A comprehensive Senate Finance Committee investigation led by Senator Ron Wyden uncovered massive financial evidence demonstrating Jeffrey Epstein’s complex international money laundering and trafficking operations. The Treasury Department’s analysis revealed over 4,725 wire transfers …
Senate Finance CommitteeRon WydenTreasury DepartmentJeffrey EpsteinRussian banks+3 morejeffrey-epsteinrussian-oligarchsmoney-launderinghuman-traffickingsenate-investigation+4 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
The ICIJ/BuzzFeed ‘FinCEN Files’ exposed a massive global banking corruption investigation, revealing over $2 trillion in suspicious financial transactions across 200+ banks between 1999-2017. The leaked 2,657 documents, including 2,121 Suspicious Activity Reports (SARs), showed systemic …
Esteban Castano and Rahul Raina found TRM Labs in San Francisco, creating a blockchain intelligence platform designed to help government agencies, financial institutions, and cryptocurrency businesses detect and investigate crypto-related fraud and financial crime. The company enters a rapidly …
Deutsche Bank paid $630 million to U.S. and UK regulators for facilitating $10 billion in
Russian money laundering through “mirror trades” from 2011-2015. The scheme converted rubles
to dollars through sham stock trades between Moscow and London offices. During this same
period, Deutsche …
Deutsche BankDonald TrumpJared KushnerNew York Department of Financial ServicesUK Financial Conduct Authoritymoney-launderingrussian-moneydeutsche-bankmirror-tradesfinancial-crime
Michael Gronager, Jonathan Levin, and Jan Møller found Chainalysis in late 2014, creating the first startup dedicated to Bitcoin tracing for government agencies and financial institutions. The company emerges from Gronager’s work investigating the Mt. Gox cryptocurrency exchange collapse, …
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
Elliptic is founded in London by Adam Joyce, Tom Robinson, and James Smith, becoming the first company to develop cryptoasset anti-money laundering and sanctions compliance tools based on blockchain analytics. The company pioneers the application of blockchain forensics to track illicit …
HSBC paid $1.9 billion for laundering money for Mexican drug cartels and violating sanctions against Iran, Libya, Sudan, and Cuba, but no executives faced criminal charges despite overwhelming evidence of intentional wrongdoing. The bank laundered at least $881 million for the Sinaloa and Norte del …
HSBCLanny BreuerDepartment of JusticeMexican Drug CartelsEric Holder+1 moremoney-launderingtoo-big-to-jaildrug-cartelsfinancial-crimeimpunity
Wells Fargo employees begin a systematic scheme to create unauthorized bank and credit card accounts, ultimately affecting 3.5 million customer accounts over five years. Driven by aggressive sales targets and compensation incentives, employees open accounts without customer consent, forge …
Enron filed for bankruptcy on December 2, 2001, marking the largest corporate bankruptcy in U.S. history at the time, with $63.4 billion in assets. The collapse revealed extensive corporate fraud orchestrated by CEO Kenneth Lay and President Jeffrey Skilling, who manipulated financial statements and …
EnronKenneth LayJeffrey SkillingDick CheneyGeorge W. Bushenronbankruptcycorporate-fraudcorruptionfinancial-crime+2 more
Agha Hasan Abedi established the Bank of Credit and Commerce International (BCCI) in Luxembourg, creating an international bank with initial capital from Bank of America and Sheikh Zayed bin Sultan Al Nahyan. BCCI rapidly expanded to become the seventh-largest private bank in the world before being …
Agha Hasan AbediSheikh Zayed bin Sultan Al NahyanBank of Americabankingfinancial-crimeinternational-bankingmoney-launderingregulatory-capture