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JPMorgan faces oil bribery probe in Brazil

Brazilian authorities are investigating whether JPMorgan Chase & Co played a role in an alleged bribery and money laundering scheme that dated back to 2011 and involved state-run oil company Petrobras, according to documents reviewed by Reuters and two law enforcement sources. So far, police have focused their attention on… Read More

Corrupt Oil Trader Turns On Colleagues in Massive Africa Bribe Case

When Anthony Stimler left Glencore Plc in August 2019, he had two big secrets: For a dozen years, he’d paid millions in bribes to African officials and intermediaries. And he was now helping a U.S. Justice Department investigation into the company and numerous former colleagues. Corruption isn’t exactly unheard… Read More

U.S. Congress Weighs Sanctions on Myanmar’s Oil and Gas

The powerful chairman of the House Foreign Affairs Committee is set to unveil a bill to levy new U.S. sanctions on oil and gas, some of Myanmar’s most important industries, and prod the State Department to determine whether Myanmar’s crimes against the Rohingya minority constitute a genocide. Democratic Rep. Gregory… Read More

8th September 2021

South African court grants provisional restraint order to freeze assets of accused in Kusile fraud case

The Pretoria High Court this week issued a provisional restraint order to the tune of R1.4 billion against corruption-accused former senior Eskom official France Hlakudi, businessman Hudson Kgomoeswana as well as former major Eskom contractor Tubular Construction Projects, its CEO, Tony Trindade, and his wife – freezing their assets and… Read More

8th September 2021

French firm Lafarge loses bid to dismiss ‘crimes against humanity’ case in Syria

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

Álex Saab, Venezuela’s Keeper of Financial Secrets, Approved For Extradition to US

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

7th September 2021

EY under scrutiny after second-largest bankruptcy in Swiss history

EY auditors failed to raise the alarm over multimillion-dollar jewellery purchases and approved huge payments to opaque offshore companies in the years before one of Switzerland’s biggest ever corporate collapses. Zeromax, a conglomerate based in the Swiss canton of Zug, had a business empire in Uzbekistan with interests ranging from… Read More

7th September 2021

Boris Johnson’s brother loses £14m down a Mongolian mine linked to fraud, money laundering

The pleasures and potential pitfalls of being related to Britain’s prime minister quickly become clear when Maximilian Johnson begins to speak of the predicament he is facing in, of all places, a Mongolian goldmine near the Gobi desert. Boris Johnson’s younger half-brother is battling to save a multimillion-pound investment gone… Read More

6th September 2021

Iranian fuel tanker heading for Syria poses test for US sanctions

An Iranian tanker carrying fuel bound for Lebanon was at anchor in the Red Sea on Friday ahead of the final leg of a voyage to Syria, which is set to pose the biggest test yet to US sanctions imposed on two arch regional foes. The tanker is expected… Read More

3rd September 2021

Six Germans charged over spectacular Dresden museum heist

German prosecutors said Thursday they have charged six men over a spectacular heist in 2019 when more than a dozen diamond-encrusted artefacts worth over 100 million euros were snatched from a state museum. The suspects, all German nationals aged between 22 and 27 years old, are accused of aggravated gang… Read More

1st September 2021

Ukraine leader to urge Biden to ramp up Russian sanctions

Ukraine’s leader is travelling to the United States this week in hopes of bolstering security ties with Washington and persuading the administration to ramp up sanctions against a new Russian natural gas pipeline that bypasses his country. President Volodymyr Zelenskyy has called Washington’s failure to block the construction of the… Read More

31st August 2021

What Is Known About ISIS-K Funding in Afghanistan?

The horrific Aug. 26 complex attack against Afghan civilians and U.S. Marines at the Kabul airport has put international attention on the Islamic State in Khorasan (ISIS-K), a relatively small and obscure offshoot of the Islamic State of Iraq and Syria (ISIS-Core). The attack raised an important question about… Read More

31st August 2021

Nearly 30% of Brazil’s gold exports are illegal, report says

Roughly 28% of Brazilian gold exports in 2019 and 2020 likely came from illegal mines, a report by public prosecutors and the Federal University of Minas Gerais found, pointing to widespread forging of documents and lack of effective law enforcement. The report from federal prosecutors and the Federal University of… Read More

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JPMorgan faces oil bribery probe in Brazil

1MDB Casts Shadow on Ex-Swiss Bank CEO’s Money-Laundering Trial

Treasury Department sanctions 8 members of the notorious Sinaloa drug cartel, which was once run by ‘El Chapo’

Chinese regulators unite forces to crack down on crypto

EU Aims to Deny Tax Breaks to Multinationals With Shell Entities