27th July 2020
Philippine investigators say they have identified dozens of people and entities of interest in their probe into Wirecard AG, and are focusing on two bank employees who may have facilitated a multinational accounting scandal at the insolvent German payments company. Wirecard had claimed some $2.1 billion in cash… Read More
24th July 2020
The Enforcement Directorate (ED) has filed a money laundering complaint in connection with the Kerala gold smuggling case, officials said on Wednesday. They said the agency has registered an Enforcement Case Information Report (ECIR), equivalent of a police FIR, after studying the NIA FIR filed earlier. The ED case has… Read More
23rd July 2020
AP — Two more former executives at bankrupt German payment company Wirecard were arrested on Wednesday in the fraud scandal that brought down the one-time tech star and its former CEO was taken back into custody after the case against him was expanded, prosecutors said. The former Wirecard managers are… Read More
23rd July 2020
AP –  A Turkish banker was properly convicted of helping Iran evade U.S. sanctions in a case that strained relations with Turkey, a federal appeals panel said Monday. The ruling by the 2nd U.S. Circuit Court of Appeals in Manhattan concluded that Mehmet Hakan Atilla received a fair trial… Read More
22nd July 2020
A Swiss prosecutor leading a money-laundering inquiry into secret offshore accounts linked to the former king of Spain is investigating the source of funds used by his former lover to buy a £5.5 million house in London. The Eaton Square property was purchased by Corinna Sayn-Wittgenstein with money transferred… Read More
21st July 2020
AP – The U.S. Justice Department has filed a series of lawsuits seeking to recover at least $104 million in funds allegedly embezzled by former officials in Kuwait’s Ministry of Defense. The seven lawsuits filed in U.S. District Court in Los Angeles claim the laundered funds were used to… Read More
21st July 2020
OCCRP – A new project that will be led by Europol and financed by the European Commission will help the EU’s eastern neighbours — Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine — fight organized crime. “Located along the Black Sea and forming part of the ‘heroin route’ from the… Read More
21st July 2020
New U.S. sanctions targeting the Syrian government appear to also undermine Hezbollah in Lebanon. Experts say the measures are alienating Hezbollah from its political allies in Lebanon and weakening its usage of state institutions to assist the Syrian regime. The sanctions, introduced on June 17 and known as the Caesar… Read More
20th July 2020
The leaders of France, Germany and Italy on Saturday threatened for the first time to use sanctions against countries that continued to violate a United Nations arms embargo on Libya. French President Emmanuel Macron, German Chancellor Angela Merkel and Italian Prime Minister Giuseppe Conte urged “all foreign actors to end… Read More
20th July 2020
On July 8th, the Office of Foreign Assets Control (OFAC) announced a settlement agreement with Amazon.com, Inc (“Amazon”) for a large number of violations across a wide spectrum of OFAC’s sanctions programs (the agreement published by OFAC lists 14 sets of regulations and Executive Orders). While the total amount… Read More