With the United States and many of its international allies imposing staunch sanctions on the Democratic People’s Republic of Korea (DPRK) related to the country’s increasingly destabilizing activities (including its nuclear and ballistic missile programs and human rights abuses over the past decade), North Korea has developed into a hub for state-sponsored sanctions evasion activity […]
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In a major blow to international organized crime and sanctions evasion efforts, the UK’s National Crime Agency (NCA) has exposed a sophisticated Russian money laundering empire channeling billions of dollars worth of funds toward Russia’s military efforts in Ukraine. Dubbed Operation Destabilise, this ongoing international investigation has begun to reveal the sprawling yet increasingly interconnected […]
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The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) – the bureau tasked with collecting and analyzing financial information to combat domestic and international money laundering and terror financing activity – recently took decisive action against Mexico’s notorious Sinaloa Cartel, designating various transactions involving 10 Mexico-based gambling establishments tied to the group as a class of transaction of “primary money laundering concern” under Section 311 of the USA PATRIOT Act.
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