Featured Asia-Pacific

1MDB Casts Shadow on Ex-Swiss Bank CEO’s Money-Laundering Trial

The former boss of a defunct Zurich private bank that was mired in the multibillion-dollar 1MDB scandal faces a trial next week accused of money laundering for a Gulf businessman convicted in the affair. Eduardo Leemann, who denies any wrongdoing, is set to appear at Switzerland’s Federal Criminal Court… Read More

India seizes $2.7bn of heroin from Afghanistan at port

Nearly three tonnes of heroin with a street value of $2.7bn (£2bn) from Afghanistan have been seized from a western Indian port in a major bust, officials said. Two Indians were arrested after the heroin, which was kept in two containers… Read More

Operation Trojan Shield: Fresh drug, money laundering charges laid against alleged organised crime criminals

A number of New Zealanders arrested in one of the biggest global crackdowns on organised crime face a raft of new drug charges, including supplying methamphetamine across the North Island and carrying out a money laundering transaction of $1 million. Police have filed fresh charges against eight people who appeared… Read More
21st September 2021
By Scott Pham, Buzzfeed News, 20 September 2021 Buzzfeed News — One year ago today, BuzzFeed News and the International Consortium of Investigative Journalists published the FinCEN Files, the largest reporting project ever undertaken, which revealed how terrorists, kleptocrats, and organized criminals laundered enormous sums of… Read More
21st September 2021
By Henry Pope, OCCRP, 19 September 2021 OCCRP — The International Criminal Court (ICC) green-lit an investigation Wednesday into how the Philippine government waged its ‘war on drugs’ between 2011 and 2019. President Rodrigo Duterte has spearheaded a hardline approach in dealing with people who use… Read More
20th September 2021 Inc. stressed it has zero tolerance for graft and will investigate all allegations of corruption fully, responding to a report by an Indian news outlet that the U.S. e-commerce giant has begun an internal investigation into claims of bribery. The U.S. company started a probe into its legal representatives’… Read More
19th September 2021
India’s Enforcement Directorate, a government agency that fights financial crime, searched Harsh Mander’s premises on Thursday. Officials said they were investigating a money laundering case against him. Read more at BBC Photo: Adam Jones from Kelowna, BC, Canada [CC BY-SA 2.0], via Wikimedia Commons RiskScreen:… Read More
16th September 2021
The taxman will investigate 250 high-earning social media “influencers” to check whether they have been paying their taxes, as the government looks to cash in on the exponential growth of the digital economy amid the pandemic. Letters of authority (LOA) for the conduct of a probe have been sent to… Read More
16th September 2021
By Henry Pope, OCCRP, 15 September 2021 OCCRP — In a blow to organized crime groups profiting off of illegal gambling networks, Interpol aided police raids across Asia and Europe, which seized US$7.9 million in cash and arrested approximately 1,400 suspects, the organization reported on Tuesday. Read More
15th September 2021
A unit in Afghanistan’s central bank leading a 15-year effort to counter illicit funding flows has halted operations, four staff members said, threatening to hasten the country’s slide out of the global financial system. Since 2006, the Financial Transactions and Reports Analysis Center of Afghanistan (FinTRACA) has gathered intelligence on… Read More
15th September 2021
Australia reported on Wednesday a 13% jump in cyber crime in the past year, with about one incident in four targeting critical infrastructure and services as working from home during the pandemic made more people vulnerable to online attacks. The Australian Cyber Security Centre (ACSC) received one cybercrime report every… Read More
15th September 2021
Datuk Seri Ahmad Zahid Hamidi should not have to face two of eight corruption charges in a trial now because of “unreliable” testimony from the prosecution’s star witness, his defence lawyer told the High Court today. Lead defence counsel Hisyam Teh Poh Teik argued that the star witness, textile wholesaler… Read More
13th September 2021
A New Zealand derivatives trading firm and subsidiary of a Hong Kong company has been fined $770,000 for breaching anti-money-laundering laws over nearly $50 million of suspicious transactions. CLSA Premium New Zealand Limited (CLSAP NZ) admitted it was out of line with the Anti-Money Laundering and Countering… Read More