President Petro Poroshenko and his lawyers repeatedly said previously that none of the offshore companies Poroshenko set up in the British Virgin Islands (BVI), Cyprus and the Netherlands have bank accounts or conduct any financial activities. Those statements appear to be false.

A story about how ex-England cricket star Phil Edmonds used anonymously-owned shell companies and tax havens to rip off investors. With his partner Andrew Groves, the former England cricket star built a corrupt business empire in Africa on bribes, scams and intimidation. It is claimed that they also ripped off ordinary UK pension holders and […]

Bribery relating to investments in Cambodian biofuel (Sustainable Growth Group) In 2012, the SFO launched an investigation into the mis-selling of investment products between April 2011 and February 2012 relating to biofuel Jatropha tree plantations in Cambodia by Sustainable Growth Group (SGG) and its subsidiary Sustainable AgroEnergy plc (SAE). The biofuel products were sold to UK investors, who were, […]

The British Virgin Islands has introduced amendments to its anti-money laundering regime in order to ensure continued compliance with the developing international standards on transparency and anti-money laundering regimes. Amendments to the legislation were recently published (i.e., the Anti-money Laundering and Terrorist Financing (Amendment) Code of Practice and the Anti-money Laundering (Amendment) Regulations) and the […]

The U.K. Serious Fraud Office secured its first criminal conviction under the Bribery Act, after two men were found guilty Friday of offenses under the 2011 law. The convictions came as part of an SFO probe into the promotion and sale of biofuel investment products to U.K. investors, the agency said in a statement. They […]

Property in England and Wales worth £122bn or more is held through companies in offshore tax jurisdictions where ownership is tricky to establish, according to Land Registry data analysed by the Financial Times. The detailed report showed that around two-thirds of the 91,248 foreign-company owned properties were held through the Channel Islands and British Virgin […]