06
Apr
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JP Morgan and the OPL245 scandal: What are Suspicious Activity Reports?

By Lionel Faull US banking giant JP Morgan has claimed in court that the UK’s anti-money laundering authorities gave them consent to transfer $875m to a convicted money-launderer. But how is such a jaw-dropping state of affairs even possible? Meet the UK’s Proceeds of Crime Act (Poca), which criminalises money laundering but also includes plenty […]

06
Apr
cable

OPL 245 oil deal: Vince Cable says Home Office must explain why its anti-corruption arm agreed JP Morgan’s $875m payments to money launderer

by Nick Mathiason, Lionel Faull and Ted Jeory Lib Dem leader and former Business Secretary Sir Vince Cable has called on the Home Office and National Crime Agency to explain themselves over the revelation that the UK’s most important anti-money laundering agency let JP Morgan transfer $875m to a convicted money launderer involved in the notoriously “corrupt” […]

05
Apr
JP Morgan, London

OPL 245 oil scandal: JP Morgan reveals UK cops gave go-ahead to transfer $875m to convicted money launderer

By Lionel Faull, Nick Mathiason and Ted Jeory   The UK’s frontline anti-money laundering unit gave the green light to transfer $875m from a “corrupt” oil deal – to a high profile politician with a money laundering conviction. The shocking revelation is contained in High Court documents filed last week by JP Morgan Chase Bank. […]

30
Jan
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Finance Uncovered is hiring: Investigative journalist wanted on 12-month contract

Finance Uncovered is expanding. We are looking to hire a full-time reporter on a 12-month contract although this position could be split into two part-time roles depending on applications. The successful applicant(s) will focus on international tax avoidance and/or money laundering and corruption by working with journalists from developing and emerging countries, particularly kleptocracies. The position(s) is not […]

17
Dec
Former Nigeria oil minister Dan Etete (via Premium Times)

Malabu OPL245 Scandal: Nigeria sues JP Morgan for $875m over ‘grossly negligent’ payments to money launderer

*This exclusive story was first broken by Finance Uncovered with the Premium Times in Nigeria, here.  *Readers can view and download the full particulars of claim document filed by Nigeria in the High Court here: Federal Republic of Nigeria vs JP Morgan particulars of claim.  by Lionel Faull and Ted Jeory US banking giant JP Morgan […]

12
Jul
FinUncovered course pic

New Finance Uncovered London course dates – call for applications!

We are delighted to put out a call to journalists, campaigners and academics to attend our four-day financial investigative journalism training course in London. The dates for our next training will be: Tuesday 7 November 2017 – Friday 10 November 2017 You do not need to have a financial background to apply but we consider it […]

22
Jun
station Nairobi4

Trouble on the Lunatic Express

Today, De Correspondent (Netherlands), The Daily Reporter (Kenya), The Observer (Uganda) and MO (Belgium) have published an investigation into the Rift Valley Railway, the historic railroad connecting Kampala to the port of Mombasa. The investigation developed a project of Patrick Mayoyo, one of our members from Kenya and involved journalists from Belgium and the UK.  In this article […]

26
May
Monrovia

Liberia: America’s outpost of financial secrecy

The UK is not the only country that has created a web of offshore secrecy. In our latest investigation published today in South Africa’s Daily Maverick in cooperation with AmaBhungane, we probe Liberia – America’s offshore outpost in Africa. By George Turner and a Liberian journalist Finance Uncovered, working with an anonymous Liberian journalist, has exposed a little-known offshore business […]

03
Feb
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The North Korean Connection

After North Korea last month claimed it exploded an H-Bomb, western leaders stressed the need to tighten international sanctions against the pariah state. The prospect of tighter sanctions will be of more than passing interest to a US billionaire and his extensive business dealings with Pyongyang. Today Private Eye published a piece on the North Korean activities of American Egyptian tycoon, Naguib Sawiris. The […]