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Stories Tagged as

Money laundering

A Year of War

Has Europe’s highest court made it harder to sanction the assets of Russian oligarchs?

by Stephen Beard
Mar 10, 2023
Anti-money-laundering campaigners say that a recent decision by the European Court of Justice is a blow against financial transparency.
The European Court of Justice, seen above in Luxembourg, recently ruled against a series of registers of true ownership, which are designed to prevent wealthy individuals from hiding their assets.
John Thys/AFP via Getty Images
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Washington aims to monitor all-cash deals to crack down on money laundering

by Amy Scott
Dec 7, 2021
The Treasury Department is seeking public input on a plan to increase oversight of all-cash real estate transactions to try to crack down on money laundering.
If an individual buys a property with only cash, the transaction may not raise any red flags. The Treasury Department is seeking to change that. Above: the U.S. Treasury building.
Karen Bleier/AFP via Getty Images
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Why are banks letting corrupt money pass through their systems?

by David Brancaccio , Daniel Shin and Erika Soderstrom
Sep 25, 2020
BuzzFeed senior Investigative reporter Jason Leopold talks about how and why banks have allegedly let trillions of ill-gotten money pass through their hands without taking action.
Mark Wilson/Getty Images
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How can the government fight money laundering? Let's count the ways.

by Sabri Ben-Achour
Sep 23, 2020
Government resources can't keep up with transactions banks flag as fishy.
Spencer Platt/Getty Images
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Troika Laundromat used shell companies to hide billions, report says

by Sabri Ben-Achour
Mar 15, 2019
The editor of the Organized Crime and Corruption Reporting Project describes how the complex system worked.
Money launderers funneled money through companies set up by offshore banks like Ukio in Lithuania.
PETRAS MALUKAS/AFP/Getty Images
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How China became a hot spot for money laundering

by David Brancaccio
Mar 28, 2016
One con man got away with millions.
Con man Gilbert Chikli attained 6.1 million euros from France alone in less than two years, reports the Associated Press. 
Sean Gallup/Getty Images
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Drug cartels have an offer you can (and should) refuse

by Jeff Tyler
Jan 14, 2014
Mexican drug cartels increasingly use small businesses in the U.S. to launder their criminal revenues.
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Barclays shuts down cash transfer businesses to prevent money laundering

by Stephen Beard
Jul 10, 2013
Some fear the closures could hurt immigrants -- Somali expatriates in particular -- who rely on the transfer services to send funds back home.
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Money laundering goes virtual? U.S. accuses Liberty Reserve of moving billions

by Queena Kim
May 29, 2013
The Feds have accused Liberty Reserve of moving $6 billion for criminals involved in credit card fraud and Ponzi schemes by converting cash to virtual currency.
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European Debt Crisis

Where will money launderers turn after Cyprus?

by Stephen Beard
Mar 27, 2013
The recent crisis in Cyprus threw the spotlight on its reputation as a haven for money launderers. Now, some dodgy investors with money its banks have taken a hit. Where can they turn now to shelter their ill-gotten goods?
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