Money Laundering

New regulations have been improving the transparency of global real estate, a boon for investors increasingly branching out into new markets. On paper, the progress looks promising. Countries from Colombia to South Korea have introduced policies aimed at reducing red tape, curbing corruption and improving legal processes on everything from sustainability to land-use planning. Canada […]

The Anti-Corruption Commission has summoned seven businessmen named in Panama and Paradise papers for interrogation over their alleged involvement in making illegal wealth through money laundering.The commission on Sunday summoned United Group directors Hasan Mahmood Raja, Khondker Moinul Ahsan, Ahmed Ismail Hossain and Akhtar Mahmud as their names appeared in Panama Papers for interrogation on […]

Dhaka, July 8 (UNB) – Anti-Corruption Commission (ACC) summoned for interrogation seven individuals whose names have been appeared in the leaks of Panama Papers and Paradise Papers. A senior official of the Commission confirmed the information to UNB.   Chairman of the United Group Hasan Mahmud Raza and three directors of the same Group- Khandkar […]

Avenfield case: Friday and Nawaz Sharif’s legal woes Amjad Pervaiz, a counsel for Maryam Nawaz and her husband, has suggested that the accountability court should give its decision in Avenfiled reference  on Saturday instead of Friday to reject the impression that judgment announced on Friday would come against the former prime minister, according to Geo […]

Avenfield case: Friday and Nawaz Sharif’s legal woes Amjad Pervaiz, a counsel for Maryam Nawaz and her husband, has suggested that the accountability court should give its decision in Avenfiled reference  on Saturday instead of Friday to reject the impression that judgment announced on Friday would come against the former prime minister, according to Geo […]

On 19 June, the fifth Anti-Money Laundering Directive (5AMLD) was published in the Official Journal of the European Union. The Directive has important implications for virtual currencies and further toughens EU rules around information on the beneficial ownership of companies and trusts. The Directive will enter into force on 9 July 2018 and Member States […]

On 19 June, the fifth Anti-Money Laundering Directive (5AMLD) was published in the Official Journal of the European Union. The Directive has important implications for virtual currencies and further toughens EU rules around information on the beneficial ownership of companies and trusts. The Directive will enter into force on 9 July 2018 and Member States […]

Pakistan’s anti-graft watchdog, the National Accountability Bureau (NAB), has approached Interpol about extraditing deposed prime minister Nawaz Sharif’s sons, Hassan and Hussain Nawaz, from London, NAB chief confirmed on Thursday, Pakistan Today reported. Former Prime Minister Nawaz SharifThe brothers were requested to appear before the court in 2017 due to their alleged involvement in money […]

Two of the suspects in the murder of Maltese journalist Daphne Caruana Galizia were charged with money laundering on Wednesday, the Times of Malta reported. The brothers claimed to be unemployed, yet lived lavishly with luxury boats and cars.   Malta Police handoutInvestigators had noticed inconsistencies between their finances and lifestyle but George and Alfred Degiorgio, […]

By Gina Conheady Gina Conheady is a Partner in the Corporate and MA practice and Head of AL Goodbody’s San Francisco Office. Gina advises US companies on EU and Irish corporate law, with a principal focus on international expansion, cross-border mergers and acquisitions, international corporate reorganisations and corporate governance. Gina works with a wide range […]

As investigators in Seychelles enquire about the multi-million dollar assets owned by the Senate President, Bukola Saraki, through offshore shell companies in tax havens, his wife, Toyin, who is suspected to have acted as his front, tried to distance herself as a politically-exposed person (PEP) by submitting documents that suggested she was a British national […]