ICIJ
Major banks moved vast sums of illicit money – investigation
Massive sums of allegedly dirty money have flowed for years through some of the world’s largest banking institutions, said an international journalism investigation published Sunday, which denounced shortcomings in sector regulations. “Profits from deadly drug wars, fortunes embezzled from developing countries, and hard-earned savings stolen in a Ponzi scheme were all allowed to flow into and out of these financial institutions, despite warnings from the banks’ own employees,” according to the probe from Buzzfeed News and the International Consortium of Investigative Journalists (ICIJ). The investigation, which was led by 108 international media outlets from 88 different countries, is based on thousands of suspicious activity reports (SARs) submitted to the US Treasury Department’s financi...
Angola mulling arrest warrant for Isabel dos Santos – prosecution
Angola’s attorney general said on Thursday that he did not rule out issuing an international arrest warrant against billionaire businesswoman Isabel dos Santos, suspected of corruption in her native country and Portugal. “We are working in cooperation with the Portuguese authorities. And if the need arises… to get to that point, we will see how to proceed,” Helder Pitta Gros said in response to questions at a press conference in the capital Luanda. “These are procedural issues, (and) as you can imagine I cannot say more about a process that is under way. We are working on it,” he said. Dos Santos, 47, described by Forbes as the wealthiest woman in Africa, is accused of diverting billions of dollars from state companies during her father Jose Eduardo dos Santos’s near four-decade rule of th...
