24th August 2021
A Swiss appeals court has rejected a banker’s bid to lift his three-year regulatory ban from working in the industry over failures to properly fight money-laundering linked to scandal-hit Malaysian sovereign wealth fund 1MDB. In a ruling released on Monday, the Federal Administrative Court turned down the appeal by the… Read More
24th August 2021
The son of Mozambique’s ex-president and 18 others have gone on trial over the $2bn (£1.5bn) “tuna bonds” affair. Ndambi Guebuza, son of former President Armando Guebuza, and the others face charges of blackmail, embezzlement and money laundering. They have not yet commented on the charges. Mozambique’s biggest corruption scandal… Read More
23rd August 2021
A Utah man who touted a revolutionary new smartphone for several years but failed to produce one, has been charged by the US Attorney’s office in Utah with securities fraud. a new filing shows. Chad Leon Sayers solicited approximately 300 investors to invest $10 million in Saygus, promising “imminent billion-dollar… Read More
20th August 2021
By Kelly Bloss, OCCRP, 18 August 2021 OCCRP – Prosecutor in Azerbaijan completed on Monday their investigation of one of the country’s former ambassadors whom they accused of embezzling more than 28.3 million euro (US$33.14 million) in state funds and sent his case to the Court of Grave… Read More
20th August 2021
OSB Group has overhauled some of its internal processes after the specialist lender was hit by a suspected fraud on one of its funding lines. The bank said in its first-half results yesterday that an external review had confirmed the incident, for which OSB has set aside £20 million,… Read More
19th August 2021
The Government says it is pressing ahead with plans to set up a new beefed-up white-collar crime agency and it intends to publish proposed new laws to establish the body in coming weeks. The Corporate Enforcement Authority (CEA) will be established as a standalone entity to replace the Office… Read More
19th August 2021
Philippine President Rodrigo Duterte has included a bill seeking to ease the country’s strict bank secrecy rules in his list of legislative priorities in his final year in office, the central bank said on Wednesday. The move comes weeks after a global dirty money watchdog – the Financial Action Task… Read More
19th August 2021
It’s not your typical South Florida weapons case alleging the export of missiles or assault rifles to a rogue nation. Jorge Nobrega is a prosperous Miami businessman who sold foam to the Venezuelan air force — but U.S. authorities say this was a military-grade foam used to protect fuel tanks… Read More
18th August 2021
The former president of El Salvador’s soccer federation may enter a guilty plea next Monday over his alleged role in a sprawling corruption probe surrounding FIFA and other soccer governing bodies, court records show. A change-of-plea hearing has been scheduled in the U.S. District Court in Brooklyn for Reynaldo Vasquez,… Read More
17th August 2021
On social media, there’s a new type of influencer. But instead of promoting clothing lines and lifestyle products, they promote fraud. They flash stacks of cash, hide their faces, and some even lure new recruits by selling guides on committing fraud. You’d think these scammers and their illegal products would… Read More