Featured

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
9th July 2020
London’s lockdown led to a plunge in tips to Britain’s markets watchdog. With traders working from home, reports of suspicious transactions and possible abuse fell in April to their lowest level since current regulations took effect in 2016, according to data obtained by Bloomberg News through a public-records request. “As… Read More
9th July 2020
Global Witness and the Platform to Protect Whistleblowers in Africa (PPLAAF) said they condemn a criminal complaint filed against them in France by Afriland First Bank, a Cameroonian financial institution named in the Undermining Sanctions investigation. “For two of the principal subjects of our report to threaten or file… Read More
8th July 2020
A former private secretary to Argentina’s vice-president has been murdered, fuelling speculation that he was targeted for being a whistleblower in a corruption case. The body of Fabián Gutiérrez, 48, who for years worked closely with Cristina Fernández de Kirchner and later testified against her, was found at a… Read More
2nd July 2020
A year ago in June, a group of bankers marched into a U.S. Treasury office in Washington on perhaps the most important mission of their careers: to save a country from financial collapse. Among them was Willy Mulamba, Citigroup Inc.’s top executive in the Democratic Republic of Congo, a… Read More
1st July 2020
Several members of the Senate Banking Committee have reached a bipartisan agreement on anti-money laundering legislation that would introduce new transparency into the ownership of anonymous shell companies. Senate Banking Chairman Mike Crapo (R-Idaho), ranking member Sherrod Brown (D-Ohio), and seven other committee members plan to offer the compromise text… Read More
25th June 2020
Wirecard’s (WDIG.DE) former boss has been arrested on suspicion of falsifying its accounts, after the German payments firm disclosed a $2.1 billion financial hole and questioned whether trustees had actually held money on its behalf. Markus Braun turned himself in on Monday night after Munich prosecutors issued a warrant… Read More
24th June 2020
BaFin (Germany’s Federal Financial Supervisory Authority) is under fire for failing to properly respond to multiple red flags related to an accounting fraud at Wirecard, a German payments firm which now appears to have misplaced EUR 1.9 billion. Last Thursday (18 June), Wirecard revealed that it was unable to… Read More
23rd June 2020
Wirecard said on Monday that 1.9 billion euros ($2.1 billion) missing from its accounts was likely never there and it was looking at the sale or closure of parts of its business as it sought to avert a looming cash crunch. The former German stock market darling, which processes payments… Read More
18th June 2020
ClubsNSW has filed its defence against former employee turned whistleblower Troy Stolz, further signalling a potentially lengthy and expensive legal fight. Mr Stolz, who worked as an anti-money laundering compliance auditor for ClubsNSW, revealed the “alarming” scale of money laundering in pokies rooms at local clubs and pubs earlier… Read More
16th June 2020
Call it the Falciani Principle. A former UBS Group AG employee who’s appealing his conviction for commercial espionage and money laundering skipped his Swiss court appearance on Monday morning, as expected, to avoid likely arrest. The man, only identified as Rene S., was convicted in absentia last year and… Read More