Featured Germany

Panama Papers Case to Net First U.S. Conviction

A German businessman charged with evading U.S. taxes as part of an investigation sparked by a trove of leaked documents known as the Panama Papers will plead guilty, federal prosecutors said. Harald Joachim von der Goltz, a former U.S. resident who was indicted along with three others in 2018… Read More

The Money Behind Trump’s Money: The inside story of the president and Deutsche Bank

One day in early 2017, Mike Offit went to the Yale Club in Manhattan for a lunch hosted by a group called Business Executives for National Security. Offit, who has a craggy face and shoulder-­length hair, had spent much of his career in banking, but that had ended nearly two… Read More

Airbus bribery scandal triggers new probes worldwide

Fallout from the Airbus bribery scandal reverberated around the world on Monday as the head of one of its top buyers temporarily stood down and investigations were launched in countries aggrieved at being dragged into the increasingly political row. Airbus agreed on Friday to pay a record $4 billion in… Read More
31st January 2020
Strong police troops raided homes and offices of money laundering suspects across Germany and Belgium Thursday in an attempt to track a money trail flowing from an Azerbaijani laundromat operation to shell companies in the Baltic, the Frankfurt Prosecutor’s Office confirmed. One current and one former member of… Read More
30th January 2020
Police have conducted investigations at various Latvian banks associated with the non-resident banking sector, according to unofficial information reported by Latvian Television (LTV) January 29. According to LTV, the investigations took place yesterday but are not linked to the ABLV bank case which seized the headlines. Subsequently, LTV reported that the banks involved… Read More
29th January 2020
Deutsche Bank’s Switzerland-based wealth management division paid $1.1 million to secure lucrative business arrangements with a senior member of the Saudi royal family, the Financial Times reported Sunday, citing the findings of an internal probe conducted by the bank. The funds, which were offered in tandem with an internship… Read More
27th January 2020
Her website once described her as a “poet, mezzo-soprano, designer and exotic Uzbekistan beauty”. Or, as more critical voices have put it, a “robber baron” who purloined hundreds of millions of pounds in bribes. Now another facet of Gulnara Karimova has come to light: former neighbour of Sir Bruce Forsyth. Read More
24th January 2020
They made quite a team. One was an Oxford-educated wunderkind who handled the complicated math behind the transactions. The other was a beefy, 6-foot-2 New Zealander with an apparent fondness for Hawaiian shirts, who brought in clients and money. Martin Shields and Paul Mora met in 2004, at the London… Read More
24th January 2020
The U.S. Treasury Department on Thursday blacklisted four foreign companies for allegedly supporting and facilitating Iran’s petrochemical and petroleum exports, among the latest efforts by Washington to ramp up pressure on Tehran. The Treasury alleged the four companies, based in areas ranging from Hong Kong to Shanghai to Dubai, collectively… Read More
6th January 2020
Iran will no longer honor its commitment to limit its enrichment of uranium, stepping away from a key component of the landmark nuclear deal it agreed to with six nations, including the United States, in 2015. The announcement was reported Sunday in Iranian state media. It marks the latest in… Read More
1st January 2020
German politicians have called on Europe to adopt protective measures against U.S. sanctions after Washington managed to halt completion of a new submarine gas pipeline linking Russia directly to Germany. The bipartisan U.S. move initiated by Congress last week threatened sanctions against companies working on completing Nord Stream 2, Europe’s… Read More
30th December 2019
A group of international investors managing trillions of dollars in assets has filed what it says is the first in a series of lawsuits against Danske Bank in connection with the money laundering scandal engulfing Denmark’s largest lender. The writ, which was filed on Friday in the District Court… Read More
26th December 2019
U.S. President Donald Trump imposed sanctions last week on the Nord Stream 2 pipeline designed by Moscow to bypass Ukraine and increase gas supplies via the Baltic Sea to Germany, Russia’s biggest energy customer. The United States wants to sell more of its gas to Europe and has said the… Read More