Business
The world is losing the money laundering fight – Sydney Morning Herald
We’ve just had the closest look yet at the global battle against money laundering, and it’s deeply troubling.
Still, the sums and the patterns of failings are staggering. This small number of reports alone flagged up $US2 trillion ($2.8 trillion) of fund flows, $US1.3 trillion from Deutsche Bank, that may have stemmed from criminal activity. And the FinCEN Files are just the tip of the iceberg, as Transparency International put it.
The UK, home to more than 600 companies flagged in the reports, appears to be the biggest hub for dodgy money flows, with the US second. Britain clearly hasn’t done enough t…
-
General23 hours agoAustralia Kangaroos lose Xavier Coates and Zac Lomax ahead of rugby league Ashes in England
-
General9 hours agoPolice investigating after body found on road in Newborough, Gippsland
-
Noosa News24 hours agoWorker rushed to hospital after becoming trapped in machinery during horror workplace accident in Salisbury
-
General21 hours agoThe Church of England’s ‘turning point’ to irrelevancy