Industry Sectors
12th October 2021
It has taken weeks of discussions to get an interview with him, and he’s still worried about who might be listening. He wears dark glasses for the camera, and only two of our team know what we think is his real name. Mr Kim spent 30 years working his way… Read More
11th October 2021
Listed gaming giant Star Entertainment has been enabling suspected money laundering, organised crime, large-scale fraud and foreign interference within its Australian casinos for years, even though its board was warned its anti-money-laundering controls were failing. Between 2014 and 2021, Star cultivated high-roller gamblers who are allegedly associated with criminal or… Read More
11th October 2021
The Treasury is to overhaul the role of financial regulators to ensure they do more to boost the international competitiveness of the City after Brexit. John Glen, the City minister, told insurers and banks this week that regulators including the Financial Conduct Authority needed to “smell the… Read More
11th October 2021
SA has been given 18 months to improve its capacity to track and prosecute money laundering and terrorist financing or face “greylisting” by the Financial Action Task Force (FATF), the international body that develops and monitors policy to combat financial flows of organised crime and terrorism. Greylisting by the FATF… Read More
11th October 2021
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
8th October 2021
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
8th October 2021
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
8th October 2021
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
7th October 2021
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
7th October 2021
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