15th March 2021
A Swiss prosecutor is probing whether the late Saudi king broke any laws when he transferred $100 million to a fund controlled by fellow royal Juan Carlos I of Spain in 2008. Last month, a hearing was held behind closed doors in Geneva to discuss a legal opinion that prosecutor… Read More
10th March 2021
Police in Belgium launched a huge operation against drug traffickers on Tuesday morning, in an operation targeted at cocaine smuggling groups. Belgium’s federal prosecutor’s office said searches had been launched at around 5 a.m. local time and involved more than 1,500 police officers. Local broadcaster RTBF said the raids… Read More
1st March 2021
By Max Radwin, InSight Crime, 27 February 2021 InSight Crime — An investigation has identified Mexico as a major contributor to a global seahorse trafficking network centered around China but this trade is also affecting other Latin American nations. The report, published in February by Mongabay… Read More
24th February 2021
South Korean shipbuilder Samsung Heavy Industries agreed to pay 812 million reais ($148.56 million) in a leniency deal with Brazilian authorities to settle corruption investigations, federal prosecutors said late on Monday. On its website, the prosecutor’s office said the deal was part of a global negotiation between the company and… Read More
24th February 2021
By Khadija Sharife and Mark Anderson, OCCRP, 22 February 2021 OCCRP — In January 2020, at the Turkish port of Derince on the eastern shores of the Sea of Marmara, a huge cache of weapons was loaded onto the MV Storm. Registered in the tax haven of Vanuatu,… Read More
22nd February 2021
Drug traffickers engage in a creative game of hide and seek with coast guards and other security forces that board their ships at sea. Rubén Navarrete, a Mexican Navy captain based in the western state of Michoacán, told Televisa News last November that those dedicated to maritime smuggling could only… Read More
22nd February 2021
A new report out today by international NGO, Global Witness, says Libya appears to be losing millions of dollars a year through fraudulent use of its Letters of Credit (LC) system, run by the Tripoli Central Bank of Libya. The report says these deals are passing through correspondent banks in… Read More
15th February 2021
By David Leask, openDemocracy, 12 February 2021 openDemocracy – It was epic, Mykhaylo Shtekel says, and it was cold. He often remembers the early winter day in November 2019 that a tanker, the Delfi, ran aground on one of the golden beaches that stretch south from the… Read More
15th February 2021
If you’ve wondered how the Cuban economy has survived under one-party rule despite 59 years of a trade embargo imposed by its northern neighbor, a small yet wealthy Western European country offers a glimpse how. To stay afloat in difficult times, Cuba has relied on the same mechanism used by… Read More
9th February 2021
Five years ago a young, unknown MP wrote a pamphlet for a Thatcherite thinktank extolling the benefits of free ports. Now that Rishi Sunak is chancellor, his dream for Britain is – for good or ill – fast becoming reality. This week, alliances of port owners,… Read More