29th December 2020
Brazilian construction giant Odebrecht, which recently changed its name to Novonor, must pay a $50 million fine over corruption related to construction of a highway in Colombia, authorities announced on Monday. The company was fined “for implementing a system restricting free competition” related to a 520-kilometer (325-mile) section of the… Read More
25th December 2020
The Enforcement Directorate (ED) has attached assets worth ₹4,109 crore in connection with a Ponzi scam involving ₹6,380 crore collected from over 32 lakh investors in six States. The agency had arrested three promoters of the Agri Gold Group of companies in the case earlier this week. The attached properties… Read More
24th December 2020
The Cayman Islands Monetary Authority has fined Western International Trust Company Limited $482,717 for breaches of anti-money laundering regulations (AMLRs). In an enforcement notice published on 22 Dec., the financial regulator said the fine was imposed for failing to apply customer due diligence and enhanced due diligence, as well as… Read More
24th December 2020
AP — Mexican investigators said Tuesday they have filed money-laundering complaints against five religious groups in Mexico, including the Luz del Mundo church whose leader is charged in the United States with child rapes. The announcement from the Financial Intelligence Unit did not identify the groups involved… Read More
23rd December 2020
A major figure in the organised crime world who went undetected for two decades before being exposed by his lavish lifestyle has been jailed. Thomas Maher, 40, an Irish haulier who lived in Warrington, Cheshire, was described by the National Crime Agency (NCA) as a “professional facilitator” for crime gangs… Read More
23rd December 2020
Rio de Janeiro’s outgoing mayor Marcelo Crivella, an ally of Brazil’s far-right president, Jair Bolsonaro, has been arrested and charged with corruption. Four carloads of police and prosecutors arrived at the mayor’s house in the affluent Barra da Tijuca neighbourhood before 6am. Prosecutors later filed corruption charges against… Read More
23rd December 2020
The High Court has ordered that an £11 million London flat believed to be owned by the former prime minister of Mongolia cannot be sold or transferred during an international £185 million corruption and money-laundering investigation. Sukhbaatar Batbold, the prime minister of Mongolia between 2009 and 2012, has been accused… Read More
23rd December 2020
The United States on Monday imposed sanctions on three Nicaraguan officials over their support for left-wing President Daniel Ortega’s government. President Donald Trump’s administration has kept up a steady stream of sanctions announcements since the November election that handed Democrat Joe Biden a win. President-elect Biden is to be sworn… Read More
22nd December 2020
Governor Augustus Jaspert is advising that it is in the BVI’s best economic interest to implement publicly accessible registers in accordance with a new draft order released by the United Kingdom. Last week, Britain published a draft order that outlines the guidelines OTs must abide by as they all move to… Read More
21st December 2020
The Bahamas has officially been removed from the Financial Action Task Force’s (FATF) grey list of nations deemed to have deficiencies in their anti-financial crime defenses, the Office of the Attorney General (OAG) announced yesterday. This follows the FATF conducting an on-site visit to the country at the end… Read More