26th December 2019
Since 2012, hundreds of millions of dollars from Kyrgyzstan — one of the poorest countries on earth — have poured into bank accounts in Europe, the United States, and the Middle East on behalf of a single family. Much of that money ended up in an expansive real estate portfolio… Read More
20th December 2019
Transactions at Pilatus Bank involving the daughters of Azerbaijan ruler Ilham Aliyev and the sons of  his minister for emergency situations Kamaleddin Heydarov, show “commonly accepted red flags for money laundering”, a forensic review included in the Egrant magisterial inquiry concludes. On the basis of this suspicion that the… Read More
20th December 2019
U.S. sanctions against Iran have forced Brazilian beef exporters to re-route shipments through nearby countries, adding to costs but largely maintaining trade flows, according to exporters and trade data compiled by two industry groups. Meatpackers now send much of their Iran-bound beef to other ports in the Middle East, where… Read More
17th December 2019
The Financial Action Task Force (FATF) on Monday will warn Turkey that it must address “serious shortcomings” in its efforts to prevent money laundering and terrorist financing, or face potential inclusion on the intergovernmental group’s “grey list,” the Financial Times reported. As part of its findings, the Paris-based watchdog… Read More
12th December 2019
A U.S. Senate committee has passed legislation with bipartisan support to hit Turkey with sanctions but refrained from voting on a controversial Russian sanctions bill. It also approved legislation to help finance energy projects in Central and Eastern Europe with the goal of reducing the region’s dependence on Moscow and… Read More
6th December 2019
A member of the Kyrgyzstan Parliament is proposing further government investigation following reports by OCCRP and its media partners that the country has harbored money laundering that is worth hundreds of millions of dollars and has cost the lives of currency couriers crossing its borders. Maksat Sabirov on Thursday… Read More
5th December 2019
Take the arrest of an Iranian-born Turkish citizen during a jaunt to Disney World. Factor in the irrepressible Rudy Giuliani, who briefly served as the arrested man’s lawyer. Add a dash of Turkey’s authoritarian leader, Recep Erdogan, a favorite of President Donald Trump. Mix in a massive leak of more… Read More
5th December 2019
On the last night of his life, Khusan Kerimov had a package to deliver: $1.6 million in cash. Late in the evening on October 22, he headed for Manas International Airport, a half hour outside of Bishkek, Kyrgyzstan. It was a routine the 39-year-old taxi driver had down cold, having… Read More
26th November 2019
President Donald Trump told the Treasury Department and Justice Department to look into the impact of U.S. sanctions on a Turkish state-owned bank after being lobbied by Turkey’s president, a Treasury official acknowledged in a letter last week to a top Democratic senator. The letter, sent in response to… Read More
22nd November 2019
On Istanbul’s European side, the Ottoman-era Çırağan Palace rises grandly above the waters of the Bosphorus. Once, the servants of Sultan Abdülâziz hurried up and down its marble halls. After a fire gutted the interior in 1909, it was left in ruins for years, its garden used as a football… Read More