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The Bribing Banker
Swiss banks are no longer what they used to be. The ‘secrecy veil’ has been lifted to a large extent. Money launderers found ‘safer’ havens for their dirty money. This week it was announced that a...
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Cancun mayor arrested
Reuters reports that the mayor of the Mexican beach resort of Cancun has been arrested and charged with money laundering and drug-related crimes, making him one of the highest-ranking public officials...
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Mexican laundering @ $19 billion
A new U.S.-Mexico government study estimates that $19 billion to $29 billion is shipped south, then laundered through cash purchases of land, luxury hotels, cars and other high-end items. Remember the...
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Russian fraud soldiers bodysnatching
Now hear this. On 10 April 2010 a Tupolev aircraft of the Polish Air Force crashed near the city of Smolensk, Russia, killing all 96 people on board. These included the Polish president Lech Kaczyński...
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UNODC on power of organized crime
Last Thursday UNODC launched the report “The Globalization of Crime: A Transnational Organized Crime Threat Assessment“. It shows how organized crime has globalized and turned into one of the world’s...
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Austrian politician stashed 45M euro
An interesting spin-off during an investigation by Austrian and German authorities into the near-collapse of Austrian bank Hypo Group Alpe Adria. The bank was once owned by the Austrian region of...
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Kaddafi was source of Haider’s cash
Now just when you thought it perhaps isn’t as bad as it seems…. Austrian magazin Profil reported that Muammar Kaddafi (or al-Gaddafi; indeed the infamous Libian leader) gave Haider, the late right wing...
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Laundering leaders
Laundering leaders and their families…. The son in law of Kazakh leader Nazabayev, Timor Kulibayev, is subject of a Swiss money laundering probe according to multiple sources. He allegedly used Swiss...
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Swiss Banker acquitted
An end to one of the most spectacular Swiss banking criminal cases. Zurich based banker Holenweger was acquitted of money laundering charges. Eight years after Holenweger was first arrested on charges...
View ArticleIraq financial aid helps everyone but the needy?
“..Millions of dollars in international aid to build and repair Iraq’s dilapidated schools have for years gone unspent. Now, Iraq’s government risks losing the funding as the World Bank weighs whether...
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