4th February 2020
Danish police have seized the central London mansion of a multimillionaire British businessman accused of defrauding Danish taxpayers of £1.5 billion. A spokesman for Sanjay Shah, a former hedge fund boss, confirmed that his £14.7 million property near Hyde Park had been expropriated. Mr Shah lives in Dubai. Yesterday… Read More
16th January 2020
United Nations sanctions experts are warning people not to attend a cryptocurrency conference in North Korea in February, flagging it as a likely sanctions violation, according to a confidential report due to be submitted to the U.N. Security Council later this month. The warning comes after the independent U.N. experts… Read More
15th January 2020
Right-wing Alejandro Giammattei is set to swear in as Guatemala’s new president on Tuesday with a vow to tackle corruption, replacing the unpopular Jimmy Morales. Giammattei, 63, was elected in August after defeating former first lady Sandra Torres in a second round run-off vote. Torres has since been placed under… Read More
28th November 2019
Switzerland is overhauling its 21-year-old system for reporting suspected money laundering and terrorism financing, Swiss federal police said on Wednesday, after concluding the old system that relies on fax or mail has outlived its usefulness. From 2020, Switzerland plans to use an anti-money laundering program from the United Nations Office… Read More
13th November 2019
Europe’s threat to trigger a mechanism that could reimpose United Nations sanctions on Iran marks a significant breakdown in diplomacy to try to save the 2015 nuclear deal and could presage its death knell, diplomats say. Britain, France and Germany have sought to salvage the pact, under which Iran undertook… Read More
6th November 2019
The United Nations (UN) reportedly believes that North Korea is training its most talented young IT talents to become elite cryptocurrency hackers – and thinks Pyongyang is using a fake Hong Kong blockchain company as a front for money laundering schemes. Per South Korean media outlet Chosun, South Korean… Read More
31st October 2019
Saudi Arabia, Qatar and five other Gulf nations joined the U.S. in imposing sanctions on a financing network controlled by Iran’s military and several men linked to the Tehran-backed Lebanese group Hezbollah. Top U.S. Treasury Department officials said the action is the largest ever by the Riyadh-based Terrorist Financing… Read More
22nd October 2019
The daughter of late Venezuelan President Hugo Chávez allegedly used a secret bank account in the United States for two years to make million-dollar purchases, adding to a long list of money-laundering accusations against the Chávez family. According to a report by Diario Las Américas, María Gabriela… Read More
9th September 2019
Salvadoran President Nayib Bukele on Friday unveiled a new independent commission to tackle corruption, taking inspiration from a U.N.-backed body that toppled the previous president of neighboring Guatemala. Bukele, who took office in June, has vowed to stamp out corruption that has implicated former presidents and said he had created… Read More
5th September 2019
North Korea is increasing exports of paintings and wigs to China, in an effort to earn foreign currency by exploiting a U.N. sanctions loophole. While North Korea’s exports to China halved in value on the year in 2018 due to the U.N. sanctions, China represents a record 95.8% of the… Read More