- July 18: KI and the Partnership for Transparency’s Anti-Corruption Forum will host a discussion on U.S. government approaches to kleptocracy and money laundering, including investigations, prosecutions, compliance, and possible legislation. More information, registration, and a link to watch online here.
- In his latest piece, “The U.S. Is a Good Place for Bad People to Stash Their Money,” Casey Michel discusses how America vows to promote financial transparency, yet it will let just about anyone register an anonymous shell company.
- The German Marshall Fund of the U.S. just launched its new program, “The Alliance for Securing Democracy”, a new bipartisan, transatlantic initiative that will develop comprehensive strategies to defend against, deter, and raise the costs on Russian and other state actors’ efforts to undermine democracy and democratic institutions.
- The Helsinki Commission will hold a briefing, “Kleptocrats of the Kremlin: Ties Between Business and Power in Russia”, next Thursday, July 20.
- The State Department spent more than $15,000 to book 19 rooms at the new Trump hotel in Vancouver when members of Trump’s family headlined the grand opening in February.
- Senate and House Intelligence committees investigating ties between Trump campaign officials and Russia have begun to receive access to financial data from the Treasury’s Financial Crimes Enforcement Network (FinCEN). [More information on what FinCEN does can be found on KI’s website here.]
- The problem beneficial ownership continues to raise in the anti-corruption compliance space.
- The enormous 18th-floor penthouse at the Sherry-Netherland Hotel in NYC has hit yet another snag in its quest to find a buyer–the owner’s own involvement in a corruption scandal.
- From the Kremlin to K Street: Russia-funded radio broadcasts blocks from the White House.
- Trump’s Russian Laundromat: The story of Trump Tower, the infamous Russian mobster Mogilevich, and shell companies.
- An anonymous Russian website is using controversial identification software to find the names and social media accounts of anti-corruption protesters who demonstrated in cities across Russia on June 12.
- How Russian state TV spun Putin’s G20 meeting with Trump.
- A Russian court has sentenced five men convicted of killing opposition politician Boris Nemtsov to prison terms ranging from 11 to 20 years.
- The countries involved in the EU’s Anti-Money Laundering Directive could demonstrate a real commitment to helping to curb corruption in African and other countries (not to mention their own) by ensuring that the beneficial owners of companies, trusts, and similar legal mechanisms are made publicly available.
- The counter-argument: Germany’s Finance Minister defended Germany’s resistance to EU lawmakers’ demands for public registries of beneficial owners of companies and trusts.
- The Financial Action Task Force (FATF) has issued a list of nine countries that it says are not taking sufficient measures to combat money laundering and terrorist financing.
- A Singapore court sentenced a former banker to 4.5 years in prison after he pleaded guilty to a money laundering offense linked to his handling of allegedly misappropriated funds from Malaysian fund 1MDB.
- The former president of Brazil was found guilty of corruption and money laundering and sentenced to nearly 10 years in prison.