12th April 2021
A discretionary budget request released by the Biden administration includes a sizable boost for a unit of the U.S. Treasury Department tasked with building a complex corporate ownership registry. The White House request, announced Friday, seeks to provide an additional $64 million to the Financial Crimes Enforcement Network, or FinCEN,… Read More
12th April 2021
The main group representing multinational businesses in Hong Kong blasted the government’s hasty plan to limit information in the financial hub’s company registry, saying the move could hurt investments and trade. In a letter to lawmakers distributed on Wednesday, The International Chamber of Commerce – Hong Kong urged the government… Read More
12th April 2021
Hong Kong police arrested nine people on suspicion of laundering more than HK$900 million (US$116 million) through 300 bank accounts over the past six months, part of which was conned from 55 victims of romance and investment scams. Investigations showed that around HK$35 million of the money came from 30… Read More
12th April 2021
It’s after sunset in Jaffna when Anthony Vigrado dives into the waters of Palk Bay, scanning the seafloor to collect what seems to be prized treasure. What he comes back with are sea cucumbers – long, leathery-skinned creatures that are increasingly valuable and the source of his income for the… Read More
12th April 2021
Gardai investigating the alleged misappropriation of funds from the charity Bothar by its former chief executive are examining claims that other people might have been involved in fraud. Bothar secured a High Court order last week freezing the assets of David Moloney, its former boss, who quit in February after… Read More
11th April 2021
ICAP Plc’s rules for running trades that enabled what German lawmakers have called one of the costliest tax dodges in history were clear: don’t ask, don’t tell. “Do not enquire after the tax analysis of the German counterparty,” notes a 2008 memo signed off by a… Read More
11th April 2021
The U.S. added seven Chinese supercomputing firms to a list of entities banned from receiving exports from American companies, citing activities contrary to the national-security or foreign-policy interests of the U.S. The companies were added so-called entity list, which prohibits American firms from doing business with them without first obtaining… Read More
11th April 2021
By Juliett Pineda, OCCRP, 8 April 2021 OCCRP — After they intercepted encrypted messages exchanged between members of organized crime groups, Belgian authorities seized in the port of Antwerp 27.64 tons of cocaine worth some 1.38 billion euros (about US$1.64 billion) just over the past two… Read More
11th April 2021
French aerospace major Dassault Aviation on Thursday rejected fresh allegations of corruption in the Rafale fighter jet deal with India, saying no violations were reported in the frame of the contract, days after French online journal Mediapart alleged that the jet manufacturer had paid nearly one million Euros to an… Read More
11th April 2021
Former Kuala Lumpur City Hall (DBKL) senior deputy director Sabudin Mohd Salleh was freed by the Sessions Court here today on a charge with accepting bribes, amounting to RM150,000, without calling for his defence. Judge Suzana Hussin acquitted and discharged Sabudin, 59, of the charge after finding that the prosecution… Read More