Bipartisan Bill Would Make Russian Mercenaries Foreign Terrorists
A bipartisan coalition of U.S. House lawmakers has introduced legislation that would order the State Department to add Russian mercenary groups to its list of Foreign Terrorist Organizations (FTOs).
Western Trade Data Points to Trillions Lost to Deliberate Misinvoicing
Trade misinvoicing may have siphoned roughly $3.64 trillion in illicit value out of the Western hemisphere over the decade from 2013 to 2022, with annual “trade value gaps” climbing to a new high of about $473.2 billion in 2022, according to a new report by Global Financial Integrity (GFI).
How Dirty Crypto Gets Cleaned in a Gig Economy
Drug cartels and other criminal groups are increasingly using cryptocurrencies and a growing “gig” workforce of freelance brokers and couriers to launder cash and evade law enforcement, Bloomberg Businessweek reported.
HSBC and Barclays Face $12bn Lawsuit Linked to Epstein and Jersey Trust
HSBC and Barclays are facing a $12-billion civil lawsuit involving a now-defunct Jersey trust that has been linked in proposed U.S. legislation to the Jeffrey Epstein scandal, The Times reported.
Mayor of Ecuador’s Biggest Port City Accused of Money Laundering and Tax Evasion
The mayor of Ecuador’s largest port city was arrested Tuesday on charges of money laundering and tax evasion, as prosecutors widened a case that also swept up his brother and other members of his inner circle, the Associated Press said.
MONEYVAL Outlines Challenges in Curtailing Criminal Misuse of Crypto
The Council of Europe’s anti-money-laundering body on Tuesday published a new report on how criminals exploit crypto-assets to launder illicit proceeds, fund terrorism, and evade sanctions.
Stalled Corruption Case Ties El Salvador’s Leader to Suspect PDVSA Payments
El Salvador’s top prosecutor has effectively halted a money-laundering investigation into a Venezuela-financed oil venture whose funds flowed into bank accounts linked to President Nayib Bukele.
How AI is Helping Southeast Asian Crime Groups Fleece More Victims
Criminal syndicates operating scam centers in Southeast Asia are adopting inexpensive artificial-intelligence tools to widen their reach and keep operations running even as governments intensify crackdowns, senior Interpol officials told Bloomberg.
Global Anti-Corruption Fight Seen as Weakening in 2025
The fight against corruption is seen as weakening across the globe in 2025, with “bold, accountable leadership” in decline, according to Transparency’s International’s newly released Corruption Perceptions Index (CPI).
Colombia’s Top Prosecutor is Planning to Prosecute Ecopetrol President
Colombia’s Attorney General’s Office said Monday it will file corruption charges against Ecopetrol President Ricardo Roa, alleging misconduct tied to his role as finance manager for President Gustavo Petro’s 2022 campaign and to contracting decisions at the state-run oil company, the Associated Press said.