7th September 2020
Cyprus is to start moves to strip seven people of Cypriot citizenship for violating the terms of a passport-for-investment scheme, the island’s president told AFP on Friday. In the past “there were some deficiencies or loopholes in the programme. And that’s why we have adopted so many steps … to… Read More
4th September 2020
Malaysia has dropped criminal charges against units of Goldman Sachs Group Inc. over the bank’s role in the alleged theft of billions of dollars from a government investment fund, a key step under the terms of a recent $3.9 billion settlement. Goldman was the main banker for 1Malaysia Development… Read More
4th September 2020
SWIFT and BAE Systems Applied Intelligence have published a new report describing the complex web of money mules, front companies and cryptocurrencies that criminals use to siphon funds from the financial system after a cyber-attack. SWIFT commissioned BAE Systems to investigate this element of the money laundering process as part… Read More
4th September 2020
The United States on Thursday imposed sanctions on 11 foreign companies, accusing them of helping to facilitate Iran’s export of petroleum, petroleum products and petrochemicals in violation of American sanctions. The Treasury said it slapped sanctions on six companies based in Iran, the United Arab Emirates and China that it… Read More
3rd September 2020
ACAMS Today — The recently released Financial Action Task Force (FATF) paper entitled, “Money Laundering and the Illegal Wildlife Trade” is a call to action for the private and public sectors. The paper reveals that wildlife trafficking and environmental crime bring in excessive profits and are frequently linked to other forms of organized crime… Read More
3rd September 2020
A Venezuelan businessman charged in Miami with laundering millions of dollars from oil contracts was gunned down Tuesday by a motorcycle assassin in Venezuela, according to authorities. Leonardo Santilli died from several gunshot wounds in what police described as a possible professional hit, authorities said. According to press reports, the… Read More
2nd September 2020
By Stevan Dojcinovic, Dragana Peco, Jelena Vasic and Pavla Holcova, OCCRP, 1 September 2020 OCCRP — What do drug traffickers do with the mountains of cash they make supplying Europe’s cocaine habit? For members of Group America, the answer is easy: Spend it on Zlatibor, a mountain resort in… Read More
31st August 2020
Most modern battlefields feature Slobodan Tesic’s merchandise. Since the end of the Yugoslav wars this Serbian arms dealer has played the middleman between post-Communist regimes with gluts of weaponry and failing states slipping into conflict. He has taken ammunition from Belarus to Libya and sold Serbian sniper rifles in Yemen. Read More
31st August 2020
How would you spend £340 ($450)? It’s a lot of money – enough for a haute couture purse from Yves Saint Laurent. It is also the market rate for a kilogram of scales from the world’s most trafficked animal. The story of how the trade of pangolin scales… Read More
31st August 2020
The Enforcement Directorate has frozen Rs 46.96 crore in four bank accounts after raiding 15 locations across Delhi, Gurgaon, Mumbai and Pune after some companies were allegedly found running illegal online betting apps linked to China. The chartered accountants of these firms were also raided, the ED said in a… Read More