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Evening Standard victory in secret papers fight over £14m ‘dirty cash’ case

Secret documents showing how a London couple brought at least £14 million of allegedly corrupt money from an “Azerbaijani laundromat” into Britain have been cleared for release by a judge in a partial court victory for the Evening Standard. Chief Magistrate Emma Arbuthnot said that this newspaper had an… Read More

EU adds Seychelles, Cayman Islands, Panama to tax haven blacklist, spares Turkey

European Union finance ministers added Panama, the Seychelles, the Cayman Islands and Palau to the EU’s blacklist of tax havens, while giving Turkey more time to avoid being listed, an EU document said on Tuesday. The list, which was set up in 2017 after revelations of widespread tax evasion and… Read More

New US Sanctions Power Could Squeeze Remaining Iranian Trade Channels

Fresh sanction powers authorized by President Trump against Iran could squeeze the remaining trade and finance channels keeping the Iranian economy on life support by threatening those companies still doing business with the country. The U.S. on Friday levied more sanctions on Iran in response to ballistic-missile attacks against… Read More

27th December 2019

Australian Defence contracts pass from Russian with money-laundering links to shady US military contractor Dyncorp

Dyncorp International is a US military contractor which has been embroiled in controversies around the world, is controlled by a private equity firm and provides a range of military services including supplying mercenary forces. It established DynCorp Australia in 2004 and public contract data shows that its pickings from the… Read More

11th November 2019

One year since 17 Black was revealed – the story so far

It has been a year since a joint investigation by Times of Malta and Reuters revealed that power station investor Yorgen Fenech owned the mystery company 17 Black. On Monday, Keith Schembri is expected to testify for the first time about the 17 Black connection in a libel case. Jacob… Read More

16th October 2019

Shadowy operators power Duterte’s offshore gaming boom

It has created 470,000 jobs. It contributes over $11 billion to the economy. It has even sparked a diplomatic clash with China. The strange thing is, nobody is sure who fully owns it. It’s not as though the Philippine offshore gaming operators who are transforming Manila, known collectively as POGOs,… Read More

30th July 2019

From Belarus to Bahrain, the small states going big on cryptocurrency

When Belarusian President Alexander Lukashenko met entrepreneur Viktor Prokopenya in March 2017, their discussion was scheduled to last for an hour but went on for three times that long. The meeting, Prokopenya said, ended with Lukashenko asking him to propose regulations to boost the country’s tech sector. Prokopenya worked with… Read More

29th July 2019

Russian Bitcoin Theft Suspect Sued for $100 Million by U.S.

Digital currency exchange BTC-e and one of its owners, a Russian whose extradition the U.S. is seeking from Greece to face criminal charges, now face a civil lawsuit in California. The U.S. is attempting to recover penalties of $100 million from the company and Alexander Vinnik for alleged violations of… Read More

24th May 2017

1 in 5 banks in Asia Pacific says tax evasion will more than double this year despite new rules

One in five banks in the Asia Pacific expects tax evasion in 2017 to increase 100 to 500 per cent over last year’s levels according to a recent poll by data analytics firm Fico. A further one in five senior fraud managers surveyed said they expect the increase to be… Read More

11th May 2017

Seychelles withdraws candidate for UN World Tourism post amid African Union sanctions threat

The Seychelles’ government has withdrawn the candidacy of its former minister of tourism for the post of Secretary General of the United Nations World Tourism Organisation (UNWTO) following a request from the African Union (AU) because of the possibility of sanctions against the island nation, the Vice President said Wednesday. Read More

31st October 2016

The intriguing Choudhrie family at the heart of Rolls-Royce investigation

Concerns raised over business relationships and finances of Sudhir Choudhrie and his son Bhanu, from one of India’s most high-profile families. Read More

3rd October 2016

China: DHID used 22 shell companies

The Dandong-based Chinese trading firm sanctioned by the U.S. last month for laundering money for a North Korean bank linked to the regime’s weapons of mass destruction program used at least 22 front companies for U.S. dollar transactions, according to U.S. court papers. Dandong Hongxiang Industrial Development Co. (DHID) established… Read More

25th April 2016

Seychelles assisting global probe into Malaysia’s 1MDB wealth fund

The Seychelles is helping an international investigation into the troubled state fund 1Malaysia Development Berhad (1MDB), the state's Financial Intelligence Unit on the Indian Ocean archipelago said. Read More

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