Bribery victims prevail in restitution claim against hedge fund
6th November 2020
Bribery victims prevail in restitution claim against hedge fund
A federal judge approved a restitution payment of more than $138 million to investors in a Congolese mine, bringing to a close a yearslong legal battle over their status as victims of a bribery scheme by hedge fund Sculptor Capital Management Inc. Final approval for the restitution came Wednesday at… Read More
For working to support global justice, I could face U.S. sanctions
2nd November 2020
For working to support global justice, I could face U.S. sanctions
As a law professor, I have devoted my professional life to teaching about, advocating for, and advancing justice with regard to war crimes and crimes against humanity. Now, my dual Canadian-U.S. citizenship has made me a special target for the Trump administration’s efforts to undermine the quest for global justice. Read More
South African Police Probing Ex-Steinhoff CEO Jooste, Times Says
2nd November 2020
South African Police Probing Ex-Steinhoff CEO Jooste, Times Says
South African authorities have launched a probe into suspected new fraud and money laundering allegations against former Steinhoff International Holdings NV Chief Executive Officer Markus Jooste, the Sunday Times reports, citing a police court application. The Directorate for Priority Crime Investigation, an elite crime busting force, applied for access… Read More
Kenya: Government issues notice for firms to provide details of key shareholders by January
2nd November 2020
Kenya: Government issues notice for firms to provide details of key shareholders by January
All companies have until January next year to submit to the government names of their key owners or controlling entities. This is a move to enforce the law and create transparency in shareholding of firms as the State cracks down on illicit cash flows such as money laundering and terrorism… Read More
Criminals use real estate transactions in PH to wash dirty money — anti-money laundering body
30th October 2020
Criminals use real estate transactions in PH to wash dirty money — anti-money laundering body
Criminals are using real estate transactions to launder dirty money in the Philippines, a top official of the Anti-Money Laundering Council revealed. AMLC Executive Director Atty. Mel Racela confirmed this during a Senate hearing on Wednesday after lawmakers asked him why real estate developers and brokers should report cash transactions… Read More
Malta: Accountants to fuel smuggling ring fined €59,000 by FIAU
27th October 2020
Malta: Accountants to fuel smuggling ring fined €59,000 by FIAU
An accountancy firm that provided corporate services to one of the companies implicating in the Operation Dirty Oil fuel smuggling ring, has been fined €58,900 by the Financial Intelligence Analysis Unit (FIAU). The clients included ADJ Trading, a company implicated in the €30 million Libyan fuel smuggling ring, that was controlled by… Read More
How an irrepressible Serbian arms dealer found a conduit to Saudi Arabia through Qatar
26th October 2020
How an irrepressible Serbian arms dealer found a conduit to Saudi Arabia through Qatar
By Lawrence Marzouk and Stevan Dojčinović, OCCRP, 23 October 2020 OCCRP – A Cypriot shell firm accused of funnelling bribes on behalf of a notorious Serbian weapons dealer deposited $1.7 million into a secretive trust fund set up for a prominent Saudi, leaked bank records show. That fund’s Qatari… Read More
UBS Cuts Ties With Ivory Coast Clients, SonntagsZeitung Reports
26th October 2020
UBS Cuts Ties With Ivory Coast Clients, SonntagsZeitung Reports
UBS Group AG is cutting ties with clients who reside in the Ivory Coast, according to a report from Swiss newspaper SonntagsZeitung. Switzerland’s biggest wealth manager is closing the accounts and credit cards of all clients who live in the West African country, according to the newspaper. SonntagsZeitung… Read More
U.S. Out to Seize Jet Entrepreneur’s $22 Million Bel Air Mansion
26th October 2020
U.S. Out to Seize Jet Entrepreneur’s $22 Million Bel Air Mansion
The U.S. is seeking to confiscate a $22 million Los Angeles mansion from a company controlled by a private-jet entrepreneur, as it goes after assets it says the home’s previous owner bought with the spoils of corrupt Nigerian oil deals. The 15,000-square-foot, six-bedroom Bel Air property, which its developer… Read More
‘It’s a New Day’: Sudan Exults to Be Taken Off List of Terror States
21st October 2020
‘It’s a New Day’: Sudan Exults to Be Taken Off List of Terror States
Sudanese people and their government officials are celebrating the news that after 27 years the United States plans to remove the country from its list of state sponsors of terrorism — a move that could help Sudan revive its ailing economy and bolster its transition to democratic rule. President… Read More
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