Items tagged with money laundering
| Item title | Description |
|---|---|
| As the mayor of Amsterdam, I can see the Netherlands risks becoming a narco-state [05.01.2024] | In the Netherlands, we used to look on the international “war on drugs” with a certain amount of disdain. Its solutions were prohibition, criminalisa ... |
| ABN raises charges for coffeeshops by 1000% to cover money laundering costs [28.10.2021] | ABN AMRO is raising its bank charges for coffeeshops by 1000% to cover the costs of complying with anti-money laundering laws. From January coffeesho ... |
| Special Report: Burner phones and banking apps [03.12.2020] | U.S. law enforcement officials say Chinese “money brokers” represent one of the most worrisome new threats in the war on drugs. Small cells of Chines ... |
| Money laundering: How Moroccan cannabis becomes Emirati gold [22.09.2020] | Years of investigations have revealed the intricate money laundering network that turns Moroccan hash into gold in Dubai. Revelations into the dealin ... |
| Poor IT skills mean investigations into money laundering rarely bear fruit [27.07.2020] | Only a handful of the tens of thousands of annual reports of suspected money laundering end up in court case because watchdog staff lack IT expertise ... |
| Is Southeast Asia's drug trade too big to control? [19.05.2020] | Police in Myanmar this week announced the largest synthetic drug seizure on record in Southeast Asia. Between February and April, security forces sei ... |
| Cannabis sales in EU raise $13 billion for crime gangs [26.11.2019] | Europeans spent at least 11.6 billion euros (£9.9 billion) in 2017 on illegal cannabis purchases, confirming marijuana as the largest drugs market in ... |
| Criminals launder €13bn a year in the Netherlands, most crime cash is Dutch [13.11.2019] | At least €13bn is laundered through the Netherlands on an annual basis, with most of the money coming from Dutch criminal enterprises, according to n ... |
| Taking stock: A decade of drug policy [22.10.2018] | ‘Taking stock: A decade of drug policy’ evaluates the impacts of drug policies implemented across the world over the past decade, using data from the ... |
| Britain’s war on dirty money lacks oomph [11.10.2018] | No one knows how much dirty money is rinsed through London, but Britain’s National Crime Agency (NCA) reckons British banks and their subsidiaries (i ... |
| Money launderers are taking EU to the cleaners, experts say [30.09.2018] | European Union nations may boast the world's most stringent anti-money laundering rules, but recent scandals show that criminals are good at exploiti ... |
| ING lax on money laundering, agrees €775m out-of-court settlement [04.09.2018] | The public prosecution department has reached a €775m out of court settlement with ING for failing to properly monitor money transfers for potential ... |
| Caricom Commission: Marijuana laws too draconian [08.07.2018] | The Caricom Regional Commission on Marijuana has labelled existing regional marijuana laws as draconian and one which carries with it inappropriate c ... |
| Commonwealth Bank agrees to pay $700m to settle money laundering lawsuit [04.06.2018] | The Commonwealth Bank has agreed to pay $700m to settle civil proceedings relating to breaches of anti-money laundering and counter-terrorism financi ... |
| Tax-haven transparency won’t stop money laundering in Britain [08.05.2018] | Britain’s overseas territories are to be forced to adopt public registers of company ownership by the end of the decade. That’s a step in the right d ... |
| Europe is losing the fight against dirty money [02.04.2018] | Rob Wainwright, who will be leaving his post as Europol director after almost a decade, said: “One of my favorite frustrations is on financial crime ... |
| Rabobank to pay $369 million in money-laundering case [08.02.2018] | Dutch lender Rabobank’s California unit agreed to pay $369 million to settle allegations that it lied to regulators investigating allegations of laun ... |
| Why marijuana retailers can’t use banks [22.01.2018] | Nearly two-thirds of America’s states have legalised pot sales for certain uses, but the federal government still classifies marijuana as a Schedule ... |
| A banker who helped hide Mexican drug money is helping U.S. prosecutors [18.12.2017] | A former U.S. manager for Dutch banking giant Rabobank Groep says he helped hide possible criminal activity by clients and is assisting U.S. prosecut ... |
| California proposes armored cars to transport pot tax money [07.11.2017] | California should use armored cars to transport hundreds of millions of dollars in cash tax payments expected next year with the state's legal mariju ... |
| Pot was flying off the shelves in Uruguay. Then U.S. banks weighed in [25.08.2017] | The pharmacies selling pot were doing a brisk business. After Uruguay became the first country in the world to fully legalize marijuana sales for rec ... |
| Uruguay finds no banks for the bongs [22.08.2017] | Understated and simpatico, former Uruguayan president Jose Mujica isn't easily rattled. Just don't mess with his reefer. That was the message from Mo ... |
| Legal marijuana sale faces challenges by banks in Uruguay [18.08.2017] | The legal sale of marijuana in Uruguayan pharmacies is facing challenges as banks refuse to deal with companies linked to the drug in order to follow ... |
| California considering creating a state-run bank for cannabis businesses [16.07.2017] | California government, financial and marijuana business leaders met last week in a far-from-resolved debate over whether a state-run bank could be th ... |
| Cannabis cash conundrum: Some businesses bury money, others truck it to a federal vault [12.07.2017] | With recreational use set to become legal next year under Proposition 64, cannabis sales in the state are expected to top $7.5 billion in 2020, up fr ... |
| Federal bills from Colorado legislators seek to shield state marijuana laws, open banking [18.05.2017] | Colorado federal lawmakers amplified efforts to protect state-enacted marijuana laws and cannabis businesses supporting banking legislation for the m ... |
| New federal bill would allow banking for marijuana businesses [27.04.2017] | Marijuana businesses can’t openly bank and congressman Ed Perlmutter, D-Colo., is hoping to change that. Perlmutter on Thursday introduced the Secure ... |
| Panama Papers demonstrate need to reopen UNGASS 2016 outcome document [08.04.2016] | The Panama Papers, a massive leak of confidential documents from Mossack Fonseca, a law firm in Panama that helped wealthy clients and money laundere ... |
| The world's most powerful drug lord has been linked to the Panama Papers [06.04.2016] | Documents from global law firm Mossack Fonseca leaked to journalists have linked the firm to two alleged money launderers and drug traffickers tied t ... |
| EU finance ministers call for restrictions on €500 note over crime fears [11.02.2016] | EU finance ministers have called for an investigation into the €500 note, amid growing concern it is making life easier for terrorists, money launder ... |
| HSBC sued over drug cartel murders after laundering probe [08.02.2016] | Families of U.S. citizens murdered by drug gangs in Mexico sued HSBC Holdings Plc, claiming the bank can be held responsible for the deaths because i ... |
| HSBC fights to stop money-laundering report going public [13.01.2016] | HSBC is trying to prevent publication of a report on how it complies with money-laundering rules imposed on it by the US authorities in 2012, when it ... |
| London is now the global money-laundering centre for the drug trade, says crime expert [03.07.2015] | The City of London is the money-laundering centre of the world's drug trade. UK banks and financial services have ignored so-called "know your custom ... |
| Big need for marijuana banking, yet Congress has ‘no appetite’ to fix issue [03.04.2015] | Congress doesn’t have the appetite to deal with the conflict between federal and state laws that has caused a banking crisis for the burgeoning marij ... |
| HSBC got away with buying cocaine plane [10.02.2015] | A money-laundering investigation as big as the bank itself ended with a deferred prosecution agreement that allowed HSBC to escape criminal charges a ... |
| Banks are slowly welcoming legal marijuana dealers [12.08.2014] | A top federal official said that 105 banks and credit unions are doing business with legal marijuana sellers, suggesting that federal rules giving fi ... |
| U.S. issues marijuana guidelines for banks [14.02.2014] | The Obama administration issued guidelines intended to give banks confidence that they will not be punished if they provide services to legitimate ma ... |
| Global Surveillance of Dirty Money [30.01.2014] | This first independent assessment of the global AML system, conducted by the Center on Law and Globalization, appraises efforts to rate countries by ... |
| Banks say no to marijuana money, legal or not [14.01.2014] | Legal marijuana merchants — mainly medical marijuana outlets but also, starting this year, shops that sell recreational marijuana in Colorado and Was ... |
| Drug law enforcement and financial investigation strategies [31.08.2013] | Since the 1980s, there has been a major push in rhetoric and institution-building, emphasizing the centrality of attacking the financial lifeblood of ... |
| Deficiencies in financial oversight enable money laundering [15.05.2013] | In July 1989, the leaders of the economic powers assembled at the G7 Paris summit decided to establish a Financial Action Task Force (FATF) to counte ... |
| HSBC gives Argentina prosecutors chance to correct US blunder [31.03.2013] | The accusations from Argentina's tax authority that London-based HSBC laundered over $100 million may pale in comparison to that of the bank's US - M ... |
| Warren: Drug possession warrants jail time but laundering cartel money doesn’t? [06.03.2013] | Appearing at a Senate Banking Committee hearing, Sen. Elizabeth Warren (D-MA) grilled officials from the Treasury Department over why criminal charge ... |
| Gangster bankers: Too big to jail [13.02.2013] | The deal was announced quietly, just before the holidays, almost like the government was hoping people were too busy hanging stockings by the firepla ... |
| Outrageous HSBC settlement proves the drug war is a joke [12.12.2012] | A settlement deal with the British banking giant HSBC is the ultimate insult to every ordinary person who's ever had his life altered by a narcotics ... |
| Global banks are the financial services wing of the drug cartels [22.07.2012] | Last week, managers from Britain's biggest bank, HSBC, lined up before the Senate's permanent sub-committee on investigations. Europe's largest bank ... |
| Western banks 'reaping billions from Colombian cocaine trade' [01.06.2012] | While cocaine production ravages countries in Central America, consumers in the US and Europe are helping developed economies grow rich from the prof ... |
| Draining Development? [29.02.2012] | The book provides the first collection of analytic contributions, as opposed to advocacy essays and black box estimates, on illicit financial flows ( ... |
| How a big US bank laundered billions from Mexico's murderous drug gangs [02.04.2011] | "Wachovia's blatant disregard for our banking laws gave international cocaine cartels a virtual carte blanche to finance their operations," said a fe ... |
| Banks financing Mexico gangs admitted in Wells Fargo deal [28.06.2010] | Wachovia made a habit of helping move money for Mexican drug smugglers. Wells Fargo & Co., which bought Wachovia in 2008, has admitted that its unit f ... |
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