Tag: money laundering

Written by FinCrime

Russia’s Oil Drilling Boom Proves Moscow’s Resilience to Western Sanctions

Reported by Bloomberg News Last year, the US sanctioned dozens of companies that produce drilling equipment and develop new production techniques, aiming “to limit Russia’s future extractive capabilities.” The European Union in 2022 imposed “comprehensive exports restriction on equipment, technology and services for the energy industry in Russia.” Two of the world’s largest oil-service providers — Halliburton Co. and Baker Hughes […]

Written by FinCrime

U.S. Offers Up to $10 Million Reward for Info on Hamas Financial Networks

Reported by U.S. Department of State The U.S. Department of State’s Rewards for Justice Program is offering a reward of up to $10 million for information leading to the disruption of financial mechanisms of the Foreign Terrorist Organization Hamas. Under this reward offer, the Department seeks information on Hamas financial facilitators Abdelbasit Hamza Elhassan Khair, […]

Written by FinCrime

Prosecutors accuse Rays shortstop Wander Franco of commercial sexual exploitation, money laundering

Reported by MARTÍN ADAMES ALCÁNTARA Dominican prosecutors on Wednesday accused Wander Franco of commercial sexual exploitation and money laundering following allegations that the Tampa Bay Rays shortstop had a relationship with a minor whose mother also faces the same charges. Prosecutors requested that a judge hold Franco on an $86,000 bond, bar him from leaving […]

Written by FinCrime

Governor Signs New York LLC Transparency Act into Law

By Robert A. Johnston Jr., Melissa L. Wiley, Paula A. Ladd, Samantha Sigelakis-Minski, Sara Lazarevic, and Stephanie Stephenson On Dec. 22, New York Governor Kathy Hochul signed the New York Limited Liability Company Transparency Act (“NY LLC Transparency Act”) into law.1 The NY LLC Transparency Act is modeled on the Corporate Transparency Act (“CTA”), a federal law aimed at tackling tax evasion […]

Written by FinCrime

Jeffrey Epstein’s elite circle was huge. What was the source of his $580m fortune?

Reported by Edward Helmore It has long been known that the disgraced sex offender Jeffrey Epstein operated at the center of a globe-spanning network of the rich, famous and powerful but the documents released Wednesday were nonetheless shocking in revealing the sheer magnitude of his elite circle. Through the prism of a defamation lawsuit involving allegations against […]

Written by FinCrime

Menendez Case Focuses on How Qatar Trades Its Riches for Clout

Reported by Vivian Nereim and Tariq Panja When Senator Robert Menendez arrived in Qatar in 2022 to attend the country’s lavish production of the men’s soccer World Cup, he gave an unusual interview to the authoritarian government’s news agency praising the progress that Qatar had made on labor rights. The tiny Gulf state was facing […]

Written by FinCrime

Jeffrey Epstein’s Flight Manifests and Black Book Released to the Public

Reported by Anonymous The flight manifests of Jeffrey Epstein’s private jet and the black book are an invaluable primary source of Epstein’s network available to the public. The flight manifests, available at https://www.epsteinsblackbook.com/flights, was used as evidence in a trial against him, and is as such a public document. His plane was dubbed the “Lolita […]