20th January 2021
On Friday, CBS Los Angeles ran a story about a class action lawsuit that alleges Bank of America did not do enough to protect its California Employment Development Department customers from fraud. Within moments of that story running, dozens of unemployed Californians reached out to Kristine… Read More
19th January 2021
By Robert Mazur What took the Drug Enforcement Administration’s Special Operations Division years to build was destroyed with a wink and a nod from Mexican prosecutors and politicians. They conducted an “intense review” of the evidence U.S. prosecutors had gathered that strongly implicated Gen. Salvador Cienfuegos Zepeda, Mexico’s minister of… Read More
19th January 2021
The European Union has set out plans to strengthen the international role of the euro, as its seeks to erode the dominance on the U.S. dollar and lessen the bloc’s vulnerability to financial risks, including U.S. sanctions. The plan includes measures to help protect against currency shocks, and allow greater… Read More
19th January 2021
U.S. officials who have engaged in “nasty behaviour” over Chinese-claimed Taiwan will face sanctions, China’s Foreign Ministry said on Monday, after Washington lifted curbs on exchanges between U.S. and Taiwanese officials. Sino-U.S. ties have worsened as China has already condemned this month’s easing, announced by U.S. Secretary of State Mike… Read More
19th January 2021
Iran’s central bank criticized a European Union payment channel designed to allow European companies to avoid U.S. sanctions, portraying it as useless and saying Iran won’t be diverting resources to it. European governments have “no idea” how to finance the conduit set up two years ago,… Read More
18th January 2021
The Treasury Department on Friday said it fined Capital One COF Financial Corp. for “willfully failing to implement and maintain” effective anti-money-laundering controls. As part of the settlement, Capital One admitted that it “willfully failed to file thousands of suspicious-activity reports,” according to the Treasury’s Financial… Read More
18th January 2021
By David Klein, OCCRP, 15 January 2021 OCCRP – Three US real estate companies have agreed to turn over more than US$50 million to the federal government to resolve claims they accepted the proceeds of drug trafficking laundered through an underground exchange market. “The Black Market… Read More
18th January 2021
The Serious Fraud Office today dropped its investigation into allegations of bribery at British American Tobacco’s East African operations but said it would continue assisting other law enforcement in their investigations. A whistleblower who worked for BAT for 13 years had told the BBC’s Panorama programme in 2015: “BAT is… Read More
18th January 2021
The United States on Friday imposed sanctions on six officials including Hong Kong’s sole representative to China’s top lawmaking body over mass arrests of pro-democracy activists in the financial hub. Secretary of State Mike Pompeo, in the latest in a slew of sanctions imposed in the final days of his… Read More
18th January 2021
The Trump administration sanctioned Cuba’s interior minister and the agency overseeing the island’s state security apparatus Friday in a final push to punish the island’s government before leaving office. The U.S. Treasury Department accused Brigadier General Lázaro Alberto Álvarez Casas of “serious human rights abuses” in making the designation. Also… Read More