30th September 2020
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
29th September 2020
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
28th September 2020
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
28th September 2020
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
25th September 2020
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
24th September 2020
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
24th September 2020
A British parliamentary committee that scrutinizes financial affairs has asked the government and securities regulator to look into reports that the U.S. considers the country a “higher risk” jurisdiction for money laundering and economic crime. In one of the first responses by U.K. politicians to leaked U.S. regulatory documents, Mel… Read More
24th September 2020
Hong Kong customs has arrested the director of a possible shell company on suspicion of laundering HK$400 million (US$51.6 million) through eight bank accounts over the past two years. Her capture was the result of a follow-up investigation into a family of five accused of laundering more than HK$3 billion… Read More
22nd September 2020
By Simon Bowers, Karrie Kehoe and Holger Roonemaa, ICIJ, 21 September 2020 ICIJ — The Estonian banker was frantic: A whistleblower inside the bank suspected nine anonymous companies — all registered in the United Kingdom — of serious financial crimes and was threatening to go to authorities. “The whistleblower demands… Read More
22nd September 2020
Over the past decade, ING Bank has carried out billion-dollar transactions for companies from one of the largest Russian money laundering networks ever exposed. This puts the bank in a similar position to Deutsche Bank and Danske Bank, whose involvement in the network has previously been exposed. The German bank… Read More