Warlord-Linked Sudanese Firm Hands Over Gold Mines to Government
6th May 2020
Warlord-Linked Sudanese Firm Hands Over Gold Mines to Government
A company linked to Sudan’s most powerful militia leader is surrendering a network of mines that at one stage produced a third of the nation’s gold, as his group battles accusations of corruption and brutality. Mining ministry officials are assessing the value of the area in the Jebel Amer region… Read More
Nigeria could have to ‘replace’ $300 mln Abacha loot if mis-used – US
1st May 2020
Nigeria could have to ‘replace’ $300 mln Abacha loot if mis-used – US
Nigeria must use money repatriated from funds looted by former military ruler General Sani Abacha on agreed public projects or be forced to “replace” it, the U.S. Justice Department said. The United States and the British dependency of Jersey agreed with the Nigerian government in Febuary to return $300 million… Read More
Stealth wealth: How Assad’s family and others have filled their European coffers
30th April 2020
Stealth wealth: How Assad’s family and others have filled their European coffers
The uncle of Syrian President Bashar Assad is reported to have a European fortune that includes two Paris townhouses — one of them 3,000 square meters (32,000 square feet) — a stud farm, a chateau and more than 500 properties in Spain. A former Syrian vice president and military leader,… Read More
Nordic Noir: Understanding the Swedbank Saga
30th April 2020
Nordic Noir: Understanding the Swedbank Saga
At times it can seem as if Swedbank’s recent history has been taken from the plot of a Nordic noir novel. There is a procedural bleakness to the Swedish bank’s money laundering scandal and a complexity to it all that does little to resolve the moral ambiguities of institutional malfeasance. Read More
Ivory Coast’s Soro Sentenced for Embezzlement, Money Laundering
29th April 2020
Ivory Coast’s Soro Sentenced for Embezzlement, Money Laundering
An Ivory Coast court handed one of the nation’s major political figures, Guillaume Soro, a 20-year prison sentence for embezzlement and money laundering after a one-day hearing in a move that’ll prevent him from running in this year’s presidential elections. A former rebel leader and ex-Parliament speaker who’s lived in… Read More
Sanctions probe links Maltese companies to Libya’s civil war
28th April 2020
Sanctions probe links Maltese companies to Libya’s civil war
Authorities believe Malta-based companies may have been involved in providing weapons, tactical supplies and perhaps even private military contractors to players involved in the raging Libyan civil war. Sources involved in monitoring the island’s national security told Times of Malta that a network of Malta-based operators and their foreign partners… Read More
Maltese arms dealer charged with violating Libya sanctions
27th April 2020
Maltese arms dealer charged with violating Libya sanctions
A Maltese arms dealer has been charged with breaching EU sanctions on Libya. James Fenech, 41, allegedly used two military-grade Rigid Hull Inflatable Boats (RHIBs) to circumvent international sanctions and transport private contractors out of war-torn Libya without notifying the authorities. A mysterious Malta-registered boat found in the harbour or… Read More
Former FBI agent charged with pocketing bribes from organized crime figure
27th April 2020
Former FBI agent charged with pocketing bribes from organized crime figure
An organized crime figure paid an FBI agent $10,000 a month in exchange for sensitive law enforcement information, according to court documents charging the agent, Babak Broumand, in a conspiracy to bribe a public official. Broumand was arrested Friday at a market near his home in Lafayette, according to Laura… Read More
Italian Oil Giant Eni Forfeits $24.5 Million to Resolve Bribery Probe
22nd April 2020
Italian Oil Giant Eni Forfeits $24.5 Million to Resolve Bribery Probe
Eni SpA has settled allegations in the U.S. that a subsidiary used sham contracts with an intermediary to improperly win contracts from an Algerian state-owned oil company. The Italian oil-and-gas giant agreed to pay $24.5 million to resolve alleged violations of the Foreign Corrupt Practices Act, according to the… Read More
UN imposes sanctions on Central African Republic rebel leader
22nd April 2020
UN imposes sanctions on Central African Republic rebel leader
The UN Security Council on Monday imposed sanctions on Central African Republic (CAR) former rebel leader Abdoulaye Miskine, who last year was one of the signatories of a peace agreement between the government and armed groups. Under the terms of the February 2019 accord, Miskine, founder and head of the… Read More
Popular

U.S. seizes millions in cryptocurrency meant for terror groups

Wirecard: Germany’s anti-money laundering unit failed to share ‘dozens’ of warnings

German police launch raids in ‘Troika Laundromat’ money laundering probe

AML Fines Rose in First Half of 2020, Driven By Familiar Errors

Wolfsberg Group Issues Guidance on Source-of-Wealth, Source-of-Funds Checks

Must Read

U.S. seizes millions in cryptocurrency meant for terror groups

U.S. regulators issue guidance on AML enforcement actions

Luxury homes tie Chinese communist elite to Hong Kong’s fate

Information sharing in the era of coronavirus tracing apps – a new context for fighting financial crime?

Brazilian To Surrender $190 Million In Laundered Money