13th July 2017
Democratic members of the House Judiciary Committee sent a letter to Attorney General Jeff Sessions on Wednesday asking why the Department of Justice settled a major money-laundering case involving a real-estate company owned by the son of a powerful Russian government official whose lawyer met with Donald Trump Jr. last… Read More
2nd June 2017
Colony NorthStar Inc. Chairman Tom Barrack is accused by Italian prosecutors of conspiring to evade $190 million in taxes in the sale of luxury properties. Barrack denied the claim through an attorney. Read More
2nd June 2017
An Ontario regulator says it will not be disciplining 43 of the 45 mortgage brokers and agents that mortgage lender Home Capital cut ties with over allegations they falsified loan applications. The Financial Services Commission of Ontario said last week it had disciplined a mortgage broker and an agent after… Read More
30th May 2017
The net is closing around a duo of fugitive oligarchs and their kin accused of laundering Kazakh money in posh U.S. real estate — including Trump Organization properties. In a complicated case with potential implications for President Donald Trump’s business empire and associates of the real-estate-developer-turned-president, Switzerland has revealed it… Read More
25th May 2017
This past March 23, singer Alicia Keys headlined the grand-opening party for the Porsche Design Tower, an ultraluxury condominium complex in Sunny Isles Beach built by father-and-son Miami developers (and former Trump business partners) Michael and Gil Dezer. The event was a spectacular display of wealth at the Porsche Tower,… Read More
18th May 2017
The Department of Special Investigation will charge property baron Anant Asavabhokin with money laundering over a highly profitable land sale involving a subsidiary of the embezzled Klongchan Credit Union Cooperative (KCUC). The chief executive of the Land and Houses group is accused over the purchase of 46 rai of land in… Read More
17th May 2017
The UK Criminal Finances Bill received Royal Assent on 28 April, meaning that firms will now face the risk of an unlimited fine and a criminal conviction if any employee facilitates tax evasion. James Siswick, partner, risk consulting at KPMG UK, also warned of reputational damage. He said: “From September,… Read More
16th May 2017
Prevezon Holdings Limited, a Cyprus-based company, agreed on Friday to pay US$5,896,333.65 to the US Treasury to settle a money laundering and civil forfeiture action uncovered by the deceased Russian lawyer Sergei Magnistsky. Sergei Magnitsky Prevezon Holdings, owned by Russian businessman Denis Katsyv, and its subsidiaries were prosecuted in New York for laundering some of the US$230 million stolen by an… Read More
25th April 2017
The Real Estate Agents Licensing Board (REALB) has signed a Memorandum of Understanding (MoU) with the Fiji Financial Intelligence Unit (FIU) to enhance the level of professionalism and integrity within the real estate industry in Fiji. Imperative move FIU Acting Chief Executive Officer Virisila Tuimanu said that the MOU will… Read More
18th April 2017
An Oregon legislative committee has passed a sweeping piece of legislation designed to rein in abusive, anonymous companies. On an 8-0 vote, the House Committee on Business and Labor on Monday moved House Bill 2191 to the Joint Committee on Ways and Means. The vote came roughly… Read More