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21st December 2020

Spain Busts Alleged Russian Criminal Syndicate

By Will Neal, OCCRP, 18 December 2020 OCCRP — Authorities in Spain have arrested 23 alleged members of a Russian-speaking conspiracy to infiltrate public institutions and launder proceeds from criminal enterprises involving murder, extortion, and drug, arms and human trafficking in several countries around the world. The sting, announced… Read More

21st December 2020

U.S. Clears Danske of Sanctions Breach, But Case Isn’t Over

Danske Bank A/S probably didn’t breach U.S. sanctions when its Estonian unit handled billions of dollars in suspicious funds, meaning the lender could be facing a smaller fine than previously feared. Denmark’s biggest bank has been told by the U.S. Department of the Treasury’s Office of Foreign Assets Control… Read More

18th December 2020

Deripaska’s Rusal Role Was Flagged for U.S. Sanctions Review

European officials have provided information to the U.S. government indicating that Russian billionaire Oleg Deripaska continued to exert control this year over United Co. Rusal International PJSC, which the officials say was a breach of a U.S. sanctions agreement reached in 2018. An assessment sent to U.S. officials earlier… Read More

16th December 2020

U.S. investigation report hits SEB, Swedbank and Danske Bank shares

The Department of Justice (DOJ) and FBI are investigating SEB, Swedbank and Danske Bank over possible breaches of U.S. anti-money laundering regulations and fraud, Swedish newspaper Dagens Industri reported on Tuesday, sending the banks’ shares lower. Sweden had received requests for help from U.S. authorities investigating a Baltic money-laundering scandal… Read More

15th December 2020

U.S. imposes CAATSA sanctions on Turkey for S-400 Purchase

The U.S. has imposed sanctions on NATO-ally Turkey for its purchase of Russia’s S-400 missile defence system, U.S. Secretary of State Mike Pompeo announced on Monday. The issue of sanctions under Section 231 of the Countering America’s Adversaries Through Sanctions Act (CAATSA) for purchase of Russian arms is of particular… Read More

11th December 2020

UK Blacklists Gambia’s Ex-President, Nine Others Accused of Human Rights Abuses

Britain on Thursday slapped sanctions on The Gambia’s former president Yahya Jammeh as it widened travel bans and economic sanctions for human rights abuses worldwide, AFP reports. The former dictator, whose election defeat to Adama Barrow in December 2016 forced him to flee, was one of three from the West… Read More

10th December 2020

Trump Set Record Sanctions Use That Biden Is Likely to Maintain

The Trump administration has imposed sanctions at a record-shattering pace of about three times a day during the president’s time in office: a slew of measures targeting companies, individuals and even oil tankers tied to Iran, North Korea, China, Venezuela and Russia. President-elect Joe Biden’s team is promising a top-to-bottom… Read More

8th December 2020

Love, Offshores, and Administrative Resources: How Marrying Putin’s Daughter Gave Kirill Shamalov a World of Opportunity

By Roman Anin, Denis Dmitriev, Olesya Shmagun, Roman Shleynov, Dmitry Velikovski, Sonya Savina, Irina Dolinina and Alesya Marokhovskaya, OCCRP, 7 December 2020 OCCRP — In Russia, few secrets are guarded as jealously as basic information about President Vladimir Putin’s family. The president’s official biography confirms the… Read More

8th December 2020

Russian sentenced to French prison for bitcoin laundering

AP — A Russian bitcoin expert at the center of a multi-country legal tussle was sentenced in Paris on Monday to five years in prison for money laundering and ordered to pay 100,000 euros (more than $120,000) in fines in a case of suspected cryptocurrency fraud. A… Read More

7th December 2020

Maltese firm for ‘ultra-rich’ employing ex-minister fined for money laundering breaches

A politically-exposed Russian with alleged ties to the mafia has been flagged by the FIAU after using a membership-only credit card service company which former Economy Minister Chris Cardona joined after leaving politics. Malta’s Financial Intelligence Analysis Unit this week announced that Insignia, a ‘luxury lifestyle management group’ has been… Read More

Must Read

Cayman Islands, Morocco Placed on Terror-Financing Watch List

Global money laundering watchdog keeps Pakistan on terrorism financing ‘grey list’

Tax transparency: MEPs mount renewed challenge over Openlux exposé

Lawyers, accountants and other professionals play key role in cross-border financial crime, OECD warns in new report

UAE Executive Office to combat money laundering, terrorism funding