Financial Crime Network
Articles
Published October 17, 2025
Between 1925 and 1931, as the head of the Chicago Outfit, Capone controlled extensive gambling, prostitution, and bootlegging operations during Prohibition. Today’s date, October 17th, marks the day a Chicago jury convicted Capone on five counts of federal income tax evasion in 1931. Thirty-eight days later, he was sentenced to 11 years in federal prison, fined $50,000, and ordered to pay $219,260.12 in back taxes, plus $7,692 in court costs. He served his federal prison sentence at both Atlanta U.S. Penitentiary and Alcatraz Federal Penitentiary.
Published April 3, 2026
In this article, Financial Crime Network explores the Hubs, Fronts, and Gatekeepers that are facilitating illicit activity and impacting the integrity of global financial systems. Illicit finance, comprised of shell companies, underground actors, and secrecy havens has enabled transnational criminal organizations to promote, conceal, and advance their enterprises. By focusing on Hubs, Fronts, and Gatekeepers, coupled with stressing the importance of international cooperation, industry officials and investigators will ensure a resilient and efficient global financial system by detecting, deterring, and combating facilitators of financial crime committing jurisdictional arbitrage.