10th February 2020
A German businessman charged with evading U.S. taxes as part of an investigation sparked by a trove of leaked documents known as the Panama Papers will plead guilty, federal prosecutors said. Harald Joachim von der Goltz, a former U.S. resident who was indicted along with three others in 2018… Read More
10th February 2020
An investigation has been opened targetting Belgian Prince Henri De Croÿ’s alleged tax evasion network, which he is accused of using to help funnel millions in funds into tax havens. Finance Minister Alexandre de Croo confirmed that the Special Tax Inspectorate (ISI) was building up files on taxpayers whose names… Read More
7th February 2020
A Maltese wealth management firm linked to an alleged conspiracy to embezzle over a billion dollars in Venezuelan oil money has been given a year to fix its anti-money laundering controls. The financial regulator was forced to revisit its decision to effectively suspend Portmann Capital’s operations indefinitely after the firm… Read More
6th February 2020
AP – Although not as notorious as Pablo Escobar and the Medellin cartel, Rodriguez-Orejuela and his brother, Miguel, fashioned a sophisticated global smuggling enterprise known for using innovative techniques to hide cocaine in all sorts of legitimate shipments — even such items as frozen vegetables and coffee packages. Read More
6th February 2020
Two brothers from a Belgian gold refinery have been found guilty by a court in Antwerp of money laundering and fraud and given 18-month suspended jail sentences, a court ruling showed. The judgment comes as investigators and states increase pressure on refineries to make sure illegally mined or traded gold… Read More
6th February 2020
Britain’s Metro Bank has hired a law firm to help it investigate payments routed through the bank that breached U.S. sanctions, a regulatory filing showed. One Metro bank customer was subject to U.S. sanctions on Cuba, while another received payments from Iran, the bank said. The Evening Standard newspaper reported… Read More
6th February 2020
A former trader at oil firm Petrobras has signed a plea bargain agreement with Brazilian prosecutors investigating bribery allegations, defense lawyers and prosecutors said, a potential breakthrough in a case involving some of the world’s top commodity trading houses. Rodrigo Garcia Berkowitz, who was a trader at Petrobras’ Houston office… Read More
6th February 2020
At least half a dozen Venezuelan banks have begun storing in vaults millions of dollars and euros accumulated in cash by businesses during an unexpected economic liberalization by President Nicolas Maduro, according to sources. Some $1.8 billion worth has entered Venezuela in the last year, according to three senior banking… Read More
6th February 2020
Brazilian construction giant Odebrecht SA has agreed to extend the monitorship and other terms of its plea agreement with the U.S. Justice Department for almost nine months, according to court filings. Odebrecht pleaded guilty in 2016 to a criminal charge of allegedly conspiring to violate U.S. foreign bribery laws and… Read More
5th February 2020
In the years after Jeffrey Epstein registered as a sex offender, he closed his money management firm and started a business to develop algorithms and mine DNA and financial databases. Then he set up a bank. In a banking license application reviewed by The New York Times, Mr. Epstein… Read More