Items tagged with money laundering

Item title Description
Panama Papers demonstrate need to reopen UNGASS 2016 outcome document [08.04.2016] The Panama Papers, a massive leak of confidential documents from Mossack Fonseca, a law firm in Panama that helped wealthy clients and money laundere...
The world's most powerful drug lord has been linked to the Panama Papers [06.04.2016] Documents from global law firm Mossack Fonseca leaked to journalists have linked the firm to two alleged money launderers and drug traffickers tied t...
EU finance ministers call for restrictions on €500 note over crime fears [11.02.2016] EU finance ministers have called for an investigation into the €500 note, amid growing concern it is making life easier for terrorists, money launder...
HSBC sued over drug cartel murders after laundering probe [08.02.2016] Families of U.S. citizens murdered by drug gangs in Mexico sued HSBC Holdings Plc, claiming the bank can be held responsible for the deaths because i...
HSBC fights to stop money-laundering report going public [13.01.2016] HSBC is trying to prevent publication of a report on how it complies with money-laundering rules imposed on it by the US authorities in 2012, when it...
London is now the global money-laundering centre for the drug trade, says crime expert [03.07.2015] The City of London is the money-laundering centre of the world's drug trade. UK banks and financial services have ignored so-called "know your custom...
HSBC got away with buying cocaine plane [10.02.2015] A money-laundering investigation as big as the bank itself ended with a deferred prosecution agreement that allowed HSBC to escape criminal charges a...
Global Surveillance of Dirty Money [30.01.2014] This first independent assessment of the global AML system, conducted by the Center on Law and Globalization, appraises efforts to rate countries by ...
Drug law enforcement and financial investigation strategies [31.08.2013] Since the 1980s, there has been a major push in rhetoric and institution-building, emphasizing the centrality of attacking the financial lifeblood of...
Deficiencies in financial oversight enable money laundering [15.05.2013] In July 1989, the leaders of the economic powers assembled at the G7 Paris summit decided to establish a Financial Action Task Force (FATF) to counte...
HSBC gives Argentina prosecutors chance to correct US blunder [31.03.2013] The accusations from Argentina's tax authority that London-based HSBC laundered over $100 million may pale in comparison to that of the bank's US - M...
Warren: Drug possession warrants jail time but laundering cartel money doesn’t? [06.03.2013] Appearing at a Senate Banking Committee hearing, Sen. Elizabeth Warren (D-MA) grilled officials from the Treasury Department over why criminal charge...
Gangster bankers: Too big to jail [13.02.2013] The deal was announced quietly, just before the holidays, almost like the government was hoping people were too busy hanging stockings by the firepla...
Outrageous HSBC settlement proves the drug war is a joke [12.12.2012] A settlement deal with the British banking giant HSBC is the ultimate insult to every ordinary person who's ever had his life altered by a narcotics ...
Global banks are the financial services wing of the drug cartels [22.07.2012] Last week, managers from Britain's biggest bank, HSBC, lined up before the Senate's permanent sub-committee on investigations. Europe's largest bank ...
Western banks 'reaping billions from Colombian cocaine trade' [01.06.2012] While cocaine production ravages countries in Central America, consumers in the US and Europe are helping developed economies grow rich from the prof...
Draining Development? [29.02.2012] The book provides the first collection of analytic contributions, as opposed to advocacy essays and black box estimates, on illicit financial flows (...
How a big US bank laundered billions from Mexico's murderous drug gangs [02.04.2011] "Wachovia's blatant disregard for our banking laws gave international cocaine cartels a virtual carte blanche to finance their operations," said a fe...
Banks financing Mexico gangs admitted in Wells Fargo deal [28.06.2010] Wachovia made a habit of helping move money for Mexican drug smugglers. Wells Fargo & Co., which bought Wachovia in 2008, has admitted that its unit ...
Countering illicit and unregulated money flows [24.01.2010] In this issue of Crime & Globalisation, Tom Blickman tracks the history of the international anti-money laundering (AML) regime. Since its origin in ...
Money Laundering, Tax Evasion and Financial Regulation [11.06.2007] The seminar looked at the effectiveness of the Anti Money Laundering (AML) regime that has been built over the past two decades, and the more recent ...
Money Laundering [31.12.2005] Techniques for hiding proceeds of crime include transporting cash out of the country, purchasing businesses through which funds can be channeled, buy...
Chasing Dirty Money [31.10.2004] Originally developed to reduce drug trafficking, national and international efforts to reduce money laundering have broadened over the years to addre...

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