Featured Georgia

Arrests Target Money-Laundering Service for Cyber Criminals

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

Credit Suisse Wins Bid to Keep Money Laundering Report Secret

Credit Suisse Group AG won a bid to stall the release of a report into how it failed to prevent fraud and money laundering by one of its former star bankers, Patrice Lescaudron. A Geneva appeals court issued a suspension order late last month to temporarily keep the two-year-old… Read More

A hidden tycoon, African explosives, and a loan from a notorious bank: questionable connections surround Beirut explosion shipment

OCCRP – Since the devastating explosion of a store of ammonium nitrate in Beirut’s port on August 4, Lebanese citizens have taken to the streets in shock, outrage, and grief. Above all, they have demanded answers: Where did the nearly 3,000 tons of explosive chemicals come from, and who… Read More
21st July 2020
OCCRP – A new project that will be led by Europol and financed by the European Commission will help the EU’s eastern neighbours — Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine — fight organized crime. “Located along the Black Sea and forming part of the ‘heroin route’ from the… Read More
11th June 2020
The 35-year-old man who was arrested last month in connection with one of the biggest money laundering cases in the Netherlands was identified as a recently homeless person originally from the country of Georgia. The case uncovered last month had police stumbling upon 12.6 million euros in cash hidden… Read More
19th May 2020
By Mattias Carlsson, Holger Roonemaa, Oliver Kund and Hannes Munzinger, OCCRP, 18 May 2020 OCCRP — Rita is almost 13,000 euros in debt and was convicted of shoplifting a bottle of gin. Ricardo is unemployed and has been arrested several times for drug possession and driving without a license. His mother,… Read More
31st March 2020
A Russian national described by the FBI as a “significant cybercriminal” has been charged in Pittsburgh with laundering money for other cybercriminals, joining five Latvians indicted here in January on similar charges. An FBI complaint was unsealed Monday against Maksim Boiko, 29, known as “gangass” in the cyberworld, after agents… Read More
17th September 2019
A Russian hacker at the center of an alleged scheme to steal financial data on more than 80 million JP Morgan Chase & Co. clients will plead guilty later this month, according to a U.S. court filing. Andrei Tyurin, who was extradited last year from the Republic of Georgia, is… Read More
23rd August 2019
TBC Bank co-founder Mamuka Khazaradze says that the equivalent of more than $16 million has been frozen on his accounts and on those of co-founder Badri Japaridze per a request of the Prosecutor’s Office. “This action serves only one purpose – to bring an end to the public movement we… Read More
25th July 2019
Georgian prosecutors charged TBC Bank Group’s (TBCG.L) chairman and his deputy on Wednesday with money laundering, a move the bankers said was absurd and damaged prospects for attracting investment to the country. Mamuka Khazaradze, chairman of the group that owns Georgia’s biggest retail bank and also a prominent… Read More
7th February 2019
AP — European Council President Donald Tusk took a swipe Wednesday at some Brexit-backers in Britain, wondering aloud what “special place in hell” might be reserved for those who had no idea how to deliver the country’s exit from the European Union. With less than two months to go until… Read More
29th September 2016
ONE of Scotland’s controversial tax haven firms has been used by Georgian officials to advertise the former Soviet republic as a holiday destination. Global anti-corruption organisation Transparency International has criticised the country’s national tourist agency for handing over hundreds of thousands of pounds to a newly-created Scottish limited partnership or… Read More