Money Laundering

EU ‘dirty money’ action plan faces resistance, criticism
Douglas Dalby · May 22, 2020

The European Commission wants to create a central authority to tackle money laundering, but some EU members are rebelling against the plan.

‘Everyone is doing badly’, anti-money laundering czar warns
Simon Bowers · May 11, 2020

The man in charge of stopping criminals from laundering money has a scathing report of the world’s progress.

Luxembourg falls further behind EU AML rules
Douglas Dalby · September 12, 2019

Luxembourg has approved a further delay for companies to register their beneficial ownership details after 53% of affected entities failed to meet the original deadline.

Senators propose radical overhaul of US anti-money laundering regime
Douglas Dalby and Zshekinah Collier · June 17, 2019

Authorities in the United States have more information about library card holders than the owners of registered companies and this bipartisan group of U.S. senators wants to change that.

FBI says ‘we must learn from the Panama Papers’
Douglas Dalby · May 24, 2019

Allowing the owners of shell companies to hide their identities from United States authorities constitutes a “significant loophole” in the country’s ability to tackle money laundering and illicit financing, a senior FBI official.

Former President Charged With Money Laundering in El Salvador
Sasha Chavkin · January 14, 2019

Mauricio Funes and several associates were charged for allegedly disguising $3.5 million in bribes from a state contractor, using offshore companies uncovered as part of the Panama Papers.

Panama Papers: German police raid Deutsche Bank headquarters over alleged money laundering
Hamish Boland-Rudder and Will Fitzgibbon · November 29, 2018

The investigation is focused on whether Germany’s biggest bank helped clients set up offshore accounts to transfer money from criminal activities.

Founders of Panama Papers Law Firm Arrested on Money Laundering Charges
Will Fitzgibbon, Emilia Díaz-Struck and Michael Hudson · February 11, 2017

Police in Panama arrested the founders of Mossack Fonseca, the law firm at the center of the Panama Papers scandal, on money laundering charges Thursday after authorities raided the firm’s headquarters as part of investigations into Brazil’s largest-ever bribery scandal.