France
29th June 2021
A French court on Monday rejected a challenge filed by Swiss bank UBS linked to constitutional aspects of its French tax case, confirming that judges would rule on the lender’s appeal against a 4.5 billion euro ($5.36 billion) fine on Sept. 27. UBS is looking to overturn a 2019 French… Read More
28th June 2021
A group of Spaniards drove up a private road on the dry plateau west of Madrid. The four entrepreneurs, hungry for cash for their promising startup, were headed to meet a wealthy young Venezuelan, owner of the hilltop castle ahead. The meeting, according to three people familiar with that July… Read More
25th June 2021
Late M&A banker Jean-Marc Forneri’s Swiss lawyer and wealth manager were found guilty of helping him conceal assets and dodge taxes in a French crackdown on those who facilitate financial crime. The Swiss lawyer, John Metzger, was given an 18-month suspended sentence and a fine of 300,000 euros ($359,000) by… Read More
7th June 2021
France has opened a probe into the personal wealth of Riad Salameh, central bank chief in crisis-hit Lebanon, sources told AFP on Sunday. Paris financial prosecutors have opened a preliminary probe into criminal association and money laundering by Salameh, a source close to the investigation and a judicial source said,… Read More
28th May 2021
For a savvy banker, the way Jean-Marc Forneri moved funds around in 2014 was curious, to say the least. That year, Forneri — who over a high-profile career advised a French finance minister, climbed to the top ranks at Credit Suisse Group AG and ran his own M&A firm… Read More
21st May 2021
BNP Paribas SA was charged in France over accusations it laundered money stemming from corruption and embezzlement in a case over alleged ill-gotten assets linked to Gabon. The charges were issued on May 11 as part of an investigation into French wealth of the family of the late Gabonese… Read More
21st May 2021
Italy’s deputy police chief is urging European partners including Germany, France and the U.K. to improve their defenses against mafia takeovers of businesses weakened by the pandemic, warning of a spread of organized crime across the continent. Italian security forces have sought to shine a spotlight on the tactics of… Read More
20th May 2021
By Natalie Gryvnyak, OCCRP, 19 May 2021 OCCRP — Four users of the encrypted communications platform EncroChat have been sentenced for drug trafficking in the U.K., following a National Crime Agency (NCA) investigation stemming from the decoding of messages on the once-secured phone system. The four,… Read More
13th May 2021
The European Union is drawing up sanctions on politicians in Lebanon seen as blocking the formation of a government, readying the bloc’s first penalties on its Middle Eastern ally in frustration at the ruling elite’s mismanagement, diplomats said. Led by former colonial power France, the bloc is seeking to ramp… Read More
10th May 2021
Iran is pushing for its banking industry to be given guaranteed and conclusive sanctions relief at talks to restore the country’s nuclear deal with world powers. “The removal of sanctions against the central bank, Iranian banks, SWIFT, and any money transfer between them and major foreign correspondent banks, needs to… Read More