5th October 2020
Portuguese auditing companies that broke anti-money laundering laws while helping Angolan billionaire Isabel dos Santos grow her business empire should face criminal prosecution, the country’s regulator has said. The Securities Market Commission, CMVM in Portuguese, investigated nine auditing companies that worked with dos Santos following the publication of the Luanda… Read More
5th October 2020
Classified documents from Britain’s financial crime agency have revealed how it allowed JP Morgan to pay $875 million of suspicious funds to Dan Etete, a former Nigerian oil minister widely known as a convicted money launderer. The documents, rarely seen Suspicious Activity Reports (SARs), were filed by the banking… Read More
1st October 2020
North Korea has successfully miniaturised its nuclear weapons, continues to build ballistic missiles and is using a range of ingenious means to dodge sanctions, from smuggled coal and art to dispatching workers overseas, according to the United Nations. The new UN report by monitoring experts appointed by the Security Council… Read More
1st October 2020
Two American law firms have started building class action law suits against HSBC and Standard Chartered following allegations the banking giants failed to crack down on money laundering. Labaton Sucharow and Schall Law, which both have a track record of pursuing vast legal claims against listed companies, said they have… Read More
29th September 2020
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
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
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
25th September 2020
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
25th September 2020
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
24th September 2020
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