Industry WIKI

In 2014, $1 billion disappeared from three Moldovan banks: Banca de Economii, Unibank and Banca Socială. This bank fraud was a coordinated effort involving all three banks working together to extract as much loan finance as possible from the banks without any obvious business rationale. Ilan Șor, a Moldovan businessman, together with Vladimir Plahotniuc and Serghei Iaralov "masterminded"

Money laundering is the process of illegally concealing the origin of money obtained from illicit activities (often known as dirty money), and converting the funds into a seemingly legitimate source. As financial crime has become more complex and financial intelligence is more important in combating international crime and terrorism, money laundering has become the subject of prominent p

The Pandora Papers are 11.9 million leaked documents with 2.9 terabytes of data that the International Consortium of Investigative Journalists (ICIJ) published beginning on 3 October 2021. The leak exposed the secret offshore accounts of 35 world leaders, including current and former presidents, prime ministers, and heads of state as well as more than 100 business leaders, billionaires,

The Russian Laundromat was a scheme to move $20–80 billion out of Russia from 2010 to 2014 through a network of global banks, many of them in Moldova and Latvia. The Guardian reported that around 500 people were suspected of being involved, many of whom were wealthy Russians. The money laundering scheme was uncovered by Global Laundromat, an investigation. The New Yorker says that that o

The Laundromat is a 2019 American comedy-drama film directed by Steven Soderbergh with a screenplay by Scott Z. Burns. It is based on the book Secrecy World about the Panama Papers scandal by author Jake Bernstein. The film stars Meryl Streep, Gary Oldman, Antonio Banderas, Robert Patrick, Jeffrey Wright, David Schwimmer, Matthias Schoenaerts, James Cromwell, and Sharon Stone.