KOROR, 23 DECEMBER 2025 (OCCRP) — When police raided the Cocoro Hotel in Palau’s main city of Koror in January, the scene they uncovered was far removed from the tiny Pacific Island country’s postcard-perfect image. Picture-perfect aerial view of Malakal and the famous Rock Islands of Koror State, the commercial center of Palau. It was […]
Tag: money laundering
Posted inTop Stories
Palau Moves to Ensure Transparency in Undesirable Alien List Process
By: L.N. Reklai Koror, Palau — President Surangel S. Whipps Jr. has issued Executive Order No. 497, establishing a formal review and recommendation process to govern the inclusion and removal of individuals from Palau’s Undesirable Aliens List — a move aimed at ensuring greater transparency and fairness in a system that has recently come under […]
Posted inOpinion
IN FOCUS: Is Blockchain a good bet for development?
MANILA, 11 NOVEMBER 2019 (ADB) — Cryptocurrency, initial coin offerings, and crypto exchanges are often perceived as a hotbed for fraudsters, money launderers and other unsavoury characters. There is certainly truth to that. Formal regulatory frameworks are evolving to address this. Others question the real need for block chain’s special feature of delivering a trustworthy […]
Posted inTop Stories
Ten-day jail term for Soalablai in money laundering case
Clifton Soalablai, who was President’s chief security officer, was found guilty of money laundering and theft of government property last month. In the sentencing hearing held on September 25, Soalablai has been sentenced to ten days in prison and five years of supervised probation. In June, Soalablai along with his wife Margie Ngirmidol, were charged […]
Posted inTop Stories
MOJ suspends two officials after money laundering raps
Two officials from the Ministry of Justice (MOJ) faced 30-day suspension without pay after facing several charges including money laundering. MOJ served separate notices of suspension to Police Lieutenant Clifton Soalablai and his wife, Administrative Officer II Margie Ngirmidol of the Bureau of Public Safety (BPS) after they were implicated in a money laundering case. […]