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Money Laundering

Elizabeth Warren: American Justice Is 'Rigged' In Favor Of The Rich

The Huffington Post | Zach Carter | Posted 02.03.2016 | Politics

WASHINGTON -- In a scorching speech from the Senate floor on Wednesday, Sen. Elizabeth Warren (D-Mass.) said the American criminal justice system is ...

Diplomatic Passports For Sale, Claims Dominica's Opposition Leader

Till Bruckner | Posted 01.20.2016 | World
Till Bruckner

Lennox Linton is the Leader of the Opposition in the Commonwealth of Dominica, an independent island-state in the Caribbean with just 72,000 inhabitan...

Justice for US Terrorism Victims -- Paid for by a Major French Bank

Frank Vogl | Posted 01.05.2016 | World
Frank Vogl

Finding an appropriate source of funds for restitution to U.S. victims of state-sponsored terrorism has been difficult, but the $9 billion fine imposed by U.S. authorities in a settlement with BNP Paribas in late June 2014 has proven to be ideal.

Can the U.S. and Partner Governments Crush ISIL Finance?

Frank Vogl | Posted 12.11.2015 | World
Frank Vogl

United States Treasury Secretary Jacob Lew will chair an unprecedented session of the United Nations Security Council on December 17. For the first ti...

Silver Heads for Slammer in Major New York Corruption Case

Frank Vogl | Posted 12.02.2015 | Crime
Frank Vogl

The need for honest politicians serving the public's interests is at the core of the American system of democracy. Nevertheless, in the U.S., as in every country, politics and corruption too often go hand-in-hand.

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

HuffingtonPost.com | 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

HuffingtonPost.com | 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

HuffingtonPost.com | 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'...