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Fallout from Pandora Papers

Fallout from the Pandora Papers continues as the President of Ecuador is under investigation and European leaders are criticizing the U.S. for its lack of money laundering controls. Investigation in Ecuador Ecuadoran President Guillermo Lasso is under investigation in his country for tax fraud.  Documents in the Pandora Papers linked Lasso to two private foundations

FinCEN Issues Report on Ransomware Trends in Bank Secrecy Act Data

FinCEN has issued a report on ransomware trends in Bank Secrecy Act data. The report was coordinated with a separate press release from the Treasury Department on its continuing campaign to combat ransomware. The FinCEN Report FinCEN - the Financial Crimes Enforcement Network - analyzed ransomware-related suspicious activity reports (or "SARs") filed during the first

By |2021-10-16T13:48:19+00:00October 16th, 2021|Categories: corporate transparency act, FinCEN, Money laundering|Tags: , , |0 Comments

Pandora Papers Highlight Money Laundering Risks

World leaders and high net worth individuals are responding to a massive document dump over the weekend being called the "Pandora Papers." Several major news organizations published the massive haul of documents on Sunday.  The documents appear to tie world leaders to secret stores of wealth.  The papers name King Abdullah of Jordan, Czech Prime

By |2021-10-08T10:51:22+00:00October 4th, 2021|Categories: corporate transparency act, FinCEN, Money laundering|Tags: , , , |Comments Off on Pandora Papers Highlight Money Laundering Risks

Money Laundering Surges During Pandemic

Reuters is reporting that the United Arab Emirates central bank sees increased risks of illicit financial flows emerging from the COVID-19 pandemic, including money-laundering and terrorism financing, in reporting over the weekend. The central bank claimed that illicit actors have increased their use of unlicensed money service providers during the coronavirus crisis.  The central bank

By |2021-10-02T20:03:28+00:00September 20th, 2021|Categories: corporate transparency act, FinCEN, Money laundering|Tags: , , |Comments Off on Money Laundering Surges During Pandemic
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