October 3, 2014

Fedex Money Laundering Probe


Chicago partner Dan Collins participated in a podcast for the Association of Certified Financial Crime Specialists (ACFCS). Dan guided ACFCS through the case and the prosecution trends on corporations that are held liable for facilitating financial crimes.

FedEx Corp., the world’s largest cargo airline and shipping service is facing charges for suspected money laundering brought by the U.S. Department of Justice. FedEx Corp. was indicted by federal prosecutors in August over the allegations of conspiracy to launder money earned by shipping illicit pharmaceuticals for unlicensed online shops.

FedEx has pleaded not guilty to federal charges, claiming it cannot be responsible for the contents of the packages customers send through its shipping service.  U.S. authorities say FedEx conspired to launder more than $630,000 in shipping payments that allegedly came from the illicit sale of drugs.

Services and Industries

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