As a Slovenian Tycoon’s Empire Crumbled, His Bank Accounts Swelled
27th October 2020
As a Slovenian Tycoon’s Empire Crumbled, His Bank Accounts Swelled
By Anuška Delić (Oštro/OCCRP), Matej Zwitter (Oštro) and Maja Čakarić (Oštro), OCCRP, 26 October 2020 OCCRP — After Slovenia’s independence from Yugoslavia in 1991, the former socialist state privatized its assets, giving each citizen a certificate to invest in the few blue-chip firms the country had at the time. The… Read More
China to Sanction U.S. Weapons Makers Over Taiwan Sales
27th October 2020
China to Sanction U.S. Weapons Makers Over Taiwan Sales
China said it will sanction three American defense contractors over proposed arms sales to Taiwan, retaliating against U.S. efforts to deepen security ties with the island democracy that Beijing claims as its territory. Chinese Foreign Ministry spokesman Zhao Lijian said Monday that Beijing has decided to impose sanctions on… Read More
Fed and Treasury asks public for comment on new travel rule for crypto
27th October 2020
Fed and Treasury asks public for comment on new travel rule for crypto
The Federal Reserve, along with the Financial Crimes Enforcement Agency (FinCEN), an agency of the U.S. Treasury, have invited comment on a proposed rule that lowers the threshold on reporting under the Bank Secrecy Act (BSA) from $3,000 to $250 for transactions outside of the United States in what is… Read More
U.S. Sanctions Iran Oil Minister as Trump Ramps Up Pressure
27th October 2020
U.S. Sanctions Iran Oil Minister as Trump Ramps Up Pressure
The U.S. sanctioned Iran’s minister of petroleum and some related entities as tensions between the two nations continue to rise in the days before the American presidential election. The Treasury Department announced sanctions against Minister Bijan Namdar Zanganeh in a statement on Monday, saying Iran uses its oil industry to… Read More
Malta: Accountants to fuel smuggling ring fined €59,000 by FIAU
27th October 2020
Malta: Accountants to fuel smuggling ring fined €59,000 by FIAU
An accountancy firm that provided corporate services to one of the companies implicating in the Operation Dirty Oil fuel smuggling ring, has been fined €58,900 by the Financial Intelligence Analysis Unit (FIAU). The clients included ADJ Trading, a company implicated in the €30 million Libyan fuel smuggling ring, that was controlled by… Read More
UK: Sex slaves forced into drug dealing by crime gangs
27th October 2020
UK: Sex slaves forced into drug dealing by crime gangs
Organised criminals are extending their reach and forcing victims of sex trafficking into county lines drug dealing and other crimes, senior police said. They no longer focus on one enterprise but are spreading their operations across drug trafficking, child sexual exploitation and modern-day slavery. Victims were being moved to different… Read More
Financial watchdog Austrac ticked off casino junkets despite organised crime fears, report reveals
27th October 2020
Financial watchdog Austrac ticked off casino junkets despite organised crime fears, report reveals
The financial crimes watchdog in 2017 said junket partnerships with Australian casinos were compliant with anti-money laundering laws, despite detailed evidence in a NSW probe revealing alleged money laundering at Crown Resorts has been rife for years. An Austrac report obtained by News Corp revealed the financial crimes regulator ticked… Read More
Rights group seeks to use UK sanctions to stop abuse of Turkish lawyers
27th October 2020
Rights group seeks to use UK sanctions to stop abuse of Turkish lawyers
Campaigners are seeking to use the UK’s Magnitsky-style human rights sanctions against Turkish prosecutors and officials responsible for arresting and imprisoning thousands of lawyers. Organisers of the Arrested Lawyers Initiative (ALI) are gathering evidence about the alleged torture and mistreatment of judges and legal representatives detained in Turkish jails. Read More
Suspects in alleged Markham illegal casino mansion linked to B.C. casino suspects
27th October 2020
Suspects in alleged Markham illegal casino mansion linked to B.C. casino suspects
B.C. real estate developer Yongtao Chen stepped onto the podium in a Vancouver hotel ballroom and enthusiastically waved a red flag to a loud round of applause. He had just accepted a new role as chairman of the Canadian Alliance of Chinese Associations (CACA) and was displaying their banner at… Read More
Treasury boss ‘surprised and concerned’ by $30m Western Sydney airport land sale
27th October 2020
Treasury boss ‘surprised and concerned’ by $30m Western Sydney airport land sale
Steven Kennedy, the former secretary of the infrastructure department, has conceded the controversial land sale at Leppington Triangle related to the second Sydney airport is “now reflecting poorly on all of us, and we need to get to the bottom of it”. Kennedy, now the head of the Treasury… Read More
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