29th December 2020
A Dhaka court has ordered banks to freeze 617 accounts that belong to MP Kazi Shahid Islam Papul and his family members who are facing charges of money laundering and human trafficking. It also ordered the authorities to seize 92 registered properties of Shahid and his family. Judge KM Imrul… Read More
25th December 2020
By David Klein, OCCRP, 23 December 2020 OCCRP — Romania’s Prince Paul-Phillipe al României is a wanted man in his own country after a court sentenced him to almost 3.5 years in prison for corruption. The prince was found to have been involved in the illegal… Read More
25th December 2020
The Enforcement Directorate (ED) has attached assets worth ₹4,109 crore in connection with a Ponzi scam involving ₹6,380 crore collected from over 32 lakh investors in six States. The agency had arrested three promoters of the Agri Gold Group of companies in the case earlier this week. The attached properties… Read More
23rd December 2020
The High Court has ordered that an £11 million London flat believed to be owned by the former prime minister of Mongolia cannot be sold or transferred during an international £185 million corruption and money-laundering investigation. Sukhbaatar Batbold, the prime minister of Mongolia between 2009 and 2012, has been accused… Read More
23rd December 2020
President Trump’s longtime banker at Deutsche Bank, who arranged for the German lender to make hundreds of millions of dollars of loans to his company, is stepping down from the bank. Rosemary Vrablic, a managing director and senior banker in Deutsche Bank’s wealth management division, recently handed in… Read More
23rd December 2020
Pharmacy owners Peter Khaim and Arkadiy Khaimov of Forest Hills, New York took advantage of changes in the Medicare system effected by the COVID-19 pandemic in order to illicitly obtain over $30 million, according to an indictment unsealed Monday by the U.S. Department of Justice. Khaim and Khaimov were able… Read More
22nd December 2020
It is likely that criminals launder “hundreds of millions” of pounds with the inadvertent aid of conveyancers across the UK, the government has warned. There was also evidence of London litigation firms falling victim to money launderers posing as potential new clients based in overseas jurisdictions. In the National Risk… Read More
22nd December 2020
The Specialized Anti-Money Laundering and Terrorist Financing Prosecutor’s Office, together with the Administration and Custody of Seized Assets Unit of the Attorney General’s Office, seized 22 luxury apartments in Boca Chica, acquired with money from the millionaire Ponzi scheme that defrauded some 600 people in Canada. The apartments, which are… Read More
21st December 2020
Luxury London homes are an “attractive method to launder illicit funds”, a government report has said as the National Crime Agency steps up its McMafia-style “dirty money” investigations into suspect funds flooding into the country. The national risk assessment of money laundering and terrorist financing 2020 has upgraded… Read More
21st December 2020
The Bahamas has officially been removed from the Financial Action Task Force’s (FATF) grey list of nations deemed to have deficiencies in their anti-financial crime defenses, the Office of the Attorney General (OAG) announced yesterday. This follows the FATF conducting an on-site visit to the country at the end… Read More