18th August 2020
The Trump administration is readying new rounds of sanctions against Syria, U.S. officials said, planning to expand its blacklist by focusing on financial-support networks outside the war-torn nation in a renewed effort to coerce Damascus into peace talks. As President Bashar al-Assad has secured military and political gains in… Read More
18th August 2020
Malta’s consul to Shanghai was charged with money laundering on Sunday after police discovered a large sum of money hidden in his home. Aldo Cutajar, 55, was remanded in custody after being arraigned in court by the police’s Economic Crimes Unit along with his wife Isabel. The police told the… Read More
17th August 2020
The Justice Department announced Thursday it had seized millions of dollars’ worth of cryptocurrency meant to fund terrorist groups such as al-Qaeda and the Islamic State, in what law enforcement officials called an unprecedented crackdown against terrorist fundraising on social media. In addition to seizing funds, U.S. officials said they… Read More
14th August 2020
Police have detained former Ecuadorian President Abdala Bucaram for the second time in two months, this time in an organized crime probe. Ecuadorian Interior Minister Maria Paula Romo told a local radio station that Bucaram was arrested at his home in the port city of Guayaquil on Wednesday as part… Read More
13th August 2020
The Trump administration is preparing to impose anticorruption sanctions against prominent Lebanese politicians and businessmen in an effort to weaken Hezbollah’s influence in the aftermath of last week’s explosion in Beirut’s port, according to U.S. officials and others familiar with the plans. The blast, which killed at least… Read More
13th August 2020
By Hazem Ameen and Alia Ibrahim (Daraj.com) and Tom Stocks, Riad Kobaissi, and Rana Sabbagh (OCCRP), 11 August 2020 OCCRP – Offshore companies owned by the governor of the Central Bank of Lebanon have quietly invested in overseas assets worth nearly US$100 million in recent years, even as he has… Read More
7th August 2020
Lebanon’s central bank has ordered a freeze on the accounts of the heads of Beirut port and Lebanese customs along with five others, following the Beirut port warehouse blast that rocked the capital, according to a central bank directive seen by Reuters and confirmed by the central bank. The directive,… Read More
7th August 2020
The U.S. designation last week of a new Turkey-based member of the notorious Rawi Network for allegedly facilitating money transfers to the Islamic State (IS) in Syria has raised fresh concerns among observers that jihadists continue to use Turkey to fund their activities in Syria. The Rawi Network, founded by… Read More
7th August 2020
A Dubai commercial court order for a bank to repay a customer Dh4.5 million has been upheld by the Dubai Court of Appeals. The amount is worth of balance, siphoned off from his account. In October last year, the Dubai Commercial Court found the bank responsible for the losses incurred… Read More
6th August 2020
At first glance, the shipping trailers that arrived at the Italian port of Salerno appeared to contain only paper, rolled up on giant industrial spools as tall as a man. But when an investigator sliced into one of the rolls with an electric saw, he unleashed an avalanche of little… Read More