Real Estate
2nd June 2021
China’s central bank on Tuesday issued a revised draft anti-money laundering law, under which fines for certain offences would rise to as much as 10 million yuan ($1.6 million) and a host of non-financial institutions would be brought within its scope. The draft, which updates proposals first made in 2006,… Read More
2nd June 2021
Czech police have asked for Prime Minister Andrej Babis to be charged with fraud, following an investigation into alleged misuse of European Union subsidies, according to a statement released on Monday. The criminal unit of the Economic Crime Department of the Prague Police has concluded its investigation into the case… Read More
2nd June 2021
By Zdravko Ljubas, OCCRP, 1 June 2021 OCCRP — A court in Bosnia and Herzegovina sentenced the former head of the country’s Indirect Taxation Authority (ITA BiH) to nine years for his role in a bribery scheme that, according to authorities, deprived the state budget of over US$1… Read More
1st June 2021
The UAE’s Ministry of Economy has started a campaign to ensure that more than 500,000 non-financial businesses in the country submit data on their ultimate beneficiaries. Property brokers, account auditors, dealers of precious metals and gemstones and corporate services providers are being encouraged to register the required data before the… Read More
31st May 2021
Belgian and Latvian authorities have seized Russian assets in a notorious money-laundering affair that saw the killing of whistleblower Sergei Magnitsky. A Belgian investigating judge, Bruno de Hous, seized some €400,000 from the proceeds of an apartment sale in the Belgian city of Antwerp. He also charged two Russians –… Read More
28th May 2021
Malta has demonstrated “significant progress” in fighting money-laundering and terrorism financing, an assessment by Moneyval has found. The Council of Europe anti-money laundering body said on Thursday that Malta has succeeded to meet general expectations after a raft of deficiencies were first identified by Moneyval in 2019. The country has… Read More
27th May 2021
Manhattan’s district attorney has convened the grand jury that is expected to decide whether to indict former president Donald Trump, other executives at his company or the business itself, should prosecutors present the panel with criminal charges, according to two people familiar with the development. The panel was convened recently… Read More
27th May 2021
ACAMS moneylaundering.com — Professional networks of corrupt attorneys, accountants, real estate agents and other corporate services providers have metastasized across the world to help drug traffickers, kleptocrats and other criminals invest in the U.S., U.K., EU and other safe havens. Sheldon Whitehouse (D-RI), the newly appointed chair of… Read More
26th May 2021
Spanish police have arrested a British former Navy sailor on suspicion of running a “highly professional” drugs trafficking operation with links across Europe. Robert Mark Benson, 64, is alleged to have used his “extensive nautical knowledge” to mount an operation deploying boats tosmuggle drugs across the Strait of Gibraltar. Police… Read More
26th May 2021
Estonia’s president, Kersti Kaljulaid, has urged the UK to take action to stop anti-democratic regimes such as Belarus siphoning corrupt money through London’s financial centre. Her plea comes after the EU announced new economic sanctions against Belarus, and punitive measures against its national airline, in response to the hijacking… Read More