The Justice Department is refashioning its unit that prosecutes financial institutions for money laundering and claws back the proceeds of crime, to stanch the flow of money to violent Mexican drug cartels and impound the assets of kleptocrats around the world.
The Treasury Department on Monday proposed a requirement for banks to make weekly reports of all electronic money transfers into and out of the United States.
Federal prosecutors in New York have opened a criminal probe of one of Afghan President Hamid Karzai’s brothers, raising the stakes in Washington’s sometimes-contentious dealings with the Karzai government.
NO damage has been done after the Liberal Democrats announced a clamp down on offshore tax havens, Economic Development Minister Allan Bell claims.
Stung by allegations of suspected money laundering levelled by Rome magistrates against the Vatican’s top bankers, the Holy See has insisted there had been a “misunderstanding” over two disputed money transfers and it had been co-operating fully with Italian and international authorities.
London and New York are still the world’s leading cities for banking and other financial services but Hong Kong is breathing down their necks, according to the latest Global Financial Centres Index
Fifty years ago 17 African states celebrated their independence from Britain, France and Belgium. There were high hopes that resource-rich Africa would flourish.
Despite the Southern Africa region sustaining an annual growth rate of six percent, the U.N. Summit on the Millennium Development Goals will hear that the majority of Southern Africans remain among the poorest people in the world.
Europe must do more to help Africa shed its resource curse
European Voice, September 9, 2010
Crisis casts new doubt on U.S. effort
The Washington Post, September 9, 2010
Afghan AG: West should not lead corruption fight
The Associated Press, September 9, 2010
Afghan elite enjoys high life in Dubai
Financial Times, September 8, 2010
China anti-corruption boss sentenced to death
Associated Press, September 9, 2010
Accountability, economic reforms crucial for post-flood reconstruction – WB
The Associated Press of Pakistan, September 9, 2010
Government to amend all money laundering acts by June
The Financial Express (Bangladesh), September 9, 2010
Patrialis garners support for money-laundering bill
The Jakarta Post (Indonesia), September 9, 2010
A black-market financial investigation spreading from Iran to Sudan, London and Cuba began in a cluttered fifth-floor cubicle in an old-school district attorney’s office in Manhattan featuring dark corridors and frosted glass.
It is no secret that black money has been flowing out of India into Swiss banks and other tax havens…
In Brazil, there is an agency known as “the Lion,” whose agents fly around the ...
May 23, 2012
The G8 have just released an ambitious and comprehensive asset recovery action plan as part ...
May 23, 2012
Wednesday's daily news updates from Global Financial Integrity
May 23, 2012
Officials in Switzerland have opened criminal proceedings against Libyan and Syrian citizens suspected of holding ...
May 22, 2012
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