14th August 2020
Li Qianxin, the elder daughter of the Chinese Communist Party’s No. 3 leader, has quietly crafted a life in Hong Kong that traverses the city’s financial elite and the secretive world of Chinese politics. For years, she has mingled with senior executives of state companies through Hong Kong and mainland… Read More
13th August 2020
China’s largest state-run banks operating in Hong Kong are taking tentative steps to comply with U.S. sanctions imposed on officials in the city, seeking to safeguard their access to crucial dollar funding and overseas networks. Major lenders with operations in the U.S. including Bank of China Ltd., China… Read More
13th August 2020
Indian tax authorities raided the premises of a few Chinese entities and their associates for money laundering, according to an official statement late on Tuesday, adding to New Delhi’s growing discomfort with Beijing after a border clash in June. Since the clash, Prime Minister Narendra Modi’s government has taken steps… Read More
12th August 2020
The Chairman of Delta Asia Financial Group, Stanley Au, indicated in a statement sent to Macau News Agency (MNA) that the lifting of sanctions imposed by US authorities on Delta Asia Bank was the result of ’15 years of an unrelenting effort’ and an important step forward’ for the bank’. Read More
11th August 2020
Citigroup Inc. and Standard Chartered Plc are stepping up scrutiny of banking clients in Hong Kong, aiming to avoid violating U.S. sanctions on officials in the former British colony. U.S.-based Citigroup is already taking steps to suspend accounts linked to some of the 11 targeted individuals, one person… Read More
10th August 2020
The U.S. levied sanctions on some of Hong Kong’s leading officials and China’s top enforcers of Beijing’s clampdown on the territory, ratcheting up the Trump administration’s use of sanctions against senior Chinese political figures. The Treasury Department measures target the territory’s Beijing-appointed chief executive Carrie Lam and several other current… Read More
10th August 2020
In March, Interpol revealed details of a criminal scheme involving compromised emails, advance-payment fraud and money laundering across Germany, Ireland and the Netherlands. The case involved two sales companies in Zurich and Hamburg, contracted by German health authorities to procure face masks, that were duped into making payments to what… Read More
7th August 2020
By Mark Anderson, Khadija Sharife and Nathalie Prevost, OCCRP, 6 August 2020 OCCRP — As militant groups spread across the Sahel, the West African nation of Niger went on a U.S.-backed military spending spree that totaled about US$1 billion between 2011 and 2019. But almost a third of that money was… Read More
7th August 2020
There are many ways to start a business and make money on the Chinese super app WeChat. But some users have found a very simple way to make some fast cash without any skills at all: let others pay to use their WeChat accounts. With WeChat central to so many… Read More
4th August 2020
Japanese politicians from across the political spectrum have set up a group to discuss a bill that would impose sanctions on foreign individuals and organisations that have committed human rights abuses, with particular attention being paid to Hong Kong. The group held its first meeting on Wednesday, with 30… Read More