13th October 2020
Several high-ranking Cypriot officials, politicians, lawyers and real estate developers are implicated in a scheme that allows criminals to buy a European passport using the country’s citizenship through an investment programme, an Al Jazeera investigation has found. In The Cyprus Papers Undercover, Al Jazeera reveals how the country’s highest political… Read More
13th October 2020
The European Union agreed Monday to impose targeted sanctions against Russian officials and entities allegedly involved in the poisoning of Russian opposition leader Alexei Navalny but officials insisted the move should not undercut Europe’s continued high-level contacts with President Vladimir Putin. Foreign ministers meeting in Luxembourg backed a Franco-German… Read More
12th October 2020
By Eli Moskowitz, OCCRP, 9 October 2020 OCCRP – Cyprus will begin the process of revoking passports belonging to seven individuals who obtained them by submitting false information on their applications for the country’s Citizenship by Investment Program, according to a Wednesday government press release. Following a meeting… Read More
12th October 2020
Opposition MP Claudio Grech has urged the government to introduce unexplained wealth orders to give the authorities more powers to seize assets potentially financed by criminal activities. While offering its support to the proceeds-of-crime bill being discussed in parliament, Grech told Times of Malta that the bill missed a… Read More
12th October 2020
The widow of the late founder of suicide prevention charity Console has appeared in court charged with fraudulent trading and money laundering over a ten year period. The case of Patricia Kelly, 59, was mentioned briefly in Dublin circuit criminal court yesterday morning. Ms Kelly, of Alexandra Manor, Clane, Co… Read More
9th October 2020
Powerful European lawmakers are calling for significant reform to anti–money laundering controls across the continent in reaction to the “scandal” of the FinCEN Files, a global investigation from BuzzFeed News and the International Consortium of Investigative Journalists. The investigation revealed how the giants of Western banking move trillions… Read More
9th October 2020
Swiss federal prosecutors said on Thursday they had opened a criminal investigation of Geneva-based Banque Cramer & Cie as part of a wide-ranging corruption probe surrounding Brazilian state oil company Petrobras and construction firm Odebrecht. “The (Office of the Attorney General) suspects a lack of internal organisation of the bank… Read More
9th October 2020
Five cases of suspected money laundering using remittance agents were referred to the police for investigation by the Financial Intelligence Analysis Unit over the past four years. An FIAU analysis released recently shows that between January 2017 and May 2020, remittance agents submitted 98 suspicious transaction reports. Just over a… Read More
9th October 2020
AP — Pope Francis told European anti-money laundering experts Thursday that the Vatican was committed to “clean finance,” as he denounced financial speculation amid a spiraling corruption investigation in the heart of the Holy See. It is rare for a head of state to meet with the Council of Europe’s… Read More
9th October 2020
Malta’s Individual Investor Programme has lost some 73 of its agents out of a list of 200 firms and approved agents selling citizenship to the ultra-rich. Of those 73, only four practitioners have had their license outright suspended by the IIP agency: these include two licences held by the legal… Read More