The Treasury Department is seeking public input on a plan to increase oversight of all-cash real estate transactions to try to crack down on money laundering.
BuzzFeed senior Investigative reporter Jason Leopold talks about how and why banks have allegedly let trillions of ill-gotten money pass through their hands without taking action.
The Feds have accused Liberty Reserve of moving $6 billion for criminals involved in credit card fraud and Ponzi schemes by converting cash to virtual currency.
The recent crisis in Cyprus threw the spotlight on its reputation as a haven for money launderers. Now, some dodgy investors with money its banks have taken a hit. Where can they turn now to shelter their ill-gotten goods?
