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UK Blacklists Five Individuals Accused of Exacerbating Suffering Through Corruption

The United Kingdom on Thursday imposed asset freezes and travel bans on five individuals accused of enriching themselves from illicit schemes that worsened human suffering in Equatorial Guinea, Zimbabwe, Venezuela and Iraq. The sanctions announced by UK Foreign Secretary Dominic Raab under the nation’s Global Anti-Corruption sanctions regime target Equatorial Guinea’s… Read More

MPs demand answers over closure of bank accounts

MPs are investigating banks over complaints that the accounts of innocent customers have been closed during a crackdown on money laundering. Mel Stride, chairman of the Treasury select committee, has written to Nikhil Rathi, chief executive of the Financial Conduct Authority, raising concerns over reports of account closures at NatWest… Read More

The UK has been linked to Congo’s ‘conflict minerals’ – where are the criminal charges?

According to the Swiss federal criminal court last week, the corruption destroying the Democratic Republic of the Congo – where devastating conflicts over minerals used in our electronics have killed more than six million people – is inextricably linked to the UK, Gibraltar and Switzerland. It was… Read More
22nd July 2021
Launched with fanfare one year ago on 6 July 2020, the UK’s Global Human Rights Sanctions regime gave the foreign secretary the ability to sanction persons implicated in human rights abuses anywhere across the globe. Announcing the programme, Dominic Raab asserted, ‘This is a demonstration of Global Britain’s… Read More
22nd July 2021
Legislation to streamline the UK’s anti-corruption laws and sweep away a myriad of disparate archaic offences was introduced by the coalition government in 2010. But in the week when fraud investigators have struck two more deferred prosecution agreements with corporations, views are mixed as to whether the Bribery Act… Read More
22nd July 2021
By David Klein, OCCRP, 22 July 2021 OCCRP — A British national was extradited to the United States on Tuesday and charged for his role in the decades-long smuggling operation of Subhash Kapoor, a New York art dealer who specialized in looted antiquities from Central and… Read More
21st July 2021
Seven people have been arrested in an operation that police think may have “significantly disrupted” a people smuggling network which moved hundreds of Albanian migrants to the UK illegally. The National Crime Agency (NCA) said the network’s alleged ringleader was among those who were detained in a series of raids… Read More
20th July 2021
A prosecutor in Lebanon has summoned central bank chief Riad Salameh for questioning next month over corruption allegations, a judicial source said on Monday. Mr Salameh, one of world’s longest-serving central bank governors, is facing a series of allegations, including from Switzerland, France and Britain, over suspicions of money laundering,… Read More
20th July 2021
By Thomas Rowley, openDemocracy, 20 July 2021 openDemocracy – The UK’s Financial Conduct Authority (FCA) has been urged to investigate the listing of Belarusian sovereign bonds on the London Stock Exchange, openDemocracy reports today. In a letter written by the Belarusian Coordination Council and seen by openDemocracy, the opposition… Read More
20th July 2021
The thwarted takeover of a troubled Italian bank in 2018 will come into focus in a forthcoming Vatican trial that is tied to Pope Francis’s efforts to clean up Holy See finances after decades of scandals. Weakened by mismanagement and bad loans, Carige bank was placed under special administration by… Read More
19th July 2021
Innocent customers are having their accounts closed, funds frozen and large transactions blocked as panicking banks try to crack down on crime. Regulators have become increasingly concerned that criminals are taking advantage of weaknesses in bank systems. They want banks to be more robust in monitoring transactions, large money transfers… Read More
18th July 2021
Britain may have overpaid more than 8 billion pounds ($11 billion) in welfare payments as fraud and error reached record levels during the first year of the coronavirus pandemic, the government’s spending watchdog said. The National Audit Office (NAO) said the amount overpaid by the Department for Work (DWP) and… Read More
16th July 2021
By Delfin Mocache Massoko, Stelios Orphanides and Pete Jones, OCCRP, 15 July 2021 OCCRP – A power couple running Equatorial Guinea’s national oil company secretly oversee a global property empire –– which reporters discovered hidden behind a veil of shell companies –– that even their hefty pay packages… Read More