When a bank like HSBC gets called on the carpet the dramatic economic effects shows up in several ways. I was interviewed about what this means, exactly, not just for the bank, but for the bank’s customers.
Kevin has been interviewed about what’s hot in the money laundering world.
For a second time in 2010, the Vatican finds itself under the magnifying glass as it again is the subject of a money laundering probe. Is the bank or a bank employee dirty? I don’t know. If this had been any other bank on the planet, this would never have received so much press and attention.
Money Laundering & Financial Crime in Virtual Worlds Interview with Kevin Sullivan. The following interview with Kevin Sullivan was conducted by Heather Desguin of the Florida Department of Law Enforcement, departments of Office of Statewide Intelligence and the Financial Crime Analysis Center. Can you explain the process of money laundering in a virtual world? U.S. currency (dirty money) can be …
Several of the readers have made inquires about the blog on Bulk Cash Smuggling. I have attached below several actual photographs of bulk cash smuggling incidents. Obviously, I have an obligation to not write about or show anything that could be considered an impediment to law enforcement’s efforts. Enjoy, be amazed, but don’t try this at home…. Hidden compartment located …
I was recently invited to do a podcast interview with BankInfoSecurity.com where we discussed the latest AML trends – including bulk cash smuggling. I also wrote a guest blog for BankInfoSecurity.com’s series “The Expert’s View” entitled How to Spot Bulk Cash Smuggling.
A very recent attempt at the very slick Black Market Peso Exchange method of laundering shows just how a company can be used to launder drug proceeds.
A federal grand jury in Louisville, KY indicted a former fire chief on charges that he embezzled and laundered $218,000 dollars earmarked for the Crusade for Children and embezzled $97,000 from the McMahan Fire District. Remember, fraud and money laundering are almost always joined at the hip.
The Bank of the Vatican has been accused of laundering $200 million USD by proxy through an Italian creditor. – I am really so happy that I do not have to investigate this. All those years of Catholic school would come back to haunt me. I can just picture Sister Mary Theresa slapping my hands with a yard …
FinCEN is issuing this final rule to amend the relevant Bank Secrecy Act (“BSA”) information sharing rules to allow certain foreign law enforcement agencies, and State and local law enforcement agencies, to submit requests for information to financial institutions.