Discover and read the best of Twitter Threads about #openlux
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Yesterday, @USTreasury alerted banks that sanctioned Russian 🇷🇺 elites are likely using US 🇺🇸 #CommercialRealEstate to evade sanctions.
fincen.gov/news/news-rele…
A couple of thoughts... 🧵
fincen.gov/news/news-rele…
A couple of thoughts... 🧵
First, it’s welcome that FinCEN has recognized the opacity risks of CRE and issued guidance on identifying risky transactions. 👏👏
Hopefully new rules to prevent #RealEstate #MoneyLaundering due in April will cover both commercial and residential properties.
Hopefully new rules to prevent #RealEstate #MoneyLaundering due in April will cover both commercial and residential properties.
The alert also highlights the risks of pooled investment vehicles, where an individual’s stake is likely below banks’ reporting requirements. 👍
This loophole allows PEPs to fly below the radar by distributing their investment across multiple funds.🪆
This loophole allows PEPs to fly below the radar by distributing their investment across multiple funds.🪆
Investigative journalism suffered a blow last week after the European Court of Justice struck down a key tool in the fight against corruption — public access to company ownership information.
Here’s why “ultimate beneficial ownership” data is so critical👇occrp.org/en/beneficial-…
Here’s why “ultimate beneficial ownership” data is so critical👇occrp.org/en/beneficial-…
Journalists have found landmark buildings, insurance companies, and even medical providers held by anonymous companies.
Without access to ultimate beneficial owner (UBO) registries, the true owners may have been a mystery forever. 2/ occrp.org/en/openlux/fre…
Without access to ultimate beneficial owner (UBO) registries, the true owners may have been a mystery forever. 2/ occrp.org/en/openlux/fre…
Take the historic Ludwig building in Munich, which was bought by an unknown Luxembourg firm called “Adler Pacific Investments.”
Who owned Adler? This wasn’t publicly known until Luxembourg made UBO data public, allowing us to investigate 🔍3/ occrp.org/en/openlux/ind…
Who owned Adler? This wasn’t publicly known until Luxembourg made UBO data public, allowing us to investigate 🔍3/ occrp.org/en/openlux/ind…
NEW: OCCRP and partners have uncovered shell companies in Luxembourg and Panama that may have allowed Venezuelans accused of corruption to acquire luxury Caribbean real estate. #OpenLux 1/ occrp.org/en/openlux/tra…
2) Prosecutors in Andorra charged dozens with receiving money plundered from Venezuela’s state oil company in 2018, including:
➡️ Ex-deputy Venezuelan electricity minister Javier Alvarado Ochoa (below)
➡️ His romantic partner Cecirée Casanova
➡️ José Luis Zabala, a middleman
➡️ Ex-deputy Venezuelan electricity minister Javier Alvarado Ochoa (below)
➡️ His romantic partner Cecirée Casanova
➡️ José Luis Zabala, a middleman
3) Using corporate records from the #OpenLux project, reporters found ties between this trio and luxury real estate in Latin America, including this Cartagena hotel where rooms go for $272 a night.
SĂ©isme mondial.
35 chefs d’État & 130 milliardaires (Tony Blair, DSK, rock-stars etc) épinglés dans les #PandoraPapers pour avoir placé des milliers de milliards de $ à l’abri dans les paradis fiscaux : ils volent l'Etat et font sécession pour satisfaire leurs intérêts privés
35 chefs d’État & 130 milliardaires (Tony Blair, DSK, rock-stars etc) épinglés dans les #PandoraPapers pour avoir placé des milliers de milliards de $ à l’abri dans les paradis fiscaux : ils volent l'Etat et font sécession pour satisfaire leurs intérêts privés
#LuxLeaks
#SwissLeaks
#PanamaPapers
#MaltaFiles
#ParadisePapers
#OpenLux
Et désormais les #PandoraPapers : en moins de 10 ans, ces affaires illustrent combien le système financier international permet et encourage la criminalité en col blanc, en toute impunité.
#SwissLeaks
#PanamaPapers
#MaltaFiles
#ParadisePapers
#OpenLux
Et désormais les #PandoraPapers : en moins de 10 ans, ces affaires illustrent combien le système financier international permet et encourage la criminalité en col blanc, en toute impunité.
En pratiquant l'#EvasionFiscale à grande échelle, chefs d'Etat, milliardaires, stars du showbiz piétinent l'intérêt général : ces milliards d'euros détournés sont autant de crèches, d'écoles, d'hôpitaux qui ne sont pas construits, et de politiques climatiques non menées.
Eng Kéier wäert ee mer erkläre mussen, firwaat d'Regierung Stonne brauch, fir e Kommuniki rauszeschécken iwwert eppes, wou een zanter Deeg weess, daat et wäert kommen.
Sou funktionnéiert Informatioun a Kommunikatioun nët méi.
seriously.
This time looking at @SamTanson
Sou funktionnéiert Informatioun a Kommunikatioun nët méi.
seriously.
This time looking at @SamTanson
Fir konkret ze sinn. D'Reaktioun heirobber. Daat et komme géiff war bekannt. Et ass um 12 zu Bréissel public ginn. Waiting for @gouv_lu reaction ...
Firwaat ass keen Text prett fir um 12:01 raus?
Bei #OpenLux kritt der et jo hin ...
ec.europa.eu/commission/pre…
Firwaat ass keen Text prett fir um 12:01 raus?
Bei #OpenLux kritt der et jo hin ...
ec.europa.eu/commission/pre…
An dovunner ofgesinn: Waat leeft mamm Emschreiwen vun EU-Direktiven am Justizministère? Ass schon déi 2t Klo innerhalb vu weineg Méint wéinst Deadlines em Joere verpennen.
Interessant Froen. Mä wann d'Äentwert ass: waart op de Kommuniki, dee net kennt... Transparenz ass anescht
Interessant Froen. Mä wann d'Äentwert ass: waart op de Kommuniki, dee net kennt... Transparenz ass anescht
Thread Ă l'attention de celles et ceux qui expliquent que Bernard Arnault et LVMH payent beaucoup d'impĂ´ts en France.
Ce sont au contraire des spécialistes de l'#EvasionFiscale.
27% des filiales de LVMH se situent dans des paradis fiscaux, le plus fort taux du CAC 40 !
Ce sont au contraire des spécialistes de l'#EvasionFiscale.
27% des filiales de LVMH se situent dans des paradis fiscaux, le plus fort taux du CAC 40 !
Cela représente 305 filiales dans des territoires considérés comme des paradis fiscaux et judiciaires
multinationales.org/Les-grandes-en…
multinationales.org/Les-grandes-en…
Le recent scandale #OpenLux a ainsi montré que LVMH détient 24 filiales au Luxembourg, la 2e entreprise française la plus présente après BNP. lemonde.fr/les-decodeurs/…
NEW: Controversial Serbian businessman Stanko Subotić — who's currently suing OCCRP — sold land to French construction giant Vinci for 4x its estimated value.
Our latest #OpenLux investigation with @KRIKrs. 1/
occrp.org/en/openlux/bus…
Our latest #OpenLux investigation with @KRIKrs. 1/
occrp.org/en/openlux/bus…
OCCRP reported in 2018 that Subotić, long linked to Balkan drug lord Darko Saric, was poised to reap millions from a Belgrade airport deal.
Today’s investigation shows the amount of money he received was far greater than initially projected. 2/
occrp.org/en/investigati…
Today’s investigation shows the amount of money he received was far greater than initially projected. 2/
occrp.org/en/investigati…
When Nikola Tesla Airport was run by the state, land in the area was estimated to be worth ~€100 per sq meter by a gov’t advisory group.
But Vinci, the French firm that paid to be the airport's operator, ended up paying Subotić €436 per sq meter. He pocketed €47m. 3/
But Vinci, the French firm that paid to be the airport's operator, ended up paying Subotić €436 per sq meter. He pocketed €47m. 3/
ANNOUNCEMENT: OCCRP is being sued by Stanko Subotić, a powerful Serbian businessman whom we've written about in several investigations.
We stand by our reporting and will not be intimidated by vexatious lawsuits.
occrp.org/en/daily/14038…
We stand by our reporting and will not be intimidated by vexatious lawsuits.
occrp.org/en/daily/14038…
OCCRP Publisher @DrewOCCRP and @KRIK journalist @DraganaPeco are also named in this suit, which is over this story from 2018. 2/
occrp.org/en/investigati…
occrp.org/en/investigati…
Subotić alleges OCCRP and KRIK published the story as part of a media campaign against him orchestrated by the Serbian secret service, the mafia, and corrupt politicians.
"Mr. Subotić has no evidence of these demonstrably false claims," said Sullivan. 3/
"Mr. Subotić has no evidence of these demonstrably false claims," said Sullivan. 3/
🔻#Thread Michaël Delafosse, Maire (PS) écolo et anti-pub de Montpellier a généreusement octroyé une ristourne de 264.901€ à JC Decaux sur 1 million € de facture
-> N° 1 mondial de la pub sur mobilier urbain avec 365 millions € de bénéfices, #OpenLux | infolibertaire.net/delafosse-rajo…
-> N° 1 mondial de la pub sur mobilier urbain avec 365 millions € de bénéfices, #OpenLux | infolibertaire.net/delafosse-rajo…
La somme équivaut à la moitié du budget du plan pauvreté de la municipalité ; ou encore à 10 salaires d’Atsem pendant 1 an (les Atsem, les employés municipaux des cantines scolaires, mènent une lutte depuis 2 ans contre la précarité de l’emploi.
Ils sont aujourd’hui sanctionnés pour leur mouvement social car Michaël Delafosse s’est empressé de faire jouer à leur encontre une loi de Macron réformant la fonction publique territoriale.
NEW: OCCRP and @irpinvestigates uncover new details about the ’Ndrangheta mafia’s presence in Luxembourg.
We found restaurants, bars, and companies tied to a high-ranking member of the fearsome criminal group. #OpenLux
occrp.org/en/openlux/rev…
We found restaurants, bars, and companies tied to a high-ranking member of the fearsome criminal group. #OpenLux
occrp.org/en/openlux/rev…
2) "It is thought from investigations in Germany, Belgium, and the Netherlands especially, that Luxembourg is a transit territory for both mafia individuals and their activities and money," explained @annasergi, a leading expert on the ’Ndrangheta.
3) Santo Rumbo, a rising star in the ’Ndrangheta, relocated to Luxembourg after working with crime bosses in Canada.
Police arrested him in Luxembourg in 2019, but Italian authorities told OCCRP they were uncertain what he was doing in the country.
Police arrested him in Luxembourg in 2019, but Italian authorities told OCCRP they were uncertain what he was doing in the country.
#OpenLux
La familia Corach es dueña de un departamento en ParĂs 🇫🇷y otro en Punta del Este 🇺🇾, a travĂ©s de una trama de sociedades offshore
Hoy en @LANACION con @halconada y @Guilledraper
lanacion.com.ar/politica/openl…
La familia Corach es dueña de un departamento en ParĂs 🇫🇷y otro en Punta del Este 🇺🇾, a travĂ©s de una trama de sociedades offshore
Hoy en @LANACION con @halconada y @Guilledraper
lanacion.com.ar/politica/openl…
#OpenLux
El semipiso en ParĂs está a nombre de Blink Europe 🇱🇺
⏺️ 120 m2, dos habitaciones, balcón francés
⏺️ Ubicado entre la Torre Eiffel y el Arco del Triunfo
⏺️ Valor aprox de mercado: 1,5 MM de euros
⏺️ Corach se retiró y desde allà escribió sus memorias
El semipiso en ParĂs está a nombre de Blink Europe 🇱🇺
⏺️ 120 m2, dos habitaciones, balcón francés
⏺️ Ubicado entre la Torre Eiffel y el Arco del Triunfo
⏺️ Valor aprox de mercado: 1,5 MM de euros
⏺️ Corach se retiró y desde allà escribió sus memorias
El dpto en Punta del Este⛵️está a nombre de Adriel SA
⏺️ 200 m2, tres habitaciones, balcón terraza
⏺️ Edificio de lujo, frente al mar, en Playa Brava🌊
⏺️ Valor aprox de mercado: U$ 750.000
⏺️ Tiene SPA, sauna y pileta
⏺️ 200 m2, tres habitaciones, balcón terraza
⏺️ Edificio de lujo, frente al mar, en Playa Brava🌊
⏺️ Valor aprox de mercado: U$ 750.000
⏺️ Tiene SPA, sauna y pileta
#OpenLux 🇱🇺
Luxemburgo, ese secretĂsimo paraĂso fiscal que guarda al menos 3000 MM de 78 beneficiarios argentinos 🇦🇷
Hoy en @LANACION con @halconada en alianza con @OCCRP y @lemondefr
lanacion.com.ar/politica/openl…
Luxemburgo, ese secretĂsimo paraĂso fiscal que guarda al menos 3000 MM de 78 beneficiarios argentinos 🇦🇷
Hoy en @LANACION con @halconada en alianza con @OCCRP y @lemondefr
lanacion.com.ar/politica/openl…
#OpenLux 🇱🇺
Esos 3000 MM son sólo de beneficiarios finales 🇦🇷 , pero hay otros cientos de "managers" argentinos con sociedades que mueven billones de euros como por ejemplo Grupo Techint, entre otros
Esos 3000 MM son sólo de beneficiarios finales 🇦🇷 , pero hay otros cientos de "managers" argentinos con sociedades que mueven billones de euros como por ejemplo Grupo Techint, entre otros
#OpenLux
Los Macri manejaron el negocio de los parques eĂłlicos desde un paraĂso fiscal
⏺️Gianfranco M es el beneficiario de Lares Corp 🇱🇺
⏺️Lares invirtió en 6 parques eólicos en 🇦🇷 y canalizó dinero de las ventas
⏺️El negocio dejó ganancia por U$ 69 MM
lanacion.com.ar/politica/openl…
Los Macri manejaron el negocio de los parques eĂłlicos desde un paraĂso fiscal
⏺️Gianfranco M es el beneficiario de Lares Corp 🇱🇺
⏺️Lares invirtió en 6 parques eólicos en 🇦🇷 y canalizó dinero de las ventas
⏺️El negocio dejó ganancia por U$ 69 MM
lanacion.com.ar/politica/openl…
The Grand Duchy of Luxembourg is a founding member of the EU, but it's also a rogue state, enabling massive corruption throughout the trading bloc; while Cyprus and Malta will sell any corrupt robber-baron EU citizenship, it's Luxembourg that leads in laundering their money.
1/
1/
As the @TaxJusticeNet's @nickshaxson memorably put it, Luxembourg is "a criminal enterprise with a country attached" - a country where corporations are guaranteed "an easy ride on taxes, disclosure, financial regulations, and criminal enforcement."
taxjustice.net/2019/11/01/if-…
2/
taxjustice.net/2019/11/01/if-…
2/
2014's #Luxleaks exposed some of the worst corruption, whereby @PwC worked with Luxembourg officials to secure illegal tax benefits for major corporations and the world's richest people.
en.wikipedia.org/wiki/LuxLeaks
3/
en.wikipedia.org/wiki/LuxLeaks
3/
NEW: Serbian President Aleksandar Vučić denies having any ties to Stanko Subotić, a businessman with links to a regional drug lord.
But now, OCCRP & @KRIKrs reveal that one of the president’s closest confidantes has done business with Subotić. #OpenLux 1/
occrp.org/en/openlux/ser…
But now, OCCRP & @KRIKrs reveal that one of the president’s closest confidantes has done business with Subotić. #OpenLux 1/
occrp.org/en/openlux/ser…
The outsized role that Nikola Petrović, the president's "best man," plays in Serbia was noted by five US Congress members in 2015.
In a letter to then-VP Joe Biden, they expressed concern that a small group had "consolidated their influence" over key Serbian industries. 2/
In a letter to then-VP Joe Biden, they expressed concern that a small group had "consolidated their influence" over key Serbian industries. 2/
Petrović’s ties to Subotić flow through their respective companies in Luxembourg, an historically secretive jurisdiction.
Reporters found this connection using a corporate registry obtained by @LeMonde. Here’s what they uncovered 👇 3/
Reporters found this connection using a corporate registry obtained by @LeMonde. Here’s what they uncovered 👇 3/
Luxembourg has made steps towards greater transparency. But it’s still a prime destination for dirty money worldwide.
Here's how the tiny nation became a center of corporate secrecy, who has benefited, and how our #OpenLux investigation pried it open. occrp.org/en/openlux/she…
Here's how the tiny nation became a center of corporate secrecy, who has benefited, and how our #OpenLux investigation pried it open. occrp.org/en/openlux/she…
2) Most "offshore" zones, like Panama or the British Virgin Islands, specialize in one particular facet of secretive financial services. But Luxembourg does it all, acting as "a kind of Swiss army knife" for elites around the world, economics professor @gabriel_zucman told OCCRP.
3) Corrupt officials, criminals, and shady businessmen from around the world have all taken advantage. So much Russian capital has found its way to Luxembourg — and back again — that the tiny European state is now one of the country’s biggest foreign "investors."
NEW: Luxembourg has been a haven for financial crime for decades.
Now, a corporate registry obtained by @LeMondefr, and shared with OCCRP, reveals how global elites used companies in the tiny nation to operate in the shadows.
This is #OpenLux (thread):
occrp.org/en/openlux/
Now, a corporate registry obtained by @LeMondefr, and shared with OCCRP, reveals how global elites used companies in the tiny nation to operate in the shadows.
This is #OpenLux (thread):
occrp.org/en/openlux/
2) Using a string of Luxembourg firms, we reveal how Indonesian billionaire Sukanto Tanoto 🇮🇩 secretly purchased the historic Ludwig complex in Munich 🇩🇪
The palm oil tycoon has been dubbed the top driver of deforestation in the world.
occrp.org/en/openlux/ind…
The palm oil tycoon has been dubbed the top driver of deforestation in the world.
occrp.org/en/openlux/ind…
3) It turns out Luxembourg is a favored destination for oligarchs, tycoons, and royalty looking to snap up some of the continent’s most expensive real estate.
We put some of our most interesting findings into this interactive map.
occrp.org/en/openlux/lux…
We put some of our most interesting findings into this interactive map.
occrp.org/en/openlux/lux…
C'est parti pour #OpenLux, l'enquête internationale coordonnée par Le Monde sur le Luxembourg, coffre-fort de l'Europe.
Je vais essayer de vous lister ici nos principales révélations tout au long de la semaine ⤵
lemonde.fr/les-decodeurs/…
Je vais essayer de vous lister ici nos principales révélations tout au long de la semaine ⤵
lemonde.fr/les-decodeurs/…
Tout d'abord, #OpenLux, c'est quoi ?
Une enquête de plus d'un an menée par 17 médias internationaux, sur la base de millions de documents récemment rendus publics par le Luxembourg, mais peu accessibles
Une enquête de plus d'un an menée par 17 médias internationaux, sur la base de millions de documents récemment rendus publics par le Luxembourg, mais peu accessibles
« Ceci n’est pas un leak »
Ce making-of vous permettra d'en savoir plus sur la façon dont on a constitué la base de données #OpenLux. Et notamment sur l'énorme travail de @fneffer pour faire parler ces millions de documents.
lemonde.fr/les-decodeurs/…
Ce making-of vous permettra d'en savoir plus sur la façon dont on a constitué la base de données #OpenLux. Et notamment sur l'énorme travail de @fneffer pour faire parler ces millions de documents.
lemonde.fr/les-decodeurs/…
