Banks Articles

Lebanon’s Distributors Database Provides Insight Into Third-Party Risk

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...

Known Associate of Prominent Brazilian Money Launderer Maintains Corporate Network Spanning Four Countries

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...

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...