I've always found it offensive when tabloids use terms like "rat" or "squealer" to describe the actions of those who report or testify about criminal behavior. It's no less offensive when one of the terms is used in defense of attorney-client privilege.
The Internal Revenue Service disclosed final rules set for publication next week that will clarify how and when informants can collect rewards for identifying tax cheats, but not money launderers.
Federal examiners are reasserting pressure on banks that have relaxed the parameters they've set on transaction monitoring software due to recent budget cuts, according to U.S. Treasury Department officials.
A Miami bank already on the hook with federal regulators for a lax compliance program was fined $7 million Thursday for failing to address multiple Bank Secrecy Act violations.
A provision in the Senate's proposed financial overhaul bill could incentivize more anti-money laundering compliance officers to blow the whistle on any illegal activities of their employers in exchange for large payouts.
Equador has approved a bill that would criminalize money laundering as a separate offense and establish the countrys first financial intelligence unit (FIU).
Moneylaundering.com has learned that corrupt public officials in Ecuador, Guatemala, Honduras and Peru have been targeted by the "pilot" Task Force of the Bureau of Immigration and Customs Enforcement.