Posts in category

Money Laundering


A Ferrari and a Bugatti Veyron, part of a collection of luxury cars belonging to Teodoro Obiang and confiscated by the prosecutor’s office in Geneva, Switzerland, September 2019. [Reuters] In May last year, the Ethics and Anti-Corruption Commission (EACC) secured asset freezing orders from Migori governor Okoth Obado and members of his family as part …

Amid the third massive leak of offshore account records in the past six years, known as the Pandora Papers, this newspaper urges US President Joe Biden to re-energize the Financial Action Task Force (FATF) in line with his campaign promises. Unlike previous leaks, in 2016 and the following year, the Pandora Papers – a wealth …

NFT developer Dapper Labs has agreed to a long-term partnership with blockchain tracing company Chainalysis to detect and prevent non-fungible token money laundering (NFT) and market manipulation, Chainalysis announced Thursday. Dapper Labs will use Chainalysis’s Know Your Transaction (KYT) and Reactor compliance tools, which report suspected criminal activity and enable further investigation of those transactions, …

Deputy Attorney General Lisa O. Monaco today announced the creation of a National Cryptocurrency Enforcement Team (NCET), to tackle complex investigations and prosecutions relating to criminal cryptocurrency abuses, in particular to crimes committed by virtual currency exchanges, mixing and tumbling services and money laundering infrastructures. actors. Under the supervision of Deputy Attorney General Kenneth A. …

Three suspects have been named in connection with a drug trafficking and money laundering plot. Yesterday (October 5), detectives from the North West Regional Organized Crime Unit (NWROCU) charged three men in connection with the offenses. The charges relate to the supply of cocaine and money laundering between August 2018 and June 2020. READ MORE:An …

introduction Bitcoin was and continues to be both an innovation for companies looking to streamline their operations with blockchain technology as well as a challenge for federal agencies pursuing uniform regulation of cryptocurrencies. At the same time, cybercriminals have capitalized on Bitcoin to help them carry out elaborate money laundering schemes. Since Bitcoins are online …

The Senate has taken steps to ban the establishment and operation of shell banks in Nigeria in order to strengthen the existing anti-money laundering system. It also aims to prohibit the country’s banks and other financial institutions from having commercial relations with shell banks. A shell bank is a bank that has no physical presence …

The Pandora Papers which were unveiled this weekend released more than twelve million documents revealing systematic tax evasion of fourteen companies using offshore bank accounts to hide the assets of hundreds of high net worth clients, including more than 100 billionaires. The articles also highlight corporations and high net worth individuals using shell companies and …

Information Minister Fawad Chaudhry said details of the global elite’s financial secrets via the “Pandora Papers” – which are expected to be released today (Sunday) – “will further strengthen Prime Minister Imran’s position. Khan against money laundering ”. In a tweet on Sunday, Fawad said: “If the ‘Pandora Papers’, like the ‘Panama Papers’, detail how …

Leader of the opposition in the National Assembly Shahbaz Sharif (L) and his son Suleman Sharif. LONDON: The UK’s National Crime Agency (NCA) told Westminster Magistrates’ Court it had frozen the assets of members of the Sharif family as part of its money laundering investigation “on the basis of correspondence with the ARU ”, according …