Libyan Warlord’s Oil Foray Draws U.S., U.N. Scrutiny
5th June 2020
Libyan Warlord’s Oil Foray Draws U.S., U.N. Scrutiny
The U.S. and other powers are investigating suspected efforts by Libyan militia leader Khalifa Haftar to raise funds through oil deals, including with Emirati brokers and Venezuela, according to U.S., European and Libyan officials. The United Nations and the official Libyan government are probing a Dubai-based ship charterer for possibly… Read More
Corruption at FIFA: 25 criminal cases and a prosecutor in hot water
4th June 2020
Corruption at FIFA: 25 criminal cases and a prosecutor in hot water
As the Federal Prosecutor’s Office continues to investigate numerous corruption cases linked to the Federation of International Football Associations (FIFA), dismissal proceedings have been launched against the Swiss attorney general, Michael Lauber, because of secret meetings he has held with the FIFA president. The story begins The Swiss component of… Read More
Danish state prosecutor drops investigation of Danske Bank auditor EY
1st June 2020
Danish state prosecutor drops investigation of Danske Bank auditor EY
Denmark’s state prosecutor has dropped its investigation into whether accounting firm EY breached anti-money laundering laws in connection with its audit of Danske Bank, the Danish Business Authority said on Friday. Some 200 billion euros ($222.74 billion) in payments flowed through the non-resident portfolio of Danske’s Estonian branch between 2007… Read More
North Koreans Accused of Laundering $2.5 Billion for Nuclear Program
1st June 2020
North Koreans Accused of Laundering $2.5 Billion for Nuclear Program
North Korean and Chinese citizens are operating a multibillion-dollar money laundering scheme to help fund the North’s nuclear weapons program, the Justice Department said in an indictment unsealed on Thursday. The case underscores the Trump administration’s inability to halt Pyongyang’s nuclear weapons program through diplomacy. The department charged 28… Read More
Germany Wants E.U. to Sanction Head of Russian Military Intelligence
29th May 2020
Germany Wants E.U. to Sanction Head of Russian Military Intelligence
Germany wants to impose a European travel ban and asset freeze on the head of Russia’s military intelligence agency and several of its spies in response to a 2015 cyberattack on the German Parliament that was traced back to Moscow earlier this month. The government will invoke a European… Read More
In Russia, scammers exploit pandemic to launder money using medical goods purchases
29th May 2020
In Russia, scammers exploit pandemic to launder money using medical goods purchases
The coronavirus pandemic has spawned a new form of financial fraud in Russia, with people using medical goods purchases as a front for money laundering scams, the central bank said on Thursday. Suspicious money transfers out of the country from domestic banks were at a record low last year, said… Read More
Syria’s Bitter Feud over Power, Drugs and Money
27th May 2020
Syria’s Bitter Feud over Power, Drugs and Money
The hashish was packed in milk cartons, a total of four tons of the stuff, carefully packed in 19,000 individual Tetra Paks. Customs officials discovered the cargo in mid-April on a ship in the Egyptian port of Said. It had come from Syria, and it was presumably bound for Libya,… Read More
Not So Green On The Other Side: How A Russian Tycoon’s Big U.S. Cannabis Bet Went Up In Smoke
22nd May 2020
Not So Green On The Other Side: How A Russian Tycoon’s Big U.S. Cannabis Bet Went Up In Smoke
When the authorities in Plumas County, California, inspected a new commercial hemp plantation in April 2019, they were so alarmed by what they found that they sought to impose a temporary moratorium on the emerging industry in unincorporated local towns. Greeted at the property by two armed guards with… Read More
Weeks After Sanctions, Russian Oligarch Received $50 Million “Antiquities” Shipment Labeled “Fabergé” at Panama Address
21st May 2020
Weeks After Sanctions, Russian Oligarch Received $50 Million “Antiquities” Shipment Labeled “Fabergé” at Panama Address
On April 28, 2018, an unusual shipment left Russia, bound for Panama. The shipment included two small packages each weighing just 900 grams (2 pounds) with packaging, and under 200 grams without. Their small size belied their worth; shipping documents valued them at $55,063 and $163,089.63, respectively. A third package… Read More
Hunt for bankrupt bankers’ booty
18th May 2020
Hunt for bankrupt bankers’ booty
They were hailed as geniuses for transforming the fortunes of a Russian bank facing ruin, with a little help from the Hollywood actor Bruce Willis. The resulting wealth helped to fund a life of luxury in England for Ilya Yurov and Nikolay Fetisov, complete with country mansions, London pieds-à-terre, holiday… Read More
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