Feb 22, 2023
Proposed rule would render US company registry ‘effectively useless,’ bankers warn
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.
Money Laundering
All the latest investigative reporting and commentary on money laundering activities.
Jan 26, 2023
Citing corruption, US sanctions former Paraguayan president, bars ex Panama president from entering the country
Horacio Cartes and Ricardo Martinelli’s offshore dealings were featured in ICIJ’s Pandora Papers.
Dec 12, 2022
US Senate blocks major anti-money laundering bill, the Enablers Act
Lawmakers are hopeful that the legislation, introduced last year in the wake of the Pandora Papers, will be passed through alternative means.
Sep 20, 2022
New US company owner database ‘taking way too long’ to implement, experts warn
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.
Aug 12, 2022
Former Czech PM Babis is under investigation for alleged money laundering over deal exposed by the Pandora Papers
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.
Jul 15, 2022
Major anti-money-laundering reform passes US House
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.
Jun 27, 2022
‘Delaware is everywhere’: how a little-known tax haven made the rules for corporate America
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.
Jun 23, 2022
House committee advances ‘once in a generation’ crackdown on enablers of financial crime
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.
May 09, 2022
Pandora Papers shed light on ‘gatekeepers’ of dirty money says European watchdog
MONEYVAL rebuked governments across Europe for failing to combat money laundering or police lawyers, accountants and other professionals who facilitate financial crime.
May 02, 2022
Kinahan drug cartel enforcer owned a website that named and shamed criminal “rats”
Leak reveals sanctioned money launderer John Morrissey set up offshore companies and sought to open Panamanian bank accounts tied to the site.
Apr 29, 2022
As US pledges renewed fight against dirty money, head of financial crime agency says funding shortfalls have caused delays
In testimony, FinCEN's acting chief says ‘outmatched’ team is falling behind on policing cryptocurrency and implementing major anti-money laundering law.
Apr 23, 2022
How a ruthless Irish gang found a home away from home in Dubai and an enemy in the White House
Documents leaked to ICIJ tie the Kinahan organized crime cartel to companies and enablers in the Middle East’s top secrecy haven.
Mar 30, 2022
US budget proposal seeks to modernize FinCEN and sanctions policy
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.
Mar 04, 2022
United Arab Emirates placed on money laundering ‘gray list’
The UAE hasn’t done enough to crack down on dirty money flows and needs extra monitoring, the Financial Action Task Force says.
Mar 04, 2022
UK moves to clamp down on dirty Russian money
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.
Jan 31, 2022
Mass prosecution forces Mossack Fonseca back into the spotlight in Panama
As an attorney for the law firm at the heart of the Panama Papers was cleared in one case, the justice department announced a money laundering trial against 32 other defendants.
Dec 20, 2021
The ‘cowboy cocktail’: How Wyoming became one of the world’s top tax havens
An oligarch, a dictator’s aide and a beverage tycoon turned to America’s least populated state to shelter assets, the Pandora Papers show.
Dec 10, 2021
UK must radically reform to cease being haven for kleptocrats, report says
London think tank Chatham House says that professional enablers exploit weaknesses in the country’s anti-money laundering regulations to prop up corruption and authoritarian interests.
Dec 07, 2021
Biden calls for sweeping new push to expose and punish financial corruption
The White House announcement comes ahead of a congressional hearing to probe the role of South Dakota and other states as international tax havens.
Dec 01, 2021
Researchers took shell companies on a global shopping trip with financial institutions — here’s what they found
To test anti-money laundering oversight between low and high-risk clients, the authors of “Global Shell Games” reached out to thousands of banks and other intermediaries.
Dec 01, 2021
Massive money-laundering probe heartens anti-corruption activists but fails to lift Pandora Papers’ pall over Seychelles
The African tax haven, recently removed from the EU’s blacklist despite uproar, is prosecuting its first major money laundering case against an influential couple who feature among the wealthy elites in the Pandora Papers.
Oct 07, 2021
US lawmakers call for crackdown on financial ‘enablers’ after Pandora Papers
The proposed legislation, experts say, represents the most significant reform of anti-money laundering rules since 9/11.
Oct 04, 2021
Suspect foreign money flows into booming American tax havens on promise of eternal secrecy
Confidential documents lay bare the inner workings of U.S. trust industry that serves global leaders and the super rich.
Oct 04, 2021
How America’s biggest law firm drives global wealth into tax havens
Baker McKenzie has been a pioneer in corporate tax dodging. It now acts for notorious tycoons, arms makers and authoritarian regimes operating in the shadow economy.
Oct 04, 2021
Rogue Americans shielded money offshore, eluding victims and criminal investigators
An alleged murderer, a mob associate and a child sex offender protected their wealth in a Belize tax haven, records show.
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