The draft disclosure form — panned by lawmakers and transparency advocates alike — previously included options for entities to check “unknown” when reporting ownership information to FinCEN.
The pretrial detention of banking and media tycoon Ihor Kolomoisky comes as Ukraine pledges to root out corruption.
The incoming director of the federal financial crimes unit faces an uphill battle to deliver reforms to thwart illicit money flows amid warnings the agency’s corporate ownership database is not fit for purpose.
Transparency activists warn that delays to U.S. reforms designed to thwart illicit money flows have grave global implications.
The American Bankers Association’s criticism is the latest setback for the U.S. Treasury as it attempts to set up a company ownership database.
After ICIJ’s FinCEN Files investigation, transparency advocates cheered a new law mandating a beneficial ownership register in the U.S. Two years later, experts are expressing serious concerns.
In testimony, FinCEN's acting chief says ‘outmatched’ team is falling behind on policing cryptocurrency and implementing major anti-money laundering law.
As lawmakers propose unmasking those purchasing New York property through LLCs, recent analysis finds shortcomings in federal oversight of money laundering in the housing market.
Despite the requested funding boost, some anti-money laundering experts say Joe Biden’s proposal is just a start to many reforms needed at the agency that leads the global fight against dirty money.
The global investigation on how trillions in dirty money flows through major banks has been widely credited for key anti-money laundering reforms currently being implemented in the U.S.
ICIJ's editors share reflections from behind the scenes of two award-winning investigations.
A leaked European Commission draft indicates urgency to harmonize the bloc’s rules to tackle failings that have made the region a center for financial crime.
The global exposé by ICIJ and BuzzFeed News revealed how a broken U.S.-led enforcement system allows banks to continue to profit from moving trillions in dirty money.
On the fifth anniversary of the Panama Papers’ launch, experts say there’s been progress in the fight against dirty money — but much more is needed.
The State Department bars Ihor Kolomoisky, saying he ‘undermined the rule of law’ in Ukraine.
A tech-driven ‘Manhattan Project’ at the Financial Crimes Enforcement Network is among significant reforms recommended by an anti-money-laundering group.
ICIJ and the Global Alliance for Tax Justice among nominees that also include Committee to Protect Journalists, Russian dissident Alexei Navalny and climate activist Greta Thunberg.
Publisher Moussa Aksar was targeted as his reporting on millions in disappearing defense spending was submitted in a request to force a government inquiry.
The landmark legislation contains several loopholes, exemptions and shortcomings that may become key vulnerabilities in the fight against corruption and financial secrecy, advocates say.
After ICIJ and BuzzFeed News published a joint investigation, officials across the globe began to take action to thwart criminals and illicit financial activity.
The long-sought reforms, effectively ending anonymous shell companies, were included in an annual defense spending bill approved by both houses of Congress with veto-proof margins.
The proposal was made at a Belgian parliamentary hearing held in response to the FinCEN Files investigation.
The Treasury Committee says it will examine the effectiveness of anti-money laundering systems and sanctions, listing areas of concerns investigated by ICIJ.
Failures exposed by the FinCEN Files investigation require urgent intervention, regulators, experts and politicians say.
Sen. Sherrod Brown calls for criminally prosecuting executives who profit from moving money for criminals and corrupt regimes.