examination by a Paris unit of the Financial Action Task Force, a global financial watchdog, for not… Read More

20th February 2020

Prosecutors raid Lime, Shinhan Investment in misselling probe

Financial Supervisory Service (FSS) says nearly half of troubled funds sold through commercial banks Prosecutors on Wednesday raided the headquarters of Lime Asset Management and Shinhan Investment, as part of a probe into alleged misselling of hedge funds that could cause losses of more than 1 trillion won ($845 billion). Read More

20th February 2020

Cayman Islands tops ranking of money hideouts

British overseas territory the Cayman Islands, the United States and Switzerland do most to help the globe’s richest citizens hide and launder money, according to a ranking published on Tuesday by a group pushing for reform. The study by the Tax Justice Network tests how much countries’ legal and financial… Read More

20th February 2020

Turkey Faces Tax Blacklist If No Changes to Policy, Austria Says

Turkey has until the end of the year to comply with European Union demands on tax transparency, or else risk being added to a list of countries that could face financial sanctions, according to Austrian Finance Minister Gernot Blüemel. The EU’s 27 finance ministers meeting in Brussels determined that Turkey… Read More

20th February 2020

Myanmar set to be placed on global money laundering watchlist

Myanmar is set to be placed on a watchlist by a global finance watchdog this week, amid concerns of money-laundering by transnational drug traffickers and weak regulation of its financial system, two sources familiar with deliberations said. A decision to put Myanmar on the “gray list” by the Paris-based Financial… Read More

20th February 2020

UK experts join MFSA’s management team

Three UK nationals with vast experience in the UK financial services market (within the Bank of England, Financial Conduct Authority and the private sector) are set to take up, in the coming weeks, a number of senior positions within the MFSA’s supervisory area namely banking supervision, financial crime compliance and… Read More

20th February 2020

Australia’s Westpac flags earnings downgrades after lawsuit, bushfires

Australia’s Westpac Banking Corp said on Wednesday its 2020 profit would be hit by a rise in costs related to improving risk management systems in the wake of a money-laundering scandal and the country’s deadly bushfires. Westpac, which previously expected a 1% increase in costs for the year, said those… Read More

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How Isabel Dos Santos Went Shopping In Mauritius For Shell Companies, Secrecy And A Tax Dodge

How Nigeria’s Buhari administration planned to transfer $110 million in Abacha loot to Bagudu

Melco under regulatory scrutiny on three continents over money laundering, bribery concerns

A Private Bank That Survived the Nazis May Be Broken by German Tax Scandal

Football agents investigated by Spanish police over ‘ghost transfers’