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New York Art Dealer Pleads Guilty to Having Dealt Stolen Art
11th October 2021
New York Art Dealer Pleads Guilty to Having Dealt Stolen Art
By David Klein, OCCRP, 8 October 2021 OCCRP — The owner of a swanky Manhattan art gallery, who sold ancient artefacts to major auction houses like Christies and Sotheby’s, pleaded guilty to a conspiracy to knowingly have dealt in stolen goods, the anti-antiquities trafficking NGO Antiquities Coalition announced. Read More
NatWest faces fine over money laundering failings
8th October 2021
NatWest faces fine over money laundering failings
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
Global tax deal inches closer as holdout Ireland agrees to sign up
8th October 2021
Global tax deal inches closer as holdout Ireland agrees to sign up
Ireland has decided to sign up to a global deal that will push its corporate tax rate to 15%, marking a huge shift in its policy. The G-7 and G-20 nations agreed earlier this summer to join forces to tackle tax evasion and harmonize rules across the globe. The plan,… Read More
Afghan Smuggling Network Dismantled in Romania
8th October 2021
Afghan Smuggling Network Dismantled in Romania
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
Venezuela’s International Appetite for Stolen Luxury Cars
8th October 2021
Venezuela’s International Appetite for Stolen Luxury Cars
By Mark Wilson, Insight Crime, 7 October 2021 Insight Crime — Specialist gangs have been caught smuggling expensive vehicles from Colombia into Venezuela, shining a spotlight on how an increasingly dollarized economy has allowed a black market for luxury goods to thrive. In late September, thieves hijacked a Toyota… Read More
After Pandora Papers, EU says it plans new rules against tax avoidance
7th October 2021
After Pandora Papers, EU says it plans new rules against tax avoidance
The European Commission will present by the end of the year new legislative proposals to tackle tax avoidance and tax evasion, the EU tax commissioner Paolo Gentiloni told the European Parliament on Wednesday. The tax discussion at the plenary session of the EU parliament was added to the agenda after… Read More
Too big to jail: why the crackdowns on dodgy finance have been so ineffective
7th October 2021
Too big to jail: why the crackdowns on dodgy finance have been so ineffective
The Pandora papers data leak has once again highlighted the predatory practices of the world’s political and financial elites – enriching themselves by looting the public purse, or exploiting laws which they themselves helped to establish. About $3.6tn (£2.6tn) of the proceeds from bribery,… Read More
Human Trafficking is World’s No 1 Criminal Economy
7th October 2021
Human Trafficking is World’s No 1 Criminal Economy
By David Klein, OCCRP, 6 October 2021 OCCRP — People are the most traded commodity in the world of organized crime, but whatever the criminals choose to make profit from, in most cases they have the blessing of state actors, a Swiss-based civil-society organization said in its… Read More
What the Pandora Papers Reveal About Offshore Wealth
7th October 2021
What the Pandora Papers Reveal About Offshore Wealth
The trove of leaked financial documents known as the Pandora Papers is the latest in a decade-long series of revelations illustrating how the world’s ultra-rich and powerful shield their fortunes from prying eyes, high taxes and law enforcement. Using avenues not available to most people, they park money in trusts,… Read More
Germany: Police raids in 3 states target international money laundering network
6th October 2021
Germany: Police raids in 3 states target international money laundering network
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
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