20th October 2020
Consider the current state of anti-money laundering efforts across the globe. Around 2% of global GDP is laundered annually, amounting to between $800B – $2T. Banks spend around $8B annually fighting it but affect only 0.1% of criminal finance. What we know then is that the ROI of… Read More
16th October 2020
Twenty people have been arrested as part of an investigation into QQAAZZ, a group that police said had laundered millions on behalf of the world’s most prolific cyber criminals. The arrests, part of a multinational investigation that included police in 15 countries, target a notorious gang of so-called money mules… Read More
16th October 2020
The European Union blacklisted six people in Russia allied to President Vladimir Putin as punishment for the attempted murder of opposition leader Alexey Navalny. The targets of the EU asset freezes and travel bans imposed on Thursday include Aleksandr Bortnikov, leader of Russia’s domestic spy agency; Sergei Kiriyenko, first deputy… Read More
14th October 2020
Cyprus said it was suspending a controversial citizenship for investment programme on Tuesday following reports of abuses of a system that gives the rich a passport and visa-free travel throughout the EU. Criticism of the programme reached a head after the Al Jazeera network secretly filmed a state official, a… Read More
14th October 2020
By Šarūnas Černiauskas, Vlad Lavrov and Stas Ivashkevich, OCCRP, 13 October 2020 OCCRP — In December 2010, Alexander Lukashenko celebrated his fourth reelection as the president of Belarus. The fight was far from fair: Lukashenko’s rivals argued that the dictator had abused his power to secure the win. The international… Read More
13th October 2020
Several high-ranking Cypriot officials, politicians, lawyers and real estate developers are implicated in a scheme that allows criminals to buy a European passport using the country’s citizenship through an investment programme, an Al Jazeera investigation has found. In The Cyprus Papers Undercover, Al Jazeera reveals how the country’s highest political… Read More
13th October 2020
The European Union agreed Monday to impose targeted sanctions against Russian officials and entities allegedly involved in the poisoning of Russian opposition leader Alexei Navalny but officials insisted the move should not undercut Europe’s continued high-level contacts with President Vladimir Putin. Foreign ministers meeting in Luxembourg backed a Franco-German… Read More
9th October 2020
Powerful European lawmakers are calling for significant reform to anti–money laundering controls across the continent in reaction to the “scandal” of the FinCEN Files, a global investigation from BuzzFeed News and the International Consortium of Investigative Journalists. The investigation revealed how the giants of Western banking move trillions… Read More
9th October 2020
Malta’s Individual Investor Programme has lost some 73 of its agents out of a list of 200 firms and approved agents selling citizenship to the ultra-rich. Of those 73, only four practitioners have had their license outright suspended by the IIP agency: these include two licences held by the legal… Read More
7th October 2020
Banks and other financial institutions could be forced to cut ties with cloud providers and other technology suppliers under a draft European Union regulation that aims to limit cybersecurity risks to the sector. National regulators in EU countries could require banks to stop using external technology services if their providers… Read More