25th November 2020
The Swiss financial market regulator FINMA has reprimanded Bank Syz for breaching money laundering rules involving a business relationship with an Angolan client. “FINMA found that the bank did not make sufficient efforts to investigate the substantial growth in the client’s assets,” the financial watchdog said in a statement on… Read More
25th November 2020
Corporate services provider Credence, which featured in an extensive European Investigation Collaborations exposé on tax avoidance in Malta, has been fined €261,000 by the Financial Investigation Analysis Unit for breaches of various money laundering obligations. Credence Corporate Advisory Services is a Maltese law firm which featured in stories on the… Read More
25th November 2020
Former footballers Darren Debono and Jeffrey Chetcuti have spent the night in prison after police carried out a nationwide anti-smuggling sting operation. Law enforcement sources confirmed that a number of raids were carried out between Monday and the early hours of Tuesday morning targeting Debono and a number of his… Read More
25th November 2020
The Council of the European Union on Monday extended until October 2021 the restrictive measures it has imposed on representatives of the separatist regime in Transnistria, banning then from entering EU countries – but observers noted that the list of individuals sanctioned is outdated and includes people who are no… Read More
25th November 2020
The UAE Central Bank will start taking legal action against non-registered Hawala service providers when registration deadline expires on December 2, 2020, after which no Hawala service provider will be allowed to operate in the country. “After the deadline has expired, the Central Bank will impose the necessary legal and… Read More
25th November 2020
Coinfirm, blockchain analytics and anti-money laundering (AML) solutions provider has discovered that the US authorities have failed to identify millions of dollars worth of forked cryptos in criminal seizures over the past few years. In a published report, the company mentioned that missed funds may still be within the… Read More
25th November 2020
Almost two thirds of people in China believe corruption has decreased in their country in the past year, with more than 80% saying the government has done a good job in combating it, a new report has said. The report from Transparency International was based on surveys of almost… Read More
25th November 2020
A woman and her partner, who was rumbled as he left an arsenal of firearms and ammunition that could “arm a small country”, laundered hundreds of thousands of euro in organised crime cash, the Special Criminal Court has heard. Forensic analysis of accounts linked to Carol Davis (45) revealed that… Read More
25th November 2020
Justin Smith has been hit with a one-two punch of bad luck. First, the Toronto man was duped by a job scam that made off with $3,000. Then his longtime bank, Tangerine, helped itself to money Smith had in his tax-free savings account to recoup what it had lost in… Read More
24th November 2020
By Pierre Dupont, Roshanak Taghavi and Kira Zalan, OCCRP, 23 November 2020 OCCRP — The Bongo family has ruled Gabon for over five decades — and for nearly as long, they have been accused of looting their nation’s wealth. Authorities in France and the U.S. have over the years investigated… Read More