Mike J. MasoudMay 7, 2024In the relentless battle against corruption, it’s crucial to understand the intricate web that connects various forms of malfeasance. The American Anti-Corruption Institute (AACI) defines corruption as the abuse of power or perceived power or entrusted authority for direct or indirect private monetary or nonmonetary gain. This...
April 24, 2024L Burke Files, DDP, CACMPresident, The American Anti-Corruption Institute (AACI) The first Anti-Money Laundering law was the United States Bank Secrecy Act. It was passed in 1970, the Nixon Administration’s knee-jerk reaction to the boatloads of cash flowing into US banks. There were a few additions in 1986...
Technical StaffJanuary 26, 2023An Unexplained Wealth Order (UWO) is a legal tool used in the United Kingdom to investigate and recover assets suspected of criminal proceeds. UWOs require an individual or a business to explain the source of assets disproportionate to their known lawful income. The assets may be seized if the...
and textiles and provide business services, incorporation documents and other records show. The Kinahans also formed management and aviation consultancies in Emirati free zones, areas with business-friendly tax policies. All were created with the help of UAE partners.” Who are the UAE partners?
The KOCG which operates in Ireland and is also established in the United Kingdom, Spain, and the United Arab Emirates, was designated as a significant transnational criminal organization.
August 28, 2021The Danske Bank’s 200 billion euros ($235 billion) of suspicious transactions through its Estonian branch from 2007 to 2015 is the biggest money laundering scheme in history.Danske Bank money laundering ‘is biggest scandal in Europe’ – The American Anti-Corruption Institute (AACI)Read Moreblog.theaaci.comOn August 25, 2021, “Danske Bank A/S (DANSKE.CO) and former...
Technical StaffBank Julius Baer Agrees to Pay More than $79 Million for Laundering Money in FIFA ScandalBank Julius Baer & Co. Ltd. (BJB or the Bank), a Swiss bank with international operations, has admitted today in federal court in Brooklyn that it conspired to launder over $36 million in bribes...
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