35 Burst results for "Money Laundering"

Laptop connected to Hunter Biden linked to FBI money-laundering probe

The KFBK Morning News

01:24 min | 4 d ago

Laptop connected to Hunter Biden linked to FBI money-laundering probe

"Gotta question that he rarely gets from the media these days about his son Hunter Biden's questionable business deals with companies in foreign countries, while Joe Biden was vice president. A local reporter in Wisconsin, asked the question, and the response from Joe Biden was very short. You're about to hear how Joe Biden responded to a question about whether his family has profited off his name. It is our featured audio clip this hour. This is the same garbage. Rudy Giuliani trumps hence run. It's the lastest effort in this desperate campaign to smear me and my family. Even the van who served them on that committee, a former nominee for the Republican Party said. There's no basis to this. And you know, and all and the vast majority of the intelligence people have come out and said there's no basis at all. Well there there is a top intelligence officials National Intelligence Agency who said that they believe that the that the laptop belongs to and it's not disinformation. Laptop does belong to. They believe right now, whether there's anything on it that they believe could lead to anything that that hasn't been determined. But they have said it's not disinformation. The New York Post has a new article out this morning. Another businessman has come forward, validating what the Post has been reporting about Hunter. Biden said that he was the receipt. Ever ofsome emails, which confirm the allegations.

Hunter Biden National Intelligence Agency Rudy Giuliani The New York Post Republican Party Vice President Wisconsin Reporter
Trump grants clemency to five nonviolent offenders

All Things Considered

00:20 sec | 5 d ago

Trump grants clemency to five nonviolent offenders

"Today granted clemency to five people for convicted for drug related crimes, the fifth convicted for money laundering and wire fraud in a benefit scheme. They were serving sentences ranging from 14 years to life. The cases were highlighted by clemency activists, including Alice Murray Johnson, who was pardoned in 2018 for a nonviolent drug offense.

Alice Murray Johnson Wire Fraud
Los Angeles - Former Mexican Secretary Of National Defense Arrested At LAX On Drug Charges

KFBK Outdoor Show

00:17 sec | Last week

Los Angeles - Former Mexican Secretary Of National Defense Arrested At LAX On Drug Charges

"Custody at L. A X in connection with a drug trafficking operation Salvador Cienfuegos is the former Mexican secretary of national defence. 72 Year old was arrested by the D A and faces drug and money laundering charges. He will be transferred to New York to be indicted in California Republicans

Salvador Cienfuegos Secretary New York California
What You Need to Know About the DOJ's Cryptocurrency Enforcement Framework

Unconfirmed: Insights and Analysis From the Top Minds in Crypto

04:21 min | Last week

What You Need to Know About the DOJ's Cryptocurrency Enforcement Framework

"Last week Attorney General William Bar announced the publication by the Department of Justice of cryptocurrency enforcement framework what is in the framework and how will it be used? Does it change anything about the way law enforcement has been going after crimes involving cryptocurrency? Well I don't rule that it changes anything, but it is very significant in another away a number of ways. So first of all, the cryptocurrency enforcement framework is a seventy plus page document issued by DOJ on specifically by the Attorney General Cyber Digital Task Force a week ago today on October Eighth and it is a self described comprehensive overview of the emerging threats and enforcement challenges associated with the increasing prevalence and use of currency. To details, relationships that the Department of Justice has built with regulatory enforcement partners both within the US government and around the world and then outlines departments, response strategies and for my purposes. I personally find the last part of where the framework talks about how the department has responded to crypto currency the most interesting. And so in general, what are the main takeaways in terms of the significance of the Attorney General Publishing Document? Well I while I think just the fact that the Attorney General Department of Justice has published this document is itself significant? It shows that Crypto is something that DOJ's focusing on and also perhaps even more important that DOJ wants the world to know that Crypto is something that it's focused on. I pull a couple of about key takeaways from the framework First of all DOJ seems to be still somewhat skeptical of Crypto So in the first part of the framework there's a section on legitimate uses crypto, which runs about a few paragraphs, and then there's a section that is titled Illegitimate, uses which runs to more than eleven pages And if you look closely at the legitimate uses section. It's careful not to come out and actually say that there are any legitimate uses at all. It uses language like in here on quoting Laura a cryptocurrency advocates maintain that a decentralized distributed and secure cryptocurrency holds great promise for legitimate use proponents cryptocurrency contend that by eliminating the need for financial intermediaries to validate and facilitate transactions. CRYPTOCURRENCY has the potential to minimize transaction costs and to reduce corruption and fraud. Some advocates claim that crypto currency may in the future facilitate micro payments. Others believe that the privacy associated with crypto currency through raising significant challenges for law enforcement though raising significant challenges for law enforcement can have valid and beneficial uses of reading between the lines. I think You can detect a certain amount of skepticism about crypto even though it's not nearly as new as it was at one time. So, when it comes to the DOJ, what are the main crimes that they're looking at when it comes to cryptocurrency? Well the first part of the report or the framework actually lays out. Three categories of crime. So one is the use of Crypto as he man or to siltation for lissette activities. So for example, on taking Crypto as payment for illegal drugs over legal weapons or child pornography or using crypto to engage in terrorist financing that's category one according to the framework. The second category according to the framework is using crypto to engage in money laundering or hide assets from tax authorities in the third, it's crimes against the crypto marketplace itself like hacking exchanges. And there's a section of the framework that goes through all of the laws that DOJ can use to counter this kind of activity and they're more or less. What you would expect the fraud statutes. The Money Laundering Statutes the terrorist

DOJ Cryptocurrency Attorney General Department Of Attorney General William Bar Attorney Fraud United States Terrorist Financing Laura
Creating AI Products That Are Easy for Non-Technical Users with Bryton Shang

Artificial Intelligence in Industry

07:10 min | Last week

Creating AI Products That Are Easy for Non-Technical Users with Bryton Shang

"So, Brighton a wanted to talk to you about your journey of building an AI chronic for specific market. You guys are any aqua cultures face using computer vision to monitor the health and size in growth of gigantic fish farms. Very, very big important industry also not industry at least what strikes my mind as as one that's eager for AI zone sake. You know we look at financial services and They might just like the sizzle obey but I, imagine a fish farmer doesn't they just want something practical. You got to go through this journey of finding a fit for a and for hardware in a market that really just wants an outcome topless about what that journey was like, what made the idea click, and then we have to go through to build a product that would be a business. So I I. Think Certainly. A are not like we really started with the customer need and and so clearly, there was a need for being able to Count Sea lice on the fish and as well as understand way in grows. And so whether that could be solved by air not that s really allows the. Clear from Farber, tops the number of farmers than an consistently said that that was number one problem. Solving that I mean there has been companies have tried to work on it using. More traditional computer vision or via other techniques and and really the idea being that I, mean there's been technologies developed economy striving and other industries social media that have developed deep learning and other AI models that have been really successful at identifying objects in images and doing three D. reconstruction, and so for for that was inspiration for us to be able to apply similar technology to. Get. Started is a bit challenging. So of course, weakness gather training data and this is something where basically taken lots of pictures of fish from being able to annotate those images or see lies and even like determining the way to the finish this is not something you can determine from an image actually after go physically. Way Them in war and so generally challenges around the data collection aspect but. Really I. Mean I think the company it's I ended saying that it's likely companies is sort of like raisin bread like company is like, Brad. In is just like the reasons that make it special. But the end of the day we're still solving for that cornea farmer one, hundred percent I mean if you could girl billion dollar firm with not live ai more power to you, you know what? I. Mean, we just happen to have a focus on a I use cases here on the show, but we certainly don't doubt toy ai for its own sake, but it sounded like the problem was suited and so bought a being right. You're not going to be able to build software that takes a look at fish. You know the old school methods of computer vision of looking at lines or something like the the. Videos of how computer vision you storage just never going to skin the cat you gotta use them Al and the kickoff for the company which you mentioned in our previous interview was actually regulation which I found to be interesting. So there was a regulatory act in Norway and I don't know if this district place in other countries are just in Norway where they had to count the leisa certain amount on their fishy certain amount of sampling. It seemed like that was actually the catalyst almost to the business is that safe to say? I would say, so I mean, certainly, there is businesses economic incentives in the also economic driver for them to manage sea lice because something that does Chech- environmental concerns as well as food safety concerns. It is something that is intimately tied with regulation and and in this case pretty much every country that grows fish in the ocean has some form of regulation of parasites. That's that's interesting. I think obviously most of our listeners are not familiar with aquaculture space. But curious to see that this regulation there you know when I think about the sectors where we might do a little bit more coverage or certainly where we do our market research work like financial services when someone is selling a document search and discovery software very rarely saying, well, you know here's how this can tangibly improve efficiencies. People try to find these of documents for mortgages, tons of documents for insurance underwriting. There are a lot of time using the argument of, Hey, you're really gonNA get regulatory slapped if. You don't I dunno change these kind of library bore clauses now that that legality has gone away or if you don't remove client data on their requests and if you can't find all of it, that's still your problem and this is going to help you. So regulation in the fear of those consequences honestly is something that financial services vendors lean on especially when they don't have other ways of measuring our why curious to see that it's also potentially a lever to kick off a need for technological innovation your space to this is something that's me people kind of have to adapt if you will. Absolutely. One of the differences though for we're talking about kind of. Companies. In some of the challenges we through is not just the farmers understanding that it's not the not like a thermometer like you drop it in it tells you the. In Data Adler. I I'm and. How many do you buy and it just gets better over time present get worse over time but fundamentally does work differently and so there is. But that's just sort of like the challenge of the system. So to speak is that like it's it's all mechanical system it is a dynamic system. That's the challenge for Mel, across the board in these living breathing systems or somebody's got to of keep tabs on things. Now, I presume now some markets. Well aware of this plenty vendors that we've had on mean from data data robots of a Yazdi's to Lord knows how many are essentially providing folks with tools where their in house data scientists are also going to be able to use these tools to get a job done maybe detect money laundering maybe detect cancerous tumor is on patients or whatever the case may be. These are tools for in house technical folks, and maybe in house non, technical folks, there are some vendor companies try to keep as much or all love the actual data collection processing in kind of that, we call the heavy lifting of. Keeping a living breathing in else's running in house in the vendor then they're only giving the user more or less a SASS products. Now, of course, it's more complicated than that. But for the user, it's about that simple. My guess in aquaculture is the in house data science staff is rather limited at these firms. You're essentially having to do the latter company where you're giving them. Here's the hardware plug it in. Here's the dashboard you're gonNA look at it but just know Mr buyer that there's a lot going on in terms of labeling in upkeeping heavy lifting that you don't have to do that we're handling. I presume that's what you've had to to bill. That's right and I mean for us the machine learning AI component is more. It's more like a cafe thing rather than for for them they prefer. Likely it's more important for us to be off, Walter. Company delivering Wade Send House in Yemen sorta not exposing so much of like the ID. Yeah Yeah.

AI Norway Count Sea Brighton Data Adler Farber Brad Chech Wade MEL Leisa Yemen Lord
Bank stocks knocked as Suspicious Activity Reports come to light

CNBC's Fast Money

01:26 min | Last month

Bank stocks knocked as Suspicious Activity Reports come to light

"Bank stocks getting crushed today a new report about the big firms dealing suspicious finds Wilford. Frost Scott the details wealth harmless. So Bank stocks were down sharply today following large declines for their European counterparts, Deutsche Bank for example, closed down nine percent on European trade. Standard Chartered down about five percent both hitting twenty five year lows in London trade earlier US banks ended up down about four percent. This is in part due to investigation by the International Consortium of investigative journalist that highlighted suspicious activity from various banks in the past specifically money laundering following a review of more than two thousand, one hundred reports filed by the US Treasury financial crimes. Enforcement Network a slew. Mentioned including I said HSBC Bank Standard Chartered JP Morgan and Bank of New York Mellon amongst others clearly, this activity is embarrassing for the banks however important to note in the past and that government and regulators were already aware of these details since suspicious activity reports by their very nature all reports between the banks and the government in the first place for example, for example, Deutsche Bank told me this is not new information to us or regulators Today off therefore much more down to the broad cyclical selloff linked to covid economic headlines, and also that Supreme Court news further making a stimulus bill less likely something that banks are disproportionately reliant on compared to some other

Deutsche Bank Hsbc Bank Standard Chartered J Bank Of New York Mellon Standard Chartered United States Us Treasury Wilford Supreme Court Scott Financial Crimes International Consortium Of
Bank stocks are sinking after a report alleges pervasive global money laundering

Lynne Hayes-Freeland

00:13 sec | Last month

Bank stocks are sinking after a report alleges pervasive global money laundering

"Black cloud over bank stocks. Many are tanking after a report suggesting that global banks may have done little to prevent possible money laundering or other criminal activity by suspicious people between 1999 and 2017.

"money laundering" Discussed on The Signal

The Signal

05:34 min | Last month

"money laundering" Discussed on The Signal

"Down eating, instigating every one of these suspicious matter reports I don't know but we certainly see suspected high risk of criminal money moving through Australian banks and that money not being stopped. I was track I will argue that it is resource well, enough from what we've seen that workload has has dramatically increased when it comes to looking at these suspicious at reports..

"money laundering" Discussed on The Signal

The Signal

03:21 min | Last month

"money laundering" Discussed on The Signal

"Time. What is it? That's going wrong..

Justice Dept. charges 5 Chinese citizens with hacking more than 100 companies; 2 Malaysian businessmen also arrested

Morning Becomes Eclectic

00:49 sec | Last month

Justice Dept. charges 5 Chinese citizens with hacking more than 100 companies; 2 Malaysian businessmen also arrested

"Has announced charges against five suspected Chinese hackers into Malaysian businessman for alleged computer breeches and other crimes. NPR's Ryan Lucas has more The five Chinese defendants face charges related to computer hacks of more than 100, American and foreign companies. I meant allegedly targeted firms in a range of industries, including software, development, video games and telecommunications, as well as think tanks in universities. They They face face charges charges of of conspiracy, conspiracy, wire wire fraud, fraud, money money laundering laundering and and other other crimes. crimes. The The two two Malaysian Malaysian businessman businessman also also face face a a range range of of charges, charges, including including racketeering, racketeering, conspiracy conspiracy and and money money laundry. laundry. They They are are accused accused of of working working with with hackers hackers to to target target video video game game companies companies in in the the U. U. S S and and elsewhere. elsewhere. Officials Officials say say Malaysian Malaysian authorities authorities arrested arrested the the men men at at the the request request of of the the U. U. S S government, government, which which is seeking their extradition. Ryan Lucas NPR NEWS Washington A bipartisan group of House

Ryan Lucas Racketeering Wire Fraud NPR U. U. S S Government Washington U. U. S S
Texas Man Charged with COVID-Relief Fraud, False Statements and Money Laundering

Newsradio 950 WWJ 24 Hour News

00:52 sec | Last month

Texas Man Charged with COVID-Relief Fraud, False Statements and Money Laundering

"9 50. No Vai man is facing federal charges for allegedly pilfering from a federal fund aimed at helping businesses survive the pandemic. W W. J. Sandra McNeil reports U. S Attorney Matthew Schneider says Antonio George applied for more than $3 million in aid on behalf of 19 Cos. He says, though there is no evidence that any of those companies exist. Schneider says that that's they have prevented other companies in need from getting federal assistance. The federal government has put in a lot of money into protecting small businesses through the paycheck protection program. And so when the federal government does that they expect that that money is going to help small businesses and it's going to help employees and help these businesses stay alive during the pandemic. And there's only so much money in this pot George's facing up to 20 years in prison on charges of

Federal Government Antonio George Matthew Schneider VAI W. J. Sandra Mcneil Attorney U. S
Steve Bannon's 3 co-defendants plead not guilty in 'We Build the Wall' fraud case

The Takeaway

00:34 sec | 2 months ago

Steve Bannon's 3 co-defendants plead not guilty in 'We Build the Wall' fraud case

"Associates of President Trump's former campaign chief, have pleaded not guilty to fraud and money laundering charges. We have details from NPR's Ryan Lucas, Steve Bannon and his three codefendants. Bryan Cole. Father, Andrew Bottle Otto Intimately Shay are accused of defrauding hundreds of thousands of people who donated to a fundraising campaign. Help build a wall along the southern border. At a court hearing held via video teleconference, Cole Farr's bottle. Otto and Shay pleaded not guilty to the charges. Bannon had already entered a plea of not guilty earlier this month. NPR's Ron Lukas reporting the

Andrew Bottle Otto Steve Bannon NPR Cole Farr Bryan Cole President Trump Ryan Lucas Shay Ron Lukas Fraud
Former Trump chief strategist, Steve Bannon, arrested on fraud charges

WTOP 24 Hour News

00:39 sec | 2 months ago

Former Trump chief strategist, Steve Bannon, arrested on fraud charges

"Trump is distancing himself from former adviser Steve Bannon after Bannon was arrested in connection to an alleged fundraising scheme for a border wall fund. Former adviser to President Donald Trump, Steve Bannon smiled as he left in New York City courthouse Thursday. He spoke briefly to a swarm of supporters and media presidents, former chief strategist is out of jail on $5 Million bond after pleading not guilty to wire fraud and money laundering charges, Prosecutors say he defrauded donors in a $25 million campaign to fund a wall along the border with Mexico.

Steve Bannon President Donald Trump Chief Strategist New York City Wire Fraud Mexico
Steve Bannon Arrested on Border-Wall Fraud Charges

THE NEWS with Anthony Davis

02:09 min | 2 months ago

Steve Bannon Arrested on Border-Wall Fraud Charges

"Architect of Donald Trump's twenty-six election victory who wants claimed he wanted to destroy the state and bring everything crashing down was arrested on a yacht on Thursday and has since pleaded not guilty after being charged with defrauding donors in a scheme to help build the president's signature wool across the US Mexico border. As a top advisor to trump's presidential campaign who later served as White House chief strategist. Bannon. Helped articulate the America first right-wing populism and fierce opposition to immigration that have been hallmarks of trump's three and a half years in office. Dinan was among four people arrested and charged by federal prosecutors in Manhattan with conspiracy to commit wire fraud and conspiracy to commit money. Laundering prosecutors accused the defendants of defrauding hundreds of thousands of dollars through a twenty, five, million dollar crowdfunding campaign cold we build the wall. Bannon used hundreds of thousands of dollars of that money to cover personal expenses according to the charges. He was freed on a five million dollar bond and was barred by Federal Magistrate Judge from traveling internationally. Bannon was arrested in Connecticut by agents from the prosecutor's office and the US Postal Inspection Service aboard a one hundred and fifty foot long yachts according to a law enforcement source trump told reporters at the White House that he feels very badly about the challenges but typically sought to distance himself from Bannon and the alleged scheme Bannon is the eighth close trump associates to be arrested or convicted of a crime former campaign chairman, Paul Manafort longtime friend and advisor Roger. Stone. Former national security adviser. Michael Flynn and former personal lawyer Michael Cohen. The indictment comes as the Republican. President trails Democratic challenger Joe Biden in opinion polls ahead of the November third presidential election. Biden's campaign said corruption surrounds trump.

Bannon Donald Trump White House Joe Biden Advisor President Trump United States Chief Strategist Dinan Michael Flynn Wire Fraud Mexico America Michael Cohen Paul Manafort Connecticut
Steve Bannon Indicted for Fraud Over Campaign to Build Private Border Wall

The KFBK Morning News

00:32 sec | 2 months ago

Steve Bannon Indicted for Fraud Over Campaign to Build Private Border Wall

"President Trump's former campaign strategist Steve Bannon, arrested in a federal fraud case tied to the We build the Wall Online campaign. Three other defendants also named in that indictment, including disabled vet Brian Call, father. ABC is Karen Travers has more. Bannon was arrested this morning and federally indicted for conspiracy to commit wire fraud and money laundering in connection to a crowdfunding campaign to build a border wall. Bannon expected to make a virtual appearance in court today in Lower Manhattan. The White House when asked to comment, referred questions to the Justice

Steve Bannon President Trump Wire Fraud Fraud Brian Call Karen Travers Lower Manhattan White House ABC
GoFundMe "Trump Wall" campaign to refund all donors

Glenn Beck

00:32 sec | 2 months ago

GoFundMe "Trump Wall" campaign to refund all donors

"Former White House chief strategist Steve Bannon, along with three others, is accused of defrauding donors to there. We build the Wall Crowdfunding campaign that raised more than $25 million Authorities with the Southern District of New York say donors were told the money would be spent on border wall construction, but that some of those funds were siphoned off for personal gain and routed through a Shell corporation using fake invoices in sham vendor arrangements to conceal it. All four were arrested This morning. They're charged with wire fraud and money laundering, each of which carries a maximum penalty of 20 years in

Steve Bannon Chief Strategist Wire Fraud Shell Corporation White House New York
Miami - Florida man charged with stealing from PPP funds

The DeMaio Report with Carl DeMaio and Lou Penrose

00:46 sec | 2 months ago

Miami - Florida man charged with stealing from PPP funds

"Florida man is suspected today of stealing thousands of dollars from the U. S government program. Aim that helping small businesses impacted by the cove it 19 pandemic Evan Brown reports, The Paycheck protection program is supposed to be helping business owners continued to make payroll even if they were closed due to Corona virus. But now a 32 year old man from near Fort Lauderdale is charged with getting 60 grand in loans from the program just for himself. Prosecutor Seo Jeong. Do we falsified information on the application used stolen Social Security numbers. And had the money deposited in two accounts he controlled. They called him when he tried withdrawing cash at the bank. Louis was already awaiting trial for money laundering,

Seo Jeong Evan Brown Fort Lauderdale Florida Prosecutor Louis U. S
Juan Carlos, Spain’s Former King, Quits Country Amid Multiple Investigations

The Steve Czaban Show

00:48 sec | 2 months ago

Juan Carlos, Spain’s Former King, Quits Country Amid Multiple Investigations

"The way. I know nobody cares about this. But I find this story. Fascinating juan-carlos has fled Spain the former king of Spain. Has Been forced into exile by a money laundering. Lot Yes, the the eighty, two year, old former king who abdicated in two, thousand fourteen. said the and said that he leaving the country in a letter to his son King Felipe. So, at least he gave his son more notice than USS Escape. He's like. I'm out can by. By. All looking Kinda. Hot? Too. Hot, but a tight spot money laundering. Might come after me for this I'm out

King Felipe Spain Uss Escape
Suspended Los Angeles Councilman Pleads Not Guilty to Federal Charges

KNX Midday News with Brian Ping

01:02 min | 3 months ago

Suspended Los Angeles Councilman Pleads Not Guilty to Federal Charges

"Plea entered by suspended L. A City Councilman Jose We SAR. The multiple charges related to a pay for play corruption scandal at City Hall next 10 seventies Pete Demetriou working this story, he's life Force of the Roybal Federal Courthouse in a hearing that took a little over three minutes was our agreed to the withdrawal of his private attorney. He'll not be represented by federal public defenders when asked what the magistrate how he would plead to the charges against him. These are speaking to resume conference Window said Not guilty. Matter will now be sent to a federal judge John Walters, Quarterman Wednesday morning for a trial setting conference. Given the fact he's ours just changed counsel. It's more than likely his defense will ask for a delay and setting a trial date. On the grounds they haven't had a chance to go through all of the evidence, and the exhibits listed in the 113 page indictment specifies 30 for criminal counts against the councilman, ranging from bribery on the services, fraud and money laundering. Four other defendants in the corruption scandal, including former city Councilman Mitch Englander, have already pled guilty to charges of, or Judge Walter and are awaiting sentencing between December and February of next year. At the

Pete Demetriou Roybal Federal Courthouse City Hall Mitch Englander Judge Walter John Walters Bribery Attorney Fraud
Oligarchs skirt US sanctions through shady art sales

America First with Sebastian Gorka

00:26 sec | 3 months ago

Oligarchs skirt US sanctions through shady art sales

"Report says Russian oligarchs are skirting US sanctions through shady high end art deals, The Senate's permanent subcommittee on investigations recommended new legislation that would reign in an unregulated industry that's become a common front for money laundering. Investigators traced $18 million in our pies to shell companies linked to close friends of Russian President Vladimir Putin, who was sanctioned after Russia's 2014 annexation of Crimea.

Vladimir Putin United States Senate President Trump Russia
"money laundering" Discussed on FT Banking Weekly

FT Banking Weekly

03:40 min | 1 year ago

"money laundering" Discussed on FT Banking Weekly

"We're joined by Laura Newnan, US banking editor, and from China where joined by Don wineland Asia Financial correspondent this week. We'll take a look at the European Banking Authority and what it's doing to tackle money laundering. I look at Chinese non-performing loans, and the hidden problem in Chinese banking sector. And finally over to learn in, in New York to talk to us about running against this week is Jose Manuel camper. The chairman of the day, and also, we have a same clip from Libya. Gaffe saw the European Commission. Official entire financial stability, I though to that story about the ABA and what is doing to tackle money laundering. Well, Caroline, you spoke recently to the new chairman of the Jose Manuel can. It was an interesting interview that you had, I think covering a lot of topics, but was understandably a lot of focus on money laundering, given that the has a new remit to look after this topic, and try to clamp down on some of the abuses that we've seen of late tell us what you found most interesting by what he has to say. Yeah. That's right. So we speak to Jose Manuel Campo last week in Paris. It was his first interview that he's done since taking up the reins from Andrea, Andrea, and the first of the has done in his new home of Paris. Miss dicamba, I think was made keen to dispel some misconceptions about what exactly the EPA's mandate is around money laundering say, you'll remember that last year was very much dominated by a number of money laundering headlines, from various countries around the EU multi, Latvia. But the biggest of which was, of course, dunce combines two hundred billion euro problem. Now, what Mr. camper is saying, is that the response? Which was to give the ABA these new powers is that she quite a narrow role that the EIB has it's very much a coordinating role. Trying to make sure that regulators in different countries are talking to each other and dansko Bank that particular problem, showed that Khan really be taken for granted the authorities in Denmark, and Lithuania really want to one another. So it's much more that focus that the bay has rather than it being a tougher money laundering authority per se. That's that ensured that dot money can be cracked down opponent, any kind of meaningful way. Well, let's hear from Mr. company, and exactly what he had to say on this need to be bruised. Nations of the Monday at the end of the has been revolution situation. We have a Monday to try to coordinate the single regulatory from Orlando, of course, trying to court trying to coordinate because the framework itself is based on directives leave a lot of room, Michael construction to match. I don't want to give the impression that we have received nothing of doing AM L protection for the European Union who have not received for Monday. Let's the crisper we have spaces you to open the commission and this aloft for us a wreck because until the results of the beginning from this that. He's so, you know, tried to this practices showed us practices, or the furthest constrain is not a Monday to harmonize a about regulation of practices, because to start that process I need to get the legislature, that to is to for the refuse to regulation into some of the regulation homogeneous, and that we have a directive. AM L activity in the European Union is regulated by directives by the face of the doesn't provide a senior..

Jose Manuel Jose Manuel Campo European Union European Banking Authority chairman ABA Mr. camper European Commission Paris Laura Newnan Don wineland Asia US Libya New York editor Andrea China legislature Caroline
"money laundering" Discussed on Unchained

Unchained

04:42 min | 2 years ago

"money laundering" Discussed on Unchained

"Law enforcement the now available on that full risk of sending your your phone straits exchange was much lower we should also know that's true and also we did find that gambling sides and mixers as you might expect did have a high proportion of illicit funds going through them so it was sort of evidence that you know people do use these tools to took to launder to launder funds before they send them elsewhere i guess i would have thought it would be a much higher percentage than it was but something i was curious about is have you guys looked into whether or not any ico's have been used for money laundering yes that's something we have like gency we have seen evidence that the proceeds some criminal activity have been feddans weiss yes nuzzling lodge scandal the moments but we have seen it happen which might says how what does that mean meaning that the people who are trying to invest it to to get new tokens you know to buy into the sale that they're using yes for example somebody has hacked an exchange stolen some isa we've seen in some cases that's being transferred to annoy sierre crowd sal address on so they would have received two in exchange flout stolen isa on that useful for them because if my records are being caps if nike y c is being done by the by the issue than that helps break links the salsa phones and how wide spread of a problem do you think that is so we haven't seen it it's a great deal but it's a risk our series shoes i'm banks actually quite sensitive so a problem that's lots of issues having at the moment is that they raise these huge announced through ico's confessed in fit currency fell down able to find the banks will accept those phones on soda them all turning to us to do office homeless funds just verify that it hasn't come from from lots of interesting well as we mentioned perform you kept a study the focus of the studying sort of narrow what are the questions would you like to answer next time around if you look more into money laundering cryptocurrencies i think actually you you hit on one which is a on our mind right now which is what does the landscape look like now that btc e is gone you're very right you know back in twenty sixteen and even early part twenty seventeen you know btc was so prominent i mean there were just you know just many examples of of illicit activity going through there and so with with with that being shut down and also the shift in different dark net market's going down elf obey being shut down a big question is i to say this but who is or what is the next btc e that's i think the biggest question and something that we want to look at the data and and see what the answer is something else i'm curious about is i've heard this stat tell me if i'm wrong but i heard that regulators catch less than one percent of all money laundering that uses fiat so if that is true why would a criminal be motivated to use cryptocurrencies for money laundering i guess we'll in in this case of the study is because that's the crime that they were earning this money already in crypto i think they're different so think of crypto as i mean as as we know right this is money native to the internet so although this is changing i think in the earlier days you you're pretty much you're pretty much talking about folks were involved in cybercrime involved in crimes that are purely on the internet and it would just make sense you know if you're dealing with dark net market just make sense to to use crypto it's perfect for that but i think what shifting and and it's funny it's sort of a double edged sword because adoption has been the biggest hurdle but as a dopp shen increases it only makes sense that more people who may be aren't just operating in cyber will eventually start start using crypto now there's one example which is you know it's not an outright sort of money laundering case but.

one percent
"money laundering" Discussed on The Last Word with Lawrence O'Donnell

The Last Word with Lawrence O'Donnell

02:16 min | 2 years ago

"money laundering" Discussed on The Last Word with Lawrence O'Donnell

"And money laundering and that was the right thing to do at kim kardashian urgings donald trump was right to decide that in that case zero tolerance for drug dealing and zero tolerance for money laundering meant zero humanity and so he released one mother from federal custody that day while every day putting dozens and dozens of mother's into federal custody in separating them from their babies from their toddlers from their children and as the president does this he lies about it every day and everyone working for the president lies about it every day they tried to tell the lie that this april sixth memo from jeff sessions does not exist they try to tell you that the democrats did something to make this happen when the democrats did nothing to make this happen lie is now an official component of every trump policy first comes the policy then comes the lie about the policy donald trump also told the lie last week that he hates what he's doing i hate it i hate to see separation of parents and children okay now did you catch the kernel of truth in what he actually did just say the words are very important he said i hate to see the separation of parents and children and that is true he does literally hate to see it when he doesn't take to do it and that's why he continues to do it but he does hate to see it because even trump conc how ugly is even donald trump can see how cruel it is even malania trump can see how ugly and cruel it is and so i'm sure don trump does hate to see it and that's why he lies about the policy if he thought his policy looked good if donald trump thought this photograph is america at its best than donald trump wouldn't be blaming the democrats for what you see in that photograph donald trump would probably be saying i did that and i'm so glad that you can see what i did but don't trump hates to see that because he knows how bad that looks and now donald trump is trying is going to hate not just what it looks like but what it sounds like because thanks to.

president donald trump don trump kim kardashian official america
"money laundering" Discussed on WRIR.org 97.3FM

WRIR.org 97.3FM

02:26 min | 3 years ago

"money laundering" Discussed on WRIR.org 97.3FM

"This is going this is all about money laundering mullah chose andrew weissman first and he's a money laundering guy their path to effing trump goes right through paul manafort don jr and jared kushner it's as plain as a hair on your face it goes through deutsche bank and all the kushner expletive is greasy they're going to go right through that the guy to roll those guys up and say play me or trade me what do you make of that well this is the thing that uh manafort is complaining about milwaukee suit he filed against uh muller claiming that he's expanding the scope of investigation be on the regional oh mandate which is to look at collusion in the 2016 election and is now going on to look at things like money laundering i think that's uh probably a lawsuit that manafort will lose but it's clear that they are very worried about the money laundering allegations because precisely because they do bring in uh folks like kushner who has uh interesting to say the least connections with um uh foreign investors of we've identified a number of them uh deutsche bank was also involved heavily and financing not only uh russian investments but also uh he was deutsche bank ended up being that donald trump soul global banks lender of any note um and uh you know had extensive connections with uh with russia um so you know there's a lot to look at with respect to these money laundering investigations felix sader who is another uh business partner of donald trump's uh russian mobster uh you know also had we've discovered extensive of money laundering operations to the netherlands uh with firms that were set up uh for uh kazahkstan kleptocrats work investing in the trump soho uh so these are just there's there's enormous amount of stuff it's just been coming out in the last six months or so about the extent of this money laundering operation so i i can see why the the administration is worried well they're shoes at dropped a couple of days ago because the op ed in the new york times by the heads of fusion gps.

andrew weissman paul manafort don jr deutsche bank muller money laundering manafort partner donald trump new york times jared kushner milwaukee russia felix sader six months
"money laundering" Discussed on Trumpcast

Trumpcast

35:22 min | 3 years ago

"money laundering" Discussed on Trumpcast

"money laundering" Discussed on Trumpcast

Trumpcast

01:34 min | 3 years ago

"money laundering" Discussed on Trumpcast

"To put a whitewash the other big warning sign is many of these deals i mean i would argue certainly the azerbaijan deal probably the georgia deal they don't seem like they were ever gonna work they don't seem like there were anything like a real business and as one money laundering expert explained to me that's usually the biggest giveaway that because moneylaundering is the prophet so you've already made your profit you're not trying to make a profit and a friend of mine asked we are but when they rather make a prophet you know on the hotel or whatever that they're building the trump hotel why would they wanna lose money and part of it you want to lose money is because failed businesses don't get the same scrutiny they disappear pretty quickly in the money's gone the other reason it's it's really hard to build a successful hotel and and if your goal is just to move a few hundred million dollars from here too there you don't want it to do that work you just want to move the money so i definitely feel like i've shown through my reporting that the trump brand has been used to hide money laundering to legitimise money laundering where i i don't i don't think the trump organization itself was the engineer was figuring out here's how you do it go to this bank than go to that bank i just don't see that expertise in house and just looking at how trump exists in the world i i do wonder with he experiencing it in his mind as oh i'm facilitating money laundering or was he experiencing it as.

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"money laundering" Discussed on Trumpcast

Trumpcast

01:57 min | 3 years ago

"money laundering" Discussed on Trumpcast

"How much is it a part of that i mean obviously a lot of these oligarchs trying to get money out of sketchy places are pudding the men to trump projects but that's not to say that the projects are done with the purpose of attracting that muddy i mean how much do you think the trump organization since is constant aides consciously engaged in facilitating this type of global trade so here's my theory this is a theory and this is a theory rooted in you know you've been reporting on reporting on eric diana it's of sources within the trump organization and that sometime around say two thousand six the trump business fundamentally changes from maybe a little earlier from we build buildings to we sell our name to people who are building buildings and very few people to miracle want them nobody in london or paris or kind of prestige cities want them but surprisingly an awful lot of these oligarchy swap them so buckle azerbaijan i wrote about them amata family which you know known as being especially corrupt even for azerbaijan a lot there's a deal in georgia i wrote about there is a attempt to deal in kazakhstan so this is not these are like third pillar oligarchy in third tier countries these are not the elite i mean what i learned is the real elite they call of goldman sachs and they have some incredibly fancy credit default swap deal that that's totally on the surface legal but but as you know very sophisticated or need that they don't need the trump or they don't need the trump organization and the advantage to the people trump is working with the oligarchy is by putting the trump name on what would have otherwise just been you know corrupt oligarchy tower or whatever it.

eric diana london georgia kazakhstan goldman sachs oligarchy tower paris azerbaijan
"money laundering" Discussed on Trumpcast

Trumpcast

01:31 min | 3 years ago

"money laundering" Discussed on Trumpcast

"He was doing it through the bank of cyprus which was affectively an arm of russian oligarchy so he was doing what the russian oligarchs do yeah so so it would be a lousy place to go if you're trying to hide it so my hunches it was heart trying to hide that he was making that much money as a unregistered foreign agent and to keep it from taxes and that would have been reason enough to do this and that he had no thought he'd get caught and this is where i think we have a decent likelihood of finding a lot more about people in the trump universe because the brazenness of money laundering is striking i mean we i was looking at statistics about cyprus this is a relatively poor country with just over a million citizens that had a banking system worth something like ten almost ten times its gdp nine times its gdp that's crazy i mean america's banking system is is our is the same sizes are gop like normal economies are not they don't have nine times as much that money in the bank as they generate in income in a year says you're doing the banking for much bigger akon for much bigger economies but sipri at banks i guess you call them were lousy banks in fact they collapsed and so it was just it was just this open secret these banks are huge because they are serving the money laundering needs of primarily russians and it was just a.

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"money laundering" Discussed on Trumpcast

Trumpcast

01:58 min | 3 years ago

"money laundering" Discussed on Trumpcast

"With your local financial authority which is then filed with this global or shared with this global thing called the financial action task force and the these are not things that are filed hourly these are you know a big bank like citibank might file a few thousand a year the typical bank my file a few only a handful year but the manafort transactions devilish should have been filed someone some government officials should have seen this guy sure has a weird pattern of depositing huge amounts of money and then that money so what we know is manafort was taking that money from the bank of cyprus and then paying vendors in the us now there would have been an intermediary so the vendor in the us there was they listed a rug dealer or dealer and two men though the us earn interest or a home improvement company in the hamptons they would have had a bank so it it said that this money was wired so there would have at least been two banks the bank of cyprus and the bank it was wired to their also be swift the international money transfer system and so these all should have been shooting off these suspicious transaction reports now it's not entirely clear what happens with a suspicious transaction reports but it it it these should have been shot off i mean what he did was so standard it actually shows you just how how bold he was and how little concern he had for being caught because he was doing so little to hide what he was doing the money is a massing in the bank of cyprus in a handful of different llcs that he keeps for using it sending money to all of these companies not it's five of them something like that i forget the exact number but the the rugs store the two men's clothing stores the home improvement store the antique shop and it's coming in periods it's coming every two weeks or every month some a few times he skips the few months.

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"money laundering" Discussed on Trumpcast

Trumpcast

01:42 min | 3 years ago

"money laundering" Discussed on Trumpcast

"So go to the tracker dot com slash trump gathia 20 percent off any order that's the key r a c k r dot com slash trump cath joining me in the studio today is adam davidson of the new yorker planet money where else adam brooklyn new york excellent park slope here we are s here we are in in athletes brooklyn studios and i wanted to talk to you about money laundering 'cause the year one of the few people i know who i think really understands this and it's at the heart of this indictment of paul manafort and rick gates from bob muller's office and you know we money laundering it's one of these terms he will throw around a lot like you know drug dealers have to launder their money because the money's dirty and they have to get a clear what is money laundering why did what people have to do it why would paul manafort be money laundering sure so money laundering as separate from whatever the original crime was selling drugs are doing the bidding of ukrainian hogarth's or whatever money laundering is transferring money from one place to another to make it useable in that new jurisdiction without carrying the stain of the original crime so you know i think breaking bad remains the great money laundering explainer that i've ever seen you know here's a guy making way too much money than he can explain as a teacher by making drugs he has all this cash he wants to use the cash in some way so how does he get it out in the world in a bank account able to.

adam davidson money laundering paul manafort rick gates bob muller hogarth bank account new yorker adam brooklyn york excellent park 20 percent
"money laundering" Discussed on Trumpcast

Trumpcast

02:07 min | 3 years ago

"money laundering" Discussed on Trumpcast

"Comcast is brought to you today by tracker tracker pixel is the lightest bluetooth tracking device on the market use to keep track of misplaced items go to that tracker dot com enter promo code trump cast to get 20 percent off any order that's the tracker dot com slash trump cast for twenty percent off the track or dot com promo code trump cast i think that if kushner is not sleeping soundly it's financial and it's the data analytics relationship to the facebook social media thing he he is playing a very serious hand here financial use of these guys from glowing kushner they're all on moller's table did trump now all of the unknowns at all did he know nullity because he's incompetent eased some small channel two b e hello and welcome to trump cast the show about the man who wishes he could tell the fbi to prosecute his political enemies but knows he isn't supposed to donald trump i've jacob weisberg first an announcement we have a live show coming up at the north theater in san francisco on november 14th you can get tickets for it at a slate dot com slash live this one's going to be fun we're going to have john d to benaco in character as you know who jamal bui virginia heffernan and hey if you of topics suggestions for things you'd like to hear us discuss that show send them to us at real trump cast that's our twitter handle you should be following us anyway so this a newish netflix show out called ozark i just started watching it if you love breaking bad you'll think hey this is the same basic idea but not nearly as good instead of making math the lead character played by jason bateman is busy laundering money for a mexican drug cartel one of the things i do like about ozark though is its focus on the mechanics of cleaning dirty money.

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"money laundering" Discussed on WTMJ 620

WTMJ 620

02:16 min | 3 years ago

"money laundering" Discussed on WTMJ 620

"The evening and he said that he and others you'll be it it is clearly money laundering any in addition to that he also called for an immediate congressional investigation regarding got crime i'd i'd like to see the explanation of money laundering of relearn so much bonded with these since they manafort a a situation that the money to be money laundering would have to be illegal added source and your laundering it and make it legal so i understand because we live we use the term 'political money laundering as as when the the of hillary campaign to the dnc funneled the money through that eventually got to christopher steal to do the dossier a and put it through an and you could look at it and say it that may be you know trying to hide the money but the money was it illegal to begin with so if we become a reporting crimea and appearing to yaffe sia and according to the indictment thank you john according to the indictment it is basically it was the intent to hide it and not pay taxes on it bring it into the us and not pay the taxes on it on that rasta tube of the money laundering well according again just to the indictment that's the charge whether they'll be able to to show that prove that that was our era or we'll see that we'll see that uh rises to money laundering um and and so now now eight i don't know what what mr cheif it's was referring to well that's in the eye the how that figures were it's what i said is at yoshi gate she she um gave the money in the contract that was supposed to be used to help the state's but took some of that money and used it on the federal level which again would be an f e and i understand political money laundering you're moving money saint is going to go when where but it goes another air another way technically that's not the criminal code of money laundering uh but we understand what you're saying that the the the the public goal is to put it over here but you put it over there and that becomes and enough he c violation again we need to be careful we use the term money laundering.

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"money laundering" Discussed on KBOI 670AM

KBOI 670AM

02:19 min | 3 years ago

"money laundering" Discussed on KBOI 670AM

"The evening and he shows that he and others you it is clearly a money laundering army in addition to that he also called for an immediate congressional investigation regarding that crime i'd i'd like to see the explanation of money laundering says relearn so much batard with these since the manafort a situation that the money to be money laundering would have to be illegal at its source and your laundering it and make it legal so i understand it because we we use the term 'political money laundering as as when the the uh hillary campaign of the dnc funneled the money through that eventually got to christopher steal to do the dossier a and put it through an and you could look at it and say it that may be you know trying to hide the money but the money was a de legal to begin with so if we become save reporting crimea and according to the fec yeah and according to the indictment and thank you john according to the indictment it is basically it was the intent to hide it and not pay taxes on it bring it into the us and not pay the tax that they on it on that routes to to to the money laundering well according again just to the indictment that's the charge whether they'll be able to to show that prove that that was a iraq war we'll see that we'll see if that uh rises to money laundering um and in so now i ate i don't know what what uh mr cheif it's was referring to will than's and guy iin the how that i think is really what i said is that you'll she gave she she um gave the money in the contract that was supposed to be used to help the state's but took some of that money and used it on the federal level which again would be an f the and i understand political money laundering you're moving money sane is going to go when we're but it goes another air another way technically that's not the criminal code of money laundering but we understand what you're saying that the the the the public goal is to put it over here but you put it over there and that becomes and in fp see violation again we need to be careful we use the term money laundering it's the same ofce as collusion now which is in.

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"money laundering" Discussed on KKAT

KKAT

02:29 min | 3 years ago

"money laundering" Discussed on KKAT

"Felony kcup of that let's get to the money laundering point i seen remember years ago we talked about money laundering in the underlying you know use on i forget what the case was but remind everybody what are your guy with the cape down in tech the that's what i realize yes yeah robert remind everybody what's involved here here yeah i think it with pumped away but you're right yeah so here's the thing that you know a year scary what your memory i'm glad you're not a prosecutor anymore and i'm not a defendant i call it the tricky thing with money laundering is you can do a lot of the nafo working with money that isn't money laundering because the pro about but money has to be criminal per play before you start move moving at around it's got to be derived from criminal activity before muddy water so if you get money would get him netflix and then you start to move at around through a bunch of different account and you know change the form of it by purchasing at that i'm a white it can look like money laundering cooked up the kind of stuff that money wondering who but if you if you haven't started from jump street with the proposition up a but you're talking about evacuate criminally derive proceed but you don't have a money laundering k because is his net rational because basically can pretty much do within within certain limits what you want with your own money i mean you earn it to cheer money and there's really nothing to hide correct right the only reason these laws or even in a back is because of things like drug trafficking in and mafia type racketeering be bogeyed government understands that the best way to prove both cases are one of the best way to show but money trail for they make you formulate a money trail but that doesn't mean that if you come about your money would guesstimate way that there's any problem what you moving around however so you truth the move it around you just have to comply with these regulations is the other than being understood to be part and the critical element of money laundering a charge is there anything in this indictment that factually provides information that the money was criminally obtained i don't think but.

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"money laundering" Discussed on MSNBC Rachel Maddow (audio)

MSNBC Rachel Maddow (audio)

01:41 min | 3 years ago

"money laundering" Discussed on MSNBC Rachel Maddow (audio)

"As a money laundering scheme though what was alleged in this rico lawsuit this one was pretty simple fight this is money from putin from the russian government that ultimately get spent on buying proputin pro russian government officials to run the nation of ukraine right next door to russia of great concern to putin and yeah they they they washed that money and tumbled it dry allegedly through this gas company in the gas deal an oligarch in the new york real estate iata but that was just intentional complication the point was for putin to use government money to buy himself a friendly proputin government in neighbouring ukraine and that was basically how russia managed its relations with ukraine for years that's how russia and ukraine had good relations had what's by that's why putin was so comfortable with ukrainian government so long because he bought it himself and not plan it worked for a while until the didn't anymore because ultimately ukrainians rose up in overthrew their corrupt pro putin government in a revolution that freaked flood amir putin out like you cannot believe and ukraine's proputin dictator had to flee the country and go hide in moscow where he remains out for a while they're though before the revolution the front people rose up the russian plan really did seem to be working and while it was working a lotta people made a lot of money out of that scheme and not just the oligarchs in the dictators.

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