The hottest Money Laundering Substack posts right now

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EXCLUSIVE: Fani Willis Campaign Funds Appear To Be Money Laundering Scheme

Emerald Robinson’s The Right Way • 4107 implied HN points • 10 Feb 24
🇺🇸 U.S. Politics Campaign Finance Money Laundering
  1. The Fani Willis campaign funds are suspected to be involved in illegal money laundering called 'smurfing'.
  2. There are concerns raised about individuals unknowingly used to make campaign donations, which is structured as money laundering in politics.
  3. Over $160,000 worth of suspicious donations have been identified in the Fani Willis campaign, all through the illegal 'smurfing' method.

How North Korean Workers Tricked U.S. Companies into Hiring Them and Secretly Funneled Their Earnings into Weapons Programs

Zero Day • 1319 implied HN points • 20 Oct 23
🌍 World Politics North Korea Money Laundering Sanctions
  1. North Korean IT workers tricked US companies into hiring them to secretly funnel money to North Korean weapons programs.
  2. They used elaborate methods to conceal their identities, such as fake profiles, stolen documents, and VPNs.
  3. The FBI discovered the scheme, seized funds, and warned that North Korean activity is still ongoing.

Unravelling the Magic of Shell Companies

False Positive • 39 implied HN points • 15 Jan 24
💰 Finance Money Laundering Regulation Transparency
  1. Investigating money laundering involves challenges such as identifying individuals, tracing illicit proceeds, and facing budget limitations in law enforcement.
  2. Beneficial ownership data is crucial in uncovering complex money laundering schemes involving shell companies that obscure the true owners and facilitate criminal activities.
  3. The new Beneficial Ownership Information (BOI) Database in the U.S. aims to enhance law enforcement capabilities by providing direct access to company ownership information, simplifying investigations and possibly reducing compliance costs for financial institutions.

Binance and the Trojan Horse

False Positive • 39 implied HN points • 27 Nov 23
💰 Finance Cryptocurrency Regulation Money Laundering Compliance Financial Institutions
  1. Nested accounts play a crucial role in facilitating financial crime by providing anonymity and allowing funds to move across borders through complex networks.
  2. Financial institutions and regulators face challenges in monitoring nested accounts and ensuring compliance with anti-money laundering regulations, risking involvement in criminal activities.
  3. Intermediaries like nested accounts in the crypto world increase regulatory control but also create complexities that could make it harder to detect and prevent financial crimes.

Europe's Financial Crime Hunters

False Positive • 19 implied HN points • 21 Dec 23
💰 Finance Money Laundering Financial Markets Regulations Surveillance
  1. ACER, an EU agency, functions as supranational detectives to monitor energy markets in all member states and detect international manipulation.
  2. Energy market liberalization created opportunities for financial crimes like manipulation through financial contracts rather than actual energy trading.
  3. The EU is establishing AMLA to combat cross-border money laundering, introducing a supranational monitoring system to address weaknesses in the current national-level approach.
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Alert: Central Bank of Nigeria Circular FPR/AML/CON/BOF/006/002

RegAlert • 0 implied HN points • 10 Feb 21
💰 Finance Regulatory Compliance Money Laundering
  1. Financial institutions in Nigeria must accept Machine Readable Convention Travel Documents and Refugee Identification Cards as valid means of identification for banking transactions.
  2. Effective customer due diligence policies and procedures are necessary for combating money laundering, terrorism financing, and the proliferation of weapons of mass destruction.
  3. The Circular FPR/AML/CON/BOF/006/002 from the Central Bank of Nigeria highlights the importance of compliance and vigilance in the financial sector.

Alert: Central Bank of Nigeria Circular FPR/DIR/PUB/CIR/002/002

RegAlert • 0 implied HN points • 08 Dec 23
💰 Finance Banking Regulations Compliance Money Laundering
  1. Financial institutions in Nigeria need to collect evidence of registration with SCUML from Non-Profit Organizations before starting a business relationship.
  2. Banks and financial institutions must update their customer account information according to the new requirement.
  3. The Circular FPR/DIR/PUB/CIR/002/002 outlines the additional Know Your Customer requirement for NPOs in Nigeria.