20th February 2020
Eight businessmen and two entities have been added by the EU and UK to sanctions lists. The EU and Britain have imposed sanctions on eight Syrian businessmen and two companies linked to the regime of President Bashar Al Assad. On Monday the EU announced it would apply the sanctions on… Read More
20th February 2020
Civil society organizations urged the participants of a conference on combating money laundering to insist on the establishment of a public register that would show who owns which company in which country. Representatives from 205 countries and jurisdictions are meeting this week in Paris to discuss global action that can… Read More
20th February 2020
Many art dealers in the UK were blindsided when new regulations designed to crack down on money laundering were rushed into effect last month. The new rules require dealers to register with the government, officially verify client identities, and report any suspicious transactions. Failure to do so, and to keep… Read More
20th February 2020
European Union finance ministers added Panama, the Seychelles, the Cayman Islands and Palau to the EU’s blacklist of tax havens, while giving Turkey more time to avoid being listed, an EU document said on Tuesday. The list, which was set up in 2017 after revelations of widespread tax evasion and… Read More
19th February 2020
By Matteo Civillini, Giulio Rubino, Cecilia Anesi, Investigative Reporting Project Italy (IRPI) OCCRP — Fabio Castaldi is surprisingly hard to find in London for a man who has registered hundreds of companies there. He supposedly runs a tax consultancy out of a co-working space in Moorgate, in the city’s central business… Read More
19th February 2020
Vatican police raided the home and office of a senior Catholic Church official on Tuesday, seizing documents and computers in the latest phase of an investigation into the purchase of luxury London real estate. The raid targeting Monsignor Alberto Perlasca followed the suspension last year of five Vatican employees, the… Read More
19th February 2020
U.S. prosecutors overlooked apparent violations of U.S. sanctions against Iran by HSBC Holdings in exchange for the British bank’s cooperation with a government investigation of Huawei Technologies, lawyers for the Chinese telecoms giant said. “The government agreed to overlook HSBC’s continued misconduct, electing not to punish the bank, prosecute its… Read More
19th February 2020
ABN Amro has more than 2,000 people working full-time on tracing fraud, money laundering and other financial crime, chief executive Kees van Dijkhuizen said at the presentation of the bank’s annual results on Wednesday. The total, around 9% of the workforce, is twice the number of financial crime investigators employed… Read More
19th February 2020
The Trump administration on Tuesday stepped up its pressure campaign against the Maduro regime in Venezuela by blacklisting the trading brokerage owned by Russia oil giant Rosneft that the U.S. says has been helping Caracas export crude. In sanctioning the Swiss-registered Rosneft Trading SA, the administration warned that anyone… Read More
19th February 2020
A former client of the law firm Mossack Fonseca on Tuesday became the first individual to plead guilty in the U.S. to charges stemming from a trove of leaked documents that became known as the Panama Papers. Harald Joachim von der Goltz, a former U.S. resident, pleaded guilty in a… Read More