Caribbean

Featured Caribbean

South Florida CEO charged in massive money-laundering case targeting illicit gold trade

The owner of a transportation company that hauls gold around the country has been charged in a massive money-laundering case extending from Latin America to South Florida that is still shaking up the precious-metals industry four years after the initial indictment was filed in Miami. Jesus Gabriel Rodriguez Jr., CEO… Read More

Report: Criminals Exploit Latin American Airports to Traffic Wildlife

By Julett Pineda Sleinan, OCCRP, 24 May 2021 OCCRP — Criminal organizations exploited increased air travel in Latin America and the Caribbean to traffic birds, reptiles, mammals and other species outside and within the region, endangering the world’s most-wildlife rich territory, a new report reveals. Mexico,… Read More

Barbados ex-minister sentenced to two years in U.S. for laundering bribes

A former minister in the government of Barbados was sentenced on Tuesday to two years in prison for laundering bribes he received from a Barbadian insurance company through a U.S. bank, the U.S. Justice Department said. Donville Inniss, 55, who had served as minister of industry in the Caribbean nation… Read More
27th April 2021
Just over 18 square kilometres in size, the paradise island of Bequia (pronounced ‘Bekway’) is off-grid when it comes to most visitors to the Caribbean, except for celebrities and the odd member of the British royal family. But attention is set to be firmly focused on the second-largest island 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
4th February 2021
For Bangladesh, the six months through December amounted to a watershed as a record-breaking $1.2 billion in assets were legalized and thus prevented from ending up parked overseas. The “unprecedented” response by over 7,500 Bangladeshis to a tax amnesty program that lasts through June highlights how much black money vacations… Read More
12th January 2021
Toronto-Dominion Bank will defend itself in a trial starting in a Canadian court on Monday in which liquidators of the collapsed Antigua bank of former Texas financier Robert Allen Stanford are seeking $5.5 billion in damages. The joint liquidators of Stanford International Bank (SIB) allege “negligence and knowing assistance” by… Read More
9th December 2020
By Scilla Alecci, ICIJ, 8 December 2020 ICIJーOne of 30 people in Austria suspected to be members of the Islamic fundamentalist group Muslim Brotherhood was the director of offshore companies linked to a Saudi billionaire, according to an investigation by Austrian media outlets profil and… Read More
30th November 2020
Societe Generale SA was reprimanded by a Swiss court and ordered to give up $150 million deposited by convicted fraudster Allen Stanford that it had fought for nearly a decade to keep. The court ruled that Societe Generale failed to do proper due diligence before accepting Stanford’s money. The… Read More
2nd November 2020
AP – Hugo Chávez’s former nurse has been charged with money laundering in a Miami federal court, accused of taking bribes from a billionaire media mogul to green light lucrative currency transactions when she served as Venezuela’s national treasurer. Claudia Díaz and her husband, Adrían Velasquez, were accused of… Read More
21st October 2020
Germany has issued international arrest warrants for the two founders of the firm at the center of the tax haven scandal exposed by the Panama Papers data leak, German media reported. Mossack Fonseca founders Juergen Mossack and Ramon Fonseca, suspected of tax evasion and associating with criminals, will be arrested… Read More
20th October 2020
Consider the current state of anti-money laundering efforts across the globe. Around 2% of global GDP is laundered annually, amounting to between $800B – $2T. Banks spend around $8B annually fighting it but affect only 0.1% of criminal finance. What we know then is that the ROI of the… Read More
19th October 2020
On a sunny Friday in late January, investigators from the Australian Tax Office issued subpoenas and fired off letters as part of an unprecedented probe that reached around the world. It was a similar scene in Amsterdam, where investigators from the Dutch tax agency set about a similar task. So,… Read More