Midweek Roundup: FinCEN Warns of Illicit Funds from South Sudan, ‘Azerbaijani Laundromat’ Involved UK Shell Firms, and More

The U.S. Treasury Department's Financial Crimes Enforcement Network, or FinCEN issued an advisory warning financial institutions that politicians in South Sudan may attempt to launder illicitly obtained funds through the U.S. financial system, and the department's Office of Foreign Assets Control blacklisted the country's information minister and former general chief of staff. More Top Azerbaijani officials allegedly used the corporate bank accounts of four British shell companies to launder nearly $3 billion from 2012 to 2014, purchase luxury goods and pay European politicians to defend Azerbaijan's poor human rights record, according to an investigation by the Guardian and the Organized...