World Criminal News

World Criminal News

  • Ex-gang boss ordered to pay back £700,000 of crim...
    Terry Adams, former leader of ‘Adams family’ London crime gang, loses claim he has insufficient funds to meet demandA former gangland boss has been ordered to pay back more than £700,000 of his criminal earnings said to have been concealed through illegal money-laundering.Terry Adams, the former leader of what has been described as one of the most notorious crime gangs in the UK, lost his claim in the court of appeal that he had insufficient funds to meet the demand. Continue reading... ... read more
    Source: WORLD CRIMINAL NEWSPublished on 2017-03-27By Owen Bowcott Legal affairs correspondent
  • More than half the funds laundered in a major Russ...
    The Global Laundromat, a money-laundering scheme that ran from 2010-2014, funnelled more dirty money through the UK than any other countryMore than $20bn (£16bn) was shifted out of Russia between 2010 and 2014 in a large-scale money laundering operation called the Global Laundromat. The scheme was run by criminals with links to the Russian government, and moved billions in dirty money into Europe through shell companies.The majority of the companies involved in laundering the money were registered in the UK. Over 50% of the money transacted through the Laundromat flowed to shell companies registered in London, Birmingham and Scotland. Related: ... read more
    Source: WORLD CRIMINAL NEWSPublished on 2017-03-25By Caelainn Barr and Cath Levett
  • The Guardian view on UK’s tax havens: British la...
    The time has come for the UK’s tax havens, which make up half of the top offshore centres, to make a choice: complete independence from the UK and keep their laws, or implement all relevant UK lawsThis newspaper’s work exposing the “Laundromat” system of money-laundering highlights again the weaknesses in the United Kingdom’s financial system – built around the City – for detecting illicitly and corruptly obtained money, in this case from Russia. Most of this money is related to proceeds of crime, tax evasion and capital flight. How much dirty Russian cash has entered the financial system is unknown. About $20bn ... read more
    Source: WORLD CRIMINAL NEWSPublished on 2017-03-23By Editorial
  • Oil theft ‘provides billions for terrorists ...
    $1bn of oil is stolen in Mexico each year, while EU loses massive revenues, says the Atlantic Council thinktankOil theft is fuelling terrorist groups and drug cartels around the world, according to a new analysis.Mexican drug gangs can earn $90,000 (£72,000) in seven minutes from tapping a pipeline of refined oil, while insurgents in Nigeria financially benefit from a share of the third of the country’s refined oil exports that is lost to theft, said the Atlantic Council. Related: Torrey Canyon disaster – the UK's worst-ever oil spill 50 years on Continue reading... ... read more
    Source: WORLD CRIMINAL NEWSPublished on 2017-03-21By Adam Vaughan
  • Commons urgent question about Global Laundromat re...
    Sinn Féin politician and Northern Ireland’s former first minister dies aged 66Martin McGuinness, key figure in peace process, diesMartin McGuinness’s obituaryTusk calls EU leaders to special summit to decide their Brexit strategy 1.08pm GMTLabour’s Rushanara Ali says Philip Hammond, the chancellor, should have been here. She says Kirby’s answers have been “appalling”.Kirby says he is sorry that Ali thinks that. 1.06pm GMTLabour’s Kerry McCarthy says the Russian authorities are refusing to cooperate with the National Crime Agency. What is the Foreign Office doing about this?Kirby says he thinks the FCA are in contact with the Foreign Office about this. He ... read more
    Source: WORLD CRIMINAL NEWSPublished on 2017-03-21By Andrew Sparrow (now); Matthew Taylor and Claire Phipps (earlier)
  • Russia accused of hindering UK money laundering in...
    Head of National Crime Agency unit says Russian officials will not say if money entering UK is from proceeds of crimeBritain is struggling to stop vast amounts of potentially criminal money entering the country because investigators are being hampered by the Russian authorities, the head of the National Crime Agency money laundering unit has said.In an interview with the Guardian, David Little said: “The amount of Russian money coming into the UK is a concern. “One, because of the volume. Two, we don’t know where it is coming from. We don’t have enough cooperation [from the Russian side] to establish ... read more
    Source: WORLD CRIMINAL NEWSPublished on 2017-03-21By Luke Harding and Nick Hopkins
  • Russian money and the ‘Global LaundromatR...
    Banks were asked if transactions had raised red flags and if they were cooperating with Moldovan investigators. This is what they saidBritish banks handled vast sums of laundered Russian moneyThe Guardian approached 17 banks that are either based in the UK or have a presence here – and are therefore obliged to have strict anti-money-laundering procedures. They are also supposed to reject or flag any transactions that are a cause for concern. Related: The Global Laundromat: how did it work and who benefited? HSBC is strongly committed to fighting financial crime. The bank has systems and processes in place to ... read more
    Source: WORLD CRIMINAL NEWSPublished on 2017-03-20By Guardian Staff
  • How ‘dirty money’ from Russia flooded ...
    Exclusive: Investigators in eastern Europe have uncovered a trail that leads to fur brokers, Bond Street jewellers and even a Somerset schoolIt’s a dreamy English view. From the top of Glastonbury Tor, you can see green fields and the Somerset levels. Below is a school.There is a sports field, boarding houses and pleasant private woods. There is a golf course and a swimming pool. This is Millfield, one of Britain’s most prestigious and expensive schools. Related: British banks handled vast sums of laundered Russian money Related: The Global Laundromat: how did it work and who benefited? Related: Russian ... read more
    Source: WORLD CRIMINAL NEWSPublished on 2017-03-20By Luke Harding and Nick Hopkins
  • The Global Laundromat: how did it work and who ben...
    Everything you need to know about the money-laundering scheme that moved billions of dollars out of RussiaThe Laundromat is a name given by the Organized Crime and Corruption Reporting Project to a vast money-laundering scheme. Between autumn 2010 and spring 2014 Russian officials and insiders moved billions of dollars into Europe, the US and other countries. Law enforcement officers in Moldova and Latvia have tracked down at least $20bn in dirty money. They believe the real total may be as high as $80bn. Not all of those involved in the Laundromat have been identified. Continue reading... ... read more
    Source: WORLD CRIMINAL NEWSPublished on 2017-03-20By Luke Harding
  • The Global Laundromat: where the money went – vi...
    Exclusive: A global money-laundering scheme enabled criminals to funnel at least $20bn out of Russia and into offshore funds, British property, private school fees and even rock music tours. UK banks such as HSBC, RBS and Coutts processed $738m in the ‘Laundromat’ scheme, which is now being reviewed by the National Crime AgencyBecome a Guardian supporter or make a one-off contribution Continue reading... ... read more
    Source: WORLD CRIMINAL NEWSPublished on 2017-03-20By James Armstrong, Luke Harding, Phil Maynard and Pascal Wyse
  • British banks handled vast sums of laundered Russi...
    Exclusive: Billions of dollars were moved out of Russia in ‘Global Laundromat’ operation, with anonymously owned UK companies playing major roleBritain’s high street banks processed nearly $740m from a vast money-laundering operation run by Russian criminals with links to the Russian government and the KGB, the Guardian can reveal.HSBC, the Royal Bank of Scotland, Lloyds, Barclays and Coutts are among 17 banks based in the UK, or with branches here, that are facing questions over what they knew about the international scheme and why they did not turn away suspicious money transfers. Related: The Global Laundromat: how did it work ... read more
    Source: WORLD CRIMINAL NEWSPublished on 2017-03-20By Luke Harding, Nick Hopkins and Caelainn Barr
  • Police hunting for fugitive killer release CCTV im...
    Merseyside police urge witnesses to come forward as footage shows accomplices aiding Shaun Walmsley’s getawayDetectives hunting for a fugitive killer have released CCTV images showing the armed assailants who aided his escape during a hospital visit.Shaun Walmsley, who has now been on the run for more than two days, was freed when two men armed with a gun and a knife ambushed prison guards outside Aintree hospital in Liverpool at 3.05pm on Tuesday.CCTV images of the escape of Shaun Walmsley. We encourage witnesses who were at the hospital to come forward. https://t.co/dt7HMRnicf pic.twitter.com/AmmoBqopYl Continue reading... ... read more
    Source: WORLD CRIMINAL NEWSPublished on 2017-02-23By Jamie Grierson and Josh Halliday
  • The dark side of Britain’s gold rush: how corrup...
    The super rich flooded into London after 2008. Illicit wealth has followedStand outside a north London private school when the bell rings at the end of the day and it soon becomes apparent how much some parts of the capital have changed in only a few decades.Scything through the chill of a January afternoon comes the chatter of excited children. But these children are not speaking English or French or German. They talk in languages that come from far further afield. Continue reading... ... read more
    Source: WORLD CRIMINAL NEWSPublished on 2017-01-14By Jamie Doward
  • Panama Papers: Europol links 3,500 names to suspec...
    Law enforcement agency analysis uncovers probable matches connected to terrorism, money laundering and organised crime Almost 3,500 individuals and companies in the Panama Papers are probable matches for suspected criminals including terrorists, cybercriminals and cigarette smugglers, according to a document seen by the Guardian.The analysis, which was carried out by Europol, the EU’s law enforcement agency, sheds more light on the breadth of criminal behaviour facilitated by tax havens around the world. Continue reading... ... read more
    Source: WORLD CRIMINAL NEWSPublished on 2016-11-30By David Pegg
  • French businesswoman Jacqueline Veyrac kidnapped i...
    President of Cannes’s five-star Grand Hotel, who is 76, was seized from her car near her home by an organised gang, police sayA millionaire businesswoman has been kidnapped by an “organised gang” near her home in Nice on France’s south coast.Jacqueline Veyrac, 76, president of Cannes’s five-star Grand Hotel, was seized from her car on Monday lunchtime, prosecutor Jean-Michel Pretre said. Continue reading... ... read more
    Source: WORLD CRIMINAL NEWSPublished on 2016-10-25By Agence France-Presse in Nice