Tag Archives: Financial regulation

26Feb/26

Banking Complicity and the Jeffrey Epstein Enterprise

February 26, 2026FinanceAnti–money laundering, Asset management companies, Charles Packard, Chase Bank, Child sexual abuse in the United States, Deutsche Bank, Deutsche Bank S, Financial regulation, Frankfurt, House of Morgan, Jacksonville, Jeffrey Epstein, Jes Staley, JPMorgan Chase, Know your customer, Lawsuits Because, Level Interference, Mary Erdoes, Money laundering, New York, Paul Morris, Primary dealers, relationship manager Paul Morris, Sheri Quigley, Tammy Hill-McFadden, u.s. department of justice, U.S.C., United Statesadmin

Profits Over Compliance: How Major Banks Financed Jeffrey Epstein’s Sex-Trafficking Enterprise

25 Feb. 2026 /Mpelembe Media/ — Financial experts investigate the systemic compliance failures at major financial institutions, specifically focusing on Deutsche Bank’s relationship with Jeffrey Epstein. Despite his status as a convicted sex offender, the bank onboarded Epstein as a high-value client, allegedly ignoring suspicious transactions and internal warnings from whistleblowers. This negligence led to a $150 million regulatory fine and a landmark $75 million settlement with his victims, who accused the bank of facilitating a sex-trafficking enterprise. The texts also explore broader themes of white-collar crime, arguing that corporate fines often fail to deter misconduct because they burden shareholders rather than the responsible executives. Additionally, the materials highlight how “prestige bias” and the institutionalization of plausible deniability allow powerful individuals to bypass standard anti-money laundering controls. Documents further detail the bank’s involvement in other scandals, including dealings with Russian oligarchs and suspected terrorist financing. Continue reading →

01Dec/25

World Finance: AI, Geopolitics, and Financial Award Winners

December 1, 2025MediaAltman, Artificial intelligence, Economic bubble, Financial regulation, Greece, Money laundering, OpenAI, Sam Altmanadmin

World News Media announced the release of the World Finance Winter 2025–26 edition. The central focus of the new magazine issue is the state of global financial markets, particularly examining the instability caused by rapid technological change and shifting geopolitical dynamics. A prominent feature focuses on the unparalleled impact of OpenAI CEO Sam Altman on the artificial intelligence sector, addressing concerns around ethics and investment bubbles. Further comprehensive reports analyse topics such as the record surge in gold prices, the new EU agency established to combat money laundering (AMLA), and the lengthy path of economic recovery for Greece. The text concludes by listing the multiple categories of World Finance awards presented in this edition, celebrating achievement across digital banking, investment management, and sustainable finance. Continue reading

29Sep/25

Oracle Banking Payments Swift Compatibility for 2025

September 29, 2025FinanceCross-Border Interbank Payment System, Financial regulation, Interoperability, ISO 20022, Market data, Oracle Corporation, SWIFTadmin

Oracle Financial Services has achieved Swift Compatible Application status for its Oracle Banking Payments solution, specifically in anticipation of Payments 2025. This validation confirms that the platform meets Swift standards for security and interoperability, which is crucial as the financial industry prepares for the mandated ISO 20022 MX message format migration set for November 2025. Continue reading

07Mar/25

Money Laundering: Following the Illicit Drug Trade’s Dirty Money

March 7, 2025FinanceAfghanistan, Anti–money laundering, Beneficial ownership, Bolivia, China, Colombia, Drug trafficking organizations, Financial Action Task Force, Financial regulation, Illegal drug trade, Laos, Money laundering, Myanmar, Offshore bank, Thailand, The Walker Gravity Model, Title III of the Patriot Act, United Statesadmin

March. 7, 2025 /Mpelembe Media/ — The crucial role of money laundering in the illicit drug trade, estimating its global value at half a trillion US dollars annually. It details how drug cartels function as international logistics companies, with profits distributed across the supply chain from producers to street-level dealers. Continue reading →

04Jun/23

New Independent Research Study Reveals Majority of Global Financial Institutions Are Unable to Respond Effectively to Fraud and Financial Crime

June 4, 2023FinanceCrime, Financial crime, Financial regulation, Forrester Consulting, Fraud, Money laundering, Property crimes, Property law, Tax evasion, Terrorismadmin

BioCatch, the pioneer of behavioral biometric intelligence and a leader in digital fraud detection, today announced the findings of a new commissioned study conducted by Forrester Consulting on behalf of BioCatch: “Improve Fraud and Anti-Money Laundering Operations With A Proactive And Unified Approach.” The research reveals the reality about the concern and readiness of the world’s largest banks’ ability to effectively respond to the changing fraud and financial crime landscape. This research comes on the heels of increasing media and regulatory body reports that money laundering scams are increasing at alarming rates. Continue reading

18Apr/23

The Financial Intelligence Centre (FIC) of Zambia on trade-based money laundering (TBML)

April 18, 2023EconomyAfrica, Articles, Corruption, Corruption in Russia, Financial regulation, Geography of Africa, Money laundering, Police corruption, Political corruption, Tax evasion, Terrorism, Zambiaadmin

April 18, 2023 /Business/ — The Financial Intelligence Centre (FIC) of Zambia has published a report on trade-based money laundering (TBML) in the country. The report found that TBML is a serious threat to the Zambian economy and that it is being used to finance a variety of criminal activities, including terrorism, corruption, and drug trafficking.

The report identified a number of factors that make Zambia vulnerable to TBML, including: Continue reading →

16Apr/23

Impact of the Al Jazeera’s Gold Mafia Investigation in Africa and its leaders

April 16, 2023FinanceBusiness law, Corruption, Crime, Financial Action Task Force on Money Laundering, Financial regulation, London, Money laundering, Patriot Act, Patriot Act, Title III, Tax evasion, Terrorism, Title IIIadmin

LONDON, 13 April 2023 / — It is still too early to say what the full impact of Al Jazeera’s Gold Mafia investigation will be on Africa and its leaders. However, the investigation has already had a number of significant impacts. Continue reading →