When billions in dirty money move through hidden pipelines, who stops it?  

In this episode, Aidan Larkin speaks with investigative journalist and co-founder of the Organized Crime and Corruption Reporting Project (OCCRP), Paul Radu, about the uphill battle to reclaim stolen assets.

Paul reveals how real estate has become a global laundromat for illicit cash and why political will and public accountability are often missing from the fight. They delve into the collision of cash and crypto in laundering schemes, the role of technology in exposing networks, and why professional enablers must be held accountable for facilitating financial crime. 

Timestamps

00:00 – Introduction and Background 

03:00 – Scale of Illicit Finance and Asset Recovery 

08:50 – Real Estate, Political Will, and Law Enforcement Challenges 

17:45 – Public Accountability, Global Coordination, and Citizen Involvement 

23:50 – Technology, Crypto, and the Future of Money Laundering 

29:55 – Transparency, Professional Enablers, and Concluding Thoughts 

About our Guest

Paul Radu is an investigative journalist and co-founder of the Organized Crime and Corruption Reporting Project (OCCRP). Over the past 20 years, he has investigated corruption, organized crime, and illicit financial networks across Europe and beyond. Through his reporting, he exposes systemic corruption and criminal enterprises, providing critical insight into asset recovery, financial crime, and the global fight for accountability. 

Key Takeaways

The Scale of Illicit Finance: Illicit finance totals around $3 trillion annually, with a significant portion invested in real estate, which criminals use to store assets and worsen housing crises. 

The Role of Investigative Journalism: Investigative journalists often uncover corruption and criminal networks, providing evidence that prompts law enforcement action. 

Political Will and Public Accountability: Strong political support is essential for launching large-scale investigations, and public scrutiny can drive local authorities to act against illicit finance. 

Global Coordination and Transparency: Effective asset recovery requires international collaboration and data transparency, enabling citizens and authorities to track and challenge illicit asset ownership. 

Professional Enablers and Criminal Innovation: Lawyers, bankers, and other enablers must be held accountable, and traditional money laundering methods remain important despite the rise of crypto. 

Resources 

Organized Crime and Corruption Reporting Project (OCCRP) 

OCCRP Report: Dubai Unlocked 

The Independent: Protesting dirty-money luxury homes in London 

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Dive deeper into the world of asset recovery by subscribing to Seize & Desist 

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