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Posts Tagged ‘money laundering’

Money Launderers’ Bank Facilitation

By Ricardo Swire Erudite criminal characters partner with select international banking executives and corporate community elements to successfully launder large cash amounts, legitimate fronts recirculating underworld profits.

Policing the Police

AFP photo   By Ricardo Swire The United Nations International Commission against Impunity created the Comisión Internacional Contra la Impunidad en Guatemala (CICIG) to conduct a complex exercise reforming the country’s security and judiciary establishments.

Caribbean Money Laundering Choke Hold

CMC photo   By Ricardo Swire Sophisticated money laundering schemes invisibly bankroll transnational drug cartels’ presence in the Caribbean community. The cold war’s end signaled the start of an era where Russian organized crime syndicates formed alliances with Italian Mafia and Colombian drug cartels to invest billions of dollars looted from the former Soviet Union […]

2017 Caribbean Watch List

By Ricardo Swire International documentation continues to highlight the seriousness of money laundering and drugs trafficking in Caribbean territories, a March 2017 US State Department Report focusing on the Federation of St Kitts & Nevis’ susceptibility to “corruption and money laundering.”

Classic Money Laundering

ANP photo   By Ricardo Swire Rabobank N.A is one of the Netherlands’ largest financial institutions. Fiscal specialists allocate a “Triple A” rating to the influential entity in Europe, the Bank’s assets worth more than US$550 billion.

Dominican Republic’s Drug Trafficking Distinction

Ricardo Rojas/Reuters   By Ricardo Swire Caribbean tourists of mixed nationalities are transported by planes and ships that frequently come and go, a perfect camouflage for transnational traffickers.

Marriage Of Convenience

Mohammed Jalil/EPA   By Ricardo Swire The Western Hemisphere is part of the globe that includes North and South America, accompanying islands and surrounding waters. The US State Department’s 2015 report stated South America and the Caribbean serve as areas of financial and ideological support for the Islamic State (IS), in addition to other Middle […]

Mapping Underworld Finances

By Ricardo Swire Cash moves across the world in a matter of seconds, with just one touch of a computer’s keyboard. Technology allows “dirty money” to disappear and with it any chance of confiscation.

‘Black Money’s’ Origin of Funds mystique

AP photo   By Ricardo Swire The “Origin of Funds” policy is selectively enforced, but mandatory where there is no accurate data related to individuals who made suspicious or flagged payments to an American corporation.

Operation Unified Resolve

Joe Raedle/AFP   By Ricardo Swire Operation Unified Resolve, the fourteen day law enforcement multi-agency maneuver orchestrated by US Federal Bureau of Investigations (FBI) Tampa Florida agents, infiltrated a major transnational drugs and money laundering syndicate.

Code Name “Emerald”

By Ricardo Swire The Kingdom of the Netherlands’ Caribbean “Emerald” investigation began in April 2016 as an offensive against international fraud, money laundering and venality.

Death Threat

By Ricardo Swire Caribbean media outlets recently quoted reports of a paid JCA$5,000,000 or US$38,415 assignation bounty on a key Jamaica Constabulary Force (JCF) Sergeant’s head. Evidence points to an illegal lottery scheme boss, whose name appears on an active US government extradition warrant. JCF intelligence noted a matching financial exchange, between the US based […]

The ‘De-Banking’ Element

By Ricardo Swire Financial institution gurus term the trend “de-risking” or “de-banking.” Over the past five years several major international banks discarded longstanding Caribbean relationships. Barbados, the Bahamas, Eastern Caribbean Currency Union (ECCU), Guyana, Haiti, Jamaica and Trinidad & Tobago all had Correspondent Bank Relationships (CBR) terminated. That US dollar transactions underpin commerce is a […]

The European Union – building lethal walls

By Rupen Savoulian The scandal is not the mass migration of refugees into Europe – the scandal is how the European Union is treating them.

NGOs question allegation of corruption filed by DRC President

  By Darell Maurice In the Democratic Republic of Congo, Non Governmental Organisations (NGOs) associated with the protection of Human Rights are questioning the complaint lodged earlier this week by President Joseph Kabila calling for an investigation into acts of fraud, corruption and money laundering.

How mobile money is helping Africa to save $2bn annually

  By Niyi Aderibigbe Mobile phones have proven to be potential game-changers in boosting access to financial products and services to people in Africa. This is particularly true for those at the bottom of the socio-economic pyramid as seen in East Africa.