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U.S. Charges 138 Medical Workers for US$1.4 Billion Fraud

By Damiir Beslija, OCCRP, 23 September 2021 OCCRP — The Department of Justice last week announced criminal charges against 138 doctors, nurses and licenced medical professionals for their alleged involvement in fraud schemes worth around US$1.4 billion. Authorities accused 43… Read More

Crypto Channels Targeted in Biden’s Fight Against Ransomware

The Biden administration plans a fresh campaign against ransomware attacks through sanctions to cut off criminals’ cryptocurrency pipelines, and it urged companies to report extortion attempts and better protect themselves from them. Deputy Treasury Secretary Wally Adeyemo told reporters that the sanctions would be imposed on Suex, a cryptocurrency transferring… Read More

Iran wants nuclear talks that lead to lifting of U.S. sanctions, president says

Iran wants to resume nuclear talks with world powers that would lead to removal of U.S. sanctions, Iranian President Ebrahim Raisi told the annual U.N. General Assembly on Tuesday as negotiations about reinstating a 2015 nuclear pact have stalled. “The Islamic Republic considers the useful talks whose ultimate outcome is… Read More

21st September 2021

ICC Authorizes Investigation Into Philippines’ ‘War on Drugs’

By Henry Pope, OCCRP, 19 September 2021 OCCRP — The International Criminal Court (ICC) green-lit an investigation Wednesday into how the Philippine government waged its ‘war on drugs’ between 2011 and 2019. President Rodrigo Duterte has spearheaded a hardline approach in dealing with people who use… Read More

20th September 2021

Biden Signs Executive Order Authorizing Ethiopia Sanctions

U.S. President Joe Biden signed an executive order authorizing sanctions against those prolonging conflict in northern Ethiopia, adding pressure on parties to end the civil war. The Department of Treasury can now go after several targets, including those in the Ethiopian and Eritrean governments as well as in the Tigray… Read More

20th September 2021

UAE central bank sees COVID-19 increasing money-laundering risks

The United Arab Emirates central bank sees increased risks of illicit financial flows emerging from the COVID-19 pandemic, including money-laundering and terrorism financing, it said in a report published on Sunday. The use of unlicensed money service providers for money laundering has increased during the coronavirus crisis last year, the… Read More

19th September 2021

Harsh Mander: Outcry as Indian authorities search activist’s premises

India’s Enforcement Directorate, a government agency that fights financial crime, searched Harsh Mander’s premises on Thursday. Officials said they were investigating a money laundering case against him. Read more at BBC Photo: Adam Jones from Kelowna, BC, Canada [CC BY-SA 2.0], via Wikimedia Commons RiskScreen:… Read More

16th September 2021

German lawmakers to grill Scholz over anti-money laundering probe days before election

German lawmakers will question Finance Minister Olaf Scholz over suspected failings at the government anti-money laundering agency next Monday, only days before a federal election which his party is projected to win. Scholz will answer questions at a special meeting of the lower house of parliament’s finance committee on Sept. Read More

16th September 2021

Swiss Bank Mirabaud Queried by Senator on Tax Evasion Case

Swiss bank Mirabaud & Cie. is being asked by a powerful U.S. lawmaker whether it told the Internal Revenue Service about a businessman’s accounts that are now part of America’s biggest individual tax-evasion case. Senator Ron Wyden, chairman of the Senate Finance Committee, asked in a letter whether Mirabaud told… Read More

16th September 2021

Janet Yellen urges House Democrats to give the I.R.S. more power to crack down on tax evasion.

Treasury Secretary Janet L. Yellen is pressing Representative Richard Neal, the Democratic chairman of the Ways and Means Committee, to include the Biden administration’s full proposal for bolstering the Internal Revenue Service in its $3.5 trillion spending package, arguing that more resources and greater powers to catch tax evaders are… Read More

16th September 2021

Philippines: BIR to probe into tax compliance of 250 social media ‘influencers’

The taxman will investigate 250 high-earning social media “influencers” to check whether they have been paying their taxes, as the government looks to cash in on the exponential growth of the digital economy amid the pandemic. Letters of authority (LOA) for the conduct of a probe have been sent to… Read More

16th September 2021

Interpol Aids Police Targeting Illicit Gambling, 1,400 Arrested

By Henry Pope, OCCRP, 15 September 2021 OCCRP — In a blow to organized crime groups profiting off of illegal gambling networks, Interpol aided police raids across Asia and Europe, which seized US$7.9 million in cash and arrested approximately 1,400 suspects, the organization reported on Tuesday. Read More

15th September 2021

Anti-laundering unit goes off-grid, fraying Afghan ties to global finance

A unit in Afghanistan’s central bank leading a 15-year effort to counter illicit funding flows has halted operations, four staff members said, threatening to hasten the country’s slide out of the global financial system. Since 2006, the Financial Transactions and Reports Analysis Center of Afghanistan (FinTRACA) has gathered intelligence on… Read More

Must Read

EU Aims to Deny Tax Breaks to Multinationals With Shell Entities

U.S. Charges 138 Medical Workers for US$1.4 Billion Fraud

An overview of the use of cryptocurrencies in terrorist financing

India seizes $2.7bn of heroin from Afghanistan at port

Government-coordinated action needed as fraud losses rise by 30 per cent