Browse the ICIJ’s complete collection of articles and commentary on the FinCEN Files investigation.
The Office of Foreign Assets Control said the firm managed a $20 million investment for Suleiman Kerimov, a member of Putin’s inner circle, after he was sanctioned in 2018.
The rule, which was held up in court for the last few months, would require foreign and domestic companies to disclose their true owners.
Treasury had to issue a note clarifying that, despite a court victory last week, another legal challenge continued to block progress on a key corporate transparency reform.
Attorney General Merrick Garland said the Canada-based bank “created an environment that allowed financial crime to flourish.”
Two years before his arrest in Miami, Andrew Alturo Fahie pledged to pull back the curtain on the islands' notoriously secretive financial services industry.
A former SCB banker claims the U.S. government misled a federal court about his role in exposing the bank’s dealings with sanctioned Iranian entities and international "terror groups" after the bank had pledged to stop.
Researchers cited ICIJ’s 2020 investigation into a Ukrainian oligarch’s sprawling property portfolio among 25 cases of allegedly ill-gotten funds being funneled into the sector.
The watchdog, set to launch in 2025, will lead a European push to curb illicit financial flows.
Advocates have warned that criticism and challenges from business groups and their political allies are sowing confusion and fear among business owners.
A decade of fresh data shows only a handful of cases were brought against financiers for ignoring money laundering red flags, while few “wealthy” people faced criminal consequences for tax fraud last year, according to new reports.
The draft disclosure form — panned by lawmakers and transparency advocates alike — previously included options for entities to check “unknown” when reporting ownership information to FinCEN.
A new Europol report has found that 70% of criminal enterprises are utilizing money laundering techniques to hide wealth and garner assets, outpacing authorities who are struggling to uncover their crimes.
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The pretrial detention of banking and media tycoon Ihor Kolomoisky comes as Ukraine pledges to root out corruption.
A new state bill modeled on the federal Corporate Transparency Act aims to expose company owners and share the information in a publicly searchable database.
The incoming director of the federal financial crimes unit faces an uphill battle to deliver reforms to thwart illicit money flows amid warnings the agency’s corporate ownership database is not fit for purpose.
Experts warn loopholes that allow suspect donations to flow into politics put the country’s elections at risk of foreign inference.
Transparency activists warn that delays to U.S. reforms designed to thwart illicit money flows have grave global implications.
The American Bankers Association’s criticism is the latest setback for the U.S. Treasury as it attempts to set up a company ownership database.
An ICIJ investigation detailed how Swiss businessman Alexander Studhalter was at the center of a vast web of shell companies tied to Kerimov that moved billions via American banks.
ICIJ member Golden Matonga shares stories of exposing government corruption and doing his part to ensure democracy endures in Malawi.
After ICIJ’s FinCEN Files investigation, transparency advocates cheered a new law mandating a beneficial ownership register in the U.S. Two years later, experts are expressing serious concerns.
ICIJ's media partners have used the Pandora Papers, FinCEN Files and Paradise and Panama Papers to uncover numerous secret networks of Russian oligarchs, businesspeople and more.
In testimony, FinCEN's acting chief says ‘outmatched’ team is falling behind on policing cryptocurrency and implementing major anti-money laundering law.
What’s an oligarch? How do sanctions work? What have ICIJ investigations revealed about Vladimir Putin and his money? We answer frequently asked questions about Russia and offshore finance.
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The Amadea, believed to be owned by sanctioned gold tycoon Suleiman Kerimov, is the latest target in an international search for luxury vessels linked to close allies of Vladimir Putin.
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