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A 2021 law designed to curb illicit financial activities in the United States has come into effect and requires both new and existing companies operating in the country to reveal who owns or ultimately controls them.
Organized Crime and Corruption Reporting Project
Institute Library Executive Director Jan Swiatek won't have to wake up in the wee hours of the morning for much longer to worry about rain pouring through…
Pirates of the Caribbean: the real Mehul Choksi story isn’t about honeytraps and spies, but the world’s greatest safe haven for crime Chanpreet Khurana © Chanpreet Khurana Pirates of the Caribbean: the real Mehul Choksi story isn’t about honeytraps and spies, but the world’s greatest safe haven for crime The negotiations, German intelligence officers listening in to the call learned, hadn’t been exactly business-like. “He gave me my watch back,” London businessman Hardip ‘Peter’ Virdee said, describing a meeting with Antigua’s energy minister, “and he ...
To embed, copy and paste the code into your website or blog: The U.S. Anti-Money Laundering Act of 2020 (AML Act) became law on January 1 when the United States Congress passed the broader National Defense Authorization Act for 2021 over a presidential veto. Although it is a U.S. law, it is critical that non-U.S. financial institutions, particularly those that rely on U.S. correspondent banking relationships or transact in U.S. dollars, understand how the AML Act will impact them—both directly and by shaping U.S. actors’ expectations for their foreign partners. In general, the AML Act aim...