Enforcement
10th September 2021
China’s top anti-corruption agency has detained a senior banker from a leading policy bank for investigation, it said. The Communist Party’s Central Commission for Discipline Inspection (CCDI) said on Thursday that He Xingxiang, vice-president of China Development Bank (CDB) and a member of its party committee, was under… Read More
9th September 2021
A former Ericsson AB employee was charged in the U.S. of taking part in a conspiracy to bribe foreign officials in order to win a contract from Djibouti’s state-owned phone company. Prosecutors in New York charged Afework Bereket with conspiring to violate the Foreign Corrupt Practices Act… Read More
8th September 2021
Zachary Horwitz, an actor in low-budget horror and science-fiction movies, has agreed to plead guilty to running a massive Hollywood Ponzi scheme. Horwitz, 34, admitted in court papers that he duped investors into giving him more than $650 million for fictitious movie deals with HBO and Netflix. While Horwitz repaid… Read More
8th September 2021
When FBI agent Mark Calnan finally met the kingpin whose drug syndicate he’d been investigating for the past six years, he was surprised. With his black hair parted down the middle and modest fashion sense, Tse Chi Lop didn’t look like the head of a multinational operation that had flooded… Read More
8th September 2021
The ruling by the Court of Cassation marks a major setback for Lafarge, which is accused of paying nearly 13 million euros ($15.3 million) to jihadist groups including the Islamic State (IS) to keep its cement factory in northern Syria running through the early years of… Read More
8th September 2021
By Seth Robbins, InSight Crime, 7 September 2021 Insight Crime — A court in Cabo Verde has approved the extradition to the United States of Colombian businessman Álex Saab, who may hold key information on alleged money laundering schemes involving Venezuelan President Nicolás Maduro and other top… Read More
8th September 2021
Pilatus Bank, a small private bank opened in Malta in 2013, was perhaps most notorious for its personal, ‘secret’ business model, largely catering for politically exposed persons (PEPs) under strict rules of due diligence. Having started operations in January 2014, the bank, owned by Ali Sadr Hasheminejad, a US-naturalised Iranian… Read More
8th September 2021
U.S. authorities are investigating whether payments by U.S. weapons maker Raytheon Technologies Corp to a consultant for the Qatar Armed Forces may have been bribes intended for a member of the country’s ruling royal family, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. A lawsuit… Read More
8th September 2021
A magistrates’ court has found there is sufficient evidence for Yorgen Fenech to be indicted over money laundering and fraud to the detriment of Glimmer Ltd, a company he partly owned. Magistrate Donatella Frendo Dimech decreed there was a ‘case to answer’ on Tuesday morning – a day after… Read More
8th September 2021
Flight VY7574 from Barcelona to Banjul has two separate lines of passengers. One line is for boarding the plane, and the other one is for declaring items to customs officers. Hours before the flight, dozens of people are waiting patiently in line to declare the money they are taking to… Read More