Former IAAF president Lamine Diack jailed for taking bribes to cover up Russian doping
18th September 2020
Former IAAF president Lamine Diack jailed for taking bribes to cover up Russian doping
The former president of international athletics has been jailed for two years by a French court after being found guilty of taking millions of pounds in bribes to cover up positive drugs tests by Russian athletes. Lamine Diack, 87, who ran athletics for 16 years until he was succeeded by… Read More
Dutch launch criminal probe, freeze assets of Isabel dos Santos-linked firm
17th September 2020
Dutch launch criminal probe, freeze assets of Isabel dos Santos-linked firm
Dutch prosecutors have begun a criminal investigation into how a company owned by Sindika Dokolo, the husband of billionaire Angolan businesswoman Isabel dos Santos, managed to acquire a lucrative shareholding in the Portuguese oil and gas firm, Galp. The Public Prosecution Service has also frozen the assets of the company,… 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
Over $4M in assets seized from convicted former SNC-Lavalin exec Sami Bebawi
11th September 2020
Over $4M in assets seized from convicted former SNC-Lavalin exec Sami Bebawi
A former SNC-Lavalin executive who was convicted on corruption and fraud charges last year has had over $4 million in assets seized by a Quebec Superior Court judge, including a million-dollar property in Florida. Sami Bebawi, who was sentenced in January to eight years and six months in prison… Read More
Belgian Passport-Maker Paid Bribes to Win Madagascar Contract
10th September 2020
Belgian Passport-Maker Paid Bribes to Win Madagascar Contract
By Edward Maintikely and OCCRP, 9 September 2020 OCCRP — Belgian company Semlex Group paid a former top official in Madagascar’s government at least $140,000 — and possibly much more — in unexplained fees, according to leaked company emails that appear to show a quid pro quo to secure a… Read More
Angola seizes AAA assets, hotel chains linked to de Sao Vicente, TV reports
10th September 2020
Angola seizes AAA assets, hotel chains linked to de Sao Vicente, TV reports
Angola’s attorney general has seized buildings and hotels belonging to AAA, a company associated with Carlos Manuel de São Vicente whose $900 million fortune has been frozen by Swiss authorities, state broadcaster TPA reported on Tuesday. De São Vicente was a key figure in Angola’s oil industry, heading a group… Read More
Ghana: Registrar-General deploys central beneficial ownership register for the extractives and other high risk sectors
10th September 2020
Ghana: Registrar-General deploys central beneficial ownership register for the extractives and other high risk sectors
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
Monaco hunts oil-bribery whistleblower in EU
10th September 2020
Monaco hunts oil-bribery whistleblower in EU
A whistleblower who exposed massive bribery at a Monaco-based oil firm is now being hunted in Europe, in a test of its extradition system. Jonathan Taylor, back in 2013, revealed that his former employer, SBM Offshore, had routinely paid bribes to foreign governments, for instance in Angola, Brazil, and Equatorial… Read More
Nigeria’s Malabu Oil Scandal: FG Re-Arraigns Aliyu Abubakar On 67-Counts Charge
9th September 2020
Nigeria’s Malabu Oil Scandal: FG Re-Arraigns Aliyu Abubakar On 67-Counts Charge
The Federal Government on Tuesday re-arraigned an oil magnate, Aliyu Abubakar, and seven others on a 67-count criminal charge over their alleged involvement in the disputed Oil Processing License (OPL) 245 otherwise known as Malabu Oil. Abubakar was in July arraigned on a 48-count criminal charge bordering on money laundering,… Read More
Malta gets another downgrade at crucial juncture for financial services industry
8th September 2020
Malta gets another downgrade at crucial juncture for financial services industry
Malta’s lucrative financial services industry and its international ranking has suffered another blow as the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes has downgraded the island’s standing to “partially compliant”. This downgrade ranks Malta as one of the countries with the lowest standards in the… Read More
Popular

FinCEN Files: Banks Flagged Felix Sater for $100 Million In Suspicious Activity

The FinCEN Files: Asking the Right Questions

The fastest way to send criminal cash: money transmitters

Deutsche Bank Fined $16 Million by German Prosecutors in Danske Probe

US, UK fight foreign bribery but most nations do very little

Must Read

The AML System: A Failure of Statecraft?

Goldman Poised to Pay More Than $2 Billion in DOJ’s 1MDB Probe

How ING bank in Poland helped Russians launder money

6 money laundering reforms that experts say need to happen right now

U.S. Treasury’s FinCEN Issues $60 Million Penalty Against Operator of Bitcoin ‘Mixers’