Banks Articles

Recent Article Suggests U.S. Cash Flows to Iraqi Dollar Auction Inadvertently Supports Bad Actors

The New York Times Magazine published an article last week covering what the author calls the Iraqi kleptocracy — a structure unintentionally reinforced by a yearly injection of cash from the United States into Iraq’s banking sector. In light of this reporting, we are...

Company Linked to Alleged Covid-19 Relief Fraud Maintains Several Trade Names in Florida

Federal prosecutors filed a criminal complaint last Friday against a Florida-based businessman, alleging that he fraudulently obtained close to $4 million from a government-sponsored coronavirus relief program. David Tyler Hines controlled four South Florida-based...

Jordanian Businessman Implicated in Corruption Scheme Maintains Vast Real Estate Network in the UK

Popular protests and the Jordanian government’s recent actions targeting high-ranking officials accused of corruption have led to renewed interest in the case of Walid Ismael Najam Al-Din Al-Kurdi. The Jordanian-British businessman was charged in a corruption scheme...

Contracts to Ghosts in Guanajuato: The Ongoing Struggle to Rein in ‘Ghost’ Companies in Mexico

A report published earlier this year uncovered that various government agencies, public educational institutions, and autonomous organizations from the central Mexican state of Guanajuato awarded over $8 million in contracts in the last five years to shell companies...