U.S. Escalating Money Laundering Probes

US banks warned to be more proactive in identifying ‘dirty money’ Wachovia Bank recently agreed to pay $160 million to settle allegations by the Treasury and Justice departments that it operated with a weak anti-money laundering regime between May 2003 and June 2008. Thanks to its lack of AML controls, Wachovia unwittingly laundered a significant […]

Presentation zeroes in on trade data and money laundering.

John Zdanowicz, Florida International Bankers Association (FIBA) Chair and professor, Department of Finance and Real Estate, College of Business Administration at Florida International University (FIU), spoke at the High Intensity Financial Crime Area (HIFCA) Financial Symposium on June 24, 2009. He presented on “Statistical Use of Trade Data to Identify Money Laundering.” Held at the […]

Two experts on international trade offer observations about money laundering.

John Zdanowicz, professor and Florida International Bankers Association Chair in the Department of Finance and Real Estate, was quoted extensively in an article titled “Money launderers wash billions through international trade,” the cover story in Business Monday in The Miami Herald on May 11, 2009. Since 1990, Zdanowicz has worked with monthly data the federal […]

Transfer pricing holds clues to international money laundering, terrorist financing, and more.

Combine an economist, a detective, and a pioneer and you end up with John Zdanowicz, professor and Florida International Bankers Association Chair, Department of Finance and Real Estate in the College of Business Administration. For years, he has followed an investigative path that began with a study of international trade patterns, moved to international trade […]