Tag Archives | anti-money laundering
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The FATF report on the USA: More roof than holes on average

5 December 2016 in Access to information, Americas, beneficial ownership, Financial Integrity, Impunity, Politics and government, Private sector

You arrive in a new city on a rainy day and check into your top floor hotel room, only to find the roof is leaking. When the receptionist comes to check, he looks up and says, “I don’t see what the problem is, madam. There is clearly more roof than holes on average.” This has […]

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Why are three of the world’s richest countries doing so little to stop corruption?

18 October 2016 in Politics and government

One of the best-known data points in the anti-corruption field is the estimate from Global Financial Integrity that US$ 1.1 trillion in proceeds of corruption, crime and tax evasion are taken from developing countries every year and invested in Western banks, real estate, and luxury goods.  The volume of illicit financial flows is higher than […]

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The real reason banks aren’t stopping dirty money

3 December 2015 in Financial Integrity, Impunity, Private sector

Last week, Barclays bank was fined £72 million (US$110 million) by the UK authorities for failing to use anti-money laundering checks on a prominent customer, the bank’s seventh financial penalty in the last six years. This time Barclays did not carry out the proper background checks on unidentified senior foreign political figures or their family […]

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Football needs tough anti-money laundering rules

18 September 2015 in Financial Integrity, Sport

With the summer ending, football all over Europe is in full swing. The highest player transfer dealings in history have closed and this week the group stage of the UEFA Champions League, one of the world’s richest football competitions, has just kicked off. Yet transparency remains weak in this increasingly rich sector and as a result, […]

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El lavado de dinero: un tema clave que no puede dejarse sólo a los expertos

21 October 2014 in Accountability, Anti-corruption movement, Civil society, Cost of Corruption, Events, Impunity, Miscellaneous, People power, Politics and government, Private sector

A partir de mañana (Oct. 22) un grupo de representantes de gobiernos y expertos que pertenecen al Grupo de Acción Financiera (GAFI) – la Organización líder en materia de políticas contra el lavado de dinero a nivel global – se encontrará en París. La agenda  incluye la adopción de un documento sobre un tema de […]

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Money-laundering: too important to leave to the experts alone

21 October 2014 in Accountability, Anti-corruption movement, Civil society, Cost of Corruption, Events, Impunity, Politics and government, Private sector

Starting tomorrow a group of government officials and experts belonging to the world’s leading anti-money laundering organisation – the Financial Action Task Force (FATF) – will be meeting in Paris. On the agenda is the adoption of a document on an issue that has major implications for the fight against crime, corruption and tax evasion […]

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Anti-money laundering: In pursuit of the hidden owners

21 January 2013 in Anti-corruption movement, Europe and Central Asia, Politics and government

This text was crossposted from Transparency Internarional EU’s blog. The author is Neil Clark. On 10 January, advocates from the Transparency International EU Office attended a presentation unveiling the results of Project BOWNET. Carried out with financial support from the Prevention of and Fight against Crime Programme of the European Union, the project aimed at understanding the feasibility of developing an intelligent system able […]

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