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Central Africa: Criminals Use Money Transfers to Move Cash
International Consortium of Investigative Journalists, 13 October 2020
How companies like Western Union and MoneyGram play a hidden role in laundering cash from around the globe. Read more »
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Africa: Across Africa, Journalists Reveal Secrets of the Rich
International Consortium of Investigative Journalists, 7 October 2020
ICIJ partners investigated suspicious transactions linked to prominent politicians, arms companies, the ivory, gold and diamond trades, and more. Read more »
How Criminals Move Their Money Around the World
More than 2,600 records obtained by BuzzFeed News and shared with the International Consortium of Investigative Journalists show that banks, money transfer companies and other financial institutions have moved vast amounts of money for people accused of corruption and other crimes, often long after allegations were first made public.
The International Criminal Court ruled in a trial of Jean-Pierre Bemba Gombo, former vice president of the DR Congo, that he bribed witnesses using the world's largest money transfer companies.
InFocus
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Every year, an estimated U.S.$88.6 billion, equivalent to 3.7% of Africa's GDP, leaves the continent as illicit capital flight, according to UNCTAD's Economic Development in Africa ... Read more »
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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 ... Read more »
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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 »
