The U.S. Treasury Department published its first-ever comprehensive risk assessment of NFTs for illicit finance, determining that bad actors can exploit NFT platforms for money laundering, terrorist financing, and proliferation financing. The report highlights techniques including overpaying for …
Treasury DepartmentFinCENnftmoney-launderingtreasuryrisk-assessmentfinancial-crimes+2 more
On September 20, 2020, BuzzFeed News and the International Consortium of Investigative Journalists (ICIJ) published the FinCEN Files, exposing over $2 trillion in suspicious financial transactions between 1999 and 2017. The investigation, involving 2,657 leaked documents and 2,121 suspicious …
FinCENBuzzFeed NewsInternational Consortium of Investigative JournalistsJason LeopoldDeutsche Bank+7 moremoney-launderingbankingfinancial-crimeregulatory-failuresuspicious-transactions+4 more
BuzzFeed News and the International Consortium of Investigative Journalists published the FinCEN Files, revealing more than $2 trillion in suspicious banking transactions reported to the U.S. Financial Crimes Enforcement Network between 1999 and 2017. The files contained over 2,100 Suspicious …
FinCENBuzzFeed NewsInternational Consortium of Investigative JournalistsDeutsche BankHSBC+4 moremoney-launderingbankingfinancial-crimeregulatory-failuresuspicious-transactions+2 more
By 2014, anonymous Limited Liability Companies (LLCs) and shell companies had become the primary infrastructure enabling Russian oligarchs and other kleptocrats to launder an estimated $300 billion or more annually into US real estate. Unlike most developed nations, the United States imposed no …
US TreasuryFinCENRussian OligarchsUS real estate industrymoney-launderingrussian-oligarchsreal-estateshell-companiesfincen+3 more