Category: Financial Intelligence
The biggest single source of ISIS funding by far comes from the sale of oil from areas that it controls. This accounts for well over a third of the group’s… Continue reading "Who Enables the Financing of ISIS?"
April 2016 Hawala, also referred to as hundi, is an alternative remittance system that dates back to ancient times. It is labeled “alternative” because it exists outside of traditional banking… Continue reading "Hawalas, Money-Laundering, and Terrorist Financing"
Bitcoin’s Power in National and International Trade During the first seventy years of American nationhood, private entities like banks issued money. Over 8,000 institutions issued paper currency that could be… Continue reading "Bitcoin’s Power in National and International Trade"
Most people don’t use the word defalcation on a daily basis. Put simply, it is the act or an instance of embezzlement, which is in and of itself one specific form… Continue reading "Finding Fraud, Detecting Defalcation"
Diesel Dupe – That’s the phrase that’s being used in reference to the news that shocked the world this past fall: Volkswagen had purposefully outfitted more than 11 million of… Continue reading "European Corporate Scandals: Lessons for the U.S."
June of 2015, Geneva prosecutors agreed to close their investigation of HSBC in exchange for a financial settlement totaling $40.5 million (£28m, or 40m in Swiss Francs) for its money-laundering… Continue reading "HSBC Continues to Defy Regulators"