Money Laundering

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31st March 2017

Money laundering impacts drugs, weapons and human trafficking

Criminals rely on money laundering to profit from many crimes, including weapons and drugs. This destroys thousands of lives around the world and in the UK. But to make good on their bad deeds, criminals must use reputable firms to turn dirty money into something they can spend. Read More

30th March 2017

Mexico: InvestaBank was not used for money laundering

Mexico’s banking regulator on Wednesday confirmed that a thorough audit of InvestaBank found no evidence of money laundering by one of its largest shareholders, clearing the path for the lender to buy Deutsche Bank’s Mexican operations. InvestaBank’s chief executive, Enrique Vilatela, had said in an interview last week the regulator… Read More

30th March 2017

Sierra Leone: ‘Money Laundering undermines State finance’

Money laundering is a global problem. Moreover, such illicit funds are often used to finance criminal enterprises that undermine the State’s financial security. Countries like Sierra Leone are vulnerable and preyed upon as easy targets, especially where there are no legislative instruments to address the problem or the existing ones… Read More

29th March 2017

U.S. hammers St. Kitts and Nevis on corruption and money laundering

The Federation of St. Kitts and Nevis is susceptible to corruption and money laundering because of the high volume of narcotics trafficking around the islands. The United States Department of State Money Laundering Assessment Report deemed St. Kitts and Nevis a Jurisdiction of Concern. The 2017 International Narcotics Control Strategy… Read More

29th March 2017

How Scotland is a ‘perfect tool’ for criminals

For years Scotland has been marketed around the world as a tax haven, as jurisdiction with all the corporate secrecy of a Belize or a Panama but also the respectability of a Sweden or a Germany. Read More

29th March 2017

New law won’t stop Canada being used for money laundering, tax evasion, critics say

Bill C-25 does little to stop foreigners from using Canadian companies to "snow wash" illicit funds. Read More

28th March 2017

Cyprus still haunted by money laundering claims

Cyprus’ reputation is taking a hammering abroad with past sins related to money laundering being rehashed and presented as current realities as US media dig deep to link the Trump administration with Russia. Read More

28th March 2017

Paul Manafort’s puzzling New York real estate purchases

Paul J. Manafort, the former Trump campaign manager facing multiple investigations for his political and financial ties to Russia, has engaged in a series of puzzling real estate deals in New York City over the past 11 years. Read More

28th March 2017

Money laundering is shaping US cities

In a little-noticed statement, the Treasury bureau responsible for investigating financial crimes shared a remarkable money laundering statistic last month. Read More

28th March 2017

Malta: €8 billion annual risk of money laundering

Malta's threat places it 20th out of 27 states, Pana Committee told. Read More

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