8th January 2021
The Australian government’s financial intelligence agency is reviewing its data after questions were raised about its report that $US1.8 billion ($2.3 billion) were transferred from the Vatican to Australia over six years. The agency, AUSTRAC, said it was working with the Vatican to get to the bottom of the… Read More
8th January 2021
Danish prosecutors said on Thursday they had dropped charges against six former Danske Bank employees as part of an investigation into the bank’s involvement in one of the world’s biggest money laundering scandals. Danske Bank is under investigation in several countries, including the United States, over some 200 billion euros… Read More
8th January 2021
U.K. police seized a Porsche Cayenne and a luxury penthouse apartment from a convicted murderer as part of its push to crack down on dirty money. The assets, with a combined value of more than 800,000 pounds ($1.08 million), belonged to Mohammed Nisar “Meggy” Khan, the National Crime Agency said… Read More
8th January 2021
Organised crime gangs are exploiting lax property and benefits rules to bank large sums of taxpayers’ money, says the head of Britain’s second biggest police force. Chief Constable Sir David Thompson, head of West Midlands Police, said criminals were laundering their dirty money into property that they rented out… Read More
8th January 2021
Indonesia’s anti-money laundering agency has temporarily frozen bank accounts belonging to the recently outlawed Islam Defenders Front (FPI) and its affiliated groups on suspicion of money laundering. Financial Transaction Reports and Analysis Centre (PPATK) public affairs unit head Natsir Kongah said on Tuesday (Jan 6) that the move was in… Read More
8th January 2021
Pensions and investments scammers are using online advertising to bombard people on an industrial scale, a committee of MPs has heard. Mark Steward, executive director of enforcement and market oversight at the Financial Conduct Authority (FCA) told the Work and Pensions Committee that criminals no longer need to produce glossy… Read More
8th January 2021
The US antiquities trade is going to face far stricter oversight in 2021 than it has in the past. On January 1, the Senate overrode President Trump’s veto of the National Defense Authorization Act for 2021, a bill that includes a new law requiring antiquities dealers to comply with the… Read More
8th January 2021
By Zdravko Ljubas, OCCRP, 6 January 2021 OCCRP – After officials at the Johannesburg airport arrested three men who tried to smuggle gold bars in their hand luggage, the South African Police Service (SAPS) said Monday that it has launched an investigation… Read More
8th January 2021
By Jullet Pineda Sleinan, OCCRP, 6 January 2021 OCCRP – Authorities in Guatemala have detained seven people in raids on 20 properties as part of an investigation into a conspiracy to launder more than US$7 million in drug money. The country’s Public Ministry announced on Monday… Read More
7th January 2021
Credit Suisse Group AG has cut relationships with a number of Venezuela’s wealthy as it weighs the risk of doing business with politically-exposed clients in the sanctions-hit country. Switzerland’s second-largest lender has cut assets it manages for the nation’s wealthy by more than half over the past few years,… Read More