Jurisdictions
25th October 2021
The City watchdog buried its own finding that its top bosses missed an opportunity to stop scammers pushing investments which later collapsed with almost £70m of savers’ cash, internal correspondence indicates. The documents raise further questions about Bank of England governor Andrew Bailey’s failure to stop an… Read More
25th October 2021
Senior prosecutors at the Serious Fraud Office have been accused of keeping secret key documents that detailed their misconduct in one of their biggest bribery investigations. Lisa Osofsky, the SFO director, and senior colleagues have been criticised for maintaining improper contact with a US private investigator during… Read More
22nd October 2021
An international watchdog downgraded Turkey to a so-called grey list on Thursday for failing to head off money laundering and terrorist financing, a decision that could further erode foreign investment after a years-long exodus. By Jonathan Spicer, Reuters, 21 October 2021 Read more at Reuters RiskScreen: Eliminating… Read More
22nd October 2021
Five individuals, including a politician from Venezuela’s ruling party and an associate of a businessman close to President Nicolas Maduro, have been charged with money laundering in connection with an alleged Venezuela bribery scheme, the U.S. Department of Justice said. Read More
22nd October 2021
By Henry Pope, OCCRP, 20 October 2021 OCCRP — Authorities in Cyprus announced on Friday that they are potentially revoking the citizenship of at least 45 people after a probe found that more than half of those who were issued passports through a now terminated citizenship-for-investment program should… Read More
22nd October 2021
A government taskforce is to meet on Thursday to discuss ways to tackle the sharp rise in scams that has hit the UK since the start of the pandemic. Groups representing banks, telecoms companies and consumers will meet with the minister for security, Damien Hinds, to discuss measures to tackle… Read More
21st October 2021
Danske Bank has not sufficiently assessed the risk of how the bank’s products and services in Sweden may be used for money laundering and terrorist financing. Danske Bank must therefore rectify these deficiencies no later than June 30, 2022. Read the full press release by the Swedish Financial Supervisory Authority… Read More
21st October 2021
British lawmakers have asked the Financial Conduct Authority why it took five years to prosecute NatWest (NWG.L) for failing to prevent the laundering of nearly 400 million pounds ($551.28 million), after the lender pled guilty earlier this month. By Lawrence White, Reuters, 20 October 2021 Read more… Read More
21st October 2021
When the son of astrophysicist José Franco answered the door at their home in Mexico City in June, he didn’t know why an agent from Mexico’s federal prosecutor’s office was asking for verification that his father lived at that address. When he confirmed it, the agent left without explanation. Franco,… Read More
21st October 2021
The FBI on Tuesday raided a Washington mansion linked to the billionaire Russian oligarch Oleg Deripaska, as part of what media reports described as a “court-authorised search”. House Capitol attack committee votes to recommend Steve Bannon prosecution – as it happened Read more Agents could… Read More