OFAC has sanctioned, pursuant to Executive Order 13818 (asset freeze and travel ban), members of a South African family, Ajay, Atul and Rajesh Gupta, and their business associate Salim Essa for engaging in “significant corruption”. Sigal Mandeleker, Treasury Under Secretary for Terrorism and Financial Intelligence, said that the family “leveraged its political connections to engage […]

British police have made the biggest seizure of cash in the country’s history as part of a global money laundering bust. A specialist group of officers known as the Fraud Squad seized £30 million ($43 million) in money orders when they arrested a 58-year old man this week. Money orders can be easily converted into […]