Cash Laundering

Casinos may offer a classic approach to laundering money, but far more common are trade-based techniques in which businessmen under- or over-invoice for products and services. Still other methods center of gemstones and collectibles. Criminals aim to destroy any audit trail that leads to cash-generation sources.

EU Spotlights Saudi Arabia’s Money-Laundering Issues

Brussels is having second thoughts about embracing Saudi Arabia’s stature on the global stage, at least as far as the Kingdom’s money laundering protocols are concerned. The European Commission is poised to announce a “black list” of non-compliant countries. Saudi…