Company Formation

A Swiss federal court abruptly dismissed money laundering and bribery charges against the imprisoned daughter of a former Uzbek president on Tuesday after Uzbek authorities confirmed she would not be released to attend the proceedings before the statute of limitations runs out.

A network of shell companies tied to sanctioned Russian oligarch Oleg Deripaska helped finance an Albanian conservative party’s hiring of a former Donald Trump campaign operative ahead of Albania’s 2017 general election.

U.S. House Republicans are threatening to block all funding for the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) until the agency finalizes a rule requiring companies to report beneficial ownership information.

New details about the allegations against the rapper Gims have emerged after French authorities charged the Congolese music star with money laundering linked to millions of euros in suspicious transactions.

The Internal Revenue Service has lost thousands of enforcement staffers since President Donald Trump returned to office. The cuts are fueling fears, and in some cases, hopes, that the agency’s capacity to enforce U.S. tax laws is diminished.

Iran has built a more complex trade system under years of Western sanctions, relying increasingly on China, barter arrangements, and covert financing channels that help it keep goods moving even as formal restrictions target its oil exports, banking access, and foreign trade.

A donor to Nigel Farage’s Reform UK is the registered manager and shareholder of a Dubai-based company that previously had business ties to an Iranian conglomerate later placed under U.S. sanctions.

Trade misinvoicing is occurring at “massive scale” across Asian supply chains, with discrepancies in reported invoice values reaching a record $1.7 trillion in 2022 across developing Asia.

Ten years after the Panama Papers exposed the offshore financial system exploited by tax cheats and criminals around the world, prosecutions and transparency reforms tied to the landmark investigation are still unfolding.

The British Virgin Islands has opened part of its long-guarded corporate registry to outside scrutiny, but anti-corruption advocates say the new transparency rules contain loopholes that could let bad actors hide ownership information and undermine investigations.