Enforcement
14th September 2021
Cracking down on ‘enablers of tax evasion’ has been a key area of focus for HMRC since it established its Fraud Investigation Service in 2015. HMRC’s Fraud Investigation Service has been given additional resources to recruit more staff and, as a result, the number of investigations into tax fraud enablers… Read More
14th September 2021
By Henry Pope, OCCRP, 13 September 2021 OCCRP — A Nigerian national living in Oklahoma was sentenced on Friday for operating a money laundering network that defrauded its victims, including several elderly Americans, of at least US$2.5 million. Afeez Adebara, 36, orchestrated a Nigerian-based romance scam… Read More
13th September 2021
A New Zealand derivatives trading firm and subsidiary of a Hong Kong company has been fined $770,000 for breaching anti-money-laundering laws over nearly $50 million of suspicious transactions. CLSA Premium New Zealand Limited (CLSAP NZ) admitted it was out of line with the Anti-Money Laundering and Countering… Read More
13th September 2021
Prince Charles has become embroiled in a fresh donations scandal, after it emerged a Russian businessman previously convicted of money laundering tried to donate half a million pounds to his charities. The heir to the throne wrote a fulsome thank you letter to Dmitry Leus last year… Read More
13th September 2021
An Auckland-based foreign exchange business has been slapped with a $770,000 fine for breaking anti-money laundering laws. “Given the scale, nature and circumstances of KVB’s (CLSA Premium’s) non-compliance, I am satisfied that this penalty accurately reflects the gravity of the breaches and reflects the principles of deterrence and denouncement,” said… Read More
13th September 2021
Six men including a Briton have been arrested off the coast of Plymouth after authorities seized more than two tonnes of cocaine worth about £160m. Britain’s National Crime Agency (NCA) said an operation involving its personnel as well as the Australian Federal Police (AFP) and Border Force arrested the British… Read More
13th September 2021
A high-flying lawyer swindled the Commonwealth and a top international legal firm out of more than £600,000 in a series of frauds. Joshua Brien, 48, established himself during 12 years at the Commonwealth Secretariat as an expert on the laws of the sea, offering advice around the… Read More
13th September 2021
The Paris appeals court on Thursday backed a guilty verdict against Syrian President Bashar al-Assad’s uncle for misappropriating public funds in Syria, laundering the spoils and building a vast property portfolio in France with ill-gotten gains. The court confirmed last year’s four-year prison sentence against 84-year-old Rifaat al-Assad, which he… Read More
10th September 2021
Fraud squad detectives are continuing to question a man who was arrested yesterday and is suspected of setting up a bogus construction company for the purpose of laundering money for an international crime gang. The Moldavan national is the second suspect to be arrested in relation to the bogus company… Read More
10th September 2021
A former investment adviser has been sentenced to five years and ten months in prison for money laundering as part of an organised crime group. Richard Faithfull was convicted of laundering £2.5m as part of a trans-national crime group over a period of at least 12 months. He was also disqualified from being a… Read More