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Days Before EU Sanctions, Belarusian Oligarch’s Family Sells its Firm and Bank

By Saurnas Cerniauskas, OCCRP, 6 July 2021 OCCRP — Days before the European Union imposed sanctions on Belarusian oligarch Aliaksei Aleksin over his links to Alexander Lukashenko’s regime, his family sold its Cyprus-based company along with a bank to a Lebanese businessman, this way saving both… Read More

Guernsey: ‘We’ll use all legal powers to stop financial criminals’

Increased powers to seize ill-gotten cash and property are being worked on, the director of Guernsey’s new Economic and Financial Crime Bureau has said. Kevin Davis, previously chief investigator for the UK Serious Fraud Office, said his new agency would use all legal remedies at its disposal as it takes… Read More

Where Did Marcos Hide His $10 Billion Fortune?

Senator Paul Laxalt was in a classified briefing about political chaos in the Philippines when an assistant interrupted: He had an urgent phone call from Manila. On the other end of the line was Ferdinand Marcos, the country’s president. Marcos wanted to know if it was true that Ronald Reagan… Read More
27th June 2021
Ukraine’s President Volodymyr Zelenskiy on Thursday signed a decree imposing sanctions on tycoon Dmytro Firtash, the presidential office said. The decree said sanctions included an asset freeze, ban on capital withdrawal, revocation of licences, restriction of resource transit and other restrictions. Ukraine’s security and defence council last week announced the… Read More
16th June 2021
A wealthy Chinese-Canadian businessman has agreed to forfeit more than $70 million by cutting a record-breaking deal with the New Zealand police. Three years ago, the bank accounts of Xiao Hua Gong in New Zealand were frozen as part of a global investigation into his finances. The businessman had built… Read More
7th June 2021
Scotland Yard detectives want new laws to let them freeze the cryptocurrency assets of criminals in the same way they can stop them transferring funds. The Met is lobbying the government to change the legislation to make it tougher for criminals to transfer cryptocurrency, which is used by money launderers. Read More
3rd June 2021
Cash-strapped businesses grappling with the cost of the pandemic are increasingly securing loans against the value of unpaid invoices, or ‘factoring’ as it is often referred to. However, such a trend is also proving irresistible to criminals keen to exploit the opportunities of this growing market. The recent announcement that the Serious… Read More
1st June 2021
Fear has gripped bank owners and workers nationwide as the demand by the Economic and Financial Crimes Commission for their asset declaration forms takes effect from June 1, 2021. Vanguard recalls that the anti-graft agency had served the warning on the banks on March 16 this year, insisting that from… Read More
27th May 2021
Hong Kong’s security chief sent letters to media tycoon Jimmy Lai and branches of HSBC and Citibank this month threatening up to seven years’ jail for any dealings with the billionaire’s accounts in the city, according to documents seen by Reuters. The letters, signed by Secretary for Security John Lee,… Read More
25th May 2021
The Scottish government is facing a new legal challenge over its February rejection of a motion to investigate former U.S. President Donald Trump’s all-cash purchases of two golf courses, reviving an effort to force Trump to disclose how he financed the deals. Avaaz, a global human rights group, filed a… Read More
24th May 2021
A “Dato Seri” believed to be the mastermind of an illegal gambling syndicate has been arrested in an operation that saw police seize items worth more than RM2 million. Kuala Lumpur police chief Azmi Abu Kassim said the 55-year-old was running a few slot machines in a few premises around… Read More
24th May 2021
Most people’s to-do list for getting married doesn’t involve investing in Bitcoin. But for one 29-year-old ready to express his love for his partner, buying the cryptocurrency was one of the first things that came to mind. “I have about 50k cash now and hope to collect another 50k… Read More
17th May 2021
Hong Kong authorities have frozen nearly HK$500 million of jailed media tycoon Jimmy Lai Chee-ying’s assets in the first such use of new powers granted under the city’s national security law. The government issued a statement on Friday night announcing that the secretary for security had ordered Lai’s shares… Read More