31st March 2017
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’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
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
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
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
Bill C-25 does little to stop foreigners from using Canadian companies to "snow wash" illicit funds. Read More
28th March 2017
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 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
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's threat places it 20th out of 27 states, Pana Committee told. Read More