20th May 2020
Jordan has come first in a list of countries that appear to have siphoned huge amounts of foreign aid into offshore bank accounts. The resource-poor Middle Eastern country, which is hosting about two million Syrian refugees, received £2.13 billion in foreign aid in 2018-19 including £110 million from Britain,… Read More
19th May 2020
By Mattias Carlsson, Holger Roonemaa, Oliver Kund and Hannes Munzinger, OCCRP, 18 May 2020 OCCRP — Rita is almost 13,000 euros in debt and was convicted of shoplifting a bottle of gin. Ricardo is unemployed and has been arrested several times for drug possession and driving without a license. His mother,… Read More
19th May 2020
AP — A Lebanese prosecutor on Monday charged a senior central bank official with manipulation of the exchange rate and money laundering as part of an ongoing probe amid the country’s financial turmoil. The move reflects a growing clash between the central bank and the government at a critical time,… Read More
19th May 2020
The U.S. charged an Iranian online financial services company and two of its senior executives with violating U.S. sanctions on Iran, U.S. prosecutors said. Seyed Sajjad Shahidian, Vahid Vali and the company, Payment24, were criminally charged with conspiracy to commit offenses against the U.S., money laundering, identity theft and wire… Read More
14th May 2020
The United States publicly threatened on Wednesday to trigger a return of all United Nations sanctions on Iran if the U.N. Security Council does not extend an arms embargo on Tehran that is due to expire in October under the Iran nuclear deal. U.S. special envoy for Iran, Brian Hook,… Read More
14th May 2020
By Sara Farolfi, OCCRP, 13 May 2020 OCCRP — A senior member of the Saudi royal family and government adviser arranged citizenship for himself and six family members through Cyprus’ controversial “Golden Visa” program, according to a document obtained by OCCRP. Prince Saud bin Abdulmohsen bin Abdulaziz Al Saud applied… Read More
12th May 2020
Falcon Private Bank signalled its winding down on Monday, as the Swiss wealth manager involved in Malaysia’s 1MDB scandal said it was in advanced talks to transfer clients to another Swiss bank and exit private banking activities. “We have concluded that, especially in the current environment, the controlled cessation of… Read More
11th May 2020
An indicted financier accused by the U.S. of developing Venezuela’s gold-for-food trade with Turkey is helping orchestrate a similar swap with Iran involving gold for gasoline products, according to seven people familiar with the matter. Alex Nain Saab Moran, a Colombian whom U.S. authorities consider one of the most… Read More
11th May 2020
Palestinian Authority Prime Minister Mohammad Shtayyeh on Friday said the authority had agreed with Palestinian banks in the West Bank that despite Israeli threats to impose sanctions on institutions serving people accused of terrorism, the accounts of slain terror operatives and Palestinians being held in Israeli prisons will be unfrozen… Read More
8th May 2020
The United States has reached a settlement to recover more than $49 million involving Malaysian sovereign wealth fund 1MDB, the Department of Justice said. The government of former Malaysian Prime Minister Najib Razak set up the 1MDB fund in 2009. The Justice Department has estimated more than $4.5 billion was… Read More