Senate report: 'Dirty money' still entering US

 

San Francisco Chronicle: Foreign dictators, high-living bureaucrats and arms dealers are still able to funnel millions of dollars in potentially corrupt money into the United States despite post-Sept. 11 laws cracking down on money laundering, according to a Senate investigation.

The son of the president of Equatorial Guinea moved $110 million in suspect funds into the United States from 2004 to 2008 while an Angolan arms dealer, now in a French jail, was able to pay $9.6 million for an Arizona home in 2000 and maintained U.S. bank accounts handling some $60 million in transactions between 1999 and 2007, the report found. Read Article

More Articles

 

Related Blogs

    i360Gov

    Award-winning government policy, business, and technology news and analysis delivered to your inbox. Sign up for your free subscription today!

     

 
 

Say What?

"If you could kick the person in the pants responsible for most of your trouble, you wouldn't sit for a month."

- Theodore Roosevelt

Upcoming Live Webcasts

Government Collaboration Best Practices:  Improve your information sharing within and across agencies

Attend this informative webcast on Wednesday, February 17 at 2:00pm ET to learn about key trends and future advances in information sharing, regulatory drivers and inhibitors, and information sharing tips and best practices.  REGISTER NOW

 

Are You Ready?: Ensuring Business Continuity In Case of Emergency  

View this informative webcast to learn how to keep your agency up and running during times of emergency with secure and reliable access to vital agency information assets and networks.  DOWNLOAD NOW