Crown Resorts director says junket operators suspended while possible criminal links reviewed
2nd October 2020
Crown Resorts director says junket operators suspended while possible criminal links reviewed
A New South Wales inquiry into Crown Resorts and its casino licence has heard that Crown has suspended dealings with the 100-odd junket operators who bring high rollers from Asia and is conducting reviews of possible criminal links. Director Guy Jalland agreed that the pause had been mainly prompted… Read More
British Virgin Islands to unmask secret company owners
1st October 2020
British Virgin Islands to unmask secret company owners
The ownership of hundreds of thousands of companies registered in one of the world’s most secretive financial jurisdictions is to be made public for the first time. The British Virgin Islands (BVI) has committed itself to creating a publicly accessible register of company ownership by 2023 in a move welcomed… Read More
‘Significant’ threat of overseas financial crime in Jersey
1st October 2020
‘Significant’ threat of overseas financial crime in Jersey
The threat of financial crime in Jersey by overseas criminals is “significant”, a government report has found. The National Risk Assessment of Money Laundering is the first study of its kind and has been made public by the Government of Jersey. It found there was “no clear expression” on… Read More
Clamping the Wheel of the Money Launderers’ ‘Vehicle of Choice’: Reform of the UK Company Registry
30th September 2020
Clamping the Wheel of the Money Launderers’ ‘Vehicle of Choice’: Reform of the UK Company Registry
What links the Azerbaijani laundromat, the Danske Bank scandal and a fraudulent enterprise run by the Mafia from a caravan park in Lancashire? Aside from the egregious amounts of money involved, the common thread in all of these cases is the use (and abuse) of UK corporate… Read More
French arrest 29 in cryptocurrency scheme to finance jihadis
30th September 2020
French arrest 29 in cryptocurrency scheme to finance jihadis
AP — French police arrested 29 people around the country on Tuesday in a vast operation to break a complex scheme financing Islamist extremists in Syria through the use of cryptocurrencies. A statement from the anti-terrorism prosecutor’s office said search warrants are out for the two main figures in the… Read More
Australia: Delay in tax evasion crackdown is costing the taxpayer billions
29th September 2020
Australia: Delay in tax evasion crackdown is costing the taxpayer billions
The federal government’s glacially slow pace in delivering the tools to combat phoenixing and money laundering has delivered benefits to an unlikely constituency: organised crime. Revenue lost from money laundering, tax evasion schemes and phoenixing of companies – often orchestrated by unscrupulous accountants and lawyers – is costing Australian taxpayers… Read More
Top-secret records show Canadian companies received millions in suspicious transfers
28th September 2020
Top-secret records show Canadian companies received millions in suspicious transfers
Off the coast of Mauritania in northwest Africa, thick black smoke billowed from a massive fishing trawler, trapping the crew on a vessel operated by a Canadian shell company. It was July 19, 2019, and the Ivan Golubets, an imposing vessel comparable to the size of a soccer field, was… Read More
Old school friends in cash ‘laundering web’
28th September 2020
Old school friends in cash ‘laundering web’
As schoolboys, their friendship was cemented while playing in the same rugby team at one of Britain’s most prestigious boarding schools. Since those days at The King’s School in Canterbury, Kirils Pestuns, James Dickins and Daniel O’Donoghue have unwittingly found themselves at the centre of a global network of companies… Read More
‘Major Questions’: FinCEN Leak Sheds Light On The Hidden Money Flows Of Putin’s Russia
25th September 2020
‘Major Questions’: FinCEN Leak Sheds Light On The Hidden Money Flows Of Putin’s Russia
In the summer of 2015, the New York branch of British bank Barclays flagged as suspicious a transfer of $1 million to former Moscow Deputy Mayor Iosif Ordzhonikidze for “consulting services.” The transfer originated with a company called BEM Global Corp., which is controlled by prominent real-estate developer Roman Fuks. Read More
How To Find A Company That Barely Even Exists
24th September 2020
How To Find A Company That Barely Even Exists
BuzzFeed News — With a website claiming more than 200 employees and an office in a business complex in the middle of Singapore, Ask Trading — “a trading and investment company focusing on the Russia/CIS market” — might appear to be a thriving midsize business. But actually it’s… Read More
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