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FCPA Blog Daily News

Entries in money laundering (116)

Monday
Jan252016

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.

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Tuesday
Dec292015

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.

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Tuesday
Dec152015

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.

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Wednesday
Dec022015

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.

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Tuesday
Nov242015

TI: UK AML supervision is an unworkable mish-mash

Transparency International released a report Monday calling for a radical overhaul of the UK’s anti-money laundering system.

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Monday
Nov232015

U.S. and UK risk assessments differ on real estate-related AML

The United States and United Kingdom recently published comprehensive money laundering risk assessments through the UK’s National Risk Assessment and the U.S.’s National Money Laundering Risk Assessment.

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Wednesday
Nov182015

Terrorists and their money: UK money-laundering risk assessment finds big enforcement gaps

Last month the UK’s Treasury and Home Office published the first national risk assessment of money laundering and terrorist financing in the UK.

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Thursday
Nov122015

Compliance alert: Fly-by-Night companies in Russia pose special risks

A major risk for inbound investors in Russia is inadvertent exposure (often under the aegis of third parties) to a type of shell entity called a Fly-by-Night company.

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Thursday
Nov052015

Russia considers penalties for corporate money laundering

The Federal Financing Monitoring Service of the Russian Federation drafted a bill that would ratify the Council of Europe Warsaw Convention of 2005 on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime and on the Financing of Terrorism, which Russia signed in 2009.

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Tuesday
Oct132015

Case note: Prosecuting foreign bribery without FCPA charges

Preet Bharara, U.S. attorney for the Southern District of New YorkLast week the DOJ charged four bankers from Honduras in a multi-year scheme to launder drug money and bribe foreign officials through accounts located in the United States.

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