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12th June 2020

Mexico: Tequila Companies Targeted in CJNG Sting

By Will Neal, OCCRP, 10 June 2020 OCCRP – Authorities in Mexico have reportedly identified several tequila vendors as front companies in an alleged money laundering operation run by one of the country’s most powerful drug syndicates. The move reflects a broader change in tactics by Mexico’s government, targeting… Read More

10th June 2020

Large number of high-threat organized crime groups have links to B.C., inquiry hears

A public inquiry into money laundering has heard that British Columbia appears to have more high-level organized crime groups than other provinces. The director general of Criminal Intelligence Service Canada says that among at least 1,850 organized crime groups known to operate in Canada, the agency has assessed 680. RCMP… Read More

5th June 2020

The Cash Machine Swindle: How a Mexican Bank Was Dragged into A Billion-Dollar ATM Heist

OCCRP – It was a muggy day in Cancún in September 2015, and a Romanian gangster nicknamed “The Shark” was in a murderous mood. Tudor’s worries proved unfounded. An OCCRP investigation with media partners in Mexico and Romania shows The Shark was able to continue this illegal business for… Read More

5th June 2020

From Bank Machines to Real Estate: Cleaning Dirty Money for the Riviera Maya Gang

OCCRP — A light snow was falling in Craiova, southern Romania, when Sorin Velcu called his mother in December 2018 to ask for 20,000 euros he had given her for safekeeping. But the funds were frozen — buried in the ice-cold earth in her backyard. “Somebody has to dig it out,”… Read More

5th June 2020

Money Laundering Allegations Dog Mexico’s Cruz Azul Soccer Club

Although the Mexican soccer league has cancelled the rest of its season, one of its most acclaimed clubs has remained in the headlines, as three of its directors are being investigated for corruption. On May 29, Mexico’s Financial Intelligence Unit (Unidad de Inteligencia Financiera – UIF) froze the accounts… Read More

4th June 2020

Mexico probes Libre Abordo’s oil-for-food pact with Venezuela

The Mexican government’s financial crime department is investigating Libre Abordo, a Mexico-based firm that received millions of barrels of Venezuelan crude under an oil-for-food pact, in a probe coordinated with U.S. agencies, the department’s chief, Santiago Nieto, told Reuters. The Mexican Financial Intelligence Unit is also separately investigating several other… Read More

3rd June 2020

Mexico finds links to over $1 billlion in cartel money

AP — Mexican financial regulators said Tuesday they have frozen the bank accounts of 1,939 people and companies believed to be linked to movements of about $1.1 billion in Jalisco drug cartel money. The country’s anti-money laundering agency said it worked with the U.S. Drug Enforcement Administration to identify… Read More

21st May 2020

Mexico orders probe into alleged graft linked to ex-president

Mexican President Andres Manuel Lopez Obrador on Wednesday ordered an investigation into allegations the former government irregularly awarded lucrative contracts to a firm allegedly tied to the family of his predecessor, Enrique Pena Nieto. Between 2013 and 2018 Pena Nieto’s government awarded $640 million in contracts to Plasti-Esteril, a firm… Read More

21st May 2020

What Lockdown? World’s Cocaine Traffickers Sniff at Movement Restrictions

By Cecilia Anesi, Giulio Rubino, Nathan Jaccard, Antonio Baquero, Lilia Saúl Rodríguez and Aubrey Belford, OCCRP, 20 May 2020 OCCRP — As a wave of coronavirus infections hit Italy in late March, Rocco Molè, a member of the country’s ’Ndrangheta organized crime group, was faced with a dilemma. He was… Read More

15th May 2020

FBI probes Mexican, European firms over Venezuela oil trading – sources

The FBI is probing several Mexican and European companies allegedly involved in trading Venezuelan oil as it gathers information for a U.S. Treasury Department inquiry into possible sanctions busting, according to four people familiar with the matter. U.S. Secretary of State Mike Pompeo and special envoy for Venezuela Elliott Abrams… Read More

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