27th March 2021
As China imposed a sweeping national security law in Hong Kong last year after massive protests, residents of the city moved tens of billions of dollars across the globe to Canada, where thousands are hoping to forge a new future. Capital flows out of Hong Kong banks reaching Canada rose… Read More
26th March 2021
A Swiss banker who was thrust into the spotlight of a billion-dollar Venezuelan money laundering case in Miami has received one of the biggest sentence reductions in U.S. history because of his assistance in helping federal authorities unravel an international web of financial corruption. Matthias Krull, who has been free… Read More
25th March 2021
Frauds using cryptocurrencies are going rampant in Canada as the number of victims in the country went up by 400 percent between 2017 and 2020. “Cryptocurrency fraud is increasing dramatically in Canada, with a difference of more than 400 percent between 2017 and 2020,” said Sgt. Kris Clark, a federal… Read More
25th March 2021
A former Citgo Petroleum Corp. procurement officer pleaded guilty to a federal criminal charge for his role in a scheme involving the payment of millions of dollars in bribes to help individuals obtain contracts from Citgo and its parent company, the U.S. Justice Department said this week. Jose Luis De… Read More
24th March 2021
Brazil’s Supreme Court on Tuesday ruled that former Brazilian President Luiz Inacio Lula da Silva had not been treated impartially in graft probes, strengthening his chances of running against President Jair Bolsonaro in next year’s vote. A dramatic reversal by Justice Carmen Lucia led a five-judge panel to… Read More
23rd March 2021
By Julett Pineda, OCCRP, 22 March 2021 OCCRP — Mexico’s President has proposed a bill that would make graft cases involving public servants and human rights violations public. The move is supposed to make corruption investigations more transparent but experts said they will believe it when… Read More
23rd March 2021
The European Union, the U.S., Canada and the U.K. imposed coordinated sanctions on top Chinese officials for human rights violations against the Uyghur minority on Monday, triggering Beijing to blacklist several EU politicians and academics. The bloc accused the Chinese officials of being “responsible for serious human rights violations… Read More
23rd March 2021
Julius Baer Group AG moved to claw back bonuses for bankers involved in a Latin America money laundering scandal that prompted a regulatory probe, the second Swiss bank in less than a week to announce such a step. The bank, which published the decision in its annual report Monday,… Read More
22nd March 2021
Ten Iranian nationals were charged in the U.S. with using shell companies to disguise transactions, including the purchase of two $25 million oil tankers, in an effort to dodge American sanctions on the mideast nation. The charges, originally filed in October, were unsealed Friday in Los Angeles. “Through the use… Read More
22nd March 2021
AP — Mexico’s agency for curbing money laundering said Friday the governor of the northern border state of Tamaulipas owns a large number of luxury properties that it says don’t match the income from his government jobs over the last 20 years. The Financial Intelligence Unit said… Read More