News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Anonymous companies have attracted much attention in the past couple of years, and for good reason. These companies are used to facilitate a number of crimes, including corruption, money laundering and the trafficking of arms, drugs and humans.… Continue Reading
Secretary of State John Kerry will attend the London Anti-Corruption Summit on May 12The massive leak dubbed the Panama Papers has given the UK Anti-Corruption Summit on May 12 an unexpected boost.… Continue Reading
Following the release of the Panama Papers and the public outrage that followed, we at Transparency International-USA have set up a web page to explain anonymous companies and how they affect ordinary people in the United States.… Continue Reading
Documents leaked Sunday from a Panama law firm showed alleged use of anonymous shell companies by world leaders, politicians and others to shield billions of dollars from public view.
The Washington, DC-based International Consortium of Investigative Journalists (ICIJ) published more than 10 million records from the Mossack Fonseca law firm.… Continue Reading
The World Bank’s board of executive directors Tuesday approved “a once-in-a-generation” reform package for procurement in projects financed by the Bank.
In the new Procurement Framework, the World Bank said its management “will examine options to collect, and make available the beneficial ownership information for legal entities participating in Bank-financed procurements.”… Continue Reading
Transparency International-USA along with Transparency International, Global Witness, the Open Contracting Partnership, Oxfam, Save the Children and 101 other organizations sent a letter to the World Bank Monday asking the Bank to collect and disclose the identity of all legal entity bidders on Bank-financed contracts.… Continue Reading
Transparency International-USA sent a letter to the U.S. Treasury Department Tuesday, endorsed by 17 civil society groups, asking for due diligence requirements for professionals in the real estate sector.
TI-USA said millions of dollars are spent in the United States on luxury property by people who hide behind anonymous companies.… Continue Reading
Mt. Gox, formerly the world’s biggest bitcoin exchange, received temporary U.S. bankruptcy protection on Monday that stopped some of the fraud litigation filed against the company.
Federal District Court Judge Harlin Hale in Dallas bankruptcy for Japan-based Mt.… Continue Reading
The DOJ announced a guilty plea Tuesday by a check-cashing company and its owner for processing $19 million in transactions that were used to set up sham businesses.
Books and records relating to a firm’s anti-money laundering (AML) program — much like those used to comply with the FCPA’s recordkeeping requirements as mandated by the SEC — can be reviewed by the SEC, DOJ or state examiners in regulatory investigations.… Continue Reading
As the G8 leaders meet in Northern Ireland today and tomorrow, it is important that they make strides on two key anti-corruption issues: (1) Ensuring public officials and their relatives cannot cloak their identities and the source of their corrupt funds by using anonymous corporations and (2) Ensuring that extractive wealth fuels development rather than corruption and poor governance.… Continue Reading