14th April 2020
By Khadija Sharife and Mark Anderson, OCCRP, 13 April 2020 OCCRP — A group of Angolan government officials and senior bank executives funnelled hundreds of millions of dollars out of the country with little oversight, creating their own private banking network through which they sent the money to Portugal and… Read More
14th April 2020
Malta has requested the help of the US to avoid the possibility of being put on a list of countries that are not doing enough to fight money launderers. Sources said talks with the US government were held in recent months with a view to exploring a “partnership on financial… Read More
13th April 2020
Failure to tackle “significant” deficiencies in Malta’s anti-money laundering regime could potentially threaten financial stability, the International Monetary Fund (IMF) has warned. In its annual assessment of Malta’s economic wellbeing, the IMF charted how a failure to make a dent on shortcomings identified by Moneyval, the Council of Europe’s… Read More
10th April 2020
The EU on Thursday welcomed a report by the global chemical weapons watchdog blaming the Syrian government for toxic attacks, and said it was ready to consider further sanctions on Damascus. The Organisation for the Prohibition of Chemical Weapons on Wednesday for the first time explicitly blamed the regime of… Read More
9th April 2020
An international crime ring that conned hundreds of people out of millions of pounds has been broken up in police raids across Bulgaria and Serbia. Nine people were arrested in an operation co-ordinated by Europol and conducted by police in the two countries, as well as in Germany and Austria. Read More
7th April 2020
While more than 40 banks have reportedly expressed interest in Germany’s new crypto custody license, those firms may still have to put up with an anti-crypto sentiment among German banks. “If you try to open a bank account for a company that is in the space, you are working… Read More
6th April 2020
Criminals are increasingly trying to profit from the turmoil unleashed by the coronavirus pandemic, posing a new challenge to bankers who are expected to continue guarding against illicit financial flows. Austria’s financial regulator on Thursday became the latest authority to warn of a jump in criminal activity as the drastic… Read More
3rd April 2020
Europe’s top banking regulator is instructing financial institutions to pay closer attention to transactions linked to international trade, as the effects of Covid-19 prompt criminal groups to seek new ways of moving illicit funds and goods across borders. In a series of statements issued on Tuesday evening, the European Banking… Read More
2nd April 2020
The alternative financial system set up by the European Union to bypass US sanctions on Iran has had its first success 15 months after it was proposed. Britain, France and Germany were able to export medical goods under the Instex system. The Foreign Office said: “These goods are now in… Read More
2nd April 2020
When hackers broke into computers at Hammersmith Medicines Research, a London-based company that carries out clinical trials for new medicines, it was a nightmare scenario for managing director Malcolm Boyce. The coronavirus crisis was just beginning to take hold in the U.K., and the company was in talks with… Read More