OTHER THINGS YOU MAY HAVE MISSED – APRIL 18

Panama Covid-19 update – once more today, too early for the daily news conference.  However, it might be worth saying that these news conferences are very thorough, with all the facts and figures, new and important information, and with updates from the health and social services ministry and police.  Compared to those in the UK and US, they are sober, authoritative and delivered with a lack of spin.  Following the announcements, a Q&A session follows, with reporters asking questions by video or audio link.  This is the first of another complete 2-day lockdown, which has upset a few men, those on the ex-pats forums whinging that it is discriminatory, and that announcing it at the news conference on Thursday evening is too late for men on their own to make preparations.

 

18 April 2020

US: PASTOR SET TO PLEAD GUILTY TO MORE THAN $33 MILLION FRAUD

On 17 April, The Orange County Register in California reported that a church pastor accused of swindling more than $33 million from investors has agreed to plead guilty to criminal charges, according to the US Attorney’s Office.  Prosecutors allege that he ran the Church of the Healthy Self – along with a related investment arm known as CHS Trust – out of a strip mall.  He directed church representatives to appear on TV and at live seminars – appearances that were recorded and frequently uploaded on YouTube – in order to solicit investments, promising them a 12% rate of return, a guaranteed return of principal with no risk due to federal insurance and a claim the organization was audited by an accounting firm.

https://www.ocregister.com/2020/04/17/westminster-pastor-set-to-plead-guilty-to-more-than-33-million-fraud/

 

IMPORT AND EXPORT CONTROLS IMPOSED ON FENTANYL PRECURSOR

In an announcement dated 20 April, Sandler Travis Rosenberg reported that a final rule from the DEA will prohibit the import into the US from 18 May of the precursor chemical norfentanyl (N-phenyl-N-(piperidin-4-yl)propionamide) as an immediate precursor for the schedule II controlled substance fentanyl.

https://www.strtrade.com/news-publications-import-export-control-norfentanyl-DEA-042020.html

 

HOW FENTANYL AND OTHER SYNTHETICS ARE DRIVING THE OPIOIDS SURGE

The RAND Corporation in the US has a page devoted to the opioid crisis in the US, with articles and videos.

https://www.rand.org/multimedia/video/2020/04/09/how-fentanyl-and-other-synthetics-are-driving-the-opioids-surge.html

 

GULF OF GUINEA: STEPPING UP TO THE MARITIME-SECURITY CHALLENGE?

On 17 April, the International Institute for Strategic Studies published a blog post saying that, despite recent efforts to boost naval capacity in the Gulf of Guinea, maritime-security challenges persist. Meeting these will require both the involvement of local states and international support.  It is estimated that the Gulf of Guinea is now the source of 2.7% and 4.5% of the world’s reserves in gas and oil respectively. It has also become a focal point of piracy – including ‘petro-piracy’ – and acts of armed robbery at sea.  It is also reported that nearly half of the 111 incidents at sea reported in the area in 2019 took place less than 12 miles from the coast.  It also says that illegal fishing and port security are also major challenges for regional states.

https://www.iiss.org/blogs/military-balance/2020/04/gulf-of-guinea-maritime-security-challenges

 

NORTH KOREA’S REFINED PETROLEUM IMPORTS EXCEEDED UN LIMIT UP TO 8 TIMES

On 18 April, Yonhap News reported than a UN panel had revealed that North Korea’s imports of refined petroleum products exceeded the annual limit imposed by the United Nations by up to 8 times in the first 10 months of last year, a UN panel of experts said in a new report.

https://en.yna.co.kr/view/AEN20200418000200325?section=nk/nk

 

EVOLUTION OF UAV EMPLOYED BY HOUTHI FORCES IN YEMEN

One of a series of booklets produced by Conflict Armament Research is this one which tracks the evolution of Houthi unmanned aerial vehicles (UAV), which have become increasingly lethal and powerful. It finds that the Yemeni group is able to domestically manufacture some components while procuring more sophisticated electronic items from foreign supply networks.

https://www.conflictarm.com/download-file/?report_id=3185&file_id=3189

 

CORRESPONDENT BANKING DUE DILIGENCE QUESTIONNAIRE – NEW VERSION

On 17 April, the Wolfsberg Group of banks announced that it had released an updated version of the Correspondent Banking Due Diligence Questionnaire (CBDDQ) along with updated supporting FAQ, Completion Guidance and Capacity Building Guidance.  The Group says that the CBDDQ aims to provide an enhanced and reasonable standard for cross-border and/or other higher risk Correspondent Banking Due Diligence.

https://www.wolfsberg-principles.com/articles/correspondent-banking-due-diligence-questionnaire-new-version-publication

 

ILLICIT TRADE AND THE UN SUSTAINABLE DEVELOPMENT GOALS (SDG)

The Transnational Alliance to Combat Illicit Trade has produced a report saying that, from  smuggling, counterfeiting and tax evasion, to the illegal sale or possession of goods, services, humans and wildlife, illicit trade is compromising the attainment of the UN SDG in significant ways, crowding out legitimate economic activity, depriving governments of revenues for investment in vital public services, dislocating millions of legitimate jobs and causing irreversible damage to ecosystems and human lives – but that insufficient attention has been given to the substantial impact that illicit trade has on  holding back progress.

https://www.tracit.org/publications_illicit-trade-and-the-unsdgs.html

http://www.tracit.org/uploads/1/0/2/2/102238034/tracit_sdg_summary_16pg_highres.pdf

 

CONTAGION AND EXTORTION IN CENTRAL AMERICA

On 17 April, the Global Initiative Against Organized Crime published an article asking how is COVID-19 impacting the extortion economy of the Northern Triangle countries (Guatemala, El Salvador and Honduras)?  A local network of experts assess how gangs in the region are adapting to the conditions imposed to contain the spread of the disease – as gangs – known locally as maras – have seen their capacity to extort restricted by the measures imposed to contain the disease.  It is reported a 9% decrease in the number of extortion incidents reported by the police in Guatemala. In El Salvador and Honduras, the figures show a 16.6% and an 80% decrease, respectively. The forced changes include gangs having raised their ‘rents’ (i.e. protection money) to businesses that are still permitted to operate by law, such as food delivery or drinking water supply services, to compensate for their losses in other industries, though elsewhere gangs appear to have gone into hiding for self-preservation.

https://globalinitiative.net/covid-extortion-central-america/

 

JAPANESE BANK SWINDLE BIGGEST OF YEAR SO FAR FOR HONG KONG POLICE’S ONLINE CRIME SPECIALISTS

On 11 April, the South China Morning Post reported on a HK$310 million scam, but said that 80% of the involved funds were intercepted before scammers can transfer it out of city bank accounts.  The case involved a US branch of a Japanese bank being tricked into transferring US$40 million into 5 Hong Kong bank accounts, but bank staff realised it was a scam when they contacted the genuine client.

https://www.scmp.com/news/hong-kong/law-and-crime/article/3079414/hk310-million-japanese-bank-swindle-biggest-year-so

 

UK REPORT: TAX EVASION AND TAX AVOIDANCE

On 18 April, the House of Commons Library published a briefing paper which sets out to provide an introduction to the issue of tax avoidance, looking in detail at the development of follower notices and accelerated payments, before discussing the current Government’s approach.

http://researchbriefings.files.parliament.uk/documents/CBP-7948/CBP-7948.pdf

 

OLAF – CONSORTIUM SIPHONED OFF EU FUNDS EARMARKED FOR AN ENVIRONMENTAL PROGRAMME WHICH ENDED UP BEING PUMPED INTO A CASINO/HOTEL PROJECT IN CYPRUS

On 18 April, the Cyprus Mail reported that the European anti-fraud office has said a European consortium siphoned off EU funds earmarked for an environmental programme which ended up being pumped into a casino/hotel project in Cyprus.  A project that aimed to improve forest fire detection had in fact focused mainly on attempting to defraud the European Commission’s Research Executive Agency (REA) out of more than €400,000.

https://cyprus-mail.com/2020/04/18/cyprus-link-to-attempt-to-defraud-eu-out-of-more-than-e400000/

 

AUDIO REVEALS PRESSURE ON EY DUBAI GOLD WHISTLE-BLOWER

On 18 April, Al Jazeera claimed an exclusive, saying that it has obtained evidence that reveals how senior managers at EY tried to force Amjad Rihan to return to his job in Dubai, knowing that he feared for his safety.  He was recently awarded $11 million in damages and lost earnings by the High Court in London, and was a former partner of accountancy firm Ernst & Young (EY) and was forced to resign after exposing money-laundering and serious compliance failures at Dubai’s largest gold refinery.

https://www.aljazeera.com/news/2020/04/exclusive-audio-reveals-pressure-dubai-gold-whistle-blower-200418134421024.html

 

 

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CRIMINAL MUTUAL LEGAL ASSISTANCE: ESTABLISHING A DIFFERENT RELATIONSHIP POST-BREXIT

On 17 April, a blog post from Corker Bining which assesses the strategic risk posed by Brexit to the UK’s future ability to seek and obtain criminal mutual legal assistance from EU Member States. For example, it refers to the Joint Investigation Team (JIT) involved in the Airbus case, and which is a creature of EU law.  The article concludes that it is realistic to assume that the UK will struggle to improve upon the partnerships enjoyed by non-EU Schengen countries. It may well do worse – and that while cooperation will continue with criminal investigations and prosecutions that cross the UK/EU border, the UK may ultimately come to regret being just friends.

https://www.corkerbinning.com/criminal-mutual-legal-assistance-post-brexit/

 

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REPORT EXAMINES THE TRENDS, TRANSIT ROUTES, AND TRAFFICKING METHODS USED BY WILDLIFE SMUGGLERS EXPLOITING THE AVIATION INDUSTRY

On 15 April, C4ADS published a report: “Runway to Extinction”, saying that wildlife trafficking is global in scope, rather than a regional problem, with trafficking attempts reported more and more frequently.  It says that wildlife traffickers tend to exploit the same vulnerabilities within airports that other traffickers do, giving enforcement authorities and the private sector an opportunity to address the weak points identified within this report and strengthen their defences.

https://c4ads.org/s/Runway-to-Extinction.pdf

 

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AIR CARGO SCREENING CHANGES PLANNED FOR 2021

In an announcement dated 20 April, Sandler Travis Rosenberg reported that new international security standards for the transport of air cargo on all-cargo aircraft are due to take effect next year.  By 30 June 2021, International Civil Aviation Organization (ICAO) member states must ensure that all international air cargo transported on commercial aircraft is either screened to a level intended to identify and/or detect the presence of concealed explosive devices; or travels under appropriate security controls throughout the cargo supply chain to prevent the introduction of concealed explosive devices.

https://www.strtrade.com/news-publications-air-cargo-screening-aircraft-TSA-ICAO-042020.html

 

 

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UK GAMBLING COMMISSION BAN ON CREDIT CARDS – WHAT ABOUT E-WALLETS?

Bird & Bird has published an article posing this question re new rules from the Gambling Commission extend a ban on credit card use to all forms of remote gambling, and reports on what this means for gambling operators and e-wallet providers.  The rules came into force on 14 April and mean now that only non-remote lottery sales fall outside the ban.  For e-wallet providers, each needs to assess whether it needs to develop a solution to prevent credit card payments – or withdraw from the gambling market.

https://mediawrites.law/gambling-commission-ban-on-credit-cards-for-gambling-what-about-e-wallets/

 

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OTHER THINGS YOU MAY HAVE MISSED – APRIL 17

Panama Covid-19 update – 194 new cases added in the previous 24 hours, bringing the total up to 4,210, with 116 fatalities.  There were also 553 arrests in the last 24 hours for breaking the curfew/isolation rules.  Motorists who are caught have their cars towed away and lose both their car and driving licence for 3 months (in addition to any fine or jail term).  Today (Friday) the last day to go out shopping etc until Monday (if a woman) or Tuesday (if a man), as the weekend is another total lockdown.

17 April 2020

SOUTH KOREAN HUMANITARIAN AID TO IRAN

On 17 April, the EU Sanctions Blog reported that South Korea had begun shipping humanitarian aid to Iran, under an OFAC licence.  It is also said that work on the Korean Humanitarian Trade Arrangement (KHTA), for humanitarian transactions is progressing involving an Iranian bank which is not subject to US sanctions.

https://www.europeansanctions.com/2020/04/ofac-licence-authorising-s-korea-humanitarian-exports-to-iran/

US PAYCHECK PROTECTION PROGRAM POSES AML COMPLIANCE CHALLENGES

On 17 April, KYC 360 reported that the $350 billion Paycheck Protection Program established by the Coronavirus Aid, Relief, and Economic Security Act means that many lenders releasing funds now face a substantial compliance burden: establishing an AML system that will pass regulatory scrutiny – especially for non-bank lenders not familiar with the rigors of AML compliance.

https://www.riskscreen.com/kyc360/news/u-s-paycheck-protection-program-poses-aml-compliance-challenges/

PAKISTAN: MUSLIM LEAGUE PRESIDENT IN MONEY LAUNDERING CASE

On 17 April, Pakistan Muslim League-Nawaz (PML-N) President and National Assembly Opposition Leader Shehbaz Sharif has been summonsed in a money laundering case.  The National Accountability Bureau alleges that assets had been identified as illegally accumulated by Shehbaz and both his sons — Punjab Assembly Opposition Leader Hamza Shahbaz and Suleman Shehbaz.  In December, NAB froze 23 properties of Shahbaz Sharif, his sons and other family members in connection with an investigation involving them in the income beyond means and money laundering case.

https://www.riskscreen.com/kyc360/news/pakistans-nab-summons-shehbaz-in-money-laundering-scam/

AUSTRALIA: BITCOIN ENTREPRENEUR WHOSE WIFE WENT MISSING FACES MONEY LAUNDERING PROBE

On 17 April, KYC 360 reported that John Louis Anthony Bigatton is being investigated for money laundering during his time as Australian director of Bitconnect, a failed cryptocurrency trading platform.  Just a few months after Bitconnect’s collapse, Mr Bigatton’s wife Madeline vanished and is presumed dead.  There is no suggestion Mr Bigatton had any involvement in his wife’s disappearance.

https://www.riskscreen.com/kyc360/news/bitcoin-entrepreneur-whose-wife-went-missing-faces-money-laundering-probe/

THE LAW OF E-SIGNATURES IN THE US AND CANADA

On 30 March, Baker McKenzie published an article saying that, in both the US and Canada, statutes have been enacted at the federal and state or provincial/territorial levels that allow e-signatures and electronic records to have the same legal effect as physical (or wet ink) signatures and physical records; and ensure that a contract is not invalid solely because it is in electronic form.  It provides a brief introduction to the law in both countries.

https://www.bakermckenzie.com/en/insight/publications/2020/03/the-law-esignatures-us-canada

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION SUSPENDS PLACING OF MONITORS IN BANKS

On 17 April, KYC 360 reported that the ASIC had suspended its programme, launched in 2018, of embedding agents inside banks as the COVID-19 crisis forced tens of thousands of bank staff into working from home.  ASIC described the programme as one of the more powerful elements of its regulatory toolkit designed to “quickly identify and respond to conduct that produces unfair outcomes” while describing it as a “key example of our supervisory focus on early intervention and harm minimisation”.

https://www.riskscreen.com/kyc360/news/remote-work-stymies-asics-bank-spies/

US FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL UPDATES BSA/AML EXAMINATION MANUAL

On 15 April, the ABA Banking Journal reported that the Council has released long-awaited updates to its Bank Secrecy Act/Anti-Money Laundering examination manual. The updates — which do not establish new requirements — are intended to provide additional transparency and emphasize a risk-based approach to BSA/AML supervision.  The manual was last updated in 2014.

https://bankingjournal.aba.com/2020/04/agencies-update-bsa-aml-examination-manual/

COVID-19: DEVELOPMENTS IN EXTRADITION

A post from 6KBW College Hill on 7 April was concerned with how extradition hearings in the UK are being handled in the light of the crisis, referring to the rapid deployment of video link technology in the court system following the coronavirus (COVID-19) pandemic and consequent reduction of in-person hearings.  The post considers the developments applicable to extradition proceedings; the current arrangements for hearings, appeals and removal; and the potential impact of the pandemic on the bars to extradition and bail applications.

https://blog.6kbw.com/posts/the-impact-of-coronavirus-part-4-developments-in-extradition

IS GERMANY A HOTSPOT FOR THE ILLEGAL ANTIQUITIES MARKET?

ArtNet News has published an opinion (by the Secretary General of the Confédération Internationale des Négociants en Œuvres d’Art (CINOA), a trade organisation for art and antiques dealers) piece saying that a new report which claimed that Germany is a hotspot for the illegal antiques market is wrong and identifies what are claimed to be flaws in the report.  It says that the report, following a 3-year study, identified no trafficked items or any evidence whatsoever that the sale of antiquities helped finance terrorism, but that the study nevertheless recommended that the German government clamp down on the German art market. The article says that the most reliable figures relating specifically to illicit trade currently available come from the WCO, whose latest Illicit Trade Report for 2018, published in December 2019, stated that cultural property (including all art and antiques, not just antiquities) accounted for 0.08% of trafficking seizures reported through its network. In 2018, a total of 314 trafficked archaeological items were seized globally and reported via the network, down from 703 in 2017.

https://news.artnet.com/opinion/why-germany-is-not-a-hotspot-for-illegal-trade-1834536

MALAYSIA: ATTEMPT TO SMUGGLE IN 4,000 KG OF LIVE CRABS FOILED

On 17 April, the Daily Express of East Malaysia reported that marine police had foiled an attempt to smuggle in 4,000 kg of live crabs from a neighbouring country.  2 boats led by a local, 21, and a foreigner, 39, were detained.

http://www.dailyexpress.com.my/news/150932/rm400k-crabs-smuggling-despite-mco/

MEXICO’S ANTI-CORRUPTION AND COMPLIANCE DEVELOPMENTS DESPITE COVID-19

On 17 April, a post on the FCPA Blog says that there have been important anti-corruption and compliance developments, that must not go unnoticed amidst the crisis.  These include the first annual report of the Prosecution Bureau Specialized in the Combat of Corruption, which forms part of the Federal Prosecution Office (FGR).  The post argues that compliance programmes must not be abandoned as they are essential to protect and defend the company in a potentially more adverse environment of heightened enforcement.

https://fcpablog.com/2020/04/17/practice-alert-mexicos-anti-corruption-and-compliance-developments-despite-covid-19/

UK POLICE POWERS: PRE-CHARGE BAIL PUBLIC CONSULTATION

On 16 April, the Home Office reminded one of a public consultation to 29 May (launched in February).  To address concerns about individuals being placed on pre-charge bail for long periods, the Policing and Crime Act 2017 introduced a presumption against pre-charge bail unless its application is considered both necessary and proportionate in all the circumstances.  However, the government says it is concerned that pre-charge bail is not being used in cases where it may be necessary to prevent an individual from failing to surrender to custody, to prevent the individual from committing an offence whilst on bail or to prevent the individual from interfering with witnesses or otherwise obstructing the course of justice.

https://www.gov.uk/government/consultations/police-powers-pre-charge-bail

UK – TAX AVOIDANCE: A GENERAL ANTI-ABUSE RULE

On 17 April, the House of Commons Library produced an updated briefing paper which looks at the case that has been made recently for a GAAR, and the Coalition Government’s introduction of a ‘narrower’ General Anti-Abuse Rule in 2013.  This paper looks at the introduction of the new GAAR, while a second paper looks at earlier debates over the case for a GAAR over the last 20 years.  Other developments in the Government’s efforts in recent years to tackle both tax avoidance and tax evasion are discussed in a third Library paper.

https://commonslibrary.parliament.uk/research-briefings/sn06265/

TARGETED SANCTIONS AND AML MEASURES IN SUPPORT OF PEACE IN SOUTH SUDAN

The Wilson Center in the US published this brief saying that sanctions and other financial pressure instruments have been a primary foreign policy tool in addressing the crisis in South Sudan, but their efficacy has spawned debate among policymakers and stakeholders.  The brief sets out to correct the record on the efficacy of sanctions and summarise work which has helped lay the groundwork for many recent policy actions, which the authors believe have contributed to forward movement in peace efforts.  The brief recounts the history of sanctions involving South Sudan.  It says that sanctions were just one part of a comprehensive diplomatic and financial pressure strategy to realise peace, protect human rights, and fight corruption.  They demonstrate what a reasonably consistent and escalating approach looks like when coupled with enforcement and diplomacy, and they illustrate the integrated role that sanctions can play moving forward.

https://www.wilsoncenter.org/sites/default/files/media/uploads/documents/Targeted%20Sanctions%20and%20Anti-Money%20Laundering%20Measures%20in%20Support%20of%20Peace%20in%20South%20Sudan.pdf

GAMBLER WINS APPEAL AGAINST HMRC OVER YAX ON HIS GAMBLING PROFITS

On 17 April, Accountancy Daily reported that an appeal tribunal had quashed assessments and penalties, finding that the taxpayer’s income was derived from his gambling activities and was not taxable trading income.  The taxpayer had not filed a tax return for the years in question, but bank statements revealed frequent and regular deposits into his bank accounts, which suggested that trading had occurred.  The taxpayer produced no evidence to support his claim that he was a successful gambler, and that in any event it was thought by HMRC to be improbable that he would have consistently beaten the odds.

https://www.accountingweb.co.uk/tax/hmrc-policy/gambler-comes-up-trumps-against-hmrc

THE REPUTATIONAL IMPACT OF THE LUANDA LEAKS

On 17 April, Control Risks published an article about the fallout from allegations that Angolan businesswoman Isabel dos Santos, daughter of former president José Eduardo dos Santos (1979-2017), had embezzled millions of dollars from the Angolan state.  It concludes that the allegations will also result in greater scrutiny of companies operating in Angola, particularly those with a local partner, to uncover potential links to Isabel. Given the breadth of her business empire in the country, reputational risks for businesses will remain high over the coming year.

https://www.controlrisks.com/our-thinking/insights/the-reputational-impact-of-the-luanda-leaks

CORONAVIRUS STOKES COLOMBIA’S BLACK MARKET MEDICINE TRADE

On 16 April, Insight Crime carried an article saying that failures in Colombia’s healthcare system make it easy to cover up the illegal sales of medicine as it is highly difficult to track such shipments; and that the smuggling of medicine into Colombia is common – highlighting that, in August 2019, Colombian prosecutors dismantled a medicine contraband ring in the cities of Medellín, Cartagena and Santa Marta, which allegedly brought in expired medicine from Venezuela and Ecuador.  This black market is, it argues, primed to take effect of the new crisis.

https://www.insightcrime.org/news/brief/coronavirus-colombia-medicine/

SURVEY ON THE PERCEPTION OF CUSTOMS INTEGRITY CONDUCTED IN 10 COUNTRIES

A news release from the WCO on 17 April advised that a survey aimed at assessing the perception of Customs integrity by Customs officers as well as private sector stakeholders has been conducted in 10 countries – Afghanistan, Ethiopia, Ghana, Liberia, Mali, Mozambique, Nepal, Sierra Leone, Tunisia and Tanzania.  The survey was conducted in the 10 participating countries between January and February 2020 by Ernst & Young.  The news releases says that, although the WCO Secretariat cannot publish the full results of the survey, it is worth noting that, across the countries surveyed, both Customs officers and private sector stakeholders generally feel that achieving a high level of integrity is a priority within their respective administrations.  Additionally, more than half the private sector stakeholders surveyed do not comply with the rules set by administrations because they consider these rules to be overly complex.

http://www.wcoomd.org/en/media/newsroom/2020/april/survey-on-the-perception-of-customs-integrity-conducted-in-10-countries.aspx

KENYA: ABSA BANK RESUMES TRADING ON SECURITIES EXCHANGE AFTER ONE-WEEK SUSPENSION

All Africa on 17 April reported that ABSA Bank Kenya has resumed trading at the Nairobi Securities Exchange, after it was suspended over failing to observe AML rules last month.

https://allafrica.com/stories/202004170480.html

HMRC LOSES LATEST APPEAL IN MULTI-MILLION POUND FOBT BATTLE WITH BETFRED

On 17 April, the Racing Post reported that the Upper Tribunal had upheld the decision of a lower appeal tribunal that the bookmaker should not have paid VAT on the takings from its fixed-odds betting terminals 2005-2013.  This being on the grounds of “fiscal neutrality”, as similar machines did not bear VAT.  HMRC is to appeal to the courts. The newspaper says that 2 years ago there had been estimates the retail bookmaking industry could receive as much as £1 billion if HMRC is ultimately unsuccessful in its appeal

https://www.racingpost.com/news/latest/hmrc-loses-latest-appeal-in-multi-million-pound-fobt-battle-with-betfred/431862

ENGLAND CRICKET WORLD CUP WINNER ADIL RASHID IS FINED £36,000 FOR TAX AVOIDANCE

On 17 April, the Daily Mail reported that England’s World Cup winning cricket star Adil Rashid has been ‘named and shamed’ by HMRC as a tax evader.

https://www.dailymail.co.uk/news/article-8230133/England-cricket-World-Cup-winner-Adil-Rashid-fined-36-000-tax-avoidance.html

NEW YORK COMPANY FRAUDULENTLY SOLICITED MORE THAN $680,000 FROM 18 CLIENTS TO OPEN INDIVIDUALLY MANAGED OFF-EXCHANGE FOREX ACCOUNTS AND MISAPPROPRIATED CLIENT FUNDS

On 17 April, a release on Mondo Visione advised that the CFTC had obtained a court order against Jason Amada and his company Amada Capital Management LLC.

https://mondovisione.com/media-and-resources/news/cftc-new-york-federal-court-orders-defendants-to-pay-more-than-595000-for-for/

THE OIL HEIST OF THE CENTURY

On 14 April, Global Witness published an article and video saying that Global Witness and partners had took an online audience on a  virtual journey around the world – from an oil field off the Nigerian coast via Abuja and London to a courtroom in Italy –  to tell the story of one of the biggest corporate corruption cases in history and the search for truth and accountability.  It involved Shell and the Italian oil company Eni and Nigeria’s valuable OPL 245 oil block.

https://www.globalwitness.org/en/blog/oil-heist-century-journey-around-world-search-truth-and-accountability/

 

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