14th September 2020
Brazilian authorities blocked assets worth 230 million reais ($43 million) as part of a probe into drug trafficking and money laundering in two countries, according to a statement from Brazil’s federal police on Friday. Some 42 properties, two farm estates, 75 vehicles, boats and aircraft were being seized in Brazil,… Read More
14th September 2020
B.C. Supreme Court has stipulated that a Mexican businessman must produce documents within 30 days in a B.C. forfeiture case. The case involves two Kelowna-areas properties the province alleges were used to launder money linked to a $200-million plus international stock fraud. Following the consent of the parties, the court… Read More
11th September 2020
A former SNC-Lavalin executive who was convicted on corruption and fraud charges last year has had over $4 million in assets seized by a Quebec Superior Court judge, including a million-dollar property in Florida. Sami Bebawi, who was sentenced in January to eight years and six months in prison… Read More
10th September 2020
Angola’s attorney general has seized buildings and hotels belonging to AAA, a company associated with Carlos Manuel de São Vicente whose $900 million fortune has been frozen by Swiss authorities, state broadcaster TPA reported on Tuesday. De São Vicente was a key figure in Angola’s oil industry, heading a group… Read More
8th September 2020
The family of a Belarusian businessman believed to have links to President Lukashenko have bought London property worth millions of pounds through a web of offshore companies, The Times can reveal. Vladimir Peftiev, one of Belarus’s richest men and the former head of an arms company, has appeared in television… Read More
8th September 2020
Swiss banks first surfaced as handlers of illicit Venezuelan oil money in 2016, when U.S. Attorney Preet Bharara sought records from more than 18 of them on of bribery at PDVSA, a state-owned oil and natural gas company. Precisely two weeks later, Switzerland’s financial regulator built its annual meeting… Read More
4th September 2020
The stepson of Malaysia’s former prime minister will forfeit assets worth more than $60 million that he purchased using funds embezzled during the multibillion-dollar looting of a Malaysian state investment fund, the Justice Department announced Wednesday. The 1Malaysia Development Berhad fund, or 1MDB, was established in 2009 by then-Prime Minister… Read More
4th September 2020
Federal police have seized properties and cash worth $1.6 million over an alleged scheme to use the Melbourne property market to funnel millions of dollars of funds from a Malaysian government entity to corrupt officials. The seized properties and funds in bank accounts were owned by Australian property developer Dennis… Read More
2nd September 2020
By Stevan Dojcinovic, Dragana Peco, Jelena Vasic and Pavla Holcova, OCCRP, 1 September 2020 OCCRP — What do drug traffickers do with the mountains of cash they make supplying Europe’s cocaine habit? For members of Group America, the answer is easy: Spend it on Zlatibor, a mountain resort in… Read More
2nd September 2020
Chinese authorities are getting more serious about fighting money laundering. Regulators in the country received a wake-up call in 2019 when the international Financial Action Task Force on money laundering highlighted flaws in China’s system. Later that year, several Chinese lawmakers submitted proposals to amend the nation’s 13-year-old anti-money laundering… Read More