25th September 2020
Police have carried out searches in Glasgow and Essex after a tonne of cocaine worth up to £100 million was seized. The drugs had been concealed in pallets of fruit and were found early on Tuesday in a shipment that had arrived at the port of Dover on a vessel… Read More
24th September 2020
By Tanya Kozyreva, Michael Hudson, Spencer Woodman, Will Fitzgibbon, Agustin Armendariz, Golden Matonga, Delphine Reuter, Micah Reddy and Fergus Shiel, ICIJ, 23 September 2020 ICIJ — Ivor Ichikowitz recoils at the arms industry’s “reputation for being very cloak-and-dagger.” “We are not in the destroying-anything business,” the 53-year-old founder of South… Read More
24th September 2020
A British parliamentary committee that scrutinizes financial affairs has asked the government and securities regulator to look into reports that the U.S. considers the country a “higher risk” jurisdiction for money laundering and economic crime. In one of the first responses by U.K. politicians to leaked U.S. regulatory documents, Mel… Read More
23rd September 2020
By Kyra Gurney, ICIJ, 21 September 2020 ICIJ — After three years of digging, investigators in the United States had accumulated a mountain of evidence that they believed sealed the case against Kaloti Jewellery Group, one of the largest gold traders and refiners in the world. The Dubai-based conglomerate… Read More
23rd September 2020
Imagine you are Noel Quinn, recently confirmed chief executive of HSBC. Sitting high up in London’s Canary Wharf or overlooking the harbour from the bank’s Hong Kong base, he must be facing a range of challenges. Many of these challenges are ‘known knowns’. Rising loan losses as the health of… Read More
23rd September 2020
By Spencer Woodman, ICIJ, 22 September 2020 ICIJ — They pulled ancient Buddha heads out of the ground in war-torn Afghanistan and stole idols from temples in India. They cracked open shrines in Nepal, and in Cambodia bought an 11th-century statue of the Hindu god Shiva on the black… Read More
22nd September 2020
By Simon Bowers, Karrie Kehoe and Holger Roonemaa, ICIJ, 21 September 2020 ICIJ — The Estonian banker was frantic: A whistleblower inside the bank suspected nine anonymous companies — all registered in the United Kingdom — of serious financial crimes and was threatening to go to authorities. “The whistleblower demands… Read More
22nd September 2020
By Spencer Woodman, ICIJ, 21 September 2020 ICIJ — In March 2014, three men kidnapped Reynaldo Pacheco and bludgeoned his head with rocks, leaving the 44-year-old father of a young daughter dead in a creek bed in California’s Napa County. Local authorities determined that his murder was a consequence… Read More
22nd September 2020
The government is to overhaul the system of checks for Britain’s register of companies after criticism that the database is too easily abused by money launderers and fraudsters. Directors will be required to verify their identities with Companies House before they are appointed to a business under plans announced yesterday. Read More
22nd September 2020
Macquarie Group and Commonwealth Bank are facing fresh scrutiny of their oversight of anti-money laundering laws after it emerged that overseas banks had reported close to $167 million of potential dirty money transactions flowing through the two Australian banks. The International Consortium of Investigative Journalism (ICIJ) has released a… Read More