21st January 2021
By Will Neal, OCCRP, 19 January 2021 OCCRP – Namibian President Hage Geingob allegedly played a role in a bribery scandal that has shaken the southern African nation, according to a leaked legal document. Geingob’s name appears in an affidavit provided in April 2020 to the… Read More
21st January 2021
China imposed sanctions Wednesday on 28 former Trump administration officials, including outgoing Secretary of State Mike Pompeo. In a statement released just minutes after President Biden took office, China’s foreign ministry said it had decided to sanction those “who have seriously violated China’s sovereignty and who have been mainly… Read More
21st January 2021
The former deputy chief of Kyrgyzstan’s Customs Service, Raimbek Matraimov, has changed his last name after being placed on the U.S. Magnitsky sanctions list for his alleged involvement in the illegal funneling of hundreds of millions of dollars abroad. A spokesperson for Kyrgyzstan’s state registration service, Damira Azimbaeva, confirmed to… Read More
21st January 2021
A ten-year freeze on former Tunisian President Zine El Abidine Ben Ali’s assets in Switzerland has expired, but Bern says the funds will not be released immediately. The freeze by Switzerland’s federal government expired at midnight on Monday, because of a ten-year maximum legal limit. But, according to a foreign ministry press release, most… Read More
21st January 2021
The United States on Tuesday sanctioned a network of oil trading firms, individuals and vessels that have helped Venezuelan state-run oil company PDVSA sell crude mainly to Asia despite Washington’s sanctions on the South American nation. The measure targets a network that the U.S. Treasury Department says helped the administration… Read More
21st January 2021
South Korean banks wary of U.S. sanctions are holding tight to billions of dollars of Iranian funds, Iran says, apparently unwilling to budge before Joe Biden assumes the U.S. presidency. The banks won’t release $7 billion of payments for Iranian oil that are stuck in won-denominated deposits in South Korea,… Read More
21st January 2021
Shortly after a controversial set of emails between a Deutsche Bank AG supervisory board member and Wirecard AG’s then-Chief Executive Officer Markus Braun became public last week, Paul Achleitner picked up the phone for a tense conversation. The Deutsche Bank chairman spoke… Read More
21st January 2021
Ten domestic helpers and a Hong Kong resident have been arrested for receiving payment in return for opening bank accounts that were used to collect and launder millions in swindled cash. Dozens of bank accounts were involved in the scheme and the funds were thought to have been tied to… Read More
21st January 2021
The Trump administration issued a flurry of sanctions after Election Day, a move that could complicate foreign policy for the Biden administration, sanctions policy observers said. The U.S. Treasury Department’s Office of Foreign Assets Control announced 307 designations of blacklisted individuals and entities between Nov. 3 and Tuesday, the last… Read More
20th January 2021
Australian banks washed $500 million for violent South American cocaine cartels in a sophisticated money-laundering scheme, with the proceeds of crime moving through multiple countries before it was disrupted by Australian law enforcement. Between 2014 and 2017 more than $100 million in drug money was funnelled through Australian banks each… Read More