31st October 2017
By Tanza Loudenback, UK Business Insider Paul Manafort, President Donald Trump’s former campaign chairman, was indicted by a grand jury on Monday morning along with his business associate Rick Gates on a range of charges, including laundering over $21 million. The hidden millions were used “to enjoy a lavish lifestyle… Read More
20th October 2017
19 October 2017 By Francesco Guarascio, REUTERS European Union leaders called on Malta on Thursday to carry out a full investigation with international help over the killing of the country’s best-known journalist, and the EU parliament agreed to hold a debate on media freedom on the island. Malta’s Prime Minister… Read More
18th October 2017
Digital ledger, or blockchain technology, is set to change the way both private companies and governments do business, says Mat McGuire, a financial crime risk management expert from Canada. The technology has substantial utility as a solution to money laundering and tax evasion, notwithstanding growing concerns about its use in… Read More
George Pearmain, lead policy adviser on financial crime for Jersey, on the past successes and future challenges for the island's financial crime prevention regime. Read More
17th October 2017
Barbados minister of industry and international business, Donville Inniss has revealed that his ministry is in the process of revoking the licences of four international business companies, as he urged regulators who have concerns with any of their clients to have those concerns clarified quickly or “dump them”. In an… Read More
11th October 2017
11 October 2017 By David Martin, Deutsche Welle Germany’s Federal Criminal Police Office (BKA) has carried out its first investigation after purchasing the so-called Panama Papers from an anonymous informant earlier this year. According to German media, federal officers seized two million euros ($2.35 million) from an old slush fund… Read More
9th October 2017
9 Ocotber 2017 By Cindy Silviana, Hidayat Setiaji, REUTERS Indonesia is investigating reports that $1.4 billion (1.07 billion pounds) held by Standard Chartered Plc (STAN.L) in Guernsey, mainly on behalf of Indonesian clients, was transferred to Singapore just before the island moved to new tax transparency rules, officials said. A… Read More
14th September 2017
With Hurricane Irma wreaking havoc across the Caribbean, some businesses in battered offshore financial centres have resorted to “extraordinary” steps to secure client data which may be targeted by fraudsters and transparency campaigners targeting sensitive information, law firms and private investigators told KYC360. In just days, Irma has caused devastation… Read More
13th September 2017
The Ministry of Corporate Affairs on Tuesday announced that more than 1.06 lakh directors of shell companies will be disqualified as part of the stepped up war against black money. The move is a sequel to the ministry cancelling the registration of 2.09 lakh companies that have not been… Read More
8th September 2017
Bulgaria has ordered an investigation after revelations by the Guardian and other media partners that Azerbaijan operated a secret $2.9bn fund to lobby influential Europeans and to funnel money offshore. Prosecutor Sotir Tsatsarov said he was launching an inquiry into Kalin Mitrev, Bulgaria’s representative to the European Bank of Reconstruction… Read More