When it comes to white-collar crime, it helps to be a private equity firm with good lawyers using subsidiary companies to do the dirty work…
Billionaire Viktor Vekselberg’s Yacht Seized in Spain
Spanish law enforcement today executed a Spanish court order freezing the Motor Yacht (M/Y) Tango (the Tango), a 255-foot luxury yacht owned by sanctioned Russian…
Chinese Money Laundering Network Targeted in Australian Casino Probe
For decades, billionaire property developer Phillip Dong Fang Lee was a VIP at the Star Entertainment Group casino in Sydney’s glitzy Darling Harbour district, racking…
How Apple’s Most Famous Whistleblowers Turned on Each Other
Apple is broadly regarded as one of the world’s most prestigious and aspirational brands, a popular cultural appeal that has allowed them, year after year,…
Microsoft Whistleblower Dishes on Widespread FCPA Abuses in Africa and the Middle East
In a recent essay published on the Lioness platform, Yasser Elabd, a former executive with Microsoft, provides a richly detailed expose of misconduct by the…
Biden’s Budget Includes a Raft of AML Provisions
Increased defense spending and assistance to the Ukrainian government in Kyiv grabbed many of the headlines regarding President Biden’s fiscal year 2023 budget. However, funding…
Two Puerto Rican Executives Arrested on 92-Count Money Laundering Indictment
On March 31, 2022, a federal grand jury returned a 92-count indictment charging two individuals with conspiracy to commit bank fraud, bank fraud, aggravated identity…
Former Corsa Coal Exec Slapped with FCPA Charges over Egypt Bribes
If coal weren’t already dirty enough as an energy source, it’s also been an industry which has long attracted unlawful conduct abroad. On Thursday a…
‘Kleptocapture’ Initiative Aims to Close Corruption Loopholes
The U.S. Department of Justice created what it calls Task Force KleptoCapture, “an interagency law enforcement task force dedicated to enforcing the sweeping sanctions, export restrictions, and…
Crackdowns on Money Laundering Networks Are Delivering Dividends
What do the next 12 months look like regarding the rising focus on anti-money laundering (AML) regulations around the world? As surveillance by regulatory bodies…