Bitcoin Cryptocurrency Adds to Venezuela Money Laundering Risk
8th April 2021
Bitcoin Cryptocurrency Adds to Venezuela Money Laundering Risk
Venezuela is increasingly turning to the cryptocurrency Bitcoin, raising questions about its possible use in laundering money and evading US sanctions, not unlike the way Venezuela already uses the gold trade. In February, a new kind of cash machine appeared in Caracas – one that allows… Read More
Organized Real Estate Fraud Rings Threaten Property Owners in Costa Rica
7th April 2021
Organized Real Estate Fraud Rings Threaten Property Owners in Costa Rica
With owners of expensive lots kept away from Costa Rica because of COVID-19 restrictions, organized property fraud rings have enlisted corrupt notaries to steal properties. At least 50 public notaries have been collaborating with criminal groups to illegally transfer properties or to forge documents to allow them to be used… Read More
Former Gunvor employee pleads guilty in Petroecuador bribery case
7th April 2021
Former Gunvor employee pleads guilty in Petroecuador bribery case
A Canadian man once employed by the commodities trading house Gunvor Group pleaded guilty on Tuesday to involvement in what U.S. prosecutors called a scheme to bribe Ecuadorean government officials to win business from state-controlled oil company Petroecuador. Raymond Kohut, 68, entered his plea to a money laundering conspiracy charge… Read More
Dismantled Network Illustrates Pattern in the Exploitation of Venezuelan Migrants in Colombia
6th April 2021
Dismantled Network Illustrates Pattern in the Exploitation of Venezuelan Migrants in Colombia
A sophisticated human trafficking network dismantled in Colombia, illustrates a pattern in how Venezuelan citizens, particularly women, are recruited. On March 27, Colombian authorities managed to arrest and indict members of an organized criminal group (Grupo de Delincuencia Organizado – GDO) known as “Los PEP,” who… Read More
Honduran civil groups call for president’s resignation over drug trafficking charges
6th April 2021
Honduran civil groups call for president’s resignation over drug trafficking charges
Dozens of Honduran civil society organizations on Monday demanded the “immediate” resignation of President Juan Orlando Hernandez and main government officials for having turned the country into a “narco-state.” Hernandez’s brother was sentenced to life in prison by a New York judge at the end of March for large-scale drug… Read More
Peru Conservative Candidate Denies Tax, Laundering Allegations
1st April 2021
Peru Conservative Candidate Denies Tax, Laundering Allegations
One of the conservative front-runners in Peru’s presidential election denied press reports that he allegedly owes millions in back taxes and is under investigation for money laundering, hours before he was scheduled to appear in an election debate. Rafael Lopez Aliaga, a hotelier and businessman who… Read More
Leading GOP Senator Calls for Probe of Avantor Sales in Mexico
1st April 2021
Leading GOP Senator Calls for Probe of Avantor Sales in Mexico
A top Republican lawmaker said he will press the Senate to investigate Avantor Inc. and other companies that sold internationally controlled drug-making chemicals into Mexico’s “unregulated and corrupt market” amid a narcotics epidemic in the U.S. Texas Senator John Cornyn, who serves on both the Judiciary Committee and the… Read More
Latin America Elites Seek Corrupt Access to Vaccines
1st April 2021
Latin America Elites Seek Corrupt Access to Vaccines
The seizure in Mexico of COVID-19 vaccine smuggled aboard a private plane linked to a Honduran textile magnate marks the first instance of alleged transnational vaccine smuggling in Latin America — in a mysterious case that betrays a pattern of clandestine deals between economic and political elites keen to access… Read More
Julius Baer can resume acquisitions after Swiss watchdog lifts ban
1st April 2021
Julius Baer can resume acquisitions after Swiss watchdog lifts ban
Julius Baer can resume large acquisitions after markets watchdog FINMA lifted a ban levied against the Swiss private bank last year for failings in combating money laundering involving cash linked to world soccer body FIFA and Venezuela’s oil company. In February 2020, FINMA cited scores of failings at Switzerland’s third-largest… Read More
Ex-Braskem CEO to Plead Guilty in $250 Million Bribery Case
31st March 2021
Ex-Braskem CEO to Plead Guilty in $250 Million Bribery Case
The former chief executive officer of Braskem SA, Brazil’s largest petrochemicals company, will plead guilty to federal charges tied to a $250 million bribery plot the U.S. said also involved Braskem’s parent company, Odebrecht SA. Jose Carlos Grubisich, who prosecutors said pocketed… Read More
Popular

ABN Amro to settle money laundering probe for €480 million

Malta: Money laundering probes shoot up by 200 percent

Biden Sanctions Russia, Restricts Buying New Debt After Hacking

City of London calls for ‘paradigm shift’ in compliance tech at banks

EU announces five-year roadmap to fight dirty money, human trafficking

Must Read

Cross-border drug trafficking cases nearly doubled in four years – EU agency

COVID-19 has transformed Somaliland’s remittance lifeline

CEO Debacle at Danske Bank Draws Warning From Shareholders

India’s Adani Faces Scrutiny for Port Deal in Myanmar

Singapore: Syndicate member behind S$2.5m cross-border investment scam gets jail