Enforcement
15th October 2021
By Henry Pope OCCRP, 14 October 2021 OCCRP — A former chief executive officer (CEO) of Braskem S.A., a Brazilian petrochemical company, was sentenced in a New York court on Tuesday to 20 months in prison for his role in a conspiracy to use US$250 million of his… Read More
15th October 2021
Five people have been arrested in Melbourne following an investigation linked to one of Australia’s largest ever alleged money laundering operations. Read more at The Age RiskScreen: Eliminating Financial Crime with Smart Technology… Read More
14th October 2021
Police in China’s southwest region busted a group that was using cryptocurrencies to launder stolen money, which involved 800 million yuan (US$124 million), according to local media. Authorities in Zunyi, a city in China’s Guizhou province, were on the case for two months, following a directive from the State Council,… Read More
14th October 2021
Federal Investigation Agency (FIA) on Tuesday traced those involved in hoarding of $163 million in a structured manner. In an attempt to curb rising dollar rate against local currency, the FIA launched a crackdown against those involved in hoarding of dollars. The traders of hawala/hundi have also come under the… Read More
14th October 2021
The U.S. Department of Justice (DOJ) announced Tuesday that the owners of a cryptocurrency company have pleaded guilty to tax evasion. Bitqyck founders Bruce Bise and Samuel Mendez were charged with tax evasion in August. Bise pleaded guilty on Sept. 9 and Mendez pleaded guilty Tuesday morning. By Kevin Helms,… Read More
14th October 2021
By Maria Fernanda Ramirez, InSight Crime, 12 October 2021 InSight Crime — Six years after investigators in Peru took down a massive timber trafficking operation that shipped millions of dollars’ worth of illegal hardwood, more than 90 people have been indicted and a US importer has been… Read More
8th October 2021
NatWest said “we deeply regret” failing to “adequately monitor and therefore prevent money laundering by one of our customers between 2012 and 2016”. The state-backed bank, formerly Royal Bank of Scotland, is the first British lender to admit such an offence. Lawyers told a court hearing that NatWest faces a… Read More
8th October 2021
By Henry Pope, OCCRP, 7 October 2021 OCCRP — Europol announced on Wednesday that, in cooperation with German authorities, Romanian police arrested 21 suspected members of a transnational network that smuggled Afghan migrants to Germany and France. Police made the arrests as they… Read More
6th October 2021
More than 1,000 police and special forces officers raided homes, offices and businesses in three German states early Wednesday morning. Officials were targeting an international money laundering network suspected to be involved in terror financing, German media reported citing police. By Richard Connonr, Deutsche Welle, 6 October 2021 Read more… Read More
6th October 2021
Former deputy prime minister Datuk Seri Ahmad Zahid Hamidi’s alleged failure to check if the millions of ringgit of purported “donations” received were from lawful or illegal sources is quite similar to the situation in former prime minister Datuk Seri Najib Razak’s criminal case, the High Court heard today. The… Read More