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 »
Monthly Archives: May 2014
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 »
2 Banking Giants Implore U.S. Authorities to Go Easy
May 12 2014, By BEN PROTESS and JESSICA SILVER-GREENBERG Two of the world’s biggest banks, facing the threat of criminal charges, are mounting final bids for leniency. To avoid the fallout from pleading guilty — no giant bank has done so in more than two decades — BNP Paribas and Credit Suisse made last-ditch appeals … Continue reading »
Financial Warfare : “Highly Targeted Treasury Sanctions” Take Advantage of Globalization
Check out this Newsweek article, The Art of Financial Warfare: How the West Is Pushing Putin’s Buttons for some insight into just how effective the Western response to Russian involvement in Ukraine is. Continue reading »
