Real Estate
10th August 2021
A new report on money laundering in the United States finds that more than US$2.3 billion was laundered through U.S. real estate over a recent five-year period and that commercial real estate is involved in many of those transactions. The study, titled “Acres of Money Laundering: Why U.S. Real… Read More
10th August 2021
OCCRP – Cyprus’s “golden passport” program is considered a corrupt free-for-all that gave kleptocrats, oligarchs, and criminals access to European citizenship. From Putin crony Oleg Deripaska to fugitive Malaysian fraudster Jho Low of the infamous 1MDB scandal, Cyprus’s willingness to sell citizenship to unsavory people has been a… Read More
10th August 2021
The Serious Fraud Office (SFO) has launched an investigation into entrepreneur Gavin Woodhouse, whose business dealings were revealed by an undercover investigation by the Guardian and ITV News. The UK’s anti-corruption agency said it was investigating “suspected fraud and money laundering in relation to … Woodhouse and individuals… Read More
9th August 2021
Transparency International — The evidence is clear: anonymous shell companies enable kleptocracy, tax evasion, wildlife crime and arms trafficking. For far too long, the corrupt and criminals have been able to hide behind secretive corporate structures without leaving much trace. What’s more, the globalisation of world trade… Read More
9th August 2021
The children of a Perth couple who are wanted by WA Police over alleged corruption at Fremantle Ports have walked free from court after charges against them were dropped. Paolo and Tiziana Merolla were facing charges of property laundering laid at the time police issued an arrest warrant for their… Read More
9th August 2021
The ‘Dubai list’ of offshore holdings belonging to Maltese nationals contains no bank account information and is limited to property and high-value assets. Sources said information on real estate, yachts and other assets in the Gulf emirate, owned by some 20 Maltese nationals, were being reviewed by tax officials… Read More
4th August 2021
For the past decade, wealthy Venezuelan Naman Wakil has traveled the globe for business deals while living with his family in a $3.5 million Coconut Grove condominium overlooking Biscayne Bay. On Tuesday morning, federal agents arrested Wakil in a vast money laundering conspiracy case accusing him of making an illicit… Read More
3rd August 2021
Transactional clues — from hotel bills paid in cash to purchases of escort-service ads — are helping Canada’s financial intelligence agency detect human trafficking in the sex trade. The Financial Transactions and Reports Analysis Centre of Canada is now learning from its sleuthing efforts in recent years to make pinpointing… Read More
2nd August 2021
A Vancouver lawyer has been suspended after letting a client use her firm’s trust accounts to move more than $14 million from other countries without providing any legal services or asking where the money came from. In a disciplinary decision on the professional misconduct of Florence Esther Louie Yen, a hearing… Read More
30th July 2021
North Macedonia’s fugitive former prime minister Nikola Gruevski could face a fresh money laundering probe following reports that he used money transferred from his home country to start new business ventures in Hungary, the former prosecutor of the now defunct North Macedonia’s Special Prosecution, SJO, Lence Ristovka, said. “If information… Read More