Troika Laundromat used shell companies to hide billions, report says

by , and Mar 15, 2019
The editor of the Organized Crime and Corruption Reporting Project describes how the complex system worked.
Money launderers funneled money through companies set up by offshore banks like Ukio in Lithuania.

How China became a hot spot for money laundering

by David Brancaccio Mar 28, 2016
One con man got away with millions.
Con man Gilbert Chikli attained 6.1 million euros from France alone in less than two years, reports the Associated Press. 
Sean Gallup/Getty Images

Drug cartels have an offer you can (and should) refuse

by Jeff Tyler Jan 14, 2014
Mexican drug cartels increasingly use small businesses in the U.S. to launder their criminal revenues.

Barclays shuts down cash transfer businesses to prevent money laundering

by Stephen Beard 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.

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

by Queena Kim 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.
European Debt Crisis

Where will money launderers turn after Cyprus?

by Stephen Beard 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?

HSBC to pay record fine to U.S. government

by Stephen Beard 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.

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U.S. proves popular for money laundering

by Sally Herships 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?

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