19th July 2021
Thanks in large part to the ongoing COVID-19 pandemic, “golden visas” and “golden passports”—visas and passports granted to wealthy foreign nationals in return for significant investments, regardless of the sources of their wealth—have exploded in popularity over the past year. The market is thriving, thanks to record numbers… 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
18th July 2021
The colourful soccer identity and business partner accused of defrauding Westpac by almost $400 million allegedly funnelled tens of millions of dollars of proceeds into high-end residential properties in Melbourne and near Sydney and a portfolio of petrol stations in small Victorian towns. The alleged $360 million fraud by Bill… Read More
16th July 2021
The key whistleblower in a case that resulted in a former Airbus subsidiary being fined £28.1 million for corruption was “hung out to dry” by the Serious Fraud Office, it has been claimed. Ian Foxley’s evidence led to a guilty plea this year from GPT Special Project Management over bribes… Read More
14th July 2021
The Philippines’ real estate sector has a medium high vulnerability to dirty money transactions due to limited anti-money laundering/combating the financing of terrorism (AML/CFT) regulation, according to the Anti-Money Laundering Council (AMLC). In a report, the AMLC said it received 142,562 covered transaction reports (CTRs) worth P684.4 billion, as well… Read More
14th July 2021
The central bank of Mozambique has fined Africa’s biggest lender, Standard Bank, $4.6 million (about R67m) for engaging in fraudulent activities, the Bank of Mozambique said this week. The central bank also fined two of Standard Bank’s employees about $223 000 and $101 000 each, and barred the bank from… Read More
13th July 2021
The Internal Revenue Service has completed fewer audits of wealthy taxpayers since ending a program to focus on top earners, leading to as much as $1.9 billion in tax dollars going uncollected, according to a watchdog report released Monday. The IRS stopped a program in 2017… Read More
13th July 2021
AP — Lawyers for ousted Myanmar leader Aung San Suu Kyi said Monday they have been informed by the military-installed government that four new charges of corruption have been filed against her. The military overthrew Suu Kyi’s elected government in February and arrested her and top… Read More
13th July 2021
A man has been arrested and charged on suspicion of being a leader of an international people-smuggling network. Gul Wali Jabarkhel, a 32-year-old Afghan national who has been found to have been in the UK illegally, was arrested in Colindale, north London, by National Crime Agency officers on Thursday evening. Read More
12th July 2021
Catalan police have rescued 10 people who had been trafficked by a Chinese mafia and forced to cultivate the drug The footage from Operation Long lasts just three minutes. The worst parts of the video show mattresses pushed against each other on the floor, cooking pots scattered on tables, bottles… Read More