Featured Offshore

Over 100 arrested in Spain and Italy in major money-laundering sting

More than 100 people have been arrested in Spain and Italy following a joint investigation into money laundering. The sting targeted an Italian mafia gang on the Spanish island of Tenerife, who are accused of laundering more than €10 million. The group is alleged to have made its money through… Read More

How a convicted criminal can buy a famous English football club

By David Harrison and Al Jazeera Investigative Unit, Al Jazeera, 10 August 2021 Al Jazeera – In a plush suite at a boutique hotel in London, a man known as The Magician is lounging on a sofa, his right arm snaking out across the top. “The usual rubbish, I’m used to it,”… Read More

Jersey trust papers raise more questions for Maxwell brothers

Kevin Maxwell, once Britain’s biggest bankrupt, has faced the threat of a second bankruptcy several times but avoided it, sometimes with last-minute agreements with creditors. Newly discovered documents, seen by The Times, shed light on Kevin Maxwell and his brother Ian’s opaque finances and raise questions about the nature of… Read More
4th August 2021
A year after Spain’s former King Juan Carlos went into self-imposed exile in the face of mounting questions over his finances, he remains under a cloud of suspicion that complicates his return home. He announced on August 3, 2020 he was moving abroad to prevent his personal affairs from undermining… Read More
6th July 2021
A Jersey jeweller has been jailed for seven and a half years for money laundering for a drug gang. Darius James Andrew Pearce, aged 49, used his business to receive cash, to buy gold which was then used to fund the importation of drugs. He had been found guilty on… Read More
1st July 2021
Increased powers to seize ill-gotten cash and property are being worked on, the director of Guernsey’s new Economic and Financial Crime Bureau has said. Kevin Davis, previously chief investigator for the UK Serious Fraud Office, said his new agency would use all legal remedies at its disposal as it takes… Read More
14th June 2021
A new body has been set up by in Guernsey to investigate money laundering, financial crime and to recover proceeds of unlawful conduct. The Economic Financial Crime Bureau (EFCB), which has been created by the the Committee for Home Affairs, plans to use a range methods – including the law… Read More
7th June 2021
After amassing a fortune selling scrap metal in South Africa, Peter Cooper immigrated to Canada in the mid-1990s with his sons Marshall and Richard and their families. They settled in Victoria, purchased luxurious homes and became permanent residents — qualifying for Canadian health care and other social services. But that… Read More
31st May 2021
Economists, legal practitioners as well as other professionals and civil society organisations have expressed concerns over the poor management of returned looted funds, especially the money stolen by former Head of State, Gen. Sani Abacha. Disturbed by increasing wave of corruption across the country, despite the much-talked about anti-corruption campaign… Read More
24th May 2021
By Daniel Balint-Kurti and Will Jordan, OCCRP, 22 May 2021 OCCRP – The Iraq war was good to American oil baron Todd Kozel. As the country was in the midst of a full-blown insurgency in 2007, his London-listed firm Gulf Keystone signed an agreement with the government… Read More
20th May 2021
For years, ultra-wealthy Canadians — aided by high-priced accounting and tax law firms — have been setting up offshore shell companies in the Isle of Man so they can dodge taxes back home, avoid paying future creditors (such as ex-spouses) and hide their identities. Now, MPs on the House of Commons finance committee appear… 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
7th May 2021
Five years ago, tax law expert André Lareau was blocked from giving testimony before the House of Commons finance committee by a last-minute gag order preventing witnesses from talking about a prominent accounting firm’s tax avoidance scheme. Now, he has a message for the members of Parliament who are today rebooting their probe into offshore companies registered in the Isle of… Read More