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Africa: How 'Dirty Gold' Enables International Money Laundering
International Consortium of Investigative Journalists, 21 September 2020
After three years of digging, investigators in the United States had accumulated a mountain of evidence that they believed sealed the case against Kaloti Jewellery Group, one of… Read more »
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Namibia: Payments to Namibian Firm Flagged in U.S.
Namibian, 21 September 2020
"For us, it is like operating a taxi ... we do not perform due diligence on clientele as charters are ad hoc and we operate within the realm of regulations ... with safety first… Read more »
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Nigeria: #Fincen Files - U.S. Places Atiku, Wives, Under International Banking Surveillance
Premium Times, 21 September 2020
It was the link with Atiku that triggered suspicious activity alert through HBNLY's transaction system Read more »
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Liberia: Leaked Documents Shows Million Illegaly Transfered to Foreign Banks
Liberian Observer, 20 September 2020
The leaked documents include more than 2,100 suspicious activity reports filed by banks with the U.S. Department of Treasury's Financial Crime Enforcement Network. Read more »
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Malawi: Former President Joyce Banda Named in U.S. 'Dirty Money' Report
Nyasa Times, 21 September 2020
Former president Joyce Banda appears in the US FinCEN files which have revealed how some of the world's biggest banks have allowed criminals to move dirty money around the world as… Read more »
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Congo-Kinshasa: North Korea Busts Global Sanctions via Bank in DR Congo
The Sentry, 19 August 2020
Evading the international sanctions designed to disrupt its nuclear weapons program, North Korea exploited vulnerabilities in certain parts of the banking sector of the Democratic… Read more »
The FinCEN Files - How Global Banks Launder Money in Africa
Secret U.S. government documents reveal that global banks have defied money laundering crackdowns by moving staggering sums of illicit cash for shadowy characters and criminal networks that have spread chaos and undermined democracy in Africa and around the world. The International Consortium of Investigative Journalists (ICIJ) says records show that five global banks - JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon - kept profiting from powerful and dangerous players even after U.S. authorities fined these financial institutions for earlier failures to stem flows of dirty money. The documents, called "suspicious activity reports", were obtained by BuzzFeed News and shared with ICIJ and 108 media partners as part of the FinCEN Files investigation. Several African countries have been named in the investigation.
InFocus
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The European Commission has added Botswana, Ghana, Mauritius, and Zimbabwe to a new list of countries that pose financial risks to the European Union due to anti-money laundering ... Read more »
