17th April 2020
By Will Neal, OCCRP, 16 April 2020 OCCRP — With coronavirus cramping the usual activities of gangsters, organized crime is increasingly going online, experts said on Thursday, following the bust of a group attempting to sell millions of non-existent masks to German health authorities. Europol announced this week that authorities… Read More
15th April 2020
An Irish man in Roscommon is being questioned as part of an international investigation into a “sophisticated” €15 million Covid-19 personal protective equipment financial scam. Members of the Garda National Economic Crime Bureau and gardaí from Co Roscommon interviewed an Irish citizen on Friday, April 10th, over the suspected… Read More
5th March 2020
Plans by lenders in the Netherlands to tackle complex international money-laundering schemes together have won support from regulators following a seven-month investigation to assess the Dutch financial sector’s exposure to the scandal that engulfed Danske Bank Estonia. De Nederlandsche Bank, or DNB, wrapped up the investigation in December after pinpointing… Read More
28th February 2020
German law enforcement officials descended upon ABN Amro NV’s offices in Frankfurt for a second time in three months to probe the bank’s involvement in a tax scandal that’s ensnaring a rising number of companies. Police cars were parked in a line outside the offices of the Dutch bank… Read More
19th February 2020
ABN Amro has more than 2,000 people working full-time on tracing fraud, money laundering and other financial crime, chief executive Kees van Dijkhuizen said at the presentation of the bank’s annual results on Wednesday. The total, around 9% of the workforce, is twice the number of financial crime investigators employed… Read More
13th February 2020
The European Commission has sent legal warnings to Cyprus, Portugal, the Netherlands and five other EU states over their delays in applying new anti-money laundering rules adopted at European Union level two years ago. The 27 EU states were required to enact by January tighter rules to counter dirty-money risks… Read More
13th February 2020
A number of international banks were declining to do business with Maltese nationals as they viewed the jurisdiction to be too risky, sources within Malta’s financial institutions warned. Sources from the financial sector and banking regulators confirmed they had received reports from Maltese nationals and Malta-based businesses after overseas banks… Read More
5th February 2020
A Milan court ordered Dutch lender ING (INGA.AS) to pay 30 million euros ($33.17 million) to settle a money-laundering case in Italy, a judicial source said on Tuesday. The judge Roberto Crepaldi imposed a penalty of 1 million euros and ordered another 29 million euros to be confiscated from… Read More
30th January 2020
On January 23, 2020, the Internal Revenue Service published a news release titled “Global tax chiefs undertake unprecedented multi-country day of action to tackle international tax evasion.” The announcement highlighted a coordinated effort across the United Kingdom, United States, Canada, Australia and the Netherlands to combat money laundering and… Read More
28th January 2020
HM Revenue & Customs has helped uncover £200m worth of suspected tax evasion and money laundering in the UK. The action — which occurred as part of a series of investigations in Australia, Canada, the Netherlands, the US and the UK — is centred around a Central American financial institution… Read More