France probes banking giant BNP Paribas for alleged complicity in Sudan crimes
29th September 2020
France probes banking giant BNP Paribas for alleged complicity in Sudan crimes
French prosecutors have opened an inquiry into banking giant BNP Paribas over claims of complicity in crimes against humanity, genocide and torture in Sudan, sources said Thursday. The International Federation for Human Rights (FIDH), which had filed a complaint against the French bank, announced on Twitter that an investigation… 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
Diacks’ $55m of suspicious bank transfers linked to Tokyo Olympic bid
28th September 2020
Diacks’ $55m of suspicious bank transfers linked to Tokyo Olympic bid
More than $55m was transferred in and out of suspicious bank accounts linked to Lamine Diack, the disgraced former head of global athletics, and his son, Papa Massata, according to a huge leak of secret financial documents. Last week the Diacks were sent to prison for their part in… Read More
U.S. sanctions individuals, companies linked to Yevgeniy Prigozhin
25th September 2020
U.S. sanctions individuals, companies linked to Yevgeniy Prigozhin
The Trump administration has sanctioned a network of eight people and seven companies linked to Yevgeny Prigozhin, a Kremlin-connected Russian businessman, and the Russian Federal Security Service. “Yevgeniy Prigozhin has an international network of supporters to spread his malign political and economic influence around the globe,” Treasury Secretary Steven… Read More
FinCEN Files: Firm owned by top Nigerian lawyer flagged in U.S. for moving millions of dollars abroad
25th September 2020
FinCEN Files: Firm owned by top Nigerian lawyer flagged in U.S. for moving millions of dollars abroad
A law firm owned by Rickey Tarfa, a senior lawyer facing trial over bribery allegations in Nigeria, has appeared in leaked suspicious activity reports filed with the United States’ Financial Crimes Enforcement Network (FinCEN). The SAR filed on Rickey Tarfa & Co showed 427 suspicious wire transfers, totalling $2,261,181.22,… Read More
‘Wired to make money’: Barclays’ private bankers serve ultra-rich, as watchdogs sound alarms
24th September 2020
‘Wired to make money’: Barclays’ private bankers serve ultra-rich, as watchdogs sound alarms
By Tanya Kozyreva, Michael Hudson, Spencer Woodman, Will Fitzgibbon, Agustin Armendariz, Golden Matonga, Delphine Reuter, Micah Reddy and Fergus Shiel, ICIJ, 23 September 2020 ICIJ — Ivor Ichikowitz recoils at the arms industry’s “reputation for being very cloak-and-dagger.” “We are not in the destroying-anything business,” the 53-year-old founder of South… Read More
Swiss watchdog reprimands Bank SYZ for breaching money laundering rules
24th September 2020
Swiss watchdog reprimands Bank SYZ for breaching money laundering rules
Swiss financial market supervisor FINMA on Thursday reprimanded private Bank SYZ over money laundering rules breaches involving business ties with a politically exposed Angolan client who made transactions worth tens of millions of Swiss francs. “FINMA found that the bank did not make sufficient efforts to investigate the substantial growth… Read More
FinCEN Files: Dubious oil deals with Syria turn fatal
24th September 2020
FinCEN Files: Dubious oil deals with Syria turn fatal
In the Kerch Strait off the Crimean coast, a dangerous undertaking cost 20 people their lives. On January 21, 2019, crews on two tankers were transferring liquified petroleum gas (LPG) from one ship to another at sea. Something went wrong and there was a terrible explosion. Both ships quickly… Read More
EU sanctions Turkish company accused of breaking Libya embargo
23rd September 2020
EU sanctions Turkish company accused of breaking Libya embargo
The European Union imposed sanctions on Monday on a Turkish shipping company accused of breaking a U.N. arms embargo on Libya and whose vessel was involved in a naval incident between NATO members France and Turkey in June. The asset freeze of Avrasya Shipping, which the EU said operates the… Read More
Suspected arms dealers moved millions in Somali money transfers, report says
18th September 2020
Suspected arms dealers moved millions in Somali money transfers, report says
Somali money transfer companies moved more than $3.7 million in cash between suspected weapons traffickers in recent years, including to a Yemeni under U.S. sanctions for alleged militant links, according to a report seen by Reuters. The findings by a Geneva-based research group, the Global Initiative Against Transnational Organized Crime,… Read More
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