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 »
Monthly Archives: March 2014
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 »
Cayman Islands a Major Money Laundering Country According to the 2013 INCSR
The State Department’s International Narcotics Control Strategy Report (INCSR) is listing the Cayman Islands as a major money laundering country in its most recent release. Most of the money laundering is in connection with drug trafficking and fraud. See more here. Find the full INCSR here. Continue reading »
