23rd October 2020
AP – A German arrest order for two Panamanian lawyers whose firm was at the center of an international tax evasion scandal faces a substantial obstacle: Panama’s constitution prohibits the extradition of its citizens. Juergen Mossack and Ramón Fonseca are sought by Cologne prosecutors on charges of being an… Read More
22nd October 2020
Westpac’s links to an offshore bank at the centre of a sweeping international money laundering and tax evasion probe have sparked fresh calls for reform of the financial sector’s approach to curbing crime. The nation’s second biggest bank, which was embroiled in a major money laundering scandal last year that… Read More
22nd October 2020
Four Hong Kong shipping companies sanctioned this week by the U.S. Department of State for doing business with an Iranian state shipping line have been traced to a single name, purportedly belonging to a person based in Shanghai, an RFA investigation has revealed. The U.S. on Monday named Reach Holding… Read More
22nd October 2020
Altaf Khanani was considered one of the world’s most-wanted money launderers. The Pakistani fraudster was involved in the illicit international movement of money between countries like Pakistan, the United Arab Emirates, the US, the UK, Canada and Australia. His organization also moved money for drug cartels and terrorist groups such as Hezbollah and al-Qaida. After a massive hunt… Read More
22nd October 2020
By Adriana Homolova and Dada Lyndell, OCCRP, 21 October 2020 OCCRP — As countries across Europe went into lockdown earlier this year to fight the COVID-19 pandemic, there was one early and obvious casualty: transparency. In the rush to obtain critical supplies, many countries suspended their usual public procurement… Read More
22nd October 2020
In her first public remarks on the investigation into Crown, Australian Transaction Reports and Analysis Centre chief executive Nicole Rose told a Senate hearing that the financial intelligence agency had “serious concerns” about the casino operator’s conduct. Crown’s Melbourne casino filed almost 50,000 reports to AUSTRAC in 2019, primarily because… Read More
22nd October 2020
Last month, the Monetary Authority of Singapore (MAS) released new guidance on strengthening AML/CFT controls in private banking, based on inspections the regulator conducted over 2019 and 2020. Among the key areas of concern, MAS called for “robust corroboration” of source of wealth (SoW) and source of funds (SoF),… Read More
22nd October 2020
Last Friday, the headquarters of the Czech Football Association were hit by a sudden police raid. It was the culmination of a long-term investigation that saw 19 individuals charged with corruption. Four of the accused have since been arrested, among them the deputy chairman of the association Roman Berbr. Mr. Read More
22nd October 2020
Brazilian police expanded a long-running corruption probe at state-controlled oil company Petroleo Brasileiro SA based in part on secret recordings made by a former executive of Swiss trading firm Vitol SA, according to court documents released on Tuesday. Police on Tuesday served warrants seeking documents from six people and two… Read More
22nd October 2020
AP – Guatemalan prosecutors are seeking the arrest of the former communications minister for ex-President Jimmy Morales on money laundering charges after finding a connection to a house in which authorities found about $16 million in various currencies last week. The Special Prosecutor Against Impunity searched four properties Tuesday… Read More