Day: March 11, 2024

Written by FinCrime

Experts Say Drug Cartels Launder Illicit Profits Through US Private Sector

Reported by HENRY POPE While synthetic opioids claim tens of thousands of American lives every year, illicit fentanyl and money laundering converge in a shadowy underworld that thrives thanks to enablers exploiting loopholes in U.S. anti-money laundering laws not seen elsewhere in the West. Transnational organized crime figures launder the blood money through professionals exploiting […]

Written by FinCrime

US Treasury official pushes Lebanon to halt flow of funding to Hamas

Reported by Naharnet Newsdesk A top U.S. Treasury official visiting Beirut this week pressed Lebanese authorities to prevent funds from being funneled to Hamas by way of Lebanon, officials said. Jesse Baker, deputy assistant secretary of the Treasury for Asia and the Middle East in the Office of Terrorist Financing and Financial Crimes, met with […]