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Interpol Leads International Crackdown on Human Trafficking, Smuggling

By Julett Pineda Sleinan, OCCRP, 13 April 2021 OCCRP — In a joint operation led by Interpol, police from 24 countries arrested 195 suspects of human trafficking and migrants smuggling and rescued 500 victims, including children, the international police organization said on Friday. Operation Weka… Read More

Casinos Concerned as Macau Eyes Digital Currency for Financial Crime Fight

Macau has moved a step closer to the potential introduction of a digital currency as it seeks to better combat money laundering and tax evasion in the world’s biggest gambling hub. The government plans to amend laws to regulate the issuance of a virtual legal tender, Chief Executive Ho Iat… Read More

Myanmar Gems Enterprise Sanctioned By U.S.

The U.S. Treasury Department last Thursday sanctioned Myanma Gems Enterprise (MGE), the state-owned entity responsible for all of the country’s gemstone-related activities. Gemstones are a key economic resource for the Myanmar military as it violently represses protests against the Feb. 1 coup and lethally attack the country’s people, including… Read More

12th April 2021

‘Grave matters’ to be examined as WA Crown royal commission begins

Western Australia’s royal commission into Crown Resorts has commenced, with chairing commissioner Neville Owen declaring the inquiry will examine “grave matters of private and public interest”. The first royal commission called in the state in 20 years, which has been named the Perth Casino Royal Commission,… Read More

12th April 2021

‘Aphrodisiac’ of the ocean: how sea cucumbers became gold for organised crime

It’s after sunset in Jaffna when Anthony Vigrado dives into the waters of Palk Bay, scanning the seafloor to collect what seems to be prized treasure. What he comes back with are sea cucumbers – long, leathery-skinned creatures that are increasingly valuable and the source of his income for the… Read More

11th April 2021

U.S. Blacklists Seven Chinese Supercomputing Firms

The U.S. added seven Chinese supercomputing firms to a list of entities banned from receiving exports from American companies, citing activities contrary to the national-security or foreign-policy interests of the U.S. The companies were added so-called entity list, which prohibits American firms from doing business with them without first obtaining… Read More

8th April 2021

Australia Trade Minister Tells China Sovereignty Non-Negotiable

Australian Trade Minister Dan Tehan said the government will protect the country’s sovereignty and national interest, in response to a warning from China’s ambassador that it will “respond in kind” if Canberra joins sanctions on officials accused of human rights abuses. “That’s something we’ve made very clear is non-negotiable,” Tehan… Read More

7th April 2021

Hong Kong Courts the Rich as China Tightens Its Grip

Political opposition has been quashed. Free speech has been stifled. The independent court system may be next. But while Hong Kong’s top leaders take a tougher line on the city of more than seven million people, they are… Read More

6th April 2021

ByteDance’s plea to unblock bank accounts dismissed by Indian Courts

An Indian court on Tuesday dealt a blow to China’s ByteDance by dismissing its plea to unblock its bank accounts which have been frozen by federal authorities investigating alleged tax evasion. An Indian tax intelligence agency in mid-March ordered HSBC and Citibank in Mumbai to freeze accounts of ByteDance India… Read More

1st April 2021

Credit Suisse lurches from one risk management crisis to the next

Credit Suisse’s chief executive had a blunt message for his bank: it has “an attitude to risk that has to change . . . there has to be consequences”. But it was not Thomas Gottstein speaking this week after the Swiss lender warned of huge losses on trades with its client Archegos Capital Management. Read More

1st April 2021

ByteDance says it is ‘bleeding’ due to India bank account freeze, no relief from court

An Indian court on Wednesday granted no relief to China’s ByteDance, owner of the TikTok video app, in a case where the company challenged the local tax authority’s decision to block its Indian bank accounts, dealing a blow to its operations. Indian authorities in mid-March blocked ByteDance’s bank accounts for… Read More

30th March 2021

Money trail from Daphne murder probe stretches to China

A widening investigation into allegations of high-level corruption on the island of Malta, first levelled by murdered journalist Daphne Caruana Galizia, stretches to China and a $400 million investment into Europe by a Chinese state power company, Reuters has found. Caruana Galizia was murdered in October 2017 as she investigated… Read More

27th March 2021

Canada calling? Hong Kong residents shift billions abroad after clampdown

As China imposed a sweeping national security law in Hong Kong last year after massive protests, residents of the city moved tens of billions of dollars across the globe to Canada, where thousands are hoping to forge a new future. Capital flows out of Hong Kong banks reaching Canada rose… Read More

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