11th January 2021
The German lender will enter a deferred prosecution agreement to resolve charges stemming from its attempts to win business in several countries. For nearly seven years it seemed like a good way to drum up business for Deutsche Bank: pay millions of dollars to consultants in countries like Saudi Arabia,… Read More
11th January 2021
Bitcoin has surged to record highs this week but anyone who wants to take profits might struggle to cash in their gains. Some banks will not accept transfers from bitcoin exchanges. HSBC, one of the biggest banks in the country, does not process cryptocurrency payments or allow customers to… Read More
11th January 2021
The United States plans to designate Yemen’s Houthi movement as a foreign terrorist organization, three sources familiar with the matter said, a move that diplomats and aid groups worry could threaten peace talks and complicate efforts to combat the world’s largest humanitarian crisis. The decision to blacklist the Iran-aligned group,… Read More
11th January 2021
By Delfin Mocache Massoko, Antonio Baquero, Micael Pereira, Flora Alexandrou, Linda van der Pol, Mark Anderson and Stelios Orphanides, OCCRP, 8 January 2021 OCCRP — For years, Juan Tomás Ávila Laurel was known as an outspoken critic of Equatorial Guinea’s government, despite decades of brutal repression and staggering corruption. Read More
11th January 2021
AP — U.S. federal prosecutors have filed motions saying that Honduran President Juan Orlando Hernández took bribes from drug traffickers and had the country’s armed forces protect a cocaine laboratory and shipments to the United States. The documents quote Hernández as saying he wanted to “‘shove the… Read More
11th January 2021
By Eli Moskowitz, OCCRP, 8 January 2021 OCCRP – Two British citizens were indicted on Thursday over allegations that they swindled over a billion dollars from the Danish treasury in what was described as “cynical and carefully planned fraud,” according to a press release from the… Read More
11th January 2021
By Chris Dalby, Insight Crime, 8 January 2021 Insight Crime — As part of a mounting campaign going after criminal finances, police in the Brazilian city of Rio de Janeiro have asked courts to seize control of legal businesses used by militia groups to launder money. This… Read More
11th January 2021
The 45-year-old was detained on suspicion of being involved in a criminal organisation and money laundering. A man has been arrested after gardai found more than one million euro in cash when stopping a van in Co Kildare. The 45-year-old was detained on suspicion of being involved in a criminal… Read More
11th January 2021
Beny Steinmetz goes on trial facing bribery charges in Geneva on Monday in the latest chapter of a legal saga that’s dogged the Israeli businessman’s gamble on a multi-billion-dollar mine. Steinmetz and two businesspeople are accused of paying the wife of Guinea’s deceased former president Lansana Conte $8.5 million to… Read More
8th January 2021
A money transfer company has been fined a record £23.8 million by the taxman for breaches of money laundering regulations. The penalty was imposed on MT Global, based in Luton, which claims to offer a financial service across 97 countries and operate to the “highest degree of ethical standards”. Read More