BVI

Featured BVI

Petroleum Profits and Expensive Estates: Equatorial Guinea Oil Chief’s Wealth Revealed

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

BVI Guv okays bills to deter financial crime

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

Montenegrin Tycoon’s Lawsuit Against Media Highlights a Trail of Controversial Deals

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
19th March 2021
A company newly sanctioned by the U.S. over Alexei Navalny’s poisoning attack is tied to the money-laundering network that Natalia Veselnitskaya tried to cover up at the infamous 2016 Trump Tower meeting, according to financial records obtained by The Daily Beast. Now we know why Vladimir Putin was so… Read More
15th March 2021
By Holger Roonemaa and Oliver Kund, OCCRP, 12 March 2021 OCCRP — On a warm Monday morning in June 2014, two auditors from Estonia’s financial regulator stepped into the Tallinn office of Danske Bank, armed with a single piece of graph paper handwritten with the names of 18 of… Read More
15th March 2021
By Katya Bleszynska, InSight Crime, 9 March 2021 InSight Crime — A new investigative report shows Ponzi and pyramid schemes have proliferated across Caribbean countries during the pandemic, and authorities have been unable to keep up. The report — by the Caribbean Investigative Journalism Network (CIJN) —… Read More
11th February 2021
By Olesya Shmagun, OCCRP, 10 February 2021 OCCRP — A 33-year-old Russian man who runs no known profitable businesses secretly owns European real estate and other assets worth at least 50 million euros, corporate records from Luxembourg show. Sergey Toni’s properties, which he holds through seven… Read More
11th February 2021
The BVI’s ranking for financial secrecy has worsened in the last two years, according to the latest Financial Secrecy Index published by the Tax Justice Network (TJN). TJN publishes the index once every two years and ranks countries based on how much financial secrecy they supply to the world. The… Read More