money laundering

Barclays shuts down cash transfer businesses to prevent money laundering

Jul 10, 2013
Some fear the closures could hurt immigrants -- Somali expatriates in particular -- who rely on the transfer services to send funds back home.
Posted In: Barclays, Africa, money laundering

Money laundering goes virtual? U.S. accuses Liberty Reserve of moving billions

May 29, 2013
The Feds have accused Liberty Reserve of moving $6 billion for criminals involved in credit card fraud and Ponzi schemes by converting cash to virtual currency.
Posted In: money laundering, currency, Internet

Where will money launderers turn after Cyprus?

Mar 27, 2013
The recent crisis in Cyprus threw the spotlight on its reputation as a haven for money launderers. Now, some dodgy investors with money its banks have taken a hit. Where can they turn now to shelter their ill-gotten goods?
Posted In: money laundering, cyprus

HSBC to pay record fine to U.S. government

Dec 11, 2012
The British bank HSBC is to pay almost $2 billion to U.S. authorities to settle a case over money-laundering and sanctions busting. The penalty is the biggest in the history of U.S. banking regulation.
Posted In: HSBC, banking, money laundering

U.S. proves popular for money laundering

Aug 7, 2012
Standard Chartered denies passing Iranian funds through the U.S. But after other laundering cases, why is the U.S. popular for cleansing money?
Posted In: Banks, money laundering, Standard Chartered