Money Laundering

A federal judge reduced prison sentences Tuesday for drug traffickers and former lawmen convicted in the Panama Unit scandal. U.S. District Judge Randy Crane approved sentence reductions for nine lawmen and two drug traffickers Tuesday. Many had filed motions for sentence reductions after the government adopted new guidelines for drug crimes. “If the courts want […]

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Image: FreeImages / Justine FG Armen Ustyan is a 34-year-old Armenian. He lives in a simple house in Vanadzor, Armenia, and works seasonally in the construction sector in Russia. He is also the beneficial owner of a Panamanian company involved in million-dollar transactions, according to records the company held with Ūkio bankas in Lithuania. Ustyan found […]

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Disqualified former Pakistan Tehreek-i-Insaf (PTI) parliamentarian Jahangir Khan Tareen on Tuesday gave a detailed briefing on agriculture to a federal cabinet meeting chaired by Prime Minister Imran Khan, prompting criticism from the PML-N. Addressing a press conference following the cabinet meeting, Information Minister Fawad Chaudhry revealed that Tareen had briefed the meeting on agricultural matters. […]

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Ongoing research has uncovered that the benefits of the enormous profits made from the trans-Atlantic slave trade permeated British society. In the Virgin Islands, the International Business Companies Act 1984 transformed the territory’s poor subsistence economy into one of the most affluent in the region, but the International Consortium of Investigative Journalists exposed in the […]

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The commission put forward two main reasons for this new legislation. Firstly, the public interest served by whistleblowers, with specific reference to the important part played by whistleblowers in recent high-profile matters such as ‘Dieselgate’ (Volkswagen), the Panama Papers and Cambridge Analytica. Secondly, the fact that whistleblower protection across the EU is uneven, with many […]

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The accountability of the police and Attorney General is “deficient” and reports on allegations related to money laundering, corruption and abuse of power are often not followed up with charges, the European Commission has said in a country report about Malta. The government has been rocked by allegations of high-level corruption over the past years, […]

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Another corruption scandal has broken out around Ukraine’s embattled President Petro Poroshenko, only two weeks away from presidential elections, via a massive leak of hacked files. Under the title “Ukrainian Papers”, the leak contains thousands of documents and correspondence relating to Poroshenko’s offshore business empire, his business partners and political allies Oleg Hladkovskiy and Ihor […]

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a sophisticated money-laundering system are gone within a few years, billions from Russia to the West, almost 190 million euros to German accounts. Politicians, businessmen and Criminals took your money from shady sources out of the country, the recipients were, among other things, a charitable company of Britain’s Prince Charles, the account of the company […]

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‘Long Bitcoin, Short the Bankers.’ Coined by Anthony ‘Pomp’ Pompliano, co-founder and partner at Morgan Creek Digital, a digital asset management firm, this catchphrase is now being used by the Bitcoin community whenever a bank or banker appears guilty of wrongdoing. But according to Pompliano himself, the phrase isn’t really about encouraging people to invest […]

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LONDON: Nirav Modi entered the UK on a ‘golden visa’, a tier-1 (investor) visa issued by the British government to investors outside the European Union on a commitment to invest £2 million in UK government bonds or shares of a company, sources in the UK government told TOI on Thursday. The sources revealed that the […]

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