The first few months of 2014 have been tumultuous for Turkey’s government and its citizens. After over a year of monitoring and case-building, the Ankara Police Department’s Crime Bureau for Anti-smuggling and Organized Crime arrested dozens of government officials and businessmen in one of the most widespread corruption and bribery operations in Turkey’s recent history. … Continue reading »
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Mt. Gox finds cash in the laundry
It seems that Mt. Gox, the bitcoin exchange site that recently declared bankruptcy, might be able to recoup some of those costs. After research its bitcoin wallet from 2011 and more recent, Mt. Gox has found 200,000 bitcoins in an old-format wallet. Worth about $114 million, this is only about 24% of the bitcoins that … Continue reading »
NPR breaks down Mexican Drug Cartel Functions.
How do Mexican drug cartels typically clean up dirty money? NPR discusses casas de cambio and more of recent funding shifts for the cartels in an article on March 20. Continue reading »
Global Anti-Corruption Wins the 2014 TED Prize
With a free fifteen minutes and an interest in corruption, check out this TEDTalk by Chairman Gooch, co-founder of Global Witness, which campaigns “to stop elites getting away with looting entire states, from armed factions militarising the natural resource business, and for an end to the exploitation of our environment that is destroying lives, habitats … Continue reading »
Beyond Banco Delta Asia: North Korea’s Continued Money Laundering Through China by Jende Huang
Though Macau’s Banco Delta Asia may be the most well known example of North Korean money laundering, the bank is hardly the only illicit conduit used by the North Koreans. In March 2013, the US Treasury Department sanctioned North Korea’s Foreign Trade Bank for their missile and nuclear proliferation activities. Though the Treasury Department’s release … Continue reading »
