21st September 2020
By Tom Stocks, Daniela Castro, Kelly Bloss and Adam Klasfeld, OCCRP, 20 September 2020 OCCRP — Best known for laundering billions of dollars for Iran, notorious gold smuggler Reza Zarrab’s ties to Russia received only passing mention when he was prosecuted in the U.S. in 2016. That was a huge… Read More
18th September 2020
The US Department of Justice (DoJ) has moved to seize $330m (£256m) held in the bank account of a major London law firm which prosecutors allege is derived from the proceeds of one of the world’s largest financial frauds. The DoJ has filed civil forfeiture proceedings against funds… Read More
18th September 2020
The U.S. Justice Department charged two Russian nationals who prosecutors say defrauded three cryptocurrency exchanges and their customers, resulting in losses of at least $16.8 million. Danil Potekhin and Dmitrii Karasavidi were charged in the U.S. District Court in San Francisco with aggravated identity theft, conspiracy to commit computer fraud… Read More
17th September 2020
Zineb Jammeh, the wife of Gambia’s former president, Yahya Jammeh, has been hit with U.S. sanctions for her role in the economic plunder of the tiny West African county during her husband’s 22-year rule, the U.S. Treasury said on Tuesday. Yahya Jammeh stole at least $50 million of state funds… Read More
15th September 2020
The US Treasury Department on Monday issued a final rule imposing anti-money laundering (AML) obligations on institutions that are not overseen by a federal functional regulator, including private banks, non-federally insured credit unions and non-depository trust companies. The final regulation by the department’s Financial Crimes Enforcement Network (FinCEN) formally… Read More
15th September 2020
International perpetrators of genocide and torture, but not corruption, are to face new-model EU sanctions, a leaked document shows. Those guilty of crimes against humanity, slavery, extrajudicial killings, enforced disappearances, and arbitrary arrests will also face EU asset-freezes and visa-bans. And those responsible for human-trafficking, sexual violence, and abuses of… Read More
14th September 2020
Five members of a Hong Kong family accused of laundering more than HK$3 billion through 100 personal bank accounts have been arrested, along with the owner of a money exchange business, a senior customs official said on Monday. According to investigators, the family, which consists of the parents, two sons,… Read More
11th September 2020
Michael Jordan, Sandra Bullock and Paris Hilton holiday there. Justin Timberlake and Janet Jackson wrote lyrics about it. But, last week, the Caribbean island of Anguilla drew attention for other reasons. The paradisiacal tax haven slipped further down a key global transparency index, according to a new report by… Read More
10th September 2020
Register-General Jemima Oware has announced the deployment of a new Central Beneficial Ownership Register for all companies operating in the country. “We will start with the extractive industry and other high risk sectors like banks and other financial institutions,” she noted. According to her, a lack of information about who… Read More
9th September 2020
A new agreement between the U.S. Treasury Department and officials in Delaware could lead to more aggressive enforcement of economic sanctions on nonfinancial companies, particularly those that may seek to hide transactions behind anonymous entities. The Treasury’s Office of Foreign Assets Control, which enforces U.S. sanctions, and the Delaware Department… Read More