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24 U.K. lords placed under investigation over financial interests

By Martin Williams, openDemocracy, 6 September 2021 openDemocracy — Twenty-four members of the House of Lords have been placed under investigation, after openDemocracy revealed they had not declared details of companies that they run. The Standards Commissioner today launched an official probe into the lords –… Read More

EY under scrutiny after second-largest bankruptcy in Swiss history

EY auditors failed to raise the alarm over multimillion-dollar jewellery purchases and approved huge payments to opaque offshore companies in the years before one of Switzerland’s biggest ever corporate collapses. Zeromax, a conglomerate based in the Swiss canton of Zug, had a business empire in Uzbekistan with interests ranging from… Read More

Madoff Victims Get Second Crack at Citigroup’s $343 Million

Victims of Bernard Madoff will get another chance at recovering $343 million from Citigroup Inc. after a federal appeals court overturned a ruling dismissing a claim against the bank. The U.S. Court of Appeals in New York on Monday reinstated a suit against Citi by Irving Picard, the trustee… Read More
18th August 2021
He had glittering success – a long career managing one of the world’s biggest trust companies and making millions from Russia’s oligarchs. Even as his clients mysteriously died, one by one, he managed to stay in the shadows and remain ahead of the game. Until undercover reporters from Al Jazeera’s… Read More
27th July 2021
A U.S. probe into Tether is homing in on whether executives behind the digital token committed bank fraud, a potential criminal case that would have broad implications for the cryptocurrency market. Tether’s pivotal role in the crypto ecosystem is now well known because the token is widely used to… Read More
16th July 2021
By Delfin Mocache Massoko, Stelios Orphanides and Pete Jones, OCCRP, 15 July 2021 OCCRP – A power couple running Equatorial Guinea’s national oil company secretly oversee a global property empire –– which reporters discovered hidden behind a veil of shell companies –– that even their hefty pay packages… Read More
13th July 2021
Six bills designed in large part to deter financial crime took effect recently after receiving assent from Governor John Rankin. The Proliferations Financing (Prohibition) Act, 2021, passed in the House of Assembly on May 11, is designed to prevent the “proliferation of weapons of mass destruction.”… Read More
14th June 2021
By Dejan Milovac  and Jared Ferrie, OCCRP, 11 June 2021 OCCRP — Zoran Bećirović says he’s an ordinary property developer, and he’s suing Montenegro’s two biggest newspapers and a civil society organization for years of reporting “baseless claims” against him in their coverage of his high-profile land… Read More
8th June 2021
Britain’s exotic network of “Treasure Island” tax havens could be facing the biggest threat to its existence in half a century after the United States and its allies pledged to squeeze more tax out of large, profitable multinational companies. The often distant islands of Britain’s former empire have served as… Read More
27th May 2021
Hong Kong’s security chief sent letters to media tycoon Jimmy Lai and branches of HSBC and Citibank this month threatening up to seven years’ jail for any dealings with the billionaire’s accounts in the city, according to documents seen by Reuters. The letters, signed by Secretary for Security John Lee,… Read More
14th May 2021
By Sadie Brown, OCCRP, 13 May 2021 OCCRP — Politically influential people made up a significant portion of the clients at an offshore bank in the Isle of Man, according to a Brookings Institute researcher who analyzed data from a breach published by Distributed Denial of… 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
14th April 2021
From the British Virgin Islands to Geneva, Swiss prosecutors are tracking the suspected fund movements of Lebanon’s central bank chief Riad Salameh, a Swiss newspaper reported Tuesday. The Swiss attorney general’s office said in January it was investigating “aggravated money laundering… in connection with possible embezzlement to the detriment of”… Read More