International Consortium of Investigative Journalists investigates role of professionals over offshore leaks advice

Tweet ICIJ focusing on professional advice given At the recent Anti-Money Laundering and Financial Crime Conference held by the Association of Certified Anti-Money Laundering Specialists in Las Vegas, Michael Hudson, senior editor of the International Consortium of Investigative Journalists (“ICIJ“), gave an interesting presentation on the ICIJ’s work in exposing the use of offshore tax […]

Silk Road owner arrested over money laundering charges and allegations of ordering hit on man from Canada

Tweet Ross Ulbricht, allegedly the ‘Dread Pirate Roberts’ and owner of the website Silk Road, was arrested by the FBI in San Francisco today at a public library and his popular website was shut down. Silk Road was an Internet-based website that accepted Bitcoin. Ulbricht was charged with money laundering conspiracy, computer hacking conspiracy and drug […]

G20 agrees to immigration policy measures to crack down on corrupt immigrants and proceeds of crime imported into G20 countries, including deportation of wealthy foreign nationals

Tweet Crackdown on foreign nationals with unverified funds The G20 leaders have endorsed a sweeping plan proposed by its Anti-Corruption Working Group (“ACWG“) in 2012 to tackle the illicit movement of proceeds of crime internationally by corrupt foreign nationals to other countries (usually done as part of an immigration process). The change is part of […]

French government concerned over potential money laundering with vineyard purchases

Tweet Tracfin report highlights money laundering In its annual money laundering report, France’s Traitement du Renseignement et Action Contre les Circuits Financiers Clandestins (“Tracfin“) expressed concern over money laundering risks associated with the sale of France’s most renowned wineries to investors from China, Hong Kong and Russia. The concern stems from the increase in suspicious […]

MUHC McGill P3 infrastructure case garners another arrest for financial crime

Tweet Wife of Dr. Arthur Porter out on bail Pamela Porter, the spouse of Dr. Arthur Porter, has been released on bail in Montréal after spending more than two months in jail. Ms. Porter is charged with conspiracy and money laundering for Dr. Porter. The money laundering charges stem from what is emerging, if the allegations […]

Lawyers arrested in largest mafia crackdown in Roman history

Tweet Mafia Crackdown in Rome Italian police arrested over 120 people today in its largest crackdown on mafia activities around Rome, including several lawyers alleged to have undertaken transactions and incorporated companies on behalf of the ‘Ndrangheta. According to the police, the ‘Ndrangheta ran multiple gambling operations and drug trafficking operations, and laundered the proceeds […]