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Money Laundering

Terrorist Financing Must Be Destroyed

Frank Vogl | Posted 11.17.2015 | World
Frank Vogl

A sprawling dark network of financial agents has long supported terrorist operations. The U.S. Patriot Act, pushed by the last Bush Administration following the 9/11 disaster explicitly sought to strengthen efforts in this area. But, still more must be done.

Restoring Banking Integrity - 10 Reform Proposals

Frank Vogl | Posted 10.13.2015 | Business
Frank Vogl

Public trust in the biggest banks is low. I have 10 specific recommendations to cure the banks of their evil ways. Bankers will not like most of my proposals, but the time has come for radical reform.

Money Laundering Scourge of the World

Diane M. Francis | Posted 09.30.2015 | World
Diane M. Francis

A recent report by Washington think tank Global Financial Integrity reveals the fatal flaw in the world's globalized financial architecture: It has not been accompanied by a globalized governance and regulation system.

Market crashes and Migration Linked by Hot Money Flows

Diane M. Francis | Posted 08.31.2015 | World
Diane M. Francis

The collapse in stock markets and the surge in the migrants flooding into Europe captured August headlines. There are many underlying causes for each phenomenon, all linked. Unprecedented flows of illicit money are damaging most economies. Investors are fleeing this, as are migrants.

Francis, Don't Pontificate Environment!

Nigel Barber | Posted 06.24.2015 | Green
Nigel Barber

Pope Francis recently published his statement on global warming as a moral problem. The Pontiff may be the best liked public figure on the planet but his credibility on environmental issues is close to zero. More specifically, Catholic Church policies hurt both the poor, and the environment.

Italian Prosecutors Seek To Indict Bank Of China, 297 People

AP | Posted 06.21.2015 | World

ROME (AP) — Italian prosecutors are seeking to indict 297 people and the Bank of China in connection with a massive money-laundering investigation r...

The Brazenly Illegal Behavior of Big Banks

Frank Vogl | Posted 05.27.2015 | Business
Frank Vogl

Three strikes and you are out in baseball. Three strikes -- irrespective of the crime -- and you're in prison long-term in the United States. Now, the bankers need to be subjected to the "Three Strikes and You're Out" rule.

The Mysterious Disappearance of Satoshi Nakamoto, Founder & Creator of Bitcoin

Martin O’Leary | Posted 05.11.2015 | Technology
Martin O’Leary

Just as a true artist lives by his or her art--creating and being remembered through a legacy of masterpieces--Nakamoto's anonymity perfectly mirrors the anonymity of his Bitcoin masterpiece.

Petrobras's Billion-Dollar Scandal: Behind The Chaos In Brazil's Biggest Company

Brasil Post | Diego Iraheta | Posted 02.06.2015 | World

The chief executive of Brazil's biggest company, Petrobras, as well as five members of the state-run oil giant's board of directors were forced to res...

Orders of Magnitude and the Human Cost of Illicit Financial Flows

Raymond Baker | Posted 02.06.2015 | Impact
Raymond Baker

All of us would like better data -- better financial flows data, better financial stock data, better health data. But, a lack of perfection in the data that we have cannot become an excuse for failing to accept the linkage between resources and survival.

FATCA: Are Transnational Criminal Networks Influencing US Policy?

Natasha Srdoc | Posted 01.18.2015 | Business
Natasha Srdoc

There is a fundamental difference between the privacy of banking accounts and hiding beneficial ownership in order to commit crimes. The benefits of tracking organized crime, terrorism financing and tax evasion far outweigh the risks to privacy and secrecy of accounts, which is already adequately protected by rule of law nations.

Report: U.S. Money-Laundering Probe Draws In Putin's Inner Circle

Reuters | Posted 01.06.2015 | World

Nov 6 (Reuters) - U.S. prosecutors have launched a money-laundering investigation into a member of Russian President Vladimir Putin's in...

Cuba, Praised for Increased Vigilance against Terrorist Finance, Remains on US Terror List

Sarah Stephens | Posted 12.30.2014 | World
Sarah Stephens

Last Friday, The Financial Action Task Force congratulated Cuba -- along with Argentina, Ethiopia, Tajikistan and Turkey -- for taking such strong actions to police its financial system that it will no longer be subject to the monitoring of its efforts against money-laundering and terrorist finance.

Zach Carter

You've Never Heard Of Darrell Issa's Next Scandal Circus | Zach Carter | Posted 10.24.2014 | Politics

WASHINGTON -- Congress is out of session and won't be back until Nov. 12. But that isn't stopping House Oversight Committee Chairman Darrell Issa (R-C...

Why Are We Letting Crooks And Fraudsters Use American Companies To Rip Off Americans?

Charmian Gooch | Posted 11.26.2014 | Business
Charmian Gooch

We don't need anonymous companies. They are the getaway cars for all sorts of criminals and fraudsters who are hurting U.S. interests -- it's time to take away the keys.

Was North Carolina Used as an Ecuadorean Money-Laundering Hub?

Ezequiel Vázquez Ger | Posted 11.25.2014 | World
Ezequiel Vázquez Ger

It is time for local, state and federal U.S. authorities to connect the dots on Ecuador's corruption schemes that has spilled over into American jurisdiction.

The World's Leaders Are Failing To Curb Corruption. Here's Why

Frank Vogl | Posted 11.21.2014 | Crime
Frank Vogl

Rogue current and former dictators and global bribe-paying giant corporations are enjoying levels of impunity, which only encourage international corruption and money laundering. The G20 needs to use this event to forcefully declare "NO IMPUNITY."

Friday Talking Points: The Gender Gap

Chris Weigant | Posted 10.29.2014 | Politics
Chris Weigant

As Silly Season winds to a close, there were a smattering of 'Obama's on vacation -- how dare he!?!' stories, as usual. Obama has taken less than a third of the days off that President Bush did, but that certainly doesn't stop pundits from complaining every time Obama picks up a golf club.

Zach Carter

House Republicans Are Trying To Make Money Laundering A Lot Easier | Zach Carter | Posted 09.19.2014 | Politics

WASHINGTON -- House Republicans are agitating to dramatically curb federal bank regulators' ability to combat money laundering, calling for changes in...

Zach Carter

Darrell Issa's Latest Circus Has Lawmakers Shocked That DOJ Fights Fraud | Zach Carter | Posted 07.15.2014 | Politics

WASHINGTON -- On Tuesday, Republicans on the House Financial Services Committee took up Rep. Darrell Issa's crusade against the Department of Justice'...

Chase Stops Cash Deposits Into Accounts That Aren't Your Own (And It Still Doesn't Make Sense)

MyBankTracker | Posted 09.07.2014 | Money

How is it I can't use my good, hard-earned cash to deposit in someone else's legitimate account? Look, I'm all for stopping money laundering. But this new policy is disruptive for millions of families across the U.S. Not only is it disruptive -- but it's also silly.

Hawaii Restaurateur Sentenced For Laundering $1.3 Million

AP | SAM EIFLING | Posted 07.07.2014 | Crime

HONOLULU (AP) — A businessman with a chain of Italian restaurants in Hawaii was sentenced Wednesday to six months in prison for laundering $1.3 mill...

Mexico Takes Cue From The U.S. In Fight Against Money Laundering

AP | E. EDUARDO CASTILLO | Posted 04.15.2014 | Latino Voices

MEXICO CITY (AP) — Mexico has announced plans to fight money laundering by using "kingpin" lists like those issued by the United States, although un...

Taking a Page From Eliot Ness to Fight Wildlife Trafficking's New Al Capones

David Wilkie | Posted 03.23.2014 | Green
David Wilkie

We have credible evidence that where national park rangers and community ecoguards are out patrolling, and risking their lives doing so, elephants have a much greater chance of escaping the poacher's bullet, axe and chainsaw.

Vatican Monsignor Arrested For Money Laundering

AP | NICOLE WINFIELD | Posted 03.23.2014 | Religion

VATICAN CITY (AP) — A Vatican monsignor already on trial for allegedly plotting to smuggle 20 million euros ($26 million) from Switzerland to Italy ...