Featured Real Estate

Earthly Delights: Religious Groups and Money Laundering in Dominican Republic

By Katya Bleszynka, Insight Crime, 10 May 2021 InSight Crime — Millions of dollars in state funds were allegedly laundered through a religious non-profit in the Dominican Republic, showing how minimal oversight of these faith groups makes them ideal vehicles for embezzlement. On May 10, security… Read More

Ireland: Former developer charged with stealing and laundering €200,000 as part of property registration fraud

A former millionaire developer has been charged with stealing and laundering more than €200,000 as part of a property registration fraud. Businessman Philip Marley (49) appeared in court accused of fraud in the registration of ownership of two Dublin properties, and transferring criminal proceeds. Judge Victor Blake granted him bail and… Read More

Germany’s Dolphin Trust was a pyramid scheme, causing devastation for investors

When it comes to German corporate fraud, Wirecard has been hogging the headlines for a while. But there’s another German company that has plummeted to Earth after a more than €1 billion hole emerged in its accounts. Except unlike with Wirecard, this was money that once… Read More
5th May 2021
Laundering dirty money through luxury purchases made in cash has become a tad harder since cash transactions of €10,000 and higher were made illegal last March. The cash restriction was introduced as part of wide-ranging reforms to combat money laundering. And now the Financial Intelligence and Analysis Unit has set the… Read More
4th May 2021
An anti-corruption group has submitted a legal complaint in France against Lebanon’s central bank governor over foreign investments including property he owns worth millions of euros, two people involved in the filing said on Monday. Sherpa, a non-governmental organisation that defends victims of economic crimes, said in a statement that… Read More
4th May 2021
Over the past few years, the problem of Chinese Underground Banking has grown exponentially across the globe including here in the UK, states the National Crime Agency (NCA). As a form of informal value transfer system (IVTS), Chinese Underground Banking is commonplace within the Chinese community. Involving the transfer of… Read More
29th April 2021
Matthew Page, an associate fellow of London-based Chatham House, an international affairs think tank, has advised investigators to focus on real estate and education sectors, when tracking illicit financial flows and money laundering. He gave the advice in a paper he presented entitled, ‘IFFs through the real estate and education… Read More
28th April 2021
More than half the people granted EU citizenship under Cyprus’s “golden passport” scheme should not have qualified, an inquiry has found. The 6,779 people, most of them Russian, obtained citizenship between 2007 and 2020 by buying property on the island worth at least €2 million, entitling them to receive a… Read More
27th April 2021
Just over 18 square kilometres in size, the paradise island of Bequia (pronounced ‘Bekway’) is off-grid when it comes to most visitors to the Caribbean, except for celebrities and the odd member of the British royal family. But attention is set to be firmly focused on the second-largest island of… Read More
26th April 2021
The Morrison government has walked away from plans to unmask nominee directors, a move experts claim will entrench Australia as a safe haven for laundered money and the proceeds of corruption. Australia committed to introducing a so-called “beneficial ownership register” in 2016 and again in 2018 with expectations the reform… Read More
26th April 2021
In 2014, the firm Henley & Partners prepared to welcome an important person to Malta. The client would arrive by private jet, sweep through the airport’s ministerial lounge and be taken in a S-class Mercedes to Le Méridien St Julien’s, a luxury seafront hotel with a Mediterranean view. Nothing… Read More
26th April 2021
By Sadie Brown, OCCRP, 23 April 2021 OCCRP – Canada released on Monday its 2021 federal budget in which it announced intentions to create a public registry of corporate beneficial ownership, dedicating CAD2.1 million (US$1.68 million) to the development of the project over the next two… Read More
22nd April 2021
Drummoyne MP John Sidoti rejected that he was seriously abusing the democratic process when he sent a councillor a script to read in a public session, which had been written by a planner promoting his family property interests. The two-page document, relating to rezoning that would benefit Mr Sidoti’s family,… Read More