The Council of the European Union’s AMLD, a directive that sets out AML/CFT requirements for all EU member states, has been amended several times to reflect the changing risks of money laundering and terrorist
A 2021 task force report on the National Risk Assessment on Money Laundering and Terrorism Financing said this geo-positioning, trade inter-connectedness and high fintech use has increased the country’s vulnerability to money laundering and terrorism financing....
On occasion, the DOJ has prosecuted bribe-taking foreign officials for money laundering. And more recently, Members of the U.S. Congress have introduced a new bill, the Foreign Extortion Prevention Act (FEPA), which would make it a crime under U.S. law for a foreign public official to ...
2019. Anti-Money Laundering: An Inquiry into a Disciplinary Transnational Legal Order Transnational Legal Order. UC Irvine Journal of International, Transnational, and Comparative Law 4 (1): 1–25. Google Scholar Hill, Annie. 2016. How to Stage a Raid: Police, media and the master narrative...
But the bigger problem with golden visa programs is their potential to both facilitate and stimulate corruption and money laundering. This problem, which was highlighted both by the TI-Global Witness report mentioned above, as well as another report from the European Commission, takes several forms...
A series of groundbreaking indictments of numerous FIFA officials for wire fraud, racketeering, and money laundering by United States prosecutors, starting from 2015, led to multiple convictions, and revealed the widespread bribery involved in the awarding of 2010 World Cup hosting rights to South ...
(1) the act of concealing, disguising, or receiving the proceeds of foreign-bribe-related crimes is punishable as a money laundering crime (Articles 3 and 4 of the ACPC); (2) the said proceeds, a property acquired through bribery, or the equivalent value of the property may be confiscated...