11th November 2019
Twenty years after the controversial demise of one of Nigeria’s last military leaders, Sani Abacha, one sore thumb still aching local and international financial crime investigators is the full extent of his legacy of corruption. In the years since 2002, when the first insight into the depth of corruption during… Read More
8th November 2019
A French court on Thursday upheld preliminary criminal charges against one of France’s biggest companies over allegations that it financed the Islamic State and other armed groups in Syria, while putting the lives of its employees there in danger. In its ruling, the Court of Appeal in Paris also said… Read More
7th November 2019
New facts unfolded in the case of suspicion of money laundering involving local companies with contracts with the US military, in a story which was published by Al-Qabas last October, where investigations conducted by the security services in cooperation with the US Contracts show the involvement of seven new companies… Read More
6th November 2019
A lawyer for a Turkish bank accused by the U.S. of aiding an Iranian scheme to evade economic sanctions appeared in a New York courtroom for the first time on Tuesday and said the bank continued to dispute the U.S.’s legal authority over it and planned to seek dismissal of… Read More
5th November 2019
The United States on Monday imposed sanctions on nine people close to Iran’s Supreme Leader Ayatollah Ali Khamenei, including his chief of staff, one of his sons and the head of the judiciary. Coinciding with the 40th anniversary of Iran’s seizure of the U.S. embassy in Tehran, the U.S. Treasury… Read More
4th November 2019
Malta’s financial regulator has lost a bid to stop the shuttered Satabank from releasing funds from the bank account of an offshore company belonging to ‘Dirty Oil’ suspect Gordon Debono. Debono is facing criminal charges related to a €30 million oil-smuggling ring in Catania, Sicily, together with conspirators Darren Debono,… Read More
4th November 2019
Malaysia has rejected an offer from Goldman Sachs of less than US$2bn in compensation over the 1MDB scandal, in contrast to the country’s publicly stated demand of US$7.5bn.  Malaysia has charged Goldman and 17 current and former directors of its units for allegedly misleading investors over bond sales totalling… Read More
31st October 2019
Saudi Arabia, Qatar and five other Gulf nations joined the U.S. in imposing sanctions on a financing network controlled by Iran’s military and several men linked to the Tehran-backed Lebanese group Hezbollah. Top U.S. Treasury Department officials said the action is the largest ever by the Riyadh-based Terrorist Financing… Read More
30th October 2019
Anna Waterhouse was a high-flying lawyer at Deutsche Bank in Dubai. Now she’s unemployed. Amjad Rihan was a partner at the accountancy giant EY’s Dubai office. He also lost his job and hasn’t worked for more than five years. They both say their lives were destroyed after they flagged… Read More
29th October 2019
Treasury Secretary Steven Mnuchin said on Monday the United States would increase economic pressure on Iran over its nuclear program, making the pledge during a Middle East trip that includes visits to U.S. allies Israel and Saudi Arabia. Sanctions reimposed on Tehran by President Donald Trump after he withdrew the… Read More