All the latest investigative reporting and commentary on money laundering activities.
ICIJ-led investigation Cyprus Confidential reveals how the EU member state powered the Kremlin’s financial machine, moving vast sums for oligarchs, including after Russia’s 2022 Ukraine invasion.
The United States’ reputation as a hub of financial secrecy has attracted criminals from around the world, including those profiting from the destruction of the Amazon.
A decade of fresh data shows only a handful of cases were brought against financiers for ignoring money laundering red flags, while few “wealthy” people faced criminal consequences for tax fraud last year, according to new reports.
A new Europol report has found that 70% of criminal enterprises are utilizing money laundering techniques to hide wealth and garner assets, outpacing authorities who are struggling to uncover their crimes.
The pretrial detention of banking and media tycoon Ihor Kolomoisky comes as Ukraine pledges to root out corruption.
Dutch news outlet Follow the Money found more than 50 STAKs, legal structures used to disguise assets and avoid scrutiny, in the Pandora Papers.
A new state bill modeled on the federal Corporate Transparency Act aims to expose company owners and share the information in a publicly searchable database.
The U.K. continues to lead the so-called “axis of tax avoidance,” which drains an estimated $151 billion from global coffers through corporate profit shifting, a new report found.
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.
Experts warn loopholes that allow suspect donations to flow into politics put the country’s elections at risk of foreign inference.
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.
Horacio Cartes and Ricardo Martinelli’s offshore dealings were featured in ICIJ’s Pandora Papers.
Lawmakers are hopeful that the legislation, introduced last year in the wake of the Pandora Papers, will be passed through alternative means.
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.
French financial authorities are looking into Andrej Babis’ acquisition of a lavish property on the French riviera through offshore companies ー a $22 million deal first revealed by ICIJ and media partners.
The Enablers Act, included in the annual defense bill, was first proposed shortly after ICIJ’s Pandora Papers investigation exposed widespread exploitation of lax financial disclosure rules in the U.S.
In his new book “What’s the Matter with Delaware?” former Financial Times reporter Hal Weitzman explores the tiny state’s massive role in global financial secrecy.
Proposed in the wake of the Pandora Papers, the Enablers Act requires trust companies, lawyers, art dealers and others to vet clients seeking to move money and assets into the American financial system.
MONEYVAL rebuked governments across Europe for failing to combat money laundering or police lawyers, accountants and other professionals who facilitate financial crime.
Leak reveals sanctioned money launderer John Morrissey set up offshore companies and sought to open Panamanian bank accounts tied to the site.
In testimony, FinCEN's acting chief says ‘outmatched’ team is falling behind on policing cryptocurrency and implementing major anti-money laundering law.
Documents leaked to ICIJ tie the Kinahan organized crime cartel to companies and enablers in the Middle East’s top secrecy haven.
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 UAE hasn’t done enough to crack down on dirty money flows and needs extra monitoring, the Financial Action Task Force says.
Foreign owners of British property will be unmasked by a new bill, while the government has also pledged to push ahead with an overhaul of Companies House.