Information Center: Oil, banks

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Ken Silverstein
January 3, 2003

An article that assesses the large amount of revenue the government of Equatorial Guinea gains from oil money in comparison to the continued poverty of many of the nations citizens. The article also discusses the involvement of U.S. banks in supporting the Equatoguinean government's activities.

United States Senate Permanent Subcommittee on Investigations
February 4, 2010

This report examines how politically powerful foreign officials, their relatives, and close associates have used the services of U.S. professionals and financial institutions to bring large amounts of suspect funds into the United States to advance their interests. Using four case histories, including Equatorial Guinea, this report shows how some foreign individuals have used U.S. lawyers, real estate and escrow agents, lobbyists, bankers, and even university officials, to circumvent U.S. anti-money laundering and anticorruption safeguards. This report also offers recommendations to stop the abuses.

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