18th September 2020
The former president of international athletics has been jailed for two years by a French court after being found guilty of taking millions of pounds in bribes to cover up positive drugs tests by Russian athletes. Lamine Diack, 87, who ran athletics for 16 years until he was succeeded by… Read More
14th September 2020
Germany, France, Italy, Spain and the Netherlands called on the European Commission to draw up strict regulation for asset-backed cryptocurrencies such as stablecoins to protect consumers and preserve state sovereignty in monetary policy. The finance ministers of the five European Union member states said in a joint statement on Friday… 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
27th August 2020
The UN on Tuesday dismissed a controversial bid by the United States to reimpose all international sanctions against Iran, laying bare the differences between Washington and other members of the Security Council on Iran policy. The council presidency, held by Indonesia since in August, said it was “not in a… Read More
25th August 2020
The federal prosecutor’s office in Brussels has opened a criminal investigation into the Swiss bank Credit Suisse, in particular the dealings of 2,600 Belgian clients suspected of using Swiss bank accounts to evade taxes. “A criminal investigation has been opened against Credit Suisse for money laundering and unlawfully acting as… Read More
27th July 2020
A few years ago, the biggest banks in one of the richest corners of the globe were adding thousands of jobs to a department that suddenly seemed more important than most others: compliance. But with headcount growing more than 10-fold in some cases, those same jobs are now at risk. Read More
27th July 2020
A lawyer at one of the UK’s most prestigious law firms has been accused of relaying an offer of a £1m “bribe” to police officers as part of a bizarre plot to release €300m (£274m) hidden in a Swiss bank account, according to court transcripts obtained by the Guardian. Mike… Read More
24th July 2020
By Eli Moskowitz, OCCRP, 23 July 2020 OCCRP – As Argentina has been renegotiating its US$65 billion debt with foreign creditors, it is also grappling with the fact that up to six times that amount is believed to be held by its citizens and companies offshore. Repatriating a portion… Read More
20th July 2020
A co-founder of Boohoo has been running a fast-fashion brand with two associates who were investigated over accusations of links to organised crime and money laundering. Jalal Kamani, 60, now runs the I Saw it First women’s wear website and has been connected to a factory in Leicester at… Read More
17th July 2020
UBS will no longer be informed or be able to contest customer data the Swiss tax authorities hand over to counterparties in France investigating alleged tax avoidance, a Swiss court said on Wednesday. Switzerland’s Federal Administrative Court upheld a decision to revoke UBS’s position as a party to the arrangements over… Read More