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Lawyers: Myanmar’s Suu Kyi to face more corruption charges

AP — Lawyers for ousted Myanmar leader Aung San Suu Kyi said Monday they have been informed by the military-installed government that four new charges of corruption have been filed against her. The military overthrew Suu Kyi’s elected government in February and arrested her and top… Read More

Ireland: Cash, car, motorbike seized by CAB

A man in his 30s who is well known to Gardaí was the subject of last Thursday’s Criminal Assets Bureau raid in Sligo. CAB Bureau in conjunction with local Gardaí and with the assistance of the Regional Armed Support Unit, the Garda Dog Unit and the Customs Revenue Dog Unit… Read More

Marijuana slaves in Spain: a year imprisoned in a warehouse

Catalan police have rescued 10 people who had been trafficked by a Chinese mafia and forced to cultivate the drug The footage from Operation Long lasts just three minutes. The worst parts of the video show mattresses pushed against each other on the floor, cooking pots scattered on tables, bottles… Read More
11th July 2021
By Zdravko Ljubas, OCCRP, 08 July 2021  OCCRP – The French Gendarmerie and the Moldovan Border Police arrested nine people suspected of being members of an organized crime group involved in a scheme to defraud the French budget of 2 million euro (US$2.36 million), Europol said… Read More
7th July 2021
A joint operation between police in Hong Kong and Macau has broken up a fraud syndicate suspected of swindling at least 17 women out of HK$21.5 million (US$2.8 million) in online romance scams. The three-week operation, code-named “Guardway”, led to the arrest of one man and two… Read More
28th July 2020
Returning to the office will bring new challenges for banks and brokerages seeking to enforce good conduct by staff, after the bulk of their employees worked from home during the coronavirus pandemic, a financial markets industry body said on Monday. During lockdowns to stem the outbreak in big financial centres… Read More
17th October 2019
Goldman Sachs has been negotiating with the Malaysian authorities to drop criminal charges against three of its subsidiaries in connection with three bond issues by 1Malaysia Development Berhad, or 1MDB. The government is seeking $3.3 billion in compensation from the U.S. investment bank, accusing it of helping a Malaysian businessman… Read More
1st July 2019
Troika Laundromat: inside Europe’s latest money laundering scandal Reports of a new money laundering scheme, the Troika Laundromat, highlight the brazen use of illegitimate funds within the world of the ultra-wealthy Like a vast, corruptive beast, money laundering has loomed large over Europe in recent months. Scandal after scandal has… Read More
The rapid development of mobile money is creating unprecedented opportunities for poor people in developing countries to more actively participate in the economy. For millions of underserved individuals around the world, a mobile phone represents more than just a tool for communication; it’s a payment terminal in the pocket. Every… Read More
10th April 2019
London-based Standard Chartered Bank will pay $1.08 billion to settle sanctions and anti-money laundering violations uncovered by US and UK investigators in a deal that will extend its deferred prosecution agreement through April 2021. Of that its total monetary outlay, $947 million will go to resolve investigations by the US… Read More
29th March 2019
The United Kingdom’s Financial Conduct Authority (FCA) has fined Goldman Sachs International (GSI) £34,344,700 for failing to submit accurate data relating to over 200 million transactions over a period of almost ten years, ending as recent as 2017. The lender was unable to ensure it provided complete, accurate and timely… Read More
29th March 2019
Swedbank president and CEO Birgitte Bonnesen has been dismissed from her role, a day after authorities raided the bank’s headquarters over a money laundering probe in the Baltics. The investigation is understood to be tied to the Danske money laundering scandal, which claimed the scalp of Danske… Read More
22nd March 2019
Britain’s Serious Fraud Office (SFO) has secured the forfeiture of £1.52 million over a fraudster’s properties using new powers under the 2017 Criminal Finances Act. The properties were originally purchased with fraudulently obtained cash by Birmingham-based Nisar Afzal (61), who fled Britain for Pakistan in the mid-2000’s, according to the… Read More