12th February 2021
By Luiz Fernando Toledo, Jonny Wrate, Allan de Abreu, Fernanda da Escóssia, José Roberto de Toledo and Thais Bilenky, OCCRP, 11 February 2021 OCCRP — What do an 81-year-old grandmother, a millionaire lawyer, and a waste treatment tycoon have in common? They have each been investigated as… Read More
12th February 2021
By Katie Jones, Insight Crime, 10 February 2021 InSight Crime – A recent string of high-profile drug plane interceptions suggests the once tranquil Mexican state of Quintana Roo is being increasingly relied upon as a drug trafficking hub. On February 5, local media reports claimed a Cessna-type… Read More
11th February 2021
By Olesya Shmagun, OCCRP, 10 February 2021 OCCRP — A 33-year-old Russian man who runs no known profitable businesses secretly owns European real estate and other assets worth at least 50 million euros, corporate records from Luxembourg show. Sergey Toni’s properties, which he holds through seven… Read More
11th February 2021
By James Bargent, InSight Crime, 9 February 2021 InSight Crime – Operation ‘Tiburón Galloway’ began as a local investigation by prosecutors in the Italian region of Calabria in 2001, but quickly snowballed into a multinational, multiagency investigation. Over five years, prosecutors uncovered a vast cocaine trafficking and… Read More
11th February 2021
The BVI’s ranking for financial secrecy has worsened in the last two years, according to the latest Financial Secrecy Index published by the Tax Justice Network (TJN). TJN publishes the index once every two years and ranks countries based on how much financial secrecy they supply to the world. The… Read More
10th February 2021
By Robert Mazur In the words of Sir Winston Churchill, “Those that fail to learn from history are doomed to repeat it”. That’s what came to my mind when I read yesterday’s Bloomberg article about how Banxico (Mexico’s central bank) will work with local Mexican banks that… Read More
9th February 2021
Mexico’s central bank will lend money to local banks that can’t sell bulk dollars to the U.S., a move meant to satisfy lawmakers who wanted to force the nation’s monetary authority to purchase the greenbacks. The pledge to help Mexican banks was unveiled Monday as part of new measures to… Read More
9th February 2021
OCCRP – As a result of a joint investigation with the U.S. Federal Bureau of Investigation (FBI), Mexico’s Financial Intelligence Unit (FIU) blocked dozens of bank accounts believed to be belonging to a Romanian gang allegedly involved in skimming ATMs in Cancun and other tourist destinations… Read More
7th February 2021
Where did the buck stop? Or, rather, where did the duffel bags stuffed with $20 bills – suspected to be from Vancouver’s deadly, illicit opioid trade – stop? That’s the constant question circling over the public inquiry into money laundering in B.C. during recent testimony from four key executives from… Read More
5th February 2021
A managing partner and chief investment officer of New York-based trade finance lender International Investment Group (IIG) has pleaded guilty for his part in a Ponzi-like scheme to defraud funds and investors. According to a release from the US Department of Justice (DoJ), IIG co-founder David Hu accepted that over… Read More