Richard L. Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Michael Scher
Senior Editor

Elizabeth K. Spahn Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

FCPA Blog Daily News

Entries in money laundering (124)


India sets out on a long war on cash

India has always been a cash economy. The reasons are easy to see. India is still under-banked (only 53 percent of households have accounts, and many are dormant). The delay in enforcement of contracts encourages payment in cash. The low penetration of internet and low literacy discourage electronic transactions.

Click to read more ...


What did the alleged 1MDB looters buy with $1 billion? Here's the list

The DOJ alleged in a civil forfeiture complaint Wednesday that officials at Malaysia's sovereign wealth fund 1MDB and the step son of the Malaysia prime minister diverted more than $3.5 billion from the fund.

Click to read more ...


Owner of Houston oil service companies admits Venezuela bribes

Image courtesy of PDVSAThe owner of multiple U.S.-based oil and gas services companies pleaded guilty Thursday to bribing officials at Venezuela’s state-owned energy company to win work and speed up contract payments.

Click to read more ...


FINRA penalizes Oppenheimer & Co. $3 million for selling risky ETFs to seniors

The Financial Industry Regulatory Authority (FINRA) Wednesday fined Oppenheimer & Co. Inc. $2.25 million and ordered the firm to pay restitution of more than $716,000 to some retail customers for selling them unsuitable high-risk investments.

Click to read more ...


Pennsylvania consultant pleads guilty to FCPA offenses for bribing banker

The former owner and president of a Pennsylvania consulting business pleaded guilty Wednesday to violating the Foreign Corrupt Practices by bribing an official at the European Bank for Reconstruction and Development.

Click to read more ...


Martin Kenney: Tackling corruption means tackling the proceeds of crime

UK Prime Minister David Cameron has said corruption adds 10 percent to business costs globally.

Click to read more ...


Company owner, employee admit FCPA offenses in Venezuela oil company bribe case

The owner of multiple U.S.-based oil and gas services companies pleaded guilty Tuesday to FCPA and fraud charges for bribing officials to win contracts from Venezuela’s state-owned energy company, Petroleos de Venezuela S.A. (PDVSA).

Click to read more ...


Florida-based FIFA match agent pleads guilty to global bribery conspiracy

A FIFA match agent and soccer consultant pleaded guilty Tuesday to one count of money laundering conspiracy and two counts of wire fraud conspiracy for multiple schemes to bribe soccer officials. 

Click to read more ...


Private jet owner, two others, plead guilty in New York-to-Panama money laundering sting

Three men who thought they were laundering $2.6 million from a penny stock fraud have pleaded guilty in federal court in Brooklyn, New York.

Click to read more ...


UK deterrence failure: High value dealers in ‘showpiece’ assets avoid prosecution

Luxury goods retailers selling high-end cars, boats, private jets, art, antiques and jewellery are being used by the corrupt to hide the illegal proceeds of crime -- and to escape detection, Transparency International said.

Click to read more ...


Ex Russia nuke official jailed four years for laundering bribe money

A former director of a Russian nuclear energy firm was sentenced Tuesday to 48 months in federal prison for taking $2 million in bribes to award uranium transportation contracts to an American company.

Click to read more ...


Martin Kenney: Are Russia's moves against graft and money laundering for real? 

In a post for the FCPA Blog, Kristina Furlet wrote that Russia has drafted a bill that would (finally) ratify the Council of Europe Warsaw Convention of 2005 on Laundering, Search, Seizure and Confiscation of the Proceeds of Crime and on the Financing of Terrorism.

Click to read more ...