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Money Laundering

Orders of Magnitude and the Human Cost of Illicit Financial Flows

Raymond Baker | Posted 12.08.2014 | 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 11.19.2014 | 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 11.06.2014 | 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 10.30.2014 | 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'...

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

MyBankTracker | Posted 09.07.2014 | Money
MyBankTracker

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 ...

Banks Launder Billions of Illegal Cartel Money While Snubbing Legal Marijuana Businesses

Avinash Tharoor | Posted 09.22.2014 | Business
Avinash Tharoor

The hypocrisy of the role that banks play in the drug trade is particularly disgraceful when considering the recent system of marijuana regulation that was introduced in Colorado.

ReThink Review: The Wolf of Wall Street -- Why Depiction Isn't Endorsement

Jonathan Kim | Posted 03.05.2014 | Entertainment
Jonathan Kim

The Wolf of Wall Street did not create or endorse the corrupt culture and lifestyle it depicts, but simply pulls if from the shadows and puts it on display. If this inspires people to follow Belfort's example, the issue isn't the film.

In Breaking Bad, How Could Walter White Have Handled Things Differently if He Had Known About Bitcoin?

Quora | Posted 12.21.2013 | TV
Quora

This question originally appeared on Quora. Answer by Jon Mixon, The Internet, while playing a major role in modern society, played a rather min...

Partisanship Drives DeLay's Case Once Again

J. Gerald Hebert | Posted 11.26.2013 | Politics
J. Gerald Hebert

In yet another display of the Texas judiciary's overt partisanship in the legal saga over Tom DeLay's alleged money laundering scheme during the 2002 Texas elections, a court of appeals overturned DeLay's conviction last Thursday.

Another Drug War Forfeiture Outrage

Radley Balko | Posted 11.24.2013 | Politics

Here's a new video from the libertarian public interest law firm, the Institute for Justice. Combine civil asset forfeiture with the vague federal ...

How Foreign Criminals Are Laundering Money Through Miami Real Estate

South Florida Business Journal | Brian Bandell | Posted 11.01.2013 | Miami

Alvaro Lopez Tardon needed to launder tens of millions of dollars in proceeds from selling thousands of kilograms of cocaine trafficked from South Ame...

Wall Street's Two Least Favorite Birthdays: OWS and Everett Stern

Jerry Ashton | Posted 10.28.2013 | New York
Jerry Ashton

You can be sure that TBTF (Too Big To Fail) bankers will not be donning party hats when these two birthdays roll around: that of Occupy Wall Street on...

When Worlds Collude: Right-wing Whistleblower Courts Left-Leaning Occupy Banking Group

Jerry Ashton | Posted 08.19.2013 | New York
Jerry Ashton

Can this new mutuality of efforts comprise a new path which might be taken by people on the left and the right of the spectrum? That rare "common ground?"

Inferno: Dan Brown Must Burn!

Janet Tavakoli | Posted 09.01.2013 | Books
Janet Tavakoli

One Catholic has been moved to do something about the Vatican's unpleasant facts. He's Pope Francis I, the first Jesuit to rule in the Vatican, and he's in the process of afflicting the comfortable. Life is imitating art.