Menu Close

Articles on Money laundering

Displaying 1 - 20 of 40 articles

Vancouver has become a money-laundering haven. Can a public inquiry find solutions? Mike Benna/Unsplash

Why money laundering thrives on Canada’s West Coast

A public inquiry into money laundering underway in British Columbia holds out hope for reform, but the problems run deep.
The trouble with looking for transactions ‘consistent’ with ‘known’ patterns ‘indicative’ of child exploitation payments to countries with ‘known’ risks is that countless legitimate payments exhibit similar features. www.shutterstock.com

Westpac ticking every anti-money-laundering box wouldn’t make much difference to criminals

Anti-money laundering rules give the comfort of doing something, but prevent surprisingly little crime.
Westpac has its Annual General Meeting on December 12. “No doubt, there’ll be some very hard discussions between now and then,” Joshn Frydenberg said. JENNY EVANS/AAP

Josh Frydenberg turns up heat on Westpac chiefs as bank issues a ‘response plan’

The government at the weekend piled on more pressure for Westpac heads to roll over the bank’s money laundering scandal, with Treasurer Josh Frydenberg saying the affair had a long way to play out. “These…
A crucial problem with the global approach to anti-money laundering is the emphasis on demonstrating activity rather than results. Paul Miller/AAP

The global war on money laundering is a failed experiment

Anti-money laundering efforts are based on measuring activity, not results. To cut crime and terrorism, we need a frank conversation about where the system has gone wrong.
The New York district attorney dropped a financial fraud investigation of Ivanka Trump, left, and her brother, Donald Jr., right. AP/Seth Wenig

There’s a wider scandal suggested by the Trump investigations

The investigations into the financial dealings of Donald Trump and his associates join a growing body of evidence pointing to lax enforcement of certain high-level financial crime.
Trading for almost 150 years in Switzerland, BSI was brought down by the recklessness of its overseas operations. Karl Mathis/EPA

How a Swiss bank was toppled by a financial scandal in Malaysia – and what can be learned from it

The world's largest financial scandal has toppled a government, threatened a currency, and revealed deeply problematic failings at a buccaneering Swiss bank.

Top contributors

More