19th April 2021
AP — A global epidemic of digital extortion known as ransomware is crippling local governments, hospitals, school districts and businesses by scrambling their data files until they pay up. Law enforcement has been largely powerless to stop it. One big reason: Ransomware rackets are dominated by… Read More
19th April 2021
Turkey’s central bank banned the use of cryptocurrencies and crypto assets to purchase goods and services, citing possible “irreparable” damage and significant transaction risks in a move that cooled global bitcoin prices. In legislation published in the Official Gazette on Friday, the central bank said cryptocurrencies and other such digital… Read More
19th April 2021
The recent U.S. sentencing of the Honduran president’s brother for drug trafficking highlights what happens when corruption runs amok in a country, with consequences that ripple out far beyond that territory’s own borders. During his day in court last month, Juan Antonio “Tony” Hernandez unsuccessfully made his last attempt to… Read More
19th April 2021
A ruling slashing a record French fine against a bank seemed to bode well for UBS Group AG as it fights an even larger 3.7 billion-euro ($4.4 billion) penalty in front of the same judges. But the Swiss lender might be a victim of its own success. According to… Read More
19th April 2021
Italy’s most dangerous mafia clan has moved into Tuscany, buying businesses, dumping toxic waste in streams and using it to lay the foundation for roads through one of Italy’s most verdant regions, prosecutors claim. The ’Ndrangheta mafia from Calabria in southern Italy is accused of corrupting Tuscan politicians, winning public… Read More
18th April 2021
Phoenix Thoroughbreds, one of the biggest investors in Australian race horses, has had its prize money frozen in NSW and Victoria following allegations in a US court its founder was involved in money laundering. Racing NSW chairman of stewards Marc Van Gestel said the prize money would be set aside… Read More
18th April 2021
By David Klein, OCCRP, 15 April 2021 OCCRP — Iran’s role as a key node in the smuggling routes for methamphetamines from Central and South-East Asia to Europe has left the country with a significant drug problem, a recent EU report found. Read More
18th April 2021
Negotiators for the U.S. and Iran, working to revive an international deal aimed at restricting Tehran’s atomic ambitions, are looking for ways to untangle a knot of interlocking American sanctions in exchange for Tehran’s return to limits on its nuclear activities. After former President Trump pulled… Read More
16th April 2021
President Joe Biden ordered fresh sanctions on Russia, including restrictions on buying new sovereign debt, in response to allegations that Moscow was behind a hack on SolarWinds Corp. and interfered with last year’s U.S. election. The new measures sanction 32 entities and individuals, including government and intelligence officials,… Read More
16th April 2021
Britain’s financial firms and regulators should step up the use of technology to cut the cost of compliance and make the City of London more globally competitive, a report said on Friday. The report from the corporation that runs London’s “Square Mile” financial district called for the removal of barriers… Read More