Banks Articles

Peru’s Fishing Industry Involved in Laundering Money through GTO-Covered Miami Beach

An alleged money laundering scheme carried out by a family network based in Peru underscores how the Peruvian fishing industry has become a viable channel to clean illicit proceeds from a variety of predicate crimes. The network — composed of several immediate family...

Lebanese Distributors Possible Re-Exporting US Products to Sanctioned Jurisdictions

The Lebanese Ministry of Economy and Trade maintains a publicly available, electronic database documenting contracts between international companies and Lebanese third-party distributors. Details show that some Lebanese distributors are possibly re-exporting American...

Operation Car Wash: Messer’s Money Laundering Network Involves a Web of Investment Companies in the US and Across Latin America

A federal court in Rio de Janeiro recently approved the cooperation agreement of one of Brazil’s most prominent money launderers — Dario Messer. While the deal may signal the end of Messer’s criminal case in Brazil, the extent of his money laundering network — which...

Bahrain Sentences Three Central Bank of Iran Officials for Money Laundering

Bahrain’s High Criminal Court charged three bank officials last week to five years in prison, respectively, for their involvement in a money laundering case tied to the Central Bank of Iran and other Iranian banks, according to the Bahrain News Agency. The Court also...