Jurisdictions
8th October 2021
NatWest said “we deeply regret” failing to “adequately monitor and therefore prevent money laundering by one of our customers between 2012 and 2016”. The state-backed bank, formerly Royal Bank of Scotland, is the first British lender to admit such an offence. Lawyers told a court hearing that NatWest faces a… Read More
8th October 2021
By Henry Pope, OCCRP, 7 October 2021 OCCRP — Europol announced on Wednesday that, in cooperation with German authorities, Romanian police arrested 21 suspected members of a transnational network that smuggled Afghan migrants to Germany and France. Police made the arrests as they… Read More
8th October 2021
By Mark Wilson, Insight Crime, 7 October 2021 Insight Crime — Specialist gangs have been caught smuggling expensive vehicles from Colombia into Venezuela, shining a spotlight on how an increasingly dollarized economy has allowed a black market for luxury goods to thrive. In late September, thieves hijacked a Toyota… Read More
7th October 2021
The European Commission will present by the end of the year new legislative proposals to tackle tax avoidance and tax evasion, the EU tax commissioner Paolo Gentiloni told the European Parliament on Wednesday. The tax discussion at the plenary session of the EU parliament was added to the agenda after… Read More
7th October 2021
The Pandora papers data leak has once again highlighted the predatory practices of the world’s political and financial elites – enriching themselves by looting the public purse, or exploiting laws which they themselves helped to establish. About $3.6tn (£2.6tn) of the proceeds from bribery,… Read More
7th October 2021
By David Klein, OCCRP, 6 October 2021 OCCRP — People are the most traded commodity in the world of organized crime, but whatever the criminals choose to make profit from, in most cases they have the blessing of state actors, a Swiss-based civil-society organization said in its… Read More
6th October 2021
When White House officials began looking for new candidates to lead one of the banking industry’s top regulators this summer, they saw Saule Omarova as a compromise between the competing demands of moderate and progressive Democrats. Ideological divisions had already scuttled the chances of… Read More
6th October 2021
More than 1,000 police and special forces officers raided homes, offices and businesses in three German states early Wednesday morning. Officials were targeting an international money laundering network suspected to be involved in terror financing, German media reported citing police. By Richard Connonr, Deutsche Welle, 6 October 2021 Read more… Read More
6th October 2021
Former deputy prime minister Datuk Seri Ahmad Zahid Hamidi’s alleged failure to check if the millions of ringgit of purported “donations” received were from lawful or illegal sources is quite similar to the situation in former prime minister Datuk Seri Najib Razak’s criminal case, the High Court heard today. The… Read More
6th October 2021
Gary Gensler, the head of the U.S. The Securities and Exchange Commission has confirmed that his agency does not have the authority or intention to ban cryptocurrency. While responding to questions during an Oct. 5 House Committee on Financial Services hearing, Gensler emphasized that prohibiting crypto does… Read More