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Robinhood faces $35mn fine from New York DFS

The renegade trading platform, Robinhood, which was central to the GameStop shares frenzy earlier this year, faces a US$35mn fine from New York financial regulators. The company’s crypto division was issued with a wrist slap in 2020, following the red flagging of several “matters… Read More

Biden says ‘just the beginning’ on Cuba sanctions for crackdown on protests

U.S. President Joe Biden said on Thursday that new U.S. sanctions on Cuba target those responsible for a crackdown on protesters and that they are only the first step in the American response. “I unequivocally condemn the mass detentions and sham trials that are unjustly sentencing to prison those who… Read More

Singapore: Man allegedly helped his firm evade about $1.8m in GST, gave false replies to Iras auditors

A 35-year-old man allegedly assisted his company in evading a total of about $1.8 million in goods and services tax (GST) over a period of four years. Lau Zhen Zhou, who is the sole shareholder and director of Safety Marine Management, was charged on Friday (July 23) with 20 counts… Read More

16th June 2021

Oleg Deripaska Loses Lawsuit Challenging His Sanctions Designation

Russian billionaire Oleg Deripaska lost a lawsuit that had challenged the basis for sanctions the U.S. imposed upon him in April 2018. In a ruling issued Sunday, U.S. District Judge Amit Mehta said the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) had acted within its authority to sanction… Read More

26th May 2021

UK’s Sunak to propose blocking London listings over national security, dirty money concerns

Rishi Sunak is preparing to lay out plans to block companies from listing on the London Stock Exchange on national security grounds amid growing fears of businesses being backed by “dirty money”, it was reported last night. The chancellor plans to launch a consultation within two weeks, with proposals for… Read More

24th May 2021

The Panama Papers Double Cross: How a spy-for-hire got closely guarded dirt on the global elite

When a consortium of reporters released the Panama Papers in 2016, they wanted to block one group from plundering the database which contained records disclosing the owners of thousands of off-shore companies used to hide enormous sums of wealth: corporate intelligence operatives, or private spies. The private spying industry… Read More

28th April 2021

Inquiry tarnishes Cyprus’s golden passports

More than half the people granted EU citizenship under Cyprus’s “golden passport” scheme should not have qualified, an inquiry has found. The 6,779 people, most of them Russian, obtained citizenship between 2007 and 2020 by buying property on the island worth at least €2 million, entitling them to receive a… Read More

25th December 2020

U.S. Senator Asks Treasury for Sanctions Briefing on Deripaska

The top Democrat on the Senate Banking Committee, Sherrod Brown, has asked the U.S. Treasury Department for a briefing about allegations that Russian billionaire Oleg Deripaska continued to influence day-to-day activities of United Co. Rusal International PJSC and whether those activities would violate a 2018 sanctions relief deal. Read More

18th December 2020

Deripaska’s Rusal Role Was Flagged for U.S. Sanctions Review

European officials have provided information to the U.S. government indicating that Russian billionaire Oleg Deripaska continued to exert control this year over United Co. Rusal International PJSC, which the officials say was a breach of a U.S. sanctions agreement reached in 2018. An assessment sent to U.S. officials earlier… Read More

7th October 2020

Rishi Sunak wants to ban suspect firms from FTSE under security plan

Rishi Sunak will take on new powers to block companies from listing on the London Stock Exchange on national security grounds. The chancellor is understood to be preparing to launch a consultation on the details in the coming weeks in response to demands from MPs. The limitations of the rules… Read More

10th June 2020

Russian Billionaire Fights to Avoid Jail by Decrying ‘Vendetta’

The long-running legal spat between billionaire Oleg Deripaska and Vladimir Chernukhin took another twist after the former Russian government minister demanded Deripaska be put in jail. Chernukhin, whose wife is one of the largest donors to the Conservative Party in the U.K., claims Deripaska breached a commitment to court… Read More

4th September 2019

Deripaska Says U.S. Fails to Prove He Acted as Putin Agent

Russian billionaire Oleg Deripaska wants a U.S. judge to lift sanctions against him because, he claims, the U.S. Treasury Department failed to prove he acted as an agent of Russian President Vladimir Putin. The Treasury’s Office of Foreign Assets Control, known as OFAC, punished Deripaska last year in response… Read More

13th June 2019

UK Lawmakers Call for Urgent Fix to ‘Incoherent’ Sanctions Policy

The United Kingdom must amend its disjointed approach to sanctions policymaking and enforcement ahead of the country’s departure from the European Union, a House of Commons committee said in a report Wednesday. The findings by the Foreign Affairs Committee cite concerns that the Foreign & Commonwealth Office has set… Read More

Must Read

Robinhood faces $35mn fine from New York DFS

Biden says ‘just the beginning’ on Cuba sanctions for crackdown on protests

Singapore: Man allegedly helped his firm evade about $1.8m in GST, gave false replies to Iras auditors

Malaysia, US ink bilateral deal to share info on tax dodgers

UK Blacklists Five Individuals Accused of Exacerbating Suffering Through Corruption