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Davies: Pass FEND Off Fentanyl to fight opioid crisis
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Davies: Pass FEND Off Fentanyl to fight opioid crisis

As the U.S. opioid crisis spirals further out of control, and threatens to engulf Europe, the U.S. government has been scrambling in recent weeks for solutions. Some are sensible, if misguided, such as the Biden administration’s “fentanyl strike force” within the Treasury Department to aggressively scrutinize the finances of suspected narcotics dealers. Others, such as...

I Study Economic Crime and Hang Out With Mexican Cartels
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I Study Economic Crime and Hang Out With Mexican Cartels

Bertrand Monnet is a professor, but his field work and research is a little… unusual. Bertrand Monnet is a professor of economic crime at EDHEC Business School in Lille, France. But he’s not like the professors you had at university, quietly sinking five pints of ale in the local each night before plodding off home to watch Blackadder repeats....

Two more convictions in £100 million ‘cash in suitcases’ conspiracy
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Two more convictions in £100 million ‘cash in suitcases’ conspiracy

Two men from London have become the fifteenth and sixteenth members of a £100m+ money laundering network to be convicted, following a major National Crime Agency investigation into cash smuggling from the UK to the UAE. Guilty verdicts were returned yesterday (11 January) on Ali Al-Nawab, 40, from Golders Green, London, and Mehdi Amrollahbibiyouki, 41,...

NEWS: ‘Greylisted’ UAE makes ‘substantial donation’ to body representing police FIUs globally
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NEWS: ‘Greylisted’ UAE makes ‘substantial donation’ to body representing police FIUs globally

By ALISHA HOULIHAN for AML Intelligence GREYLISTED UAE has made a “substantial donation” to the funding of the body representing the world’s police Financial Intelligence Units (FIUs). The Egmont Group of FIUs represents most of the main FIUs and held its most recent annual conference at a glittering venue in Abu Dhabi. Today (Wed) the...

The secret banking system for crime bosses
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The secret banking system for crime bosses

Our second series investigates the rise and fall of a Dubai-based super cartel. The Financial Times’ award-winning podcast series Hot Money is back. In this series our reporter Miles Johnson investigates a mysterious murder in a small town that leads to a web of drugs, money laundering and state-sponsored assassinations stretching from Dublin to Dubai....

Dubai Connection: How to Launder Fifty Million Dollars
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Dubai Connection: How to Launder Fifty Million Dollars

VIDEO INVESTIGATION For two years, Bertrand Monnet, a professor at Edhec and specialist in the economics of crime, filmed all the stages of the business model of the Sinaloa cartel in Mexico for “Le Monde”. In this third episode, we go to Dubai with the “narco” and their financial advisors to learn how to launder...

Why ‘Following the Money’ Isn’t Enough to Stop Organised Crime Anymore
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Why ‘Following the Money’ Isn’t Enough to Stop Organised Crime Anymore

The way many organised crime gangs launder their cash has become so hard to trace that following the money “gets you absolutely nowhere”, according to the UK’s National Crime Agency. When they are not using major high street banks as giant drug cash laundromats, organised crime groups such as drug traffickers are increasingly using international networks of...

Can the Emirates Divorce Themselves of Putin?
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Can the Emirates Divorce Themselves of Putin?

Much like Transnistria, Abkhazia, South Ossetia, and Nagorno-Karabakh, the war in Ukraine is now another “frozen conflict” derived from the fall of the Soviet Union. What the Kremlin calls its “near abroad,” is now an escalating proxy war between two nuclear superpowers. Dangerous stuff we have here. As global diplomats look for a path forward...

The Luxury Looting Web: How Malaysia’s Ex-PM and UAE Royalty Plundered Billions
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The Luxury Looting Web: How Malaysia’s Ex-PM and UAE Royalty Plundered Billions

The  new documentary titled “Man on the Run” explores the massive 1MDB scandal, where billions vanished from Malaysia’s sovereign wealth fund. At the center was Malaysian businessman Jho Low, the fugitive accused of masterminding the historic fraud. But Low had help from the highest ranks of government and society. The film features interviews about Low’s...

UAE suspends Emirates Gold over money laundering allegations
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UAE suspends Emirates Gold over money laundering allegations

On Friday, the London Bullion Market Association, which regulates the United Kingdom capital’s metals market, suspended Emirates Gold DMCC’s affiliate membership after conducting a review.  Two of the ultimate beneficial owners of Emirates Gold are relatives of Zimbabwean businessmen Simon Rudland and Howard Baker, according to Bloomberg sources familiar with the UAE decision.  A documentary...