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2nd December 2020

EU, FATF lists causing correspondent banking problems in Bahamas

The Bahamas’ inclusion on the European Union’s (EU) black list and Financial Action Task Force’s (FATF) gray list, has caused some local financial institutions to be refused service by correspondent banks, Attorney General Senator Carl Bethel said on Friday, adding that those lists have left The Bahamas at a competitive… Read More

2nd December 2020

Feds step up efforts to target Venezuelans accused of money laundering in Miami

Federal authorities are stepping up their efforts to seize millions of dollars deposited in Miami bank accounts that they say were used to pay kickbacks to Venezuelan government officials for inflated contracts with the national oil company, PDVSA. The latest target: Natalino D’Amato. The contractor is accused of selling $160… Read More

2nd December 2020

Finance minister orders external audit of Quebec casinos after investigation into Mafia perks

Quebec’s finance minister has ordered an external and independent audit of the province’s casinos. The move comes after Quebec French-language news channel TVA’s investigative unit found Mafia leaders had received access to luxury perks through the Montreal Casino, including tickets to shows, meals and free hotel rooms. Finance Minister Eric… Read More

2nd December 2020

U.S. imposes sanctions on Chinese firm accused of undermining democracy in Venezuela

The United States imposed sanctions on Monday on Chinese firm China National Electronics Import & Export Corporation (CEIEC), accusing it of supporting Venezuelan President Nicolas Maduro’s efforts to undermine democracy. The U.S. Treasury Department said in a statement the Chinese company supported the leftist government of Maduro in its “efforts… Read More

1st December 2020

SBM Offshore Faces Swiss Probe Over Legacy Bribery Allegations

Oil-services firm SBM Offshore NV is facing an investigation by the Swiss government into bribery allegations that the company said it has already paid hundreds of millions of dollars to resolve in three other countries. Amsterdam-based SBM Offshore said Monday that three of its subsidiaries had received notice of… Read More

1st December 2020

Mexico issues warrant for ex-security chief accused of aiding cartel

Mexico has issued an arrest warrant for a former security minister wanted on corruption charges and may request his extradition from the United States where he is being held awaiting trial, an official told Reuters. Ex-Security Minister Genaro Garcia Luna pled not guilty last month to U.S. charges involving a… Read More

1st December 2020

We’ve All Been Deceived. There is No War on Drugs.

By Robert Mazur, former U.S. Federal Agent and author of “The Infiltrator” Having been one of the soldiers in the war on drugs for 27 years, I must confess that I, my brothers and sisters on the front lines, the American public and the world’s communities have been deceived. A… Read More

30th November 2020

SocGen Ordered to Return $150 Million of Allen Stanford Ponzi Cash

Societe Generale SA was reprimanded by a Swiss court and ordered to give up $150 million deposited by convicted fraudster Allen Stanford that it had fought for nearly a decade to keep. The court ruled that Societe Generale failed to do proper due diligence before accepting Stanford’s money. The… Read More

30th November 2020

Honduran ex-president Zelaya stopped at airport with bag of money

Former Honduran president Manuel Zelaya said on Friday that he had been “unjustly” detained at the Central American nation’s Toncontin international airport for carrying $18,000 in cash, which he said was not his. “I don’t know the origin of that money. Obviously someone must have put it in my belongings. Read More

27th November 2020

Under Shadow of Corruption, Peru’s Congress Fuels Crisis

Peruvian politician Humberto Acuña was convicted of bribery committed while he was governor of a northern Peruvian state from 2011 to 2018, and still faces several other charges, including abuse of authority and criminal conspiracy. Still, the burly 54-year-old engineer is a powerful congressman for the Alliance for Progress Party,… Read More

Must Read

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