Featured Panama

Atlantic Entrance to Panama Canal Awash with Cocaine

By Saskia Wright and Anastasia Austin, InSight Crime, 10 June 2021 InSight Crime — Panama’s northern province of Colón, sitting at the Atlantic entrance to the Panama Canal, is seeing a staggering increase in drug seizures, raising questions about its role in the Central American cocaine pipeline. Read More

U.S. charges ex-Austrian bank CEO in Odebrecht bribery scheme

U.S. prosecutors said the former chief executive of an Austrian bank was arrested on Tuesday and charged with involvement in a long-running bribery and money-laundering conspiracy involving the Brazilian construction company Odebrecht SA. Peter Weinzierl and co-defendant Alexander Waldstein, both of Austria, were accused of conspiring from 2006 to 2016… Read More

The Panama Papers Double Cross: How a spy-for-hire got closely guarded dirt on the global elite

When a consortium of reporters released the Panama Papers in 2016, they wanted to block one group from plundering the database which contained records disclosing the owners of thousands of off-shore companies used to hide enormous sums of wealth: corporate intelligence operatives, or private spies. The private spying industry… Read More
4th May 2021
By Graham Stack, OCCRP, 3 May 2021 OCCRP — In the early 2010s, Petro Poroshenko — a billionaire who had just served a stint as Ukraine’s foreign minister, and would later be elected president — built a palatial estate for himself outside Kyiv. He just needed furnishings… Read More
14th April 2021
From the British Virgin Islands to Geneva, Swiss prosecutors are tracking the suspected fund movements of Lebanon’s central bank chief Riad Salameh, a Swiss newspaper reported Tuesday. The Swiss attorney general’s office said in January it was investigating “aggravated money laundering… in connection with possible embezzlement to the detriment of”… Read More
13th April 2021
The UK government has added Pakistan to the list of undesirable 21 high-risk countries with unsatisfactory money laundering and terrorist financing controls. This list of 21 countries — released by the UK Government — replicates the list of countries named by the Financial Action Task Force (FATF) as high-risk or… Read More
26th March 2021
A Swiss banker who was thrust into the spotlight of a billion-dollar Venezuelan money laundering case in Miami has received one of the biggest sentence reductions in U.S. history because of his assistance in helping federal authorities unravel an international web of financial corruption. Matthias Krull, who has been free… Read More
23rd March 2021
Julius Baer Group AG moved to claw back bonuses for bankers involved in a Latin America money laundering scandal that prompted a regulatory probe, the second Swiss bank in less than a week to announce such a step. The bank, which published the decision in its annual report Monday,… Read More
15th March 2021
A Swiss prosecutor is probing whether the late Saudi king broke any laws when he transferred $100 million to a fund controlled by fellow royal Juan Carlos I of Spain in 2008. Last month, a hearing was held behind closed doors in Geneva to discuss a legal opinion that prosecutor… Read More
8th March 2021
By Will Fitzgibbon, ICIJ, 5 March 2021 ICIJ — A third person has pleaded guilty to financial crimes as part of a probe sparked by the Panama Papers investigation, newly released court documents show. The unexpected guilty plea by Joachim Alexander von der Goltz was… Read More
3rd March 2021
A money laundering trail totaling hundreds of millions of dollars that stretched from Latin America to South Florida has ended with corruption charges against a former Ecuadorian official and an investment manager once based in Miami. John Luzuriaga Aguinaga, 52, was arrested Monday on charges of accepting about $1.4 million… Read More
1st March 2021
By Max Radwin, InSight Crime, 27 February 2021 InSight Crime — An investigation has identified Mexico as a major contributor to a global seahorse trafficking network centered around China but this trade is also affecting other Latin American nations. The report, published in February by Mongabay… Read More
25th November 2020
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