Industry Sectors
7th October 2021
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
6th October 2021
When White House officials began looking for new candidates to lead one of the banking industry’s top regulators this summer, they saw Saule Omarova as a compromise between the competing demands of moderate and progressive Democrats. Ideological divisions had already scuttled the chances of… Read More
6th October 2021
Former deputy prime minister Datuk Seri Ahmad Zahid Hamidi’s alleged failure to check if the millions of ringgit of purported “donations” received were from lawful or illegal sources is quite similar to the situation in former prime minister Datuk Seri Najib Razak’s criminal case, the High Court heard today. The… Read More
6th October 2021
Gary Gensler, the head of the U.S. The Securities and Exchange Commission has confirmed that his agency does not have the authority or intention to ban cryptocurrency. While responding to questions during an Oct. 5 House Committee on Financial Services hearing, Gensler emphasized that prohibiting crypto does… Read More
5th October 2021
AP — Britain’s Conservative government is facing calls to tighten the country’s defenses against “dirty money” after a massive leak of offshore data showed how London, in particular, is the destination of choice for some of the world’s richest and most powerful people to conceal their cash. Read More
5th October 2021
The police searches were conducted at the request of Zürich’s cantonal public prosecutor earlier this week. The prosecutor has opened a criminal investigation into Greensill’s activities and the way in which Credit Suisse funds that financed the British firm’s contentious lending schemes were managed and marketed, according to two people… Read More
5th October 2021
By Miranda Patrucic, Ilya Lozovsky, Kelly Bloss, and Tom Stocks, OCCRP, 3 October 2021 OCCRP — For centuries, London has been one of the world’s top destinations for shopping, dining, and good living. And a development boom over the last few decades has only expanded the range… Read More
5th October 2021
he job advert seemed timely. It offered between £500-£1,000 a week to work from home as an agent for cryptocurrency transactions. Lauren*, 21, was heavily in debt after a period of unpaid sick leave and leapt at the chance to rebalance her finances. “It had been promoted on social media… Read More
4th October 2021
For the Australian accountant Graeme Briggs, the meeting proved productive. It was September 2014 and Briggs was in Zurich on one of his frequent tours of Europe to drum up business for Asiaciti Trust, the Singaporean offshore services group he had founded in 1978. Briggs was at offices in an… Read More
4th October 2021
The executive secretary of the Financial Action Task Force has resigned his position while raising questions about the ability of the intergovernmental group’s secretariat to operate independently. In a Sept. 23 letter obtained by ACAMS moneylaundering.com, David Lewis, who has served as the global anti-money laundering standard setter’s most senior… Read More