Monday, November 5, 2012

Austria Banks Investigated Laundering Iran Money | Monte Friesner Breaking News |

FROM THE - JOURNALS of Monte Friesner Criminal & Intelligence Analyst and Consulaire for WANTED SA ~
 
Contributed & Written by Kenneth Rijock ~
 
 

AUSTRIA : A HUB FOR IRANIAN MONEY LAUNDERING

 

The authoritative Simon Wiesenthal Centre has added its own significant voice to those who are accusing Austrian financial institutions of being active participants in Iranian sanctions evasions and money laundering. A spokesman for the centre has stated that  Austria is the weak link in the chain of European banking, regarding Iran.

Cash, in Euros or US Dollars, is delivered by covert methods to money service businesses and banks in Austria, who then pay for outstanding Iranian orders, generally from Russia and China, for goods, which are shipped to Iran, in support of its illegal and sanctioned WMD and ballistic missile programmes, effectively evading international and national sanctions.
 

A senior aide to Iranian President Amadinejad has taken extended trips to Austria each year since 2007, reportedly to run the illicit money laundering operation. He is linked to an Iranian government agency, the Centre for innovation and Technology Cooperation, OFAC-sanctioned for its role in the illegal programmes.

This raises the question; is Austria practising a form of "neutrality" towards Iran, similar to that observed by Switzerland with Nazi Germany during the Second World War, when Swiss banks accepted gold extracted from German concentration camp victims ? The Austrians are trading with a country whose sanctioned nuclear programme represents a clear and present danger to Europe and the world. Is profit more important to Austrian banks than the threat of nuclear war ?
My advice to the US Assistant Secretaries of the Treasury, who have met with government and banking officials throughout the Middle East, to persuade then to cease any financial contact with Iran, is to request that they go to Vienna, immediately, and shut what the Wiesenthal Centre referred to as the "hub of abuse for money laundering."

WANTED SA kindly thanks US Treasury, Kenneth Rijock, AFP, Reuters, BBC, Associated Press, DEA, FBI, ICE, Westlaw, Arutz Sheva, and all the Parties, Press, Journalists, Law Enforcement and Securities forces  who have contributed to the many articles and their sincere opinions and statements.

WANTED SA states that the facts and opinions stated in this article are those of the author and not those of WANTED SA. We do not warrant the accuracy of any of the facts and opinions stated in this article nor do we endorse them or accept any form of responsibility for the articles.

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Sunday, November 4, 2012

Coutts Bank Ignores Guidelines For Wealthy Clients | Monte Friesner Financial News |

FROM THE - JOURNALS of Monte Friesner Criminal & Intelligence Analyst and Consulaire for WANTED SA ~
 
Contributed & Written by Kenneth Rijock ~
 
 
 

DO NOT USE COUTTS DEFICIENCIES AS PEP GUIDELINES

 


If you did not have a chance to review the March FSA report on Coutts, you will find a number of good examples of what NOT to do when dealing with high-risk international clients. There's also a list in the report regarding Politically Exposed Persons (PEPS) and high-risk clients that I recommend you review, to see whether your programme measures up:

(1) Gather sufficient information about a prospective PEP and other high-risk customers, to establish their Sources of Wealth and income.

(2) Establish the Source of Funds received at the outset of the high-risk customer relationship.

(3) Gather sufficient information about prospective high-risk corporate customers, such as information regarding business activities, ownership and control structures and the intended purpose of the business relationship.

(4) Identify and/or assess adverse intelligence about prospective and existing high-risk customers properly, and take appropriate steps in relation to such intelligence.

(5) Keep the information on existing PEPs and other high-risk customers up-to-date.

(6) Scrutinise transactions made through PEP and other high-risk customer accounts appropriately.

These are excellent guidelines, and I recommend them; Our thanks to the FSA.


WANTED SA kindly thanks US Treasury, Kenneth Rijock, AFP, Reuters, BBC, Associated Press, DEA, FBI, ICE, Westlaw, Arutz Sheva, and all the Parties, Press, Journalists, Law Enforcement and Securities forces  who have contributed to the many articles and their sincere opinions and statements.
 
WANTED SA states that the facts and opinions stated in this article are those of the author and not those of WANTED SA. We do not warrant the accuracy of any of the facts and opinions stated in this article nor do we endorse them or accept any form of responsibility for the articles.

Friday, November 2, 2012

Petaquilla Mines Has Ban On Any Trading Related to the Rights Plan | Monte Friesner Financial News |

FROM THE - JOURNALS of Monte Friesner Criminal & Intelligence Analyst and Consulaire for WANTED SA ~
Contributed by Henry Lazenby

 

 

BC Regulators Reject Petaquilla Shareholder Rights Plan |


British Columbia (BC) securities regulators had rejected Panama-focused miner Petaquilla Minerals’ shareholder rights plan, dealing the company a blow in its bid to fend off a $140-million hostile takeover offer from Canada-based Inmet Mining.

The BC Securities Commission (BCSC) on Wednesday ruled a ban on any trading related to the plan effective after markets close on Friday.

The ban would cover "trading any securities issued, or to be issued, under, or in connection with, the Petaquilla shareholder rights plan, including, without limitation, any rights issued under that plan and any common shares of Petaquilla to be issued upon the exercise of those rights."

The BCSC would also force Petaquilla to publicly affirm it had waived the shareholder rights plan against Inmet’s offer.

Petaquilla on Monday said its board unanimously rejected a sweetened offer by Inmet, saying it undervalued the company and its “considerable” growth prospects.

Inmet had increased its takeover offer by 25% on the original offer announced on September 5. The company said the new offer represented a 71% premium to the closing price of Petaquilla shares on September 5, before Inmet first announced its offer.

Inmet's offer was seen as a move to consolidate the area around its $6.2-billion Cobre Panama copper/gold project.

Petaquilla's Molejon gold mine is located next to Inmet’s 80%-owned Cobre Panama, which is seen as Panama's largest-ever mine development.

Petaquilla had maintained that Inmet needed some of its land rights in order to complete construction of the Cobre Panama Project; however, Inmet had repeatedly stated this was not the case, and that completion of the project did not hinge on Petaquilla’s cooperation.

Petaquilla’s shares closed down 4 Canadian cents at 60 Canadian cents apiece on Thursday, and that of Inmet closed up 2.16% at C$52.61 apiece.
 
WANTED SA kindly thanks US Treasury, Kenneth Rijock, AFP, Reuters, BBC, Associated Press, DEA, FBI, ICE, Westlaw, Arutz Sheva, and all the Parties, Press, Journalists, Law Enforcement and Securities forces  who have contributed to the many articles and their sincere opinions and statements.
 
WANTED SA states that the facts and opinions stated in this article are those of the author and not those of WANTED SA. We do not warrant the accuracy of any of the facts and opinions stated in this article nor do we endorse them or accept any form of responsibility for the articles.