More than half of the £4.4 billion (US$5.48 billion) worth of foreign-owned Scottish property can be traced to companies that are registered in tax havens, Scottish investigative news outlet The Ferret revealed on Sunday after gaining access to data from the country’s public registers.
Ukraine has in recent years blacklisted hundreds of UK companies, with more than a third registered in Scotland, according to a recent investigation published over the weekend byopenDemocracy.
An Edinburgh judge has sentenced Alistair Greig, owner of Midas Financial Solutions in Scotland, to 14 years in jail for defrauding hundreds of investors out of £13 million (US$16.23 million) through a Ponzi scheme.
Dutch police say they are hunting for five alleged members of a Scottish gang they believe are connected to the death of popular crime blogger Martin Kok in 2016.
Exiled former Peruvian president Alejandro Toledo has been accused of taking millions of dollars in bribes through Scottish shell companies linked to one of the country’s biggest law firms, The Herald claimed on Monday.
The Royal Bank of Scotland (RBS) disclosed Friday that it is under investigation by the UK’s Financial Conduct Authority for suspicions of money laundering "in relation to certain customers."
New UK legislation goes into effect Monday regulating Scottish Limited Partnerships (SLPs), a unique corporate structure that has been increasingly abused by money launderers.
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