The FinCEN Files are further proof that the global anti-money laundering system is broken.

Read our movement-wide statement on #FinCENFiles:
https://bit.ly/32OWujS

Great news from our colleagues at @TransparencyUK- the United Kingdom's companies registrar will now require identity verification of directors before their appointment to help trace people who are committing fraud or money-laundering.
https://www.gov.uk/government/news/reforms-to-companies-house-to-clamp-down-on-fraud-and-give-businesses-greater-confidence-in-transactions

In a House Homeland Security Committee hearing yesterday, Congresswoman Rice raised issue with the role of cryptocurrency in facilitating money laundering and terrorist financing- a topic that has sparked interested with legislators in recent years.

Across the globe, our Advocacy and Legal Advice Centres (ALACs) are hearing first-hand how corruption is denying people’s right to health.
https://www.transparency.org/en/citizens-report-covid-19-corruption?utm_source=social&utm_medium=post&utm_campaign=alac%20chapters

The Financial Crimes Enforcement Network is now facing an uptick in PPP loan fraud reports after millions of dollars were reported to have been disbursed to shady companies, some of which have been linked to state-controlled Chinese venture capital firms.
https://www.pogo.org/investigation/2020/09/spike-in-suspected-business-loan-fraud-reports-coincided-with-paycheck-protection-program/?utm_source=pogotwitter&utm_medium=social&utm_campaign=scheduled&utm_term=finance&utm_content=link

Corruption is sometimes perceived to remain within the realm of the purely political (money in politics, unfair public procurement), but it also plays a major role in narcotics-related illicit trade, obstructing AML/CFT efforts.

More from @IllicitFlows:
https://gfintegrity.org/report/narcotics-proceeds-in-the-western-hemisphere-analysis-of-narcotics-related-illicit-financial-flows-between-the-united-states-mexico-and-colombia/

"While the FBI obsessively measures other crime, it does not have a comprehensive gauge of corporate fraud, executive fraud, tax evasion, or embezzlement." | @robinsreport on the challenges of prosecuting white-collar crime in the United States.
https://newrepublic.com/article/159361/white-collar-criminals-get-away

Since January 2020, Transparency International’s Advocacy and Legal Advice Centres (ALACs) have supported more than 1,800 people by responding to reports of corruption and requests for COVID-19 related assistance. #ReportCorruption
https://www.transparency.org/en/citizens-report-covid-19-corruption?utm_source=social&utm_medium=post&utm_campaign=alac-secretariat

Federal laws that require honest and fair lending in the U.S. must be enforced to prevent blanket immunity for wrongdoing that may have taken place since the CARES Act was initially adopted, such as lending discrimination or money laundering.
https://us.transparency.org/news/money-laundering-and-the-next-recovery-package/