15th January 2021
Former Rajya Sabha MP KD Singh was on Wednesday arrested by the Enforcement Directorate (ED) in connection with a money laundering case. Reacting on the same, TMC MP Sougata Roy said, “I don’t want to comment. Neither is KD Singh with the TMC anymore nor he is a MP now.”… Read More
15th January 2021
The Maltese financial regulator has replaced the person appointed to run Pilatus Bank, after the bank’s shareholders filed American judicial proceedings against Lawrence Connell. Connell was appointed in March 2018 to take over Pilatus as its ‘competent person’ after the arrest of Pilatus owner Ali Sadr Hasheminejad in Washington D.C. Read More
14th January 2021
Jüri Ratas resigned as prime minister of Estonia and head of the Centre Party on Wednesday, amid allegations of corruption against his party. On Tuesday, the Estonian Public Prosecutor’s Office announced it suspected the Centre Party and five individuals, including its Secretary-General Mihhail Korb, were involved… Read More
14th January 2021
The financial crime watchdog has issued a grovelling apology after accidentally telling Parliament that the Vatican transferred $2.3 billion to Australia over seven years when the actual amount was less than $10 million. The Australian Transaction Reports and Analysis Centre’s claim prompted alarm and confusion in the Holy See, where… Read More
14th January 2021
Bitcoin is a “funny business” asset that is used for money laundering and needs global regulation, the president of the European Central Bank has said. Christine Lagarde was unequivocal in her criticism. “For those who had assumed it might turn into a currency — terribly sorry, but this is a… Read More
14th January 2021
Iran demands the removal of the so-called snapback mechanism in its nuclear accord, which could revive all U.N. sanctions against Tehran, in the event of new talks with world powers, a senior aide to Supreme Leader Ayatollah Ali Khamenei said. Under the 2015 deal, Iran agreed to curb its nuclear… Read More
14th January 2021
A new federal law is putting an end to anonymous shell companies used to launder dirty money through high-priced real estate, automobiles and works of fine art. Until this year, Limited Liability Corporations — known as LLCs — often used to purchase real estate enabled buyers to block their identity… Read More
14th January 2021
By Jullet Pineda Sleinan, OCCRP, 13 January 2021 OCCRP — A court in the United States has sentenced a Bulgarian national for his role in a multi-million dollar cyber-fraud and money laundering racket, according to a statement from the Department of Justice. OCCRP previously reported… Read More
14th January 2021
Two members of a Romanian organised crime gang made dozens of fake credit cards and used them in Dublin shops after a “deep” skim of UK bank customers’ details, a court has been told. Daniel Almajanu, 35, used a card reader and writer machine to make fake cards which Albert… Read More
14th January 2021
Italy’s largest mafia trial in three decades will begin on Wednesday, with 900 witnesses testifying against more than 350 people, including politicians and officials charged with being members of the powerful ’Ndrangheta. A high-security 1,000-capacity courtroom with cages to hold the defendants has been built by Italian authorities in the… Read More