8th January 2021
Danish prosecutors said on Thursday they had dropped charges against six former Danske Bank employees as part of an investigation into the bank’s involvement in one of the world’s biggest money laundering scandals. Danske Bank is under investigation in several countries, including the United States, over some 200 billion euros… Read More
8th January 2021
The US antiquities trade is going to face far stricter oversight in 2021 than it has in the past. On January 1, the Senate overrode President Trump’s veto of the National Defense Authorization Act for 2021, a bill that includes a new law requiring antiquities dealers to comply with the… Read More
8th January 2021
By Jullet Pineda Sleinan, OCCRP, 6 January 2021 OCCRP – Authorities in Guatemala have detained seven people in raids on 20 properties as part of an investigation into a conspiracy to launder more than US$7 million in drug money. The country’s Public Ministry announced on Monday… Read More
7th January 2021
The United States has blacklisted 16 companies and an individual linked to Iran’s metals industry as part of continued efforts by the outgoing administration of U.S. President Donald Trump to deprive the country of revenue. The U.S. Treasury said late on January 5 that it was targeting the Iranian metals… Read More
7th January 2021
France’s highest court has ordered a retrial of members of the art-dealing Wildenstein family who were acquitted of tax fraud in 2018. Guy Wildenstein, a close friend of former president Nicolas Sarkozy, and other family members, known in France as “les W”, were cleared of hiding an estimated €550m… Read More
7th January 2021
Wall Street banks are asking a key regulator to drop a proposed rule that would force them to do business with energy and firearms companies that could subject them to public scorn, questioning the legal basis for a measure they say is being unfairly fast-tracked. The “fair access” rule proposed… Read More
7th January 2021
Justice Department alleges a worldwide money laundering conspiracy of roughly $1bn to circumvent sanctions on Tehran. The US government collected $7m in Iranian assets for victims of state-sponsored “terrorism”, the Justice Department said on Tuesday. The money was the US share of a civil forfeiture that targeted attempts to violate… Read More
6th January 2021
The U.S. Treasury Department is expected to study the money-laundering risks posed by China—and develop a strategy to defend against them—following the approval last week of the annual defense policy legislation. The directive highlights the continued scrutiny on China from the executive and legislative branches of the U.S. government, policy… Read More
6th January 2021
Norwegian firm DNV GL said Monday it was halting work to certify the Nord Stream 2 gas pipeline between Russia and Germany because of the threat of US sanctions. Technical and safety specifications must be certified for the 10-billion-euro ($12-billion) pipeline under the Baltic Sea to enter into service. “DNV… Read More
6th January 2021
By Julett Pineda Sleinan, OCCRP, 5 January 2021 OCCRP — A court in Cape Verde ruled on Monday that Colombian businessman and Venezuela’s special envoy Alex Saab can be extradited to the United States where he is facing money laundering charges in connection with a bribery… Read More