CSIS alleges Iran used Toronto company to wire millions to Canada despite sanctions
26th November 2020
CSIS alleges Iran used Toronto company to wire millions to Canada despite sanctions
A Toronto currency exchange business helped Iran secretly wire millions of dollars into Canada in violation of sanctions, according to a classified intelligence report that calls the financial transfers a threat to national security. A Canadian Security Intelligence Service report obtained by Global News accuses Alireza Onghaei, the investor immigrant… Read More
Ex-Mexico treasury chief rejects 2nd set of accusations
26th November 2020
Ex-Mexico treasury chief rejects 2nd set of accusations
AP – Mexico’s former treasury and foreign relations secretary, Luis Videgaray, angrily denied accusations Tuesday by a lawyer for another former Cabinet secretary who claimed he used embezzled government money to help finance election campaigns. The accusations by a lawyer for ex-social development secretary Rosario Robles mark the second… Read More
‘MaltaFiles’ firm Credence fined €261,000 over money laundering shortcomings
25th November 2020
‘MaltaFiles’ firm Credence fined €261,000 over money laundering shortcomings
Corporate services provider Credence, which featured in an extensive European Investigation Collaborations exposé on tax avoidance in Malta, has been fined €261,000 by the Financial Investigation Analysis Unit for breaches of various money laundering obligations. Credence Corporate Advisory Services is a Maltese law firm which featured in stories on the… Read More
His bank raided his account to cover a payment made to scammers
25th November 2020
His bank raided his account to cover a payment made to scammers
Justin Smith has been hit with a one-two punch of bad luck. First, the Toronto man was duped by a job scam that made off with $3,000. Then his longtime bank, Tangerine, helped itself to money Smith had in his tax-free savings account to recoup what it had lost in… Read More
U.S. Justice Department Ends Oversight of Brazil’s Odebrecht
24th November 2020
U.S. Justice Department Ends Oversight of Brazil’s Odebrecht
An independent monitor has certified Odebrecht SA’s antibribery compliance program, the Brazilian construction company said. The certification closes a 3½-year monitorship that was imposed on Odebrecht as part of a settlement with the U.S. Department of Justice in December 2016. The settlement resolved allegations that the company paid hundreds… Read More
Corruption, Containers, Cocaine: Guyana’s Role In Transnational Drug Trafficking
23rd November 2020
Corruption, Containers, Cocaine: Guyana’s Role In Transnational Drug Trafficking
By Katie Jones, InSight Crime, 20 November 2020 InSight Crime — A recent string of high-profile interceptions targeting international drug trafficking operations have confirmed Guyana remains a crucial transit point for cocaine headed to the United States and across the Atlantic. InSight Crime looks at Guyana’s decisive role as a… Read More
Mexico agreed with U.S. Attorney General Barr to arrest drug capo in deal for general
23rd November 2020
Mexico agreed with U.S. Attorney General Barr to arrest drug capo in deal for general
Mexico has committed to the arrest of a high-level cartel leader under a deal with U.S. Attorney General William Barr to drop U.S. drug trafficking charges against a former Mexican defense minister, a senior Mexican source told Reuters. The United States dropped the case against retired General Salvador Cienfuegos this… Read More
In corruption, Peru’s new president faces uphill battle
19th November 2020
In corruption, Peru’s new president faces uphill battle
Francisco Sagasti is an experienced political strategist, consultant to the United Nations, the author of 25 books and an industrial engineer who once worked at the World Bank. And he’s a man who isn’t easily ruffled, perhaps because he was one of the hostages taken by Peru’s MRTA guerrillas… Read More
In shock move, U.S. abandons drugs case against ex-Mexican defense minister
18th November 2020
In shock move, U.S. abandons drugs case against ex-Mexican defense minister
U.S. prosecutors will drop drug charges against ex-Mexican Defense Minister Salvador Cienfuegos and turn over the investigation to Mexico, saying “sensitive” foreign policy considerations outweighed the interest in pressing the case. The surprise decision to dismiss the charges in the politically explosive case was announced in a joint statement on… Read More
Airbnb Reveals Potential Noncompliance of U.S. Sanctions
17th November 2020
Airbnb Reveals Potential Noncompliance of U.S. Sanctions
Airbnb Inc. said it made voluntary disclosures to the Treasury Department about its compliance efforts and certain user activity on its platform that may have been at odds with requirements under U.S. sanctions laws. The San Francisco-based home-sharing company said it conducted an internal review and is in discussions with… Read More
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