Art Forgery Is Easier Than Ever, and It’s a Great Way to Launder Money
12th December 2019
Art Forgery Is Easier Than Ever, and It’s a Great Way to Launder Money
John Myatt felt like his life was in free-fall.  It was the mid-1980s and at 41, he was a working painter who never made a splash—or a profit—in the London gallery scene. His wife left him, and he struggled to provide for his two young children. So, he began… Read More
US charges: Mexico ex-security chief took bribes from cartel
12th December 2019
US charges: Mexico ex-security chief took bribes from cartel
AP — Mexico’s former top security chief has been indicted in New York City on charges he accepted a fortune in drug-money bribes from kingpin Joaquin “El Chapo” Guzman’s notorious Sinaloa cartel to let it operate with impunity in Mexico. Genaro Garcia Luna, 51, was charged in federal court in… Read More
Trump unveils slew of sanctions over human rights abuses overseas
11th December 2019
Trump unveils slew of sanctions over human rights abuses overseas
The Trump administration is imposing sanctions on at least 20 more people accused of human rights abuses, targeting government officials, businessmen and others in countries from Myanmar to Pakistan — but still avoiding penalizing some world leaders deemed critical partners. The new sanctions, announced Tuesday, are the latest in a… Read More
Greed drove former SNC-Lavalin exec’s alleged fraud, corruption scheme: Crown
10th December 2019
Greed drove former SNC-Lavalin exec’s alleged fraud, corruption scheme: Crown
Summing up six weeks of testimony at the trial of a former SNC-Lavalin executive accused of fraud and corruption, a prosecutor told jurors Monday that greed lies at the root of the accusations. Sami Bebawi’s fate will soon be in the hands of the jury after federal prosecutors made their… Read More
Ex-St. Kitts PM Under Investigation After Trying to Leave UK with $92,000 in Cash
9th December 2019
Ex-St. Kitts PM Under Investigation After Trying to Leave UK with $92,000 in Cash
Former long serving Federation Prime Minister Dr. Denzil Douglas is under investigation by Britain’s National Crime Agency  after he recently tried to leave the UK with  UK£70,000 ($92,000 US) in cash, according to the Mail on Sunday newspaper. While he was released to travel to Dubai, his money has remained… Read More
Credit Suisse Blocks Prosecutor Using Critical Finma Report
6th December 2019
Credit Suisse Blocks Prosecutor Using Critical Finma Report
Credit Suisse Group AG has acted to block Geneva prosecutors from using details of a critical report by the country’s financial regulator into the bank’s failure to prevent fraud at its wealth management unit. The bank asked Geneva prosecutor Yves Bertossa to seal the report, which he is legally… Read More
Glencore Under Investigation for Bribery by U.K. Authorities
6th December 2019
Glencore Under Investigation for Bribery by U.K. Authorities
Glencore Plc is being investigated for bribery by U.K. authorities, deepening the legal troubles that threaten the world’s biggest commodities trader. The shares fell as much as 8.6% to a three-year low. The move by the Serious Fraud Office adds to ongoing corruption probes that Glencore is facing in the… Read More
Trump Moves Toward Labeling Mexican Cartels as Terrorist Groups
5th December 2019
Trump Moves Toward Labeling Mexican Cartels as Terrorist Groups
The Trump administration is moving forward on calls to classify Mexican drug cartels as terrorist organizations after the killing of nine U.S. citizens in Mexico, with top officials seeking to reach a decision this week, according to three people familiar with the matter. President Donald Trump is scheduled to meet… Read More
Anatomy of money laundering in B.C. real estate: 12 cases, $1.7 billion, 20 countries and 30 banks
2nd December 2019
Anatomy of money laundering in B.C. real estate: 12 cases, $1.7 billion, 20 countries and 30 banks
It started with a huge hash bust. Following up on a tip, the RCMP set up a stakeout and pounced when a freight truck left a warehouse on Mitchell Island in Richmond. The haul: six tonnes of hashish (a drug made from the resin of cannabis), wrapped in cellophane and… Read More
Mexico bristles at U.S. cartel sanctions plan, insists it’s doing its part
2nd December 2019
Mexico bristles at U.S. cartel sanctions plan, insists it’s doing its part
Mexican President Andres Manuel Lopez Obrador said on Friday that his government was committed to fighting organized crime, seeking to dispel fears that the United States could take matters in its own hands in the fight against drug cartels. U.S. President Donald Trump said earlier this week that he plans… Read More
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