All the latest investigative reporting and commentary on money laundering activities.
Staff say they can’t authorize any transactions. Clients can’t open accounts. But the newcomer remains in suspended animation at the center of a political tussle.
Eswatini’s king professed to have a bold plan for a thriving economic zone. ICIJ uncovered two phantom gold refineries channeling millions of dollars to Dubai through it.
Swazi Secrets exposes the role the tiny kingdom of Eswatini, the last absolute monarchy in Africa, may have played in the regional illicit economy.
Twenty-seven people face money laundering charges in the long-delayed hearing at a courtroom in Panama’s Gil Ponce Palace of Justice.
A new probe reveals how a murky network linked to the Moscow-based crypto exchange appeared after the mysterious 2020 death of a founding shareholder.
The watchdog, set to launch in 2025, will lead a European push to curb illicit financial flows.
A new rule would close a loophole Treasury warns is exploited by bad actors using ill-gotten cash to anonymously buy residential properties.
ICIJ-led investigation Cyprus Confidential reveals how the EU member state powered the Kremlin’s financial machine, moving vast sums for oligarchs, including after Russia’s 2022 Ukraine invasion.
The United States’ reputation as a hub of financial secrecy has attracted criminals from around the world, including those profiting from the destruction of the Amazon.
A decade of fresh data shows only a handful of cases were brought against financiers for ignoring money laundering red flags, while few “wealthy” people faced criminal consequences for tax fraud last year, according to new reports.
A new Europol report has found that 70% of criminal enterprises are utilizing money laundering techniques to hide wealth and garner assets, outpacing authorities who are struggling to uncover their crimes.
The pretrial detention of banking and media tycoon Ihor Kolomoisky comes as Ukraine pledges to root out corruption.
Dutch news outlet Follow the Money found more than 50 STAKs, legal structures used to disguise assets and avoid scrutiny, in the Pandora Papers.
A new state bill modeled on the federal Corporate Transparency Act aims to expose company owners and share the information in a publicly searchable database.
The U.K. continues to lead the so-called “axis of tax avoidance,” which drains an estimated $151 billion from global coffers through corporate profit shifting, a new report found.
The incoming director of the federal financial crimes unit faces an uphill battle to deliver reforms to thwart illicit money flows amid warnings the agency’s corporate ownership database is not fit for purpose.
Experts warn loopholes that allow suspect donations to flow into politics put the country’s elections at risk of foreign inference.
The American Bankers Association’s criticism is the latest setback for the U.S. Treasury as it attempts to set up a company ownership database.
Horacio Cartes and Ricardo Martinelli’s offshore dealings were featured in ICIJ’s Pandora Papers.
Lawmakers are hopeful that the legislation, introduced last year in the wake of the Pandora Papers, will be passed through alternative means.
After ICIJ’s FinCEN Files investigation, transparency advocates cheered a new law mandating a beneficial ownership register in the U.S. Two years later, experts are expressing serious concerns.
French financial authorities are looking into Andrej Babis’ acquisition of a lavish property on the French riviera through offshore companies ー a $22 million deal first revealed by ICIJ and media partners.
The Enablers Act, included in the annual defense bill, was first proposed shortly after ICIJ’s Pandora Papers investigation exposed widespread exploitation of lax financial disclosure rules in the U.S.
In his new book “What’s the Matter with Delaware?” former Financial Times reporter Hal Weitzman explores the tiny state’s massive role in global financial secrecy.
Proposed in the wake of the Pandora Papers, the Enablers Act requires trust companies, lawyers, art dealers and others to vet clients seeking to move money and assets into the American financial system.