FinCEN Files: Sanctioned Putin associate ‘laundered millions’ through Barclays
21st September 2020
FinCEN Files: Sanctioned Putin associate ‘laundered millions’ through Barclays
One of Vladimir Putin’s closest friends may have used Barclays Bank in London to launder money and dodge sanctions, leaked documents suggest. Billionaire Arkady Rotenberg has known the Russian president since childhood. Financial restrictions, or sanctions, were imposed on Mr Rotenberg by the US and the EU in 2014,… Read More
Secret documents show how North Korea launders money through U.S. banks
21st September 2020
Secret documents show how North Korea launders money through U.S. banks
North Korea carried out an elaborate money laundering scheme for years using a string of shell companies and help from Chinese companies, moving money through prominent banks in New York, according to confidential bank documents reviewed by NBC News. Wire transfers from North Korean-linked companies with opaque ownership sometimes came… Read More
By Suitcase And By Wire: How Reza Zarrab Smuggled Russia’s Money
21st September 2020
By Suitcase And By Wire: How Reza Zarrab Smuggled Russia’s Money
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
US moves to seize $330m of alleged 1MDB assets held by UK law firm
18th September 2020
US moves to seize $330m of alleged 1MDB assets held by UK law firm
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
U.S. charges two Russian nationals who allegedly stole cryptocurrencies
18th September 2020
U.S. charges two Russian nationals who allegedly stole cryptocurrencies
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
Gambia’s former first lady Zineb Jammeh hit with US sanctions
17th September 2020
Gambia’s former first lady Zineb Jammeh hit with US sanctions
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
FinCEN Finalizes AML Rule for Banks Lacking Federal Oversight
15th September 2020
FinCEN Finalizes AML Rule for Banks Lacking Federal Oversight
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
First glimpse of new EU human rights sanctions
15th September 2020
First glimpse of new EU human rights sanctions
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
Hong Kong crime family arrested in HK$3 billion money-laundering investigation
14th September 2020
Hong Kong crime family arrested in HK$3 billion money-laundering investigation
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
Anguilla, popular Panama Papers tax haven, slips in transparency ranking
11th September 2020
Anguilla, popular Panama Papers tax haven, slips in transparency ranking
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
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