Jurisdictions
5th October 2021
By Miranda Patrucic, Ilya Lozovsky, Kelly Bloss, and Tom Stocks, OCCRP, 3 October 2021 OCCRP — For centuries, London has been one of the world’s top destinations for shopping, dining, and good living. And a development boom over the last few decades has only expanded the range… Read More
4th October 2021
A massive leak of financial documents was published by several major news organizations on Sunday that allegedly tie world leaders to secret stores of wealth, including King Abdullah of Jordan, Czech Prime Minister Andrej Babis and associates of Russian President Vladimir Putin. The dump of more than 11.9 million records,… Read More
1st October 2021
The former French president Nicolas Sarkozy has been sentenced to a second jail term after being found guilty of illegal campaign financing for the vast, showman-style political rallies of his failed 2012 re-election campaign. The 66-year-old, who remains an influential figure on the French right, received a… Read More
1st October 2021
They are accused of setting up an elaborate scheme, known as the “Singapore Solution”, to funnel money out of Switzerland, through structures in Hong Kong and Singapore, and back into Swiss bank accounts. Read more at SWI swissinfo.ch RiskScreen: Eliminating Financial Crime with Smart Technology… Read More
30th September 2021
The U.K.’s Serious Fraud Office is investigating the Alpha and Green Park group of companies for suspected fraud and money laundering following a dawn raid, the prosecutor said in a statement. By Ellen Milligan, Bloomberg, 29 September 2021 Read more at Bloomberg RiskScreen: Eliminating Financial… Read More
30th September 2021
The Authority has just published its AML/CFT Monitoring report which reviews its enforcement approach of the law over the past three years. The FMA had taken a stiffer approach to non-compliance over the period, issuing 27 private warnings, three public warnings and its first… Read More
29th September 2021
Germany’s financial watchdog BaFin has issued a fine to digital bank N26 for delayed reporting of suspicious money-laundering activity, the bank said on Tuesday. BaFin ordered N26 to pay 4.25 million euros ($5.0 million) in June related to the delayed submission of suspicious activity reports “in the area of anti-money… Read More
28th September 2021
The changes with regards to AMLD5 on prepaid card transactions represent key information for the payments ecosystem, especially on the way it could impact the payment acceptance rate. Using his expertise in the field of legal consulting, Timelex‘s Niels Vandezande sheds light on the new rules and exceptions around this law The directive… Read More
28th September 2021
The Illicit Tobacco Taskforce (ITTF) is an Australian Border Force (ABF)-led multiagency taskforce established in 2018. The ITTF is focused on investigating, prosecuting, and dismantling international organised crime groups who use the proceeds of illicit tobacco to fund criminal activities. The ITTF combines the operational, investigative and intelligence capabilities of… Read More
26th September 2021
Brazilian authorities are investigating whether JPMorgan Chase & Co played a role in an alleged bribery and money laundering scheme that dated back to 2011 and involved state-run oil company Petrobras, according to documents reviewed by Reuters and two law enforcement sources. So far, police have focused their attention on… Read More