16th October 2020
Twenty people have been arrested as part of an investigation into QQAAZZ, a group that police said had laundered millions on behalf of the world’s most prolific cyber criminals. The arrests, part of a multinational investigation that included police in 15 countries, target a notorious gang of so-called money mules… Read More
14th October 2020
By Šarūnas Černiauskas, Vlad Lavrov and Stas Ivashkevich, OCCRP, 13 October 2020 OCCRP — In December 2010, Alexander Lukashenko celebrated his fourth reelection as the president of Belarus. The fight was far from fair: Lukashenko’s rivals argued that the dictator had abused his power to secure the win. The international… Read More
14th October 2020
The billionaire financier Leon Black, one of Wall Street’s most powerful executives, was facing questions from clients after Jeffrey Epstein was arrested last year on federal sex trafficking charges. The two men had known each other for decades, and investors of Mr. Black’s investment company, Apollo Global Management, wanted… Read More
12th October 2020
AUSTRAC has released a new financial crime guide to help regulated entities in identifying, targeting and reporting suspicious financial activity related to Australia’s illegal wildlife trafficking trade. The financial crime guide was developed by AUSTRAC’s public-private partnership, the Fintel Alliance, with the Department of Agriculture, Water and Environment, drawing on… Read More
9th October 2020
Five cases of suspected money laundering using remittance agents were referred to the police for investigation by the Financial Intelligence Analysis Unit over the past four years. An FIAU analysis released recently shows that between January 2017 and May 2020, remittance agents submitted 98 suspicious transaction reports. Just over a… Read More
7th October 2020
Britain will not be deterred from using anti-graft powers to target foreign oligarchs’ suspected dirty money despite the large cost risk and a recent court setback, a senior police officer has said. Unexplained Wealth Orders (UWOs) were introduced in 2018 to help the authorities target the illicit wealth of foreign… Read More
6th October 2020
Jersey’s population is no bigger than that of Dover. And yet companies and people on the Channel Island invest more money into the UK than those in China or Germany – £112bn a year. It has £1 trillion sitting in its trusts, companies, funds and foundations, according to a report… Read More
6th October 2020
For over a decade, there have been calls in Congress to address shadowy corporate entities, known as shell companies, that are considered a cornerstone of fraud, corruption, and money laundering. These companies help unsavory characters and organizations hide wealth or use the proceeds of crime to buy up legitimate assets… Read More
6th October 2020
A leak of data detailing alleged illegality at a Jersey trust company has revealed how corporate giants HSBC and Liberty Global appear to have failed to adequately investigate concerns over a major fraud after an heiress accused her businessman father of draining millions from trust funds set up to support… Read More
2nd October 2020
Prosecutors in Switzerland and abroad are investigating Swiss banking links to a range of alleged money-laundering and tax-evasion offences from Europe to South America, Asia, the Middle East and Africa. Recently uncovered suspicious transaction reports, made to the US Financial Crimes Enforcement Network (FinCEN), show Swiss banks moving billions of… Read More