Investigation and Analysis of Organized Crime
Home Tags Money Laundering

Money Laundering

/

After Money Laundering Probe, Mexico HSBC Branch to Close Cayman Islands Accounts

The Mexican branch of British-based bank HSBC will close about 20,000 accounts in the Cayman Islands believed to have links to organized crime, after a US Senate...
/

HSBC Exposed US to Mexican Drug Money: Senate

A US Senate report found that Mexican drug cartels were able to launder billions of dollars through HSBC bank due to weak internal controls and a lack of action by...
/

US Treasury Points to Hezbollah Presence in LatAm

The US Treasury Department has blacklisted four Venezuelan and Lebanese men under the Kingpin Act for supporting an international drug trafficking and money...
/

Uruguay Unveils Anti-Money Laundering Plan

Uruguay's new anti-money laundering plan is likely intended to help restore international confidence in the the country's financial system, which is closely linked...
/

Zetas Used Horse-Breeding Company to Launder Money in US

In a worrisome display of a drug cartel’s ability to hide illicit funds in the United States, Mexico’s Zetas laundered millions of dollars in drug profits through...
/

Stricter Law May Spell Trouble for Brazil’s Money Laundering Politicians

A bill recently approved by the Brazilian Senate expands the definiton of money laundering, and may make it easier to prosecute government officials guilty of the...
/

Arizona is Money Laundering Hub for Mexican Cartels

A border official has claimed that more than half of the drug cash seized by border officials on the United States' southwestern border in 2011 came from Arizona,...
/

Mexico Cartels Stealing Gold to Launder Drug Money

Mexican authorities say that, since 2008, criminal gangs have robbed so many trucks carrying gold shipments that some mining companies have been forced to switch to...
/

Peru Breaks Up Shining Path ‘Money Laundering Ring’

Peruvian authorities have charged 19 members of the extended family of the Quispe Palomino brothers, who head the Shining Path rebel group, with laundering drug...
/

‘Organized Crime Laundered $10 Bn in Mexico in FY2011’

Mexico’s Ministry of Finance says organized crime may have laundered up to $10 billion last year, much of it profits from drug trafficking. But understanding the...
/

Giving the Green Light to Dirty Money: Guatemala

In Guatemala, dirty money leaves the country in tourist class, in the luggage of hundreds of men and women recruited by criminal organizations that export bills of...
/

Guatemalan Money Smuggler Swallows $50,000

Police in Guatemala have arrested a man attempting to leave the country with nearly $50,000 concealed in his stomach, a tactic that officials say is becoming an...