10th November 2020
The ink was hardly dry on a written pledge to stamp out “unfettered cronyism” at regional rail operator V/Line when then-chief executive James Pinder secretly offered a job with a salary exceeding $200,000 to a mate. “For you brother, everything is possible,” Pinder wrote to Metro’s operational fleet manager Peter… Read More
9th November 2020
The Enforcement Directorate (ED) on Saturday said it has conducted searches in a money laundering complaint linked to an alleged land grab and cheating case in Goa. It said the raids were carried out against former Attorney of Comunidade of Serula Angelo C Lobo, his brother Reginaldo Lobo and former… Read More
6th November 2020
Chuang Chou-wen (莊周文), a billionaire chairman of a financial holding headquartered in Taichung, Taiwan, has been arrested for his alleged connection to illegal gambling and money-laundering, and as of Wednesday (Nov. 4), he was being held in Changhua, Taiwan. Chuang, the chairman of Xin Li Wang Intl. Holding Group (新力旺國際控股集團),… Read More
5th November 2020
Police have arrested nine people in a raid today targeting money laundering in Auckland. Officers targeted a company operating as a foreign exchange and money transfer service. Police seized assets worth more than $6 million, including eight properties and seven luxury cars. The properties are in central Auckland, Albany and… Read More
4th November 2020
OCCRP — In what must have been one of the most aggressive reactions to being featured in the Panama Papers, Turkish multi-millionaire Mehmet Cengiz dialed up a Turkish newsroom to threaten the journalists who worked there. “You put my face on the front page — have you no… Read More
4th November 2020
Deutsche Bank AG DBKGn.DE is looking for ways to end its relationship with President Donald Trump after the U.S. elections, as it tires of the negative publicity stemming from the ties, according to three senior bank officials with direct knowledge of the matter. Deutsche Bank has about $340 million… Read More
3rd November 2020
The International Compliance Association’s BIG Compliance Festival concluded on a high note last week as financial crime expert and Compliance Week columnist Martin Woods sat down with Dr. Marcus Pleyer, president of the Financial Action Task Force (FATF), for an exclusive interview. In a wide-ranging and forward-looking discussion, Pleyer emphasized… Read More
3rd November 2020
Mark Scott, famously known as the lawyer who defended the infamous OneCoin ‘CryptoQueen’ scammer, was officially disbarred in New York State on Friday. The case record states that Scott was convicted of two federal felonies related to the OneCoin case, including conspiracy to commit money laundering and conspiracy… Read More
30th October 2020
The Federal Court has heard allegations Perth businessman Chris Marco ran a Ponzi scheme of “significant proportions” which left his investors $2.1 billion short of what they could have earned if he had delivered on his promises. The corporate watchdog wants Mr Marco’s investment schemes — run through businesses including… Read More
30th October 2020
Criminals are using real estate transactions to launder dirty money in the Philippines, a top official of the Anti-Money Laundering Council revealed. AMLC Executive Director Atty. Mel Racela confirmed this during a Senate hearing on Wednesday after lawmakers asked him why real estate developers and brokers should report cash transactions… Read More