3rd August 2020
The European Union on Thursday imposed travel and financial sanctions on a department of Russia’s military intelligence service and on firms from North Korea and China over their suspected participation in major cyberattacks across the world. In its first ever sanctions related to cybercrime, the EU targeted the department for… Read More
31st July 2020
Terrorism is historically an uncommon factor inside Malta, but terror financing is a distinct phenomenon which the island has not been immune to. A report by Malta’s Financial Intelligence Analysis Unit (FIAU) has revealed various cases in which Maltese credit institutions were used for the funding of terror organisations, as… Read More
31st July 2020
Right-wing extremists are moving into property to set up bases for their activities and anchor themselves in local communities, German intelligence services have warned. Neo-Nazis are seeking land and buildings in rural parts of eastern states, officials said. In Saxony the number of buildings known to be owned by far-right… Read More
31st July 2020
Political parties should adopt anti-money laundering practices to protect democracy, the elections watchdog has said in the wake of the Russia report. Parties are exempt from the regime that requires suspicious transactions of more than £10,000 to be reported to the National Crime Agency. More than £1 billion has been… Read More
31st July 2020
German authorities have asked Russian officials if Jan Marsalek, the former Wirecard AG executive who ran operations for the disgraced fintech company, had entered Russia and requested they act on an Interpol notice issued for his arrest. The request, made on July 22, and a “red notice” issued through multilateral… Read More
30th July 2020
Companies linked to two Russian oligarchs exploited the opaqueness of the art world to buy high-value art, bypassing U.S. sanctions, according to a report by the U.S. Senate’s Permanent Subcommittee on Investigations that was published on Wednesday. American companies are barred from doing business with sanctioned individuals. But the report… Read More
30th July 2020
For those that have long railed against the UK’s role as a global hub for money laundering and illicit finance, when it finally emerged last week, the Intelligence and Security Committee’s Russia Report did not disappoint. It contained a full house of elements that have led many to brand… Read More
30th July 2020
The UK’s top sanctions regulator has issued landmark guidance for all companies involved in maritime trade, instructing them to pay closer attention to vessel behaviour, company structures and potentially forged documents. The Office of Financial Sanctions Implementation (OFSI) warns that “a variety of tactics are deployed to confuse or conceal… Read More
30th July 2020
Nordea Asset Management dropped Brazilian meat giant JBS SA from all its funds this month over concerns stemming from the company’s handling of deforestation, corruption charges and employee health and safety amid the coronavirus pandemic. The Helsinki-based money manager made the decision “after a period of engagement with… Read More
30th July 2020
The Enforcement Directorate has filed a money laundering case against on run defence consultant Sanjay Bhandari to probe kickbacks worth USD 4.99 million allegedly received by him from South Korean major Samsung Engineering Co Ltd (SECL) in 2009, officials said on Monday. Bhandari’s firm was paid by SECL, in violation… Read More