ICIJ Update – Shell, Dirty Gold, Tax Justice Network, FinCEN Files





We’ve got the mining industry on our minds this week at ICIJ.

That’s because a regular character from past investigations has been back in the headlines. You may remember Israeli tycoon Dan Gertler from Paradise Papers, Panama Papers, and Swiss Leaks. Our 2017 reporting revealed details of the billionaire’s secret deals and relationship with commodity giant Glencore while he negotiated lucrative mining rights with the government of the Democratic Republic of Congo.

Weeks after we published that investigation, the United States sanctioned Gertler for having “amassed his fortune through hundreds of millions of dollars’ worth of opaque and corrupt mining and oil deals.”

The mining magnate’s story is emblematic of an industry that’s high-value, high-stakes, and high-risk — especially for residents on the ground in countries that remain poor despite their riches of natural resources. And these extractive ventures almost always involve complicated, opaque, cross-border company structures that funnel money through tax havens around the world.

Gertler secured a surprise, last-minute reprieve from the Trump administration less than two months ago, but has been frozen out of the U.S. financial system once again, ICIJ’s Will Fitzgibbon reports.

DIRTY GOLD
Former ICIJ reporter Kyra Gurney has a new book out on the illicit gold trade, which traces a multibillion dollar laundering scheme from Miami to Peru and beyond. She and a co-author spoke to us about exploring the human side of the illegal mining economy.

THAT’S RICH
The Tax Justice Network’s new index finds that the jurisdictions most responsible for global corporate tax abuse are all part of the OECD — a club of wealthy nations that helps set worldwide tax rules.

HARNESSING POWER
Yi-Shan Chen, ICIJ’s member from Taiwan, says working on investigations like Panama Papers and Offshore Leaks showed her the power of cooperation among journalists in our latest installment of Meet the Investigators.

ENDING THE SHELL GAME
ICIJ reporter Will Fitzgibbon will be speaking on a panel about cracking down on professional enablers of tax and white collar crimes, along with tax officials from the U.S., U.K., OECD and more. Register for the free session, which takes place on Wed. March 24 at 4:45 pm CET (11:45 am EST), here.

ON DEMAND AT SXSW
If you’re attending the SXSW online festival this week, you can now watch our session, featuring ICIJ’s Emilia Díaz-Struck, BuzzFeed News’ Anthony Cormier, NYDFS Superintendent Linda Lacewell and Karina Carvalho of Transparency International Portugal. The expert panel will be discussing how collaborative journalism projects like FinCEN Files exposed global finance’s inequities, and opportunities to repair and rebuild a more equitable, transparent system.
  Thanks for reading! Asraa Mustufa ICIJ’s digital editor P.S. We’re hiring a front-end web developer to join our team! Please spread the word — applications close April 23!



      Ihor Kolomoisky US sanctions Ukrainian oligarch featured in FinCEN Files investigation

Panama Papers Secret guilty plea revealed in US Panama Papers criminal probe  
Trust company fined $835,000 for opening ‘gateway to possible money laundering’ in Angola

Isabel dos Santos’ Maltese consulting firm served with $230,000 tax bill

  Report: Major reforms needed at ‘struggling’ US agency that leads dirty money fight

ICIJ partners
ICIJ named as finalist for prestigious global sustainability award   UN FACTI panel Global response needed to stop tax abuse costing governments trillions, UN panel says


professional enablers Lawyers, accountants and other professionals play key role in financial crime, OECD warns   Ilyas Muradi ‘Solitary Voices’ detainee wins big, but remains in immigration limbo Rappler Following the money in the Philippines is risky business, Forbidden Stories shows   Banking documents reveal consulting giants’ cash windfall under Isabel dos Santos Malaysiakini Malaysiakini verdict will have ‘chilling effect’ on Malaysian press freedom, advocates say   ICIJ nominated for Nobel Peace Prize for combating dark money flows ICIJ’s Datashare platform to keep growing with new focus on collaboration   US Congress Seven things to watch after historic anti-money laundering overhaul in the US 2021 may see tax reforms to address COVID-19, environmental challenges   Watch: How banks move dirty money around the world About FinCEN Files About the

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