This is the first entry for the Financial Crimes blog for this semester, it explores the origins of the Islamic State and analyzes their financing methods. You can access the video right here —>http://youtu.be/WncWrHpyi_8?t=1s For those interested in ISIS keep checking back here because I will be posting several more entries about the militants. Namely I … Continue reading »
Latest Entries
Funnel Accounts & Trade-Based Money Laundering
FinCEN recently released guidance on US currency restrictions in Mexico, specifically tailored to funnel accounts and trade-based money laundering. In 2010, the Mexican Finance Ministry (SHCP) announced new AML regulations that prohibit banks from receiving more than $7,000 USD in cash from a customer during a one month period. The cap also hits its threshold … Continue reading »
The Risks of De-Risking by Molly Sterns
At the 22nd annual West Coast Anti-Money Laundering Forum, held May 7 to May 9 in San Francisco, representatives from across the field gathered to discuss current trends and issues in the industry. In this candid, closed-door setting—no journalists are admitted and recordings are expressly prohibited—few issues were off limits, as experts tackled everything from … Continue reading »
My Fox Boston Reports JetBlue & Delta employees accused of smuggling money
(MyFoxBoston.com) — Five airline employees were arrested Thursday amid allegations that they smuggled thousands of dollars in cash they believed were drug proceeds. Four men from Massachusetts and one man from Florida were arrested and charged with money laundering and conspiracy to defraud the United States. They’re accused of using their airport security clearance to … Continue reading »
Bitcoin OK for politics, with $100 limit
The Federal Election Commission on Thursday approved the use of the alternative currency Bitcoin for political contributions with limits of $100 per donor per election cycle. The 6-member panel voted unanimously to allow the contributions, a move that could open the floodgates for donors to make political contributions with the digital currency in the upcoming … Continue reading »
