Featured Jurisdictions

Banks Could Cut Ties with Facebook over Libra Concerns: Report

Banks could suspend their services for Facebook should the social media company launch its planned digital currency without addressing regulatory concerns, the chief executive of ING told the Financial Times.  If banks determine that Facebook has opened itself up to facilitating the movement of illicit funds with the launch… Read More

Is There a ‘New Normal’ for De-risking in the Caribbean?

In early August 2019, it was revealed that large amounts of currency, upwards of $50 million monthly, are being shipped out of Jamaica. Peter Higgins, who is part of the Bank of Jamaica’s Foreign Exchange Code Working Group, noted that “too much cash is being shipped from Jamaica and to… Read More

More investors join U.S. lawsuit against Danske Bank

A group of 64 institutional investors has joined an existing U.S. lawsuit against Danske Bank over a $200 billion money laundering scandal, the law firms behind the action said in a statement on Monday. Danske Bank is under investigation in several countries including the United States over 200 billion euros… Read More
22nd October 2019
Nigeria’s anti-fraud office on Monday charged two Britons in the capital, Abuja, for alleged money laundering in connection with an ill-fated gas deal that has left the government facing a disputed bill of more than $9 billion. James Richard Nolan and Adam Quinn pleaded not guilty in an Abuja court… Read More
22nd October 2019
The daughter of late Venezuelan President Hugo Chávez allegedly used a secret bank account in the United States for two years to make million-dollar purchases, adding to a long list of money-laundering accusations against the Chávez family. According to a report by Diario Las Américas, María Gabriela… Read More
22nd October 2019
Exxon Mobil Corp.’s clash with Treasury Secretary Steven Mnuchin is escalating in a Texas court with the energy giant claiming government interpretation of sanctions regulations is too broad. The dispute relates to a 2014 deal Exxon struck with Moscow-based Rosneft OAO while the company’s Chief Executive Officer Igor Sechin… Read More
22nd October 2019
BriansClub is one of the top underground destinations for buying and selling stolen credit cards, according to security experts. It is known for good customer service, a steady stream of stolen credit-card information and expert quality control. BriansClub also appears to enjoy goading Brian Krebs, a cybersecurity journalist who runs… Read More
22nd October 2019
Ana Guerreiro points across the street at a handful of housing projects in Lisbon’s up-and-coming riverside neighbourhood of Marvila. It’s where she moved in with her mother last year after soaring rents meant she could no longer afford to live alone. “Prices have gone through the roof here,” said Guerreiro, 33, stepping outside the cafe… Read More
22nd October 2019
By Ronald F Pol, La Trobe University Money laundering rarely gets as literal as the case in Thailand last week, where police raided homes of a ring suspected of laundering a billion baht (about A$48 million) of drug proceeds and found millions stashed in a washing machine. Stories… Read More
22nd October 2019
A ban on cash transactions over €10,000 is set to finally see the light of day, after being shot down by Cabinet when first proposed by Finance Minister Edward Scicluna four years ago. A source familiar with the 2015 proposal told Times of Malta that the government had little appetite… Read More
21st October 2019
A global finance watchdog kept Pakistan off its terrorism financing blacklist on Friday but warned Islamabad it only had until February to improve or face international action. The Paris-based Financial Action Task Force, which tackles money laundering, said it was concerned that Pakistan had failed to complete the action plan… Read More
21st October 2019
A global anti-money-laundering watchdog is increasing pressure on Iran to meet its standards while giving the country more time to do so. The Financial Action Task Force, a Paris-based intergovernmental body that sets standards for anti-money-laundering and counterterrorism financing rules, also added three other countries to its blacklist of jurisdictions… Read More
21st October 2019
AP — Federal law enforcement officials in Oregon say they’ve uncovered an elaborate scheme to convert Mexican drug profits from sales in the United States back into pesos using Chinese citizens who seek to circumvent their country’s banking laws. The Mexican drug cartels are taking advantage of the… Read More