9th June 2020
Nigeria has tracked down and grounded the luxury private jet purchased by its former oil minister, Dan Etete, with some of the alleged proceeds of the nororious $1.3 billion Malabu OPL245 oil deal. Asset recovery lawyers acting for the Nigerian government swooped last week after the Bombardier 6000 jet, tail… Read More
27th May 2020
The so-called Vancouver model is an outlier in the history of Canadian crime, a criminologist told B.C.’s public inquiry on money laundering Tuesday. Stephen Schneider told the Cullen Commission of Inquiry into Money Laundering that this system for laundering illegal funds from China and revenue from drug trafficking is exceptional. “I’ve… Read More
26th May 2020
A public inquiry into money laundering in British Columbia has heard that cash is still king but cryptocurrencies and other virtual trade could rise as a trend. Criminology professor Stephen Schneider of St. Mary’s University in Halifax says games and other online platforms with many players are creating their own… Read More
30th March 2020
It was August 2016 and wealthy Mexican businessman Moises Mansur Cysneiros was in Vancouver, exploring whether to move his family here for “a different cultural experience.” He got a call from his Mexican tax lawyer, Jose Juan Janeiro Rodriguez, urging Mansur to fly to Toronto “to discuss certain tax matters… Read More
27th March 2020
While crooks and terrorists are as susceptible to COVID-19 as other mortals, underworld cash always seems immune, so Canada’s money-laundering monitor has begun triaging financial transaction reports during the pandemic. Staffing shortages and business disruption forced by the coronavirus prompted the Financial Transactions and Reports Analysis Centre of Canada, known… Read More
16th March 2020
A suspicious death and a frantic race to prevent a body decomposing. A missing £140m. And, in London, frozen HSBC accounts which could solve a year-long, complex mystery that has captivated the internet and ruined thousands. Welcome to the Quadriga affair, a grim, global treasure-hunt whose clues have surfaced in… Read More
16th March 2020
BMO Harris Bank, a unit of Bank of Montreal, must face billions of dollars in investor claims tied to a massive Ponzi scheme run by former client Tom Petters, a judge ruled. A request by BMO Harris to have the case thrown out before trial was rejected Friday by… Read More
3rd March 2020
An internal report from Canada’s anti-money laundering watchdog found nearly half of the real estate companies audited weren’t complying with key areas of the country’s anti-money laundering regime and experts warn these “serious gaps” can hurt criminal investigations. The report prepared by the Financial Transactions and Reports Analysis Centre… Read More
3rd March 2020
China’s Huawei Technologies, which for years has denied violating American trade sanctions on Iran, produced internal company records in 2010 that show it was directly involved in sending prohibited U.S. computer equipment to Iran’s largest mobile-phone operator. Two Huawei packing lists, dated December 2010, included computer equipment made by Hewlett-Packard… Read More
2nd March 2020
By Nicholas Wells OCCRP — Money laundering heightened a drug overdose crisis, led to skyrocketing real estate prices and distorted the economy of the Canadian province of British Columbia, officials told a public hearing earlier this week. But who was to blame was debated over the course of the… Read More