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 »
Category Archives: General
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 »
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 »
