Cyprus officials implicated in plan to sell passport to criminals
13th October 2020
Cyprus officials implicated in plan to sell passport to criminals
Several high-ranking Cypriot officials, politicians, lawyers and real estate developers are implicated in a scheme that allows criminals to buy a European passport using the country’s citizenship through an investment programme, an Al Jazeera investigation has found. In The Cyprus Papers Undercover, Al Jazeera reveals how the country’s highest political… Read More
Feared Shabab Exploit Somali Banking and Invest in Real Estate, U.N. Says
12th October 2020
Feared Shabab Exploit Somali Banking and Invest in Real Estate, U.N. Says
The Shabab, the Somalia-based militant group that is Al Qaeda’s most powerful ally in Africa, is not only collecting millions of dollars in tariffs and payoffs but moving the money through local banks and even investing it in real estate and businesses, according to a new United Nations Security Council… Read More
Malta: Opposition urges introduction of unexplained wealth orders
12th October 2020
Malta: Opposition urges introduction of unexplained wealth orders
Opposition MP Claudio Grech has urged the government to introduce unexplained wealth orders to give the authorities more powers to seize assets potentially financed by criminal activities. While offering its support to the proceeds-of-crime bill being discussed in parliament, Grech told Times of Malta that the bill missed a… Read More
Malta: Five remittance agents investigated for money laundering
9th October 2020
Malta: Five remittance agents investigated for money laundering
Five cases of suspected money laundering using remittance agents were referred to the police for investigation by the Financial Intelligence Analysis Unit over the past four years. An FIAU analysis released recently shows that between January 2017 and May 2020, remittance agents submitted 98 suspicious transaction reports. Just over a… Read More
Pope commits to clean finances amid scandal in backyard
9th October 2020
Pope commits to clean finances amid scandal in backyard
AP — Pope Francis told European anti-money laundering experts Thursday that the Vatican was committed to “clean finance,” as he denounced financial speculation amid a spiraling corruption investigation in the heart of the Holy See. It is rare for a head of state to meet with the Council of Europe’s… Read More
Ireland a ‘soft spot’ for money laundering, says Browder
8th October 2020
Ireland a ‘soft spot’ for money laundering, says Browder
Ireland is a “soft spot” for international money launderers and will continue to be used for nefarious purposes unless action is taken to stop it, UK-based financier and anti-corruption campaigner Bill Browder has said. Mr Browder, who was speaking to UCD’s Literary and Historical Society after receiving its James… Read More
Bolsonaro Declares Brazil Corruption-Free and Ends Carwash Probe
8th October 2020
Bolsonaro Declares Brazil Corruption-Free and Ends Carwash Probe
President Jair Bolsonaro said he’s put an end to the country’s long-running Carwash probe, which has sent hundreds of Brazil’s political and business power brokers to jail, because corruption is no longer an issue in his government. The far-right president, elected in 2018 on a law-and-order platform, said he… Read More
Cost will not deter us going after dirty money, UK police say
7th October 2020
Cost will not deter us going after dirty money, UK police say
Britain will not be deterred from using anti-graft powers to target foreign oligarchs’ suspected dirty money despite the large cost risk and a recent court setback, a senior police officer has said. Unexplained Wealth Orders (UWOs) were introduced in 2018 to help the authorities target the illicit wealth of foreign… Read More
Unexplained Wealth Orders: Suspected money launderer forfeits £10m properties
7th October 2020
Unexplained Wealth Orders: Suspected money launderer forfeits £10m properties
Around £10m of property has been surrendered in a major victory against some of northern England’s most dangerous criminals. The apartments and homes were given up to the National Crime Agency by a Leeds businessman who investigators suspect of being a major money-launderer. The NCA says Mansoor Mahmood Hussain acted… Read More
Nigerians use real estate firms for money laundering – CISLAC
6th October 2020
Nigerians use real estate firms for money laundering – CISLAC
The Civil Society Legislative Advocacy Centre has alleged that some corrupt Nigerians engage real estate firms to conceal illicit funds. The organisation alleged that there had been a consolidation of dirty deals in the real estate sector. The Executive Director of CISLAC, Auwal Musa Rafsanjani, raised the alarm in Abuja… Read More
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