Featured Belize

Evening Standard victory in secret papers fight over £14m ‘dirty cash’ case

Secret documents showing how a London couple brought at least £14 million of allegedly corrupt money from an “Azerbaijani laundromat” into Britain have been cleared for release by a judge in a partial court victory for the Evening Standard. Chief Magistrate Emma Arbuthnot said that this newspaper had an… Read More

Polygamy, bribes, luxury cars, foreign countries and a $ 511 million biofuel fraud

When the trial for the last of five defendants in the Washakie Renewable Energy case starts this week, jurors can expect to hear about a Utah polygamous sect, bribery, and how proceeds of a $511 million biofuel fraud were laundered into ritzy homes, expensive cars and Turkish industries. Lev… Read More

Banker On The Run

When Lithuania’s AB Bankas Snoras imploded in 2011, its main shareholders, Vladimir Antonov and Raimondas Baranauskas, had already left for the United Kingdom, where Antonov had accomplished a long-held dream to take over the Portsmouth Football Club. On Nov. 24 of that year Antonov, a Russian, and Baranauskas, a Lithuanian,… Read More
19th November 2019
For years, banks in three Eastern European countries were stripped of assets by their owners using a blunt but efficient scheme made possible by Meinl Bank, a venerable Austrian financial institution that lost its license last week. Hundreds of millions of euros were siphoned out of Ukraine, Latvia and Lithuania,… Read More
4th November 2019
Malta’s financial regulator has lost a bid to stop the shuttered Satabank from releasing funds from the bank account of an offshore company belonging to ‘Dirty Oil’ suspect Gordon Debono. Debono is facing criminal charges related to a €30 million oil-smuggling ring in Catania, Sicily, together with conspirators Darren Debono,… Read More
16th October 2019
It has created 470,000 jobs. It contributes over $11 billion to the economy. It has even sparked a diplomatic clash with China. The strange thing is, nobody is sure who fully owns it. It’s not as though the Philippine offshore gaming operators who are transforming Manila, known collectively as POGOs,… Read More
8th October 2019
European Union finance ministers are set to remove the United Arab Emirates (UAE) and Switzerland next week from the bloc’s lists of countries deemed to be acting as tax havens, an EU document said. They will however continue to blacklist three U.S. territories. The 28-nation EU set up a blacklist… Read More
30th July 2019
When Belarusian President Alexander Lukashenko met entrepreneur Viktor Prokopenya in March 2017, their discussion was scheduled to last for an hour but went on for three times that long. The meeting, Prokopenya said, ended with Lukashenko asking him to propose regulations to boost the country’s tech sector. Prokopenya worked with… Read More
6th November 2017
By Francesco Guarascio, REUTERS European Union states will on Tuesday discuss plans for a tax havens’ blacklist, officials said, in a bid to tackle offshore tax avoidance after leaked documents revealed investments by wealthy individuals and institutions around the globe. The subject’s inclusion on the monthly meeting’s agenda of EU… Read More
13th April 2017
A solicitor who transferred nearly £1.3m to an offshore bank account in Belize has been suspended for a year for breaches of the money laundering regulations and accounts rules. A disciplinary tribunal said she have have unwittingly facilitated the movement of monies during the course of a suspected fraud. Read More
15th July 2016
In Belize, the nation’s central bank has taken over processing international business payments after most of the country’s commercial banks have been cut off by former U.S. banking partners. In Jamaica, U.S. bank account holders are receiving notice to take their money elsewhere. And in Guyana, checks in U.S. dollars… Read More
13th July 2016
Burdened by chronic back pain, Belize Prime Minister Dean Barrow avoids traveling abroad, his colleagues say. But in January, he flew to Washington and visited one government agency after another on a singular mission: reconnecting his country to the U.S. financial system. A U.S.-educated lawyer, Barrow made his case before… Read More
24th May 2016
Robert Bandfield faces maximum of 20 years in prison for activities linked to stock manipulation Read More