22nd July 2020
The European Banking Authority will probe revelations contained in Luanda Leaks, an investigation led by the International Consortium of Investigative Journalists (ICIJ) into how billionaire businesswoman Isabel dos Santos made her fortune. Confirmation of the probe follows a demand by the European Parliament for the regulator to assess… Read More
21st July 2020
The former King of Spain is facing the growing prospect of a trial for money laundering after allegations that a secret Swiss bank account was used to pay for his holiday in Tahiti. Juan Carlos flew to the South Pacific island for a nine-day stay in January 2016. In October… Read More
21st July 2020
By Margot Gibbs, Finance Uncovered, 20 July 2020 OCCRP — Leaked documents and an affidavit from a whistleblower working at a major Western fishing company operating in African waters have given rare insight into how food multinationals can shift profits around the world to avoid paying taxes in developing countries. Read More
21st July 2020
The United States has slapped additional sanctions on Chechen leader Ramzan Kadyrov “for numerous gross violations of human rights.” The U.S. State Department said on July 20 that for more than a decade the Moscow-backed leader of Russia’s North Caucasus region of Chechnya had been responsible for abuses including torture… 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
21st July 2020
Around 10,000 defunct companies have been stricken off the Malta Business Registry, in another move intended to improve the island’s reputation. Companies were taken off the list when they failed to file annual reports or accounts or did not give official ownership information. Malta now has 96,000 companies on the… Read More
20th July 2020
A seven-and-a-half-year investigation into the origins of a fortune amassed by former Catalan premier Jordi Pujol has ended, bringing him, his wife and their seven children closer to standing trial for money laundering and other crimes. Judge José de la Mata of Spain’s High Court (Audiencia Nacional) on Thursday recommended… Read More
20th July 2020
The secretive world of Vatican finances will be laid bare in a legal dispute examining the alleged use of charitable donations from churchgoers around the world to buy prime London property. Two claims have been lodged at the High Court against the Vatican over the purchase of 60 Sloane Avenue,… Read More
20th July 2020
Interior Minister Nicos Nouris said on Saturday he would purge 5,000 non-governmental organisations (NGO) in the coming weeks if they did not properly register with the government. He told the Cyprus Mail that the period of three years already granted to NGOs to properly register, plus the number of extensions… Read More
20th July 2020
The leaders of France, Germany and Italy on Saturday threatened for the first time to use sanctions against countries that continued to violate a United Nations arms embargo on Libya. French President Emmanuel Macron, German Chancellor Angela Merkel and Italian Prime Minister Giuseppe Conte urged “all foreign actors to end… Read More