Featured Central Asia

In bed with a dictator’s daughter — again

By Ola Westerberg, Joachim Dyfvermark and Sven Bergman, OCCRP, 16 September 2020 OCCRP – The tall Swede was insistent as he spoke to journalists and analysts in his characteristically deep, rumbling voice: “I have said it before and I will repeat it: TeliaSonera did not bribe anyone.” Lars Nyberg,… Read More

Switzerland agrees terms for returning confiscated Uzbek assets

Switzerland has agreed in principle with Uzbekistan on the terms under which assets confiscated as part of a money laundering investigation against Gulnara Karimova, the eldest daughter of the late Uzbek president, will be returned to the central Asian nation. The agreement signed by the two countries will see assets… Read More

Malta gets another downgrade at crucial juncture for financial services industry

Malta’s lucrative financial services industry and its international ranking has suffered another blow as the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes has downgraded the island’s standing to “partially compliant”. This downgrade ranks Malta as one of the countries with the lowest standards in the… Read More
8th September 2020
“Promo Offer!” flashed up the advertisement on a Scottish vendor’s WhatsApp story, offering a discount on your next purchase if you referred five more customers. The updated price list offered further discounts for bulk buys. There was also a reminder to get orders in early, as, because of lockdown restrictions,… Read More
18th August 2020
By Kristian Lasslett, openDemocracy, 17 August 2020 openDemocracy – With its elegant tree-lined streets and upmarket residences, Geneva’s Vandoeuvres district typifies the extreme wealth that runs through the secretive financial veins of Switzerland. The country, which the Tax Justice Network calls “the grandfather of the world’s tax havens”,… Read More
23rd July 2020
A costly visa favored by Russian oligarchs and other wealthy investors should be completely revised because it was widely exploited and applicants weren’t adequately vetted, according to a report that laid out the scale of the country’s infiltration in U.K. society and politics. “The U.K. welcomed Russian money, and… Read More
16th July 2020
In early May, border force officers at the UK’s bustling Dover port intercepted a shipment described as “medical supplies”, apparently addressed to a London hospital. However, concealed under medical dry ice, police found more than a quarter of a tonne of cocaine, carrying a street value of as much as… Read More
15th July 2020
Streamlining anti-money laundering checks, longer central bank opening hours and linking national systems would cut cross-border payment costs, global regulators said on Monday. Payments have come under the spotlight since Facebook proposed its Libra digital stablecoin, prompting central banks to think about launching their own digital currency. A report by… Read More
9th July 2020
Tether and other so-called cryptocurrency stablecoins have long flown under the radar of international regulators. That’s about to change. The Financial Action Task Force, with members from about 200 countries who recommend ways to stop money laundering and the financing of terrorism, said in a report Tuesday that stablecoins… Read More
7th July 2020
Private-sector institutions that facilitate the flow of money across the global financial system are often best placed to detect when the system is being abused by criminals. But the sheer volume of data banks collect can make screening for financial crime difficult. Mariano Federici, the former head of Argentina’s Financial… Read More
1st July 2020
Over the past 12 months, under its Chinese presidency, the Financial Action Task Force (FATF) has made a welcome effort to engage with and promote the importance of financial investigation as a tool to combat the illegal wildlife trade (IWT). As per his objectives, Xiangmin Liu has used his… Read More
30th June 2020
By RFE/RL, OCCRP, Bellingcat and Kloop, 29 June 2020 OCCRP – A charitable foundation run by Kyrgyzstan’s politically powerful Matraimov family received much more money than previously known from an underground network that laundered a vast fortune out of the country, according to newly revealed bank records. The questionable funds represent… Read More
30th June 2020
The grandson of the former president of Kazakhstan and other respondents have submitted a demand for 1.5 million pounds in costs from Britain’s National Crime Agency after the High Court struck down anti-graft orders against them, a spokeswoman said. The demand for costs underscores the difficulties Britain has faced in… Read More