Trust & Corp Svcs
7th May 2021
Wall Street firms have urged the Biden administration to ease the industry’s burden in complying with a flood of financial sanctions the U.S. has levied in recent years as a primary tool of foreign policy toward Russia, China, Iran and other adversaries. Financial services industry groups have asked for more… Read More
7th May 2021
Five years ago, tax law expert André Lareau was blocked from giving testimony before the House of Commons finance committee by a last-minute gag order preventing witnesses from talking about a prominent accounting firm’s tax avoidance scheme. Now, he has a message for the members of Parliament who are today rebooting their probe into offshore companies registered in the Isle of… Read More
6th May 2021
Aspiring entrepreneurs know that an impressive office address can be a powerful asset. Customers assume that if a business can afford to be based in an affluent area, it must be successful. But a Money Mail investigation today shows why you should think twice before trusting a grand-sounding location. Number… Read More
4th May 2021
By Graham Stack, OCCRP, 3 May 2021 OCCRP — In the early 2010s, Petro Poroshenko — a billionaire who had just served a stint as Ukraine’s foreign minister, and would later be elected president — built a palatial estate for himself outside Kyiv. He just needed furnishings… Read More
3rd May 2021
By Shane Sullivan, InSight Crime, 30 April 2021 InSight Crime – A dozen people in Colombia are accused of laundering nearly $100 million belonging to crime groups ranging from a Mexico cartel to a Colombian drug gang – in a case that reveals how brokers offer their… Read More
29th April 2021
Victims of a massive investment fraud that operated for years out of Montreal and siphoned more than $500 million offshore are calling on federal politicians to resume an inquiry into Canadian shell companies set up in the Isle of Man, a popular tax haven used by global accounting firms. “On… Read More
26th April 2021
The Morrison government has walked away from plans to unmask nominee directors, a move experts claim will entrench Australia as a safe haven for laundered money and the proceeds of corruption. Australia committed to introducing a so-called “beneficial ownership register” in 2016 and again in 2018 with expectations the reform… Read More
26th April 2021
By Sadie Brown, OCCRP, 23 April 2021 OCCRP – Canada released on Monday its 2021 federal budget in which it announced intentions to create a public registry of corporate beneficial ownership, dedicating CAD2.1 million (US$1.68 million) to the development of the project over the next two… Read More
20th April 2021
By David Klein, OCCRP, 19 April 2021 OCCRP— The Italian mafia is no longer just a violent gang running local rackets and smuggling drugs, but has mastered complex financial operations that can impact the country’s economy, experts said following a massive bust of money laundering operations run… Read More
20th April 2021
Beachfront property owned by China’s political elite. Washington-accused drug lords and gun runners operating blocks apart. Companies enabling North Korea’s purported sanctions-busting fleet. All the above exist in Hong Kong and were exposed, in part, by investigations using Hong Kong’s Companies Registry, a public database that has… Read More