Oct 18, 2024
TD Bank hit with $3B penalty in U.S. money laundering settlement
Attorney General Merrick Garland said the Canada-based bank “created an environment that allowed financial crime to flourish.”
Money Laundering
All the latest investigative reporting and commentary on money laundering activities.
Oct 15, 2024
Police operation targeting Brazil’s largest criminal organization uncovers Panama Papers link
A police report obtained by ICIJ partner Agência Pública claims an offshore company created by Mossack Fonseca in 2012 is part of a cluster of firms that allegedly laundered money from drug trafficking.
Sep 09, 2024
Wiretaps suggest Tate brothers used offshore account to conceal webcam profits as fresh allegations emerge involving minors
A new criminal case shines a fresh spotlight on the brothers' tactical use of multiple banks following earlier revelations by ICIJ about their secretive finances.
Aug 20, 2024
US lags on financial transparency compared to other developed nations, researchers say
A new global study mapping illicit financial flows reveals Dubai and Hong Kong are now dirty money hotspots, while the U.S. is becoming a go-to destination for banking bribes.
Aug 13, 2024
Former Czech leader’s secret French estate, revealed in Pandora Papers, listed for sale
The luxury Riviera property featured in ICIJ’s investigation into then-Prime Minister Andrej Babis’ secret offshore dealings, and is now part of a money laundering probe by French authorities.
Aug 05, 2024
New US Treasury plan targets criminal groups profiting from the destruction of the Amazon
A group of six countries has agreed to work together to shut down money laundering operations tied to logging, mining and wildlife harvesting wreaking havoc on the rainforest.
Jun 28, 2024
Panama Papers trial concludes with all defendants acquitted of money laundering
The founder of the now-shuttered law firm Mossack Fonseca was among those cleared in the long-awaited ruling that took more than two months to come down.
Jun 03, 2024
Whistleblower accuses US of ignoring evidence Standard Chartered Bank served suspicious Iranian clients
A former SCB banker claims the U.S. government misled a federal court about his role in exposing the bank’s dealings with sanctioned Iranian entities and international "terror groups" after the bank had pledged to stop.
May 24, 2024
Report flags over $2.6B laundered through US commercial real estate
Researchers cited ICIJ’s 2020 investigation into a Ukrainian oligarch’s sprawling property portfolio among 25 cases of allegedly ill-gotten funds being funneled into the sector.
May 20, 2024
New US Treasury strategy targets crypto scams and real estate money laundering
Officials touted upcoming moves to close regulatory loopholes that could expose the United States’ financial system to evolving threats.
Apr 15, 2024
The central bank in a tiny African country tried to block a suspicious banking venture. Then the king’s allies intervened.
Staff say they can’t authorize any transactions. Clients can’t open accounts. But the newcomer remains in suspended animation at the center of a political tussle.
Apr 15, 2024
How international gold dealers exploited a tiny African kingdom’s economic dream
Eswatini’s king professed to have a bold plan for a thriving economic zone. ICIJ uncovered two phantom gold refineries channeling millions of dollars to Dubai through it.
Apr 15, 2024
About the Swazi Secrets investigation
Swazi Secrets exposes the role the tiny kingdom of Eswatini, the last absolute monarchy in Africa, may have played in the regional illicit economy.
Apr 08, 2024
Panama Papers trial begins with denials eight years after historic tax evasion exposé
Twenty-seven people face money laundering charges in the long-delayed hearing at a courtroom in Panama’s Gil Ponce Palace of Justice.
Mar 13, 2024
Firm related to sanctioned crypto exchange Garantex is a partner of Moscow gang leader and has links to Kremlin-controlled Rosneft
A new probe reveals how a murky network linked to the Moscow-based crypto exchange appeared after the mysterious 2020 death of a founding shareholder.
Feb 27, 2024
EU to clamp down on dirty money with new agency based in Germany
The watchdog, set to launch in 2025, will lead a European push to curb illicit financial flows.
Feb 09, 2024
US takes aim at real estate money laundering
A new rule would close a loophole Treasury warns is exploited by bad actors using ill-gotten cash to anonymously buy residential properties.
Nov 14, 2023
Cyprus ignores Russian atrocities, Western sanctions to shield vast wealth of Putin allies
ICIJ-led investigation Cyprus Confidential reveals how the EU member state powered the Kremlin’s financial machine, moving vast sums for oligarchs, including after Russia’s 2022 Ukraine invasion.
Oct 26, 2023
US ‘perfect playground’ for laundering money linked to environmental crimes, new report finds
The United States’ reputation as a hub of financial secrecy has attracted criminals from around the world, including those profiting from the destruction of the Amazon.
Oct 17, 2023
UK authorities criticized for failing to prosecute financial crime enablers and rich tax cheats
A decade of fresh data shows only a handful of cases were brought against financiers for ignoring money laundering red flags, while few “wealthy” people faced criminal consequences for tax fraud last year, according to new reports.
Sep 26, 2023
Money-laundering criminals are adapting to new technology faster than authorities can keep up, EU report says
A new Europol report has found that 70% of criminal enterprises are utilizing money laundering techniques to hide wealth and garner assets, outpacing authorities who are struggling to uncover their crimes.
Sep 07, 2023
Ukrainian oligarch sanctioned following the FinCEN Files investigation arrested in Ukraine
The pretrial detention of banking and media tycoon Ihor Kolomoisky comes as Ukraine pledges to root out corruption.
Sep 06, 2023
Criminals and oligarchs are hiding wealth in secretive Dutch foundations, new investigation finds
Dutch news outlet Follow the Money found more than 50 STAKs, legal structures used to disguise assets and avoid scrutiny, in the Pandora Papers.
Aug 17, 2023
As US company registry stalls, New York forges its own path toward transparency
A new state bill modeled on the federal Corporate Transparency Act aims to expose company owners and share the information in a publicly searchable database.
Aug 11, 2023
Tax havens could cost countries $4.7 trillion over the next decade, advocacy group warns
The U.K. continues to lead the so-called “axis of tax avoidance,” which drains an estimated $151 billion from global coffers through corporate profit shifting, a new report found.