19th February 2021
By Katie Jones, InSight Crime, 18 February 2021 InSight Crime — Authorities in Madrid have dismantled part of a sophisticated network dedicated to contract killings and transnational money laundering, highlighting the autonomous community’s role as a power base for criminal groups with clear ties to Latin America… Read More
15th February 2021
Hong Kong plans to expand scrutiny on capital flows and transactions by Chinese officials, according to a recent consultation paper on anti-money laundering. The Financial Services and the Treasury Bureau is proposing to implement enhanced due diligence on “politically exposed persons” from anywhere outside Hong Kong instead of outside… Read More
12th February 2021
As one of the world’s biggest oil producers, Venezuela’s government allegedly handed out billions of dollars in energy contracts to an inner circle of politically connected young businessmen, who in turn moved the bulk of their new fortunes to Europe, with some diverting their assets to South Florida. One such… Read More
12th February 2021
When it comes to unexplained wealth orders (UWOs), the UK’s much-vaunted tool to tackle criminal wealth, 2020 was a rollercoaster. It saw the National Crime Agency’s (NCA) first failure to defend in court the issuance of several UWOs against properties owned by a politically connected Kazakh family, but also its… Read More
11th February 2021
By Olesya Shmagun, OCCRP, 10 February 2021 OCCRP — A 33-year-old Russian man who runs no known profitable businesses secretly owns European real estate and other assets worth at least 50 million euros, corporate records from Luxembourg show. Sergey Toni’s properties, which he holds through seven… Read More
4th February 2021
An international migration firm is being investigated for allegedly promoting access to the Vanuatu’s passports without the government’s authority, in the latest controversy to hit the country’s “citizenship-for-sale” program. Vanuatu’s citizenship commissioner, Ronald Warsal, has placed Global-Migrate under investigation after access to the scheme was promoted by its Dubai office… Read More
4th February 2021
Brazil’s Car Wash anti-corruption unit has officially shut down, the end of an era for a team of prosecutors that helped send dozens of Latin American political and business leaders to jail, including several former presidents. The task force, which stemmed from a routine money-laundering investigation into a car wash… Read More
2nd February 2021
OCCRP — Jho Taek Low had billions of dollars, but he was running out of places to put them. By 2015, the Malaysian financier had become the face of the now-infamous 1MDB embezzlement scandal. His theft of billions from Malaysia’s sovereign wealth fund had been widely reported. Read More
22nd January 2021
A Vatican court on Thursday convicted a former senior official at the Vatican bank and his lawyer of embezzlement and money laundering, sending a strong signal that the church was determined to get its financial house in order. The defendants — Angelo Caloia, the president of the Vatican bank for… Read More
22nd January 2021
Latvian bank “SMP bank” played a role in a complex chain of transactions that helped Russian President Vladimir Putin obtain a palatial private residence, according to Georgy Alburov, an associate of Russian opposition figure Alexey Navalny and his Anti-Corruption Foundation (FBK). Alburov made the allegation in an interview with Russian-language public… Read More