After more than a decade-long push by transparency and anti-corruption advocates to ban the incorporation of anonymous companies, U.S. Congress on Friday passed the measure into law. The move is expected to make it more difficult for criminals and kleptocrats to conceal the origin of their ill-gotten gains.
Through the recently passed National Defense Authorization Act, (NDAA) the U.S. Congress has given the Department of the Treasury one year to establish rules to mitigate the threat of money laundering and terror financing in the antiquities and arts trade.
Authorities in the United States are pursuing forfeiture of an Ohio property allegedly acquired with funds embezzled from one of Ukraine’s largest banks as part of a multi-billion dollar financial scandal.
James Cahill, an American labor leader who was arrested in October on bribery charges, had extensive connections to organized crime, including the famous Gambino Family, the Westies, an Irish gang that once operated in Manhattan, and Group America, a Serbian drug trafficking gang, prosecutors said.
Pakistan's anti-graft agency arrested on Tuesday an opposition lawmaker for owning assets that they said he could not afford with his legal income. His allies say the move is part of the government's crackdown against political opponents.
Cyprus admitted on Tuesday that its recently abolished citizenship by investment program had serious flaws, and that almost everybody in the decision-making process enabled some dubious figures to obtain Cypriot citizenship in exchange for money of unknown origin.
A Chinese court sentenced on Monday a citizen journalist who covered the early stages of the coronavirus outbreak in Wuhan to four years in prison for “picking quarrels and provoking trouble,” her lawyers told reporters.
New York authorities will investigate a network of health clinics over allegations that they fraudulently administered the COVID-19 vaccine to members of the public, despite guidelines that it first be given to frontline workers and the state’s most medically vulnerable citizens.
A Colombian reporter who covered organized crime died on Wednesday after being shot multiple times two days before, his outlet Q’hubo tweeted.