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Bermuda: Beneficial ownership register to go public

Bermuda’s companies beneficial ownership register is to go public. The island has kept records of the owners of companies for about 70 years, with the information only available to government authorities. The Government said it would pass legislation making the register accessible to the public in 2022. A government spokeswoman… Read More

These Are the Deutsche Bank Executives Responsible for Serving Jeffrey Epstein

Jeffrey Epstein, the sex criminal and financier, didn’t act alone. Now we know in vivid detail who some of his financial enablers were: executives and bankers at Deutsche Bank. Last week the New York Department of Financial Services laid bare at least some of the financial underpinnings of… Read More

Germany formally proposes first-ever use of EU cyber sanctions over Russia hacking

The German government has officially proposed that the European Union impose sanctions on Russian individuals responsible for a large-scale hacking of the Bundestag five years ago, the German Press Agency reported Sunday. If agreed, the plan, which was recommended by Berlin last month, would be the first use of an… Read More
3rd July 2020
The B.C. Lottery Corporation has finally given up a decade-long fight to keep a secret. In 2010, BCLC was hit with a $700,000 fine by FINTRAC, the country’s money laundering watchdog, for undisclosed violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. It was the largest penalty… Read More
1st July 2020
Over the past 12 months, under its Chinese presidency, the Financial Action Task Force (FATF) has made a welcome effort to engage with and promote the importance of financial investigation as a tool to combat the illegal wildlife trade (IWT). As per his objectives, Xiangmin Liu has used his… Read More
26th June 2020
Mongolia held parliamentary elections on June 24. Two of the candidates are currently under investigation by Swiss prosecutors, who suspect corruption linked to the granting of rights for a massive copper and gold mine in the Asian country. Politically, the two are running in different provinces. Sangajav Bayartsogt, the former… Read More
3rd June 2020
A new side effect of remote working, layoffs and furloughs stemming from the coronavirus pandemic: more whistleblowers. The U.S. Securities and Exchange Commission received about 4,000 tips, complaints and referrals of possible corporate wrongdoings from mid-March to mid-May, said Steven Peikin, co-director of the SEC’s enforcement division. That number is… Read More
1st November 2019
Deutsche Bank was already under federal investigation for helping wealthy Russians launder money when it struck a deal last year to sell a property it co-owned in California. The $72 million sale of an office complex might not have been notable, except for one thing: The purchaser was linked to… Read More
28th March 2018
British authorities have used the new Criminal Finances Act to freeze half a billion US dollars that was illegally transferred from an Angolan bank to HSBC in the United Kingdom. It is understood that when the $500m landed in the HSBC account, the British bank filed a suspicious activity report… Read More