The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) recently agreed to remove sanctions against Oleg Deripaska’s EN+ Group. As a corollary, it will also remove from the sanctions list Rusal, which is one of the world’s largest alu [...]
Washington Post article highlights ASD and C4ADS' joint investigation into the First Czech-Russian Bank. When French politician Marine Le Pen needed cash for her far-right party, an obscure Russian bank agreed to help. Four years later, the [...]
Main Recommendations Payments: Establish an international payments database and improve the quality of payment instructions Investments: Require private investment funds to maintain AML programs and report their investors and investment positions [...]
From cabinet officials in the Trump administration to the social media platform companies, there has been widespread acknowledgement in the United States that the Russian government and other authoritarian states targeted the midterm elections and w [...]
A series of banking scandals in multiple EU countries has underlined the shortcomings of Europe's anti-money laundering regime. At a recent event hosted by Bruegel, panelists discussed a new proposal sketched in a recent paper by Nicolas Veron and J [...]
ASD's Joshua Kirschenbaum and Peterson Institute's Nicolas Veron outline recommendations for a new European unitary architecture to counter the shortcomings of Europe's anti-money laundering regime. A series of banking scandals in mu [...]
ASD’s Joshua Kirschenbaum joined the Kleptocracy Initiative’s Charles Davidson, Peterson Institute’s Nicolas Veron, Ambassador of the Republic of Latvia Andris Teikmanis, and Head of Latvia’s Financial Intelligence Unit Ilza Znotiņa to discuss Latvi [...]
The Netherlands Public Prosecution Service announced on September 4 that ING Bank, the country’s largest financial institution, had reached a settlement worth the equivalent of $900 million for money laundering violations committed between 20 [...]
The United States is the single largest recipient of foreign investment worldwide. This openness reflects the country’s innovative industries, deep capital markets, and ease of doing business – and it also contributes to making them possible. At the [...]
Introduction In Nicosia, regulators last month imposed a modest fine on a minor bank for technical violations of anti-money laundering rules. In Moscow, the former owner of that Nicosia bank sits in prison for his alleged role in one of the largest [...]