2nd July 2020
The US House of Representatives on Wednesday joined the Senate in approving a bill to rebuke China over its crackdown in Hong Kong by imposing sanctions on groups that undermine the city’s autonomy or restrict its freedoms. The bill targets police units that have cracked down on Hong Kong… Read More
24th June 2020
A Hong Kong university student and her boyfriend have been arrested on suspicion of laundering more than HK$360 million (US$46 million) through their bank accounts, according to police. The 22-year-old woman, in her fourth year at university, and her 32-year-old unemployed boyfriend were detained when officers raided his home in… Read More
24th June 2020
The Financial Markets Authority is taking a company to court over nearly $50 million worth of transactions that it alleges breached the anti-money laundering act. The authority has filed proceedings in the High Court at Auckland against CLSA Premium New Zealand Ltd, formerly KVB Kunlun New Zealand Ltd. CLSAP NZ… Read More
23rd June 2020
Hong Kong’s market watchdog fined a unit of Chinese securities broker Guotai Junan Securities HK$25.2 million ($3.25 million) for “multiple internal control failures” concerning anti-money laundering and other areas. Guotai Junan Securities (Hong Kong) had failed to detect numerous potentially suspicious transactions or report them appropriately, the Securities and Futures… Read More
15th June 2020
One Hong Kong businessman moved $10 million to Singapore and plans to transfer more. Another is eyeing London property, worried that prices in Hong Kong are too high. Well-to-do families across the city are opening offshore bank accounts and applying for alternative passports. While it doesn’t add up to an… Read More
3rd June 2020
US authorities said on Monday that they had extradited a former Chinese official from Sweden to Los Angeles to face charges of money laundering and immigration fraud. The US Department of Justice (DOJ) said it took Qiao Jianjun into custody on Friday for, among other charges, allegedly conspiring to commit… Read More
2nd June 2020
It is a sheaf of paper just 15mm thick. But the ink on its pages records kickbacks totalling R9-billion paid or pledged to the Guptas and their associates. These pages and offshore banking data tell the story of how Transnet’s ambitious plan a decade ago to renew its locomotive fleet… Read More
28th May 2020
The U.S. House voted Wednesday to authorize sanctions against Chinese officials for human rights abuses against Muslim minorities, as Congress and the White House ratchet up pressure on the government in Beijing amid rising tensions between the world’s two biggest economies. The 413-1 vote comes on the same day the… Read More
22nd May 2020
Two U.S. senators are proposing legislation to punish Chinese entities involved in enforcing proposed new security laws in Hong Kong and penalize banks that do business with those entities, adding to a growing list of initiatives in Congress aimed at China’s government. The bill is being introduced in Congress as… Read More
19th May 2020
By Mattias Carlsson, Holger Roonemaa, Oliver Kund and Hannes Munzinger, OCCRP, 18 May 2020 OCCRP — Rita is almost 13,000 euros in debt and was convicted of shoplifting a bottle of gin. Ricardo is unemployed and has been arrested several times for drug possession and driving without a license. His mother,… Read More