In a recent essay published on the Lioness platform, Yasser Elabd, a former executive with Microsoft, provides a richly detailed expose of misconduct by the…
Biden’s Budget Includes a Raft of AML Provisions
Increased defense spending and assistance to the Ukrainian government in Kyiv grabbed many of the headlines regarding President Biden’s fiscal year 2023 budget. However, funding…
Two Puerto Rican Executives Arrested on 92-Count Money Laundering Indictment
On March 31, 2022, a federal grand jury returned a 92-count indictment charging two individuals with conspiracy to commit bank fraud, bank fraud, aggravated identity…
Former Corsa Coal Exec Slapped with FCPA Charges over Egypt Bribes
If coal weren’t already dirty enough as an energy source, it’s also been an industry which has long attracted unlawful conduct abroad. On Thursday a…
‘Kleptocapture’ Initiative Aims to Close Corruption Loopholes
The U.S. Department of Justice created what it calls Task Force KleptoCapture, “an interagency law enforcement task force dedicated to enforcing the sweeping sanctions, export restrictions, and…
Crackdowns on Money Laundering Networks Are Delivering Dividends
What do the next 12 months look like regarding the rising focus on anti-money laundering (AML) regulations around the world? As surveillance by regulatory bodies…
Whistleblower Accuses Hertz of Using Police as ‘Repo Men’
Rental car company Hertz is under fire from lawmakers after hundreds of customers say they were pulled over by police and told the rental car…
Sens. Grassley and Warren Focus on Strengthening SEC Whistleblower Protections
Sens. Chuck Grassley (R-Iowa) and Elizabeth Warren (D-Mass.) have introduced legislation to strengthen whistleblower protections at the U.S. Securities and Exchange Commission (SEC). Their bipartisan…