24th July 2020
Prosecutors who are probing accused sex offender Ghislaine Maxwell haven’t identified the banks that helped her manage tens of millions of dollars. One of them was JPMorgan Chase & Co., according to people familiar with the matter. That’s another tie that Maxwell shares with Jeffrey Epstein, the late convicted… Read More
24th July 2020
When the rest of England emerged from it’s Coronavirus-related lockdown on 4th July 2020, one city that remained locked down was Leicester and it was the only one to do so.  The city was said to be experiencing an unexpectedly higher number of infections, purportedly originating from workers in… Read More
21st July 2020
Westpac has unveiled a group-wide plan to strengthen its management of non-financial risk, simplify its business operations, and drive clearer accountability and decision making. The ‘transformation programme’ is based on a reassessment of Westpac’s culture, governance and accountability remediation plan, which it developed in response to findings from a self-assessment… Read More
16th July 2020
UK officials praised progress by eight British overseas territories to open their company registers to the public by 2023, in a statement Wednesday. The commitments, long-sought by transparency advocates, will permit private citizens to access data on the beneficial owners of companies registered in Anguilla, Bermuda, Cayman Islands, the Falkland Islands,… Read More
14th July 2020
A total of 58 foreign nationals bought a Maltese passport without presenting their birth certificate in just 18 months, opposition MP Karol Aquilina is claiming. “This is further testament to the fake due diligence of this programme which is tarnishing Malta’s reputation,” he said. Aquilina divulged this “scandal” in parliament… Read More
13th July 2020
By Adam Bychawski, openDemocracy, 10 July 2020 openDemocracy — MPs and anti-corruption campaigners have warned that the British government’s proposed ‘Magnitsky-style’ sanctions regime is not enough to tackle money laundering amid fears that Britain has become a ‘global hub for financial crime’. On Monday, the UK imposed sanctions against 49… Read More
10th July 2020
Growth in cryptocurrency adoption in recent years has attracted public interest, investment opportunities and regulatory attention. While cryptocurrency-related headlines are now commonplace, cryptocurrency mining remains an obscure topic to most. Anti-financial crime professionals familiarizing themselves with cryptocurrency risks should be certain to focus on what may appear to be a… Read More
9th July 2020
By Sandrine Gagné-Acoulon, OCCRP, 8 July 2020 OCCRP — A US think tank claims that poor enforcement has turned Dubai into a hotbed of dodgy dealings by allowing the emirate to serve as a major crossroad for gray networks and international finance. The Carnegie Endowment for International Peace released… Read More
8th July 2020
Hackers with suspected ties to the North Korean regime are intercepting and stealing U.S. shoppers’ credit card details during online payments. Cybercriminals with links to a state-sponsored unit known as “Hidden Cobra” have been breaking into the websites of “large U.S retailers” and planting “skimmers” since at least May 2019,… Read More
1st July 2020
Another major corruption scandal has rocked the West Australian public service, with an arrest warrant issued for a Fremantle Ports worker and his wife who are believed to have fled the country. Police have also arrested and charged the couple’s children over their alleged involvement in a multi-million dollar rort. Read More