Featured Peru

Sophisticated schemes revealed in Costa Rica gold ring

By Zachary Goodwin, InSight Crime, 2 September 2020 InSight Crime – Raids across Costa Rica have exposed a web of front companies filtering illegally mined gold to the United States, in the kind of multimillion-dollar laundering scheme not typically associated with the Central American country. In late August, Costa… Read More

Elite B.C., Ontario crime network laundering ‘hundreds of millions’ a year, inquiry hears

British Columbia and Ontario provide a base of operations for an elite network of professional money launderers identified by police in 2019 and washing “upwards of hundreds of millions” per year, B.C.’s Cullen Commission into money laundering heard this week. While Global News has reported on sophisticated transnational money-laundering networks… Read More

What Lockdown? World’s Cocaine Traffickers Sniff at Movement Restrictions

By Cecilia Anesi, Giulio Rubino, Nathan Jaccard, Antonio Baquero, Lilia Saúl Rodríguez and Aubrey Belford, OCCRP, 20 May 2020 OCCRP — As a wave of coronavirus infections hit Italy in late March, Rocco Molè, a member of the country’s ’Ndrangheta organized crime group, was faced with a dilemma. He was… Read More
7th May 2020
The US government has rejected calls for closer monitoring of efforts to fight trade-based money laundering (TBML), despite an independent audit concluding that significant strategic improvements are needed. The Government Accountability Office (GAO) – a non-partisan congressional watchdog – had been asked by US senators to examine the steps taken… Read More
22nd April 2020
Latin American governments have implemented some of the swiftest measures in the world to prevent the spread of the novel coronavirus. El Salvador closed its borders to foreign travelers and imposed a national quarantine on March 12, a full week before the country registered its first case of COVID-19, the… Read More
24th March 2020
A major operation across five regions of Peru has seen 47 prosecutors and 1,200 police officers arrest 18 people who, according to Peruvian authorities, were members of a criminal organization known as Los Topos (Spanish for “The Moles”), who focused on the illegal mining and trading of gold. Simultaneous raids… Read More
13th March 2020
A Peruvian prosecutor has requested three years in prison for former Peruvian first lady Nadine Heredia and two former ministers for alleged corruption in awarding state contracts to the disgraced Brazilian construction firm Odebrecht. Special Prosecutor Geovana Mori has accused Heredia of leading a scheme to steer a $7… Read More
9th March 2020
From the Andes mountains, thousands of artisanal gold-diggers for years sent fragments of metal to a Swiss valley. There, a refinery purified the gold to sell to banks, watchmakers, fine jewelers and electronics companies. It circulated as ingots, phones and trinkets – some branded with names including Apple and Tiffany… Read More
29th January 2020
Opposition leader Keiko Fujimori will be returned to jail while she’s investigated for money laundering, less than three months after she’d been freed by Peru’s top court on the grounds that her constitutional rights had been violated. In Tuesday’s ruling, the court said Fujimori should be arrested immediately and jailed… Read More
30th December 2019
The biggest corruption investigation in Latin America history began, humbly enough, at a Brazilian gas station, but as it steamrollered across the region, it took down top government officials and corporate titans alike. For those caught up in the scandal, it was a moment of reckoning. For ordinary citizens, it… Read More
30th December 2019
A former president of Peru is alleged to have benefited from a “massive” multimillion pound bribery scheme which saw more than £13 million wired to a Scotland-based firm, according to US prosecutors. Alejandro Toledo, who governed the South American nation from 2001 to 2006, was arrested in the US in… Read More
13th December 2019
There is no dispute that the Foreign Corrupt Practices Act grants the Department of Justice and the Securities and Exchange Commission broad jurisdiction to enforce the statute’s prohibition against bribery of foreign government officials. But in a recent FCPA action against Quad/Graphics Inc. (Quad), the SEC seems to have used… Read More
24th September 2019
Western Hemisphere nations voted Monday to employ a regional treaty to impose sanctions against embattled Venezuelan leader Nicolás Maduro, accusing his regime of criminal activity including drug trafficking and money laundering. In a meeting convened by the Organization of American States, 16 of the 19 states party to the Inter-American… Read More