Wednesday, July 31, 2013

CHINA CONCEALS AND SUPPORTS THE ILLICIT ENRICHMENT.


From The - Journals Of Monte Friesner – Criminal & Intelligence Analyst And Consulaire For Wanted Sa ~ Contributed & Written By Kenneth Rijock.

CHINA IS ARRESTING LAWYERS WHO ARE DEMANDING TRANSPARENCY FOR CHINESE PEPS


If you thought that China, after its new leader. Xi Jinping, promised to wipe out corruption among its leadership, is doing anything about it, think again. Chinese police have been arresting individuals who are demanding more transparency from Chinese PEPs, especially reports on their income and wealth. The government has even gone so far as to arrest people who are already under house arrest for agitating publicly for reform.

You need to conduct your own due diligence with Chinese PEPs who are opening new accounts overseas, at your bank. There certainly is no officially-generated information from China that you can trust, on PEP wealth. 
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Tuesday, July 30, 2013

CHILDREN OF CHINESE PEPS, MANAGE DADDY'S DIRTY MONEY.

FROM THE - JOURNALS of Monte Friesner – Criminal & Intelligence Analyst and Consulaire for WANTED SA ~ Contributed & Written by Kenneth Rijock.
WHERE IN THE US IS BO GUAGUA AND DOES HE HAVE HIS PARENTS' DIRTY MONEY ?
Now that Gu Kailai, the rising Chinese politician, has finally be charged with corruption, the question remains: does his son, Bo Gua Gua, have his illicit wealth, and is it being banked in the Boston area ? Bo was reportedly a participant in the Boston Marathon, and he did attend Harvard.
There's no news from China on the seizure of Gu's millions, and his attorney wife probably was able to move much of it out of China, so which American bank has it ?
The compliance problem is that Bo Gua Gua probably has a number of valid passports, all with aliases, and his bankers may not even know who he is.
Many children of Chinese PEPs attend university in the United States under well-established aliases, so that their classmates, and the media, do not know who they are.
Their fellow students might not take kindly to the presence of the child of a major human rights violator, or multi-millionaire "public servant." Many universities actually cooperate with this charade.
Additionally, the tuition is often far more than their family legally earns, so you can easily figure out their involvement in corruption in China. Bo Gia Gua, a well known playboy in both the UK and the US, was notorious for his night life, the cost of which was substantial.
So, here is his photo; who is the banker who is attending to his every need, even though his attorney mother was convicted of murdering a British businessman, and his father stands accused of corruption ? And why is this person, having now completed his education in the US, and probably holding a substantial amount of dirty money, allow to live in America indefinitely ?
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DIMITRY USTINOV CAN BE CHARGED FOR 20 YEARS IN PRISON


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

USTINOV'S ATTORNEYS APPEAL HIS EXTRADITION TO US FOR ARMS TRAFFICKING AND MONEY LAUNDERING 

Dimitry Ustinov, the fugitive Russian arms trafficker who made the mistake of flying into an airport in the Baltics, has, through his attorneys, filed an appeal of the Vilnius Regional Court order ordering his extradition to the US, to face arms trafficking and money laundering charges, which could result in his imprisonment for 20 years. 
We will continue to monitor all developments in this case, including any new comments being issued by the Russian Government, and the final ruling by the Court of Appeal of Lithuania, when it is issued.
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Monday, July 29, 2013

HAMAS HAS THE CONTROL OF THE MEDIAS.


FROM THE - JOURNALS of Monte Friesner – Criminal & Intelligence Analyst and Consulaire for WANTED SA ~ Contributed & Written by Kenneth Rijock.
HAMAS CLOSES DOWN MEDIA FOR REPORTING THAT EGYPTIAN MUSLIM BROTHERHOOD HAS RELOCATED TO GAZA

You can forget about getting any objective news from the Hamas-controlled Palestinian Territory of Gaza.
Hamas abruptly closed down both Al-Arabiya and Maan.
These two Middle East-based news services reported that agents of Egypt's Muslim Brotherhood, have fled to Gaza, and are running operations against the new military government in Cairo.
It seems that Hamas cannot handle the truth, when the truth hurts their image.
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EXPOSED BY THEIR MISTRESSES | CHINESE PEPS ATTEMPTING TO DEPOSIT CRIMINAL PROCEEDS IN THEIR BANK .

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

MISTRESSES OF CORRUPT CHINESE PEPS EXPOSE THEIR BENEFACTORS


It appears that the most popular articles in China these days are exposés of the free-spending habits of corrupt Chinese PEPs, told by their mistresses. While I am no fan of lurid journalism, there are a number of nuggets on these stories for compliance officers who wish to identify, at account opening, Chinese PEPs who are attempting to deposit criminal proceeds in their bank. 

(1) Misrepresentation about their PEPs true occupation: If the new client tells you he is in the private sector, verify it through an absolutely objective source. Ignore business cards and credit cards as proof of employment.

(2) Spouse: If he tells you the beautiful young lady accompanying you is his wife, and she is substantially younger than the client, and sporting expensive clothing and accessories, watch out. There may be photos of the client, with his real wife, at social or official functions, on the Internet.

(3) Holidays: Corrupt PEPs, traveling on what they tell their wives are business trips, but in truth and in fact are holidays with the mistress du jour, are another clue that you may have a disguised PEP in front of you.

(4) Social interaction with the companion: Does the client's female company exhibit boredom, or is she overly solicitous of the client ?

(5) Joint account, yes or no: Does the client decline to have his spouse on the account, or does he see that she does not see, first-hand, the details of his financial transactions ?

Bottom line, while it is not the place of the new accounts officer, or compliance officer, to profile prospective clients just because they are traveling with a mistresses, many corrupt Chinese PEPs are know to do so on their international trips. Watch for it , as if my provide a valuable clue in identifying a PEP who says he is just an affluent businessman.   
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WHY HEZBOLLAH BOMBED AMIA IN ARGENTINA?

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

 

NISMAN REPORT EXPLAINS WHY IRAN & HEZBOLLAH BOMBED AMIA IN ARGENTINA 


Most of the Western commentators missed the most important conclusion reached by Argentinian prosecutor Alberto Nisman, in his recently released 504-page investigative report on the AMIA bombing, and Iran's expanding operation in Latin America.
The evidence he collected led Nisman to conclude that the 1994 bombing was the result of Argentina's refusal to transfer nuclear technology to Iran.
If this doesn't convince the world of Iran's true WMD intentions, nothing will.
 For those readers who want a more detailed review of Nisman's analysis, there is a 31-page summary, available online here.
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RUSSIAN ARMS TRAFFICKER WILL BE EXTRADITED TO U.S.S


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

LITHUANIAN COURT AGREES TO EXTRADITE INDICTED RUSSIAN ARMS TRAFFICKER TO US

The Vilnius District Court has granted a petition of the Lithuanian General Prosecutor's Office, acting upon an American request, to extradite, to the United States, Dimitry Ustinov, a Russian arms trafficker who arrived at the Vilnius Airport, and was taken into custody.
He was reportedly indicted on 25 March, in the State of Delaware, and charged with money laundering, and the export of restricted military equipment from the United States.
The Russian Government has already expressed its displeasure with the ruling of the Lithuanian court, and relations with the United States are already suffering, due in part to the Viktor Bout case, so expect them to deteriorate further. 
Ustinov does have a right of appeal, but most appeals of extradition decisions are not reversed, so you can expect to see Ustinov in an American courtroom shortly.
This could adversely affect any American corporation, or individual, who has the misfortune to find himself in a Russian court this year, so you may want to consider raising Country Risk for Russia.
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Friday, July 26, 2013

VATICAN CONTINUES THE MONEY LAUNDERING


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

DON'T VATICAN FINANCE TYPES KNOW WHAT MONEY LAUNDERING IS ?


If Monsignor Scarano, the senior Vatican official incarcerated in a Rome prison, facing money laundering charges, is typical of those in Vatican City who are in charge of financial affairs, then they need a tutorial in  Money Laundering 101. Scarano has reportedly sent a note to the Pope, denying that he was engaged in money laundering, and asserting that he "tried to help someone who asked for help."

If someone asks you to help them bulk cash smuggle twenty million Euros in from Switzerland, and you find nothing wrong with that request, then you should not hold a position of financial responsibility anywhere. Obviously, the experts hired to bring Vatican City into compliance with banking best practices have their work cut out for them. Could they please schedule mandatory, universal lectures there, at their earliest convenience ?
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Thursday, July 25, 2013

BO XILAI FOUND GUILTY OF EMBEZZLEMENT.


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


BO XILAI CHARGED WITH CORRUPT ACTIVITIES IN CHINA


Sixteen months after his arrest, and after his wife's conviction of murdering a British businessman, China has finally gotten around to charging Bo Xilai, on of its former senior leaders, with corruption and abuse of power. The son of a prominent Chinese patriot, Bo Xilai is accused of bribery and embezzlement in the amount of $4m, according to reports published in China, where the press operates under strict government controls.

The case, which drew the compliance world's attention to the fact that many senior Chinese leaders build huge illicit fortunes, and often seek to place them outside China, raised awareness in the West of the potential problems banks face when accepting wealthy Chinese PEPs. Questionable activities of Bo's wife, who lived and worked for a while in the United Kingdom also surfaced during her murder trial, as well as the fact that their playboy son was being educated in the West, at a cost far above Bo's official salary.

Whether the long delay in charging Bo Xilai with criminal activities was due to the fact that China was going through one of its periodic leadership changes, and that bringing criminal charges would have embarrassed the Chinese Government, I will leave for historians to ponder. What is important about the case is that it was a wake up call on banking wealthy Chinese PEPs for international financial institutions. Serious inquiries into Source of Funds, and the true nature of the customer's occupation in China, are now being routinely asked at account opening, where the prospective client is, or possibly could be, a PEP. Enhanced due diligence has become the order of the day, with any new, affluent Chinese national who is seeking to open an account anywhere outside the Peoples' Republic. 
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Wednesday, July 24, 2013

MURCIA GUZMAN CLAIMS THAT PANAMA OFFICIALS, ASSOCIATES AND FRIENDS STOLE HIS $ 2 BILLION DOLLARS.


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

COLOMBIA WARNS AGAINST DMG 2012 "TRIPLE YOUR MONEY IN LESS THAN 10 DAYS "

The Superintendent  of Finance of Colombia has issued an alert on DMG 2012, which claims to be the successor to convicted Ponzi schemer David Eduardo Murcia Guzmán's DMG
The Colombian regulator advises that the new DMG 2012 is unlicensed and is illegally accepting money from the investing public.
On a related note, Murcia's Colombian attorney has stated that his client does not know where the billions of dollars that he stole from investors are at the present time. We have previously reported that much of his illicit wealth remains in the Republic of Panama, where it was invested by some of his associates, who converted much of it to their own use and benefit.
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U.S. ATTORNEYS HAS REQUESTED A DATE FOR A CONFERENCE AGAINST ROCHARD CHICHAKLI.


FROM THE - JOURNALS of Monte Friesner – Criminal & Intelligence Analyst and Consulaire for WANTED SA ~ Contributed & Written by Kenneth Rijock
COURT CONFERENCE SOUGHT IN CASE AGAINST RICHARD CHICHACKLI

The Assistant United States Attorneys in the pending Federal criminal case against Viktor Bout's alleged money launderer, Richard Chichakli, have requested that the Court set a date for a conference, on unspecified grounds, which is the first public development in proceedings that would suggest his cooperation with the authorities.
Chichakli, who is charged with violating US sanctions, was extradited from Australia, but the case has not moved forward expeditiously, giving rise to suspicions that Chichakli does not intend to go to trial.
His attorney, New York criminal defense counsel Marlon Kirton, has entered his Notice of Appearance, after an unusually long delay, and filed no pleadings that indicate that he intends to present a defense to the charges.
Bout himself cannot be tried at this time, for he was not extradited to face these specific charges, and US law forbids it.
On another note, Viktor Bout's wife, Alla, has reportedly formed a nonprofit entity, called Return Home Foundation, that will seek to assist Russian nationals who are involved in criminal cases abroad. Mr. Bout is currently serving a 25-year sentence in the United States, and he is appealing his conviction on several grounds, including charges that the United States engaged in bribery and blackmail, to obtain his extradition from Thailand. Bout was convicted of illegal arms trafficking, and conspiracy to kill Americans abroad.
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PANAMA BANKS & CORPORATION CENTER OF MONEY LAUNDERING CRIME ORGANIZATION FROM COLOMBIA


FROM THE - JOURNALS of Monte Friesner – Criminal & Intelligence Analyst and Consulaire for WANTED SA ~ Contributed & Written by Kenneth Rijock.
PANAMA & ISRAEL JUDAIC COMMUNITIES PARTNERS IN DRUGS & MONEY LAUNDERING FROM COLOMBIA MAFIA 
The United States Treasury Department has placed 31 individuals and entities on its "Kingpin List" for participation in a Colombia-based money laundering network with connections to Israel and bank accounts in China, illustrating the highly globalized nature of Latin American financial crime.
Colombian national Isaac Perez Guberek Ravinovicz and his son Henry Guberek Grimberg, a dual Israeli and Colombian national, were placed on the US Specially Designated Narcotics Traffickers (SDNT) list -- or "Kingpin List" -- for allegedly leading a Bogota-based network responsible for laundering hundreds of millions of dollars for numerous drug trafficking organizations.
Four of the men's family members -- one of whom lives in Israel -- and three Colombian business associates were also blacklisted for aiding the operation.
According to the US Treasury, the father and son used legitimate textile companies based out of Colombia, in addition to various shell companies in Panama and one in Israel, to engage in money laundering, with drug traffickers transferring funds from all over the world into the bank accounts of these front businesses.
In addition to Colombia, the network held bank accounts in China, Hong Kong, Israel, Spain, the United States, Mexico, Venezuela and the Cayman Islands.
The US Attorney's Office for the Southern District of Florida also announced the separate filing of charges against four Colombians in relation to the same case, including the two Gubereks, their secretary -- also on the Treasury list -- and a man who was linked in 2012 to an illegal money transport network operating in Panama.
InSight Crime Analysis
The sheer number of countries in which the network had bank accounts, in addition to the group's international business connections, highlights the extent to which financial crime has become a transnational business. Other recent Colombian cases have shown similar tendencies.
A 2011 law enforcement operation uncovered a 22-person international network that laundered money for the Medellin-based Oficina de Envigado, and in 2013, US authorities dismantled a Colombian money laundering network with US and Dominican members.
The use of Panama also remains a mainstay in this side of the business. The country has previously hosted another operation to make it on the SDNT list, which had links to Colombia and Hong Kong.
The global nature of the money laundering problem was recently recognized by the G8 countries, which agreed to require greater financial transparency from companies, in particular the sort of shell companies allegedly used by the Gubereks.
More to follow on this News Breaking Undercover operation exposed from Panama.
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VIRTUAL CURRENCY CAN BE USE BY PONZI SHCEMERS


FROM THE - JOURNALS of Monte Friesner – Criminal & Intelligence Analyst and Consulaire for WANTED SA ~ Contributed & Written by Kenneth Rijock
SEC ISSUES ALERT FOR PONZI SCHEMES USING VIRTUAL CURRENCY.

The Securities & Exchange Commission has issued an alert for investors, regarding entities operating Ponzi schemes that utilize virtual currency.
At the same time, it took action, in United States District Court in Texas, against an alleged $4.5m fraudster, who offered Bitcoin investments, in a Ponzi scheme that collapsed.
Note that the company was called Bitcoin Savings & Trust.
It is suggested that you review the complete text of the SEC alert, by visiting the hyperlink below.
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ROSEMONT FINANCIAL IS A CRIMINAL CORPORATION ?


FROM THE - JOURNALS of Monte Friesner – Criminal & Intelligence Analyst and Consulaire for WANTED SA ~ Contributed & Written by Kenneth Rijock
THE BITTER LESSONS OF ROSEMONT FINANCIAL CORPORATION

 Lest we forget:
(1) Money service businesses can NEVER think that they can circumvent US regulators through artful use of the accounts of a registered MSB. Both FinCEN and state regulators will find you, one way or the other; Shortcuts never work out.
(2) Your US relationships are only as good as your US partner is honest; Ramakrishna Vyasulu, Rosemont Financial's CEO (and not its owner) was caught trying to launder $1m if what he thought was drug proceeds.
(3) your US financial partner will roll over on you in a New York minute, if he is caught breaking the law, and he will not be punished nearly as strongly as you will be. Vyasulu cut a sweetheart deal with DOJ in Massachusetts, whilst his clients has $200m seized, and it was costly and time-consuming to get only most of it back.
(4) If it is discovered that you have any dodgy clients, expect years of investigation, and no clean bill of health later, should you be lucky enough to escape the criminal justice system.
(5) Your legal fees, in any dispute with US regulators and law enforcement, will be obscenely high; forego this nightmare by not giving them cause to seize your US accounts, investigate you ad nauseum, damage you in the media,  and ultimately keep some of your hard-earned profits.
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Tuesday, July 23, 2013

HOUSTON TEXAS OIL COMPANY MIGHT BE SUPPORTING IRANIAN OIL INDUSTRY.


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

US FINES HOUSTON TEXAS OIL DRILLING COMPANY FOR IRANIAN SANCTIONS VIOLATIONS

The United States is paying particular attention to US companies in the petrochemical sphere, as their goods and services can aid and abet the Iranian oil industry.
A Houston, Texas company that shipped goods to the United Arab Emirates, and sought to ship more, was fined $84,420 by US Treasury, for multiple violations of Iranian sanctions.
The company acted "with reason to know that the shipments were intended specifically for supply, transshipment or reexportation, to an oil drilling rig located in Iranian waters." Readers can view the complete text on the OFAC website, under Financial Sanctions, at http://www.treasury.gov/Pages/default.aspx
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PANAMA CONTINUES TO BE CRIMINAL JURISDICTION.


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

With the explosion of anti-corruption public sentiment in the Republic of Panama, the people are demonstrating their unhappiness with a government where most of the ministers, and their president, are accused of insider trading, among many other crimes and misdeeds.
 Add this to the total failure of the local law enforcement and financial regulatory community, when it comes to rampant and universal money laundering, and you have a recipe for disaster.
The United States has studiously avoided any involvement in Panama since it intervened to remove and arrest General Noriega, so you cannot expect any help there. The EU is also ignoring the issue of institutionalized money laundering in the banks. What is to be done ?
The only card left to play is a return to the FATF NCCT list; name & shame Panama as a non-compliant country for money laundering and terrorist financing. The question is, does the Financial Action Task Force have the stomach to return to the blacklist as a enforcement ands reform tool ? Let us hope that someone there is paying attention, for only a radical solution will work.
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EU HAS A NEW FUNDRAISING PROGRAM TO PREVENT HEZBOLLAH'S MONEY LAUNDERING


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

WILL EU BANKS NOW INTERDICT HEZBOLLAH FUNDRAISING ACTIVITIES DUE TO THE SANCTIONS NOW IMPOSED ?

The sanctioning of Hezbollah's so-called military wing, by the European Union, is a major step in the right direction, but it begs the question: How will EU banks protect themselves from terrorist financing 

activities, now that fundraising is illegal ?
Obviously, there is a well-established program of fundraising, operated by Hezbollah agents in the EU, and these pipelines must now be identified, and closed down, forthwith, lest there be exposure to charges of providing material support to terrorism.
One must assume that compliance officers at international banks, located in the EU, whose clients transfer funds to Lebanon, for any reason, are initiating a broad-based review of such clients, their lines of business, and whether the payments they send to the Middle East ultimately end up in Beirut, in Hezbollah accounts.
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Monday, July 22, 2013

LEBANON PRESIDENT SUPPORTS HEZBOLLAH AND TERRORISM.

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

LEBANON AGAINST EU TERRORIST DESIGNATION FOR HEZBOLLAH

If you thought that there were any responsible government officials left in Lebanon, think again. The country's president has asked the caretaker foreign minister to instruct its EU representative to advise the European Union that it opposes its pending designation of Hezbollah as a terrorist organization. He has been quoted as stating that Hezbollah is "an essential component of Lebanese society." Does that make Lebanon a failed state, due to the admittedly central role being played by Hezbollah ?

The President of Lebanon, in his objections to designating Hezbollah, due to its terrorist action within the EU, in Bulgaria, said that such a ruling would be "taken in haste, and without reliance upon objective and firm evidence" of responsibility for the Bulgarian Bus bombing. Is he serious ? What about all the other known terrorist actions committed by Hezbollah ?

If the country's leader is acting as an apologist for one of the Middle East's worst terrorist groups, it obviously controls the national government; under those circumstances, you should seriously consider raising Country Risk for Lebanon, as the risk levels for having any financial exposure in that country have now increased.
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ZENG CHANGJIE CONVICTED OF FRAUD AND "ILLEGAL FUND-RAISING ACTIVITIES" WAS SECRETLY EXECUTED BY LETHAL INJECTION

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

PONZI SCHEMER ZENG CHANGJIE, CHINA'S MADOFF, SECRETLY EXECUTED BY LETHAL INJECTION


Bernard Madoff, Scott Rothstein, and the other American fraudsters, count your blessings.
Hunan Businessman Zeng Changjie, convicted of fraud and "illegal fund-raising activities,' China's code word for a Ponzi scheme, was reportedly secretly executed last Friday, without affording him his legal right to say farewell to family members. Zeng, whose $460m Ponzi scheme is said to have imploded, leaving 57,000 victims, was given a lethal injection, but the details about his execution were suppressed in China.


Zeng has been referred to, in Chinese media, as its own version of Bernard Madoff.  Since 2011, it is estimated that there have been 4170 convictions in China, for Ponzi scheme operation, and many of those defendants have reportedly been executed, though statistics about such crimes are not published in China. We do not know how many of these individual were financial consultants who made bad investments, and later engaged in Ponzi activity, in an effort to cover up their losses. Apparently, execution does not seem to be deterring aspiring Ponzi schemers in the Peoples' Republic.
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HEZBOLLAH CONTINUES TO SHIP DRUGS TO LEBANON

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


BEIRUT AIRPORT 12 KILO COCAINE SEIZURE CAME FROM NIGERIA



The seizure, at Beirut's Hariri Airport, of twelve kilograms of cocaine, which had arrived from Kano, Nigeria, should serve as a reminder that the repatriation of narcotics profits, to Latin America, can easily be accomplished from banks located in the Middle East. Whether these drugs were destined for the growing European market is not known, but irrespective of the location of the end users/consumers,  paying for them from a Beirut bank is generally a low-risk transfer.

Whether the payment, through Panama or to banks in the tax havens of the Caribbean, is disguised as an international trade transaction, or some other fictitious business reason, the repeat nature of these types of transactions sometime will signal their true nature. Always make further inquiries, when there are wire transfers that appear to be unusually repetitious in their nature, or which do not seem to be similar to those others, in that trade or industry, that you have experienced from those jurisdictions.

Remember that good money launderers always seek to clothe their illicit transfers with legitimate covers, but that you may find some aspect of the transfers to be inconsistent with the industry that it professes to be involved in. 
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Saturday, July 20, 2013

POLITICALLY EXPOSED PERSONS (PEPS) MUST BE BANNED FROM OFFSHORE BANKS.


FROM THE - JOURNALS of Monte Friesner – Criminal & Intelligence Analyst and Consulaire for WANTED SA   ~Contributed & Written by Kenneth Rijock ~
SHOULD COUNTRIES BAN PEPS FROM HOLDING OVERSEAS ACCOUNTS ?



That new Russian law, rammed through by its leader, Vladimir Putin, has prohibited government officials from holding any overseas bank account ,is crazy; or it is ? Perhaps Putin is on to something.
Those of us that are frankly sick and tired of watching corrupt foreign PEPs parade around the premier shopping malls of the United States, buying the best luxury goods that money can buy, and living the high life, notwithstanding their small salaries, welcome such a law in the developing world.
I, for one, would be happy if Miami was no longer periodically inundated by wealthy PEPs from Latin America, including the hemisphere's poorest country, the Republic of Haiti, with their multiple mistresses, posh US homes, and fat bank accounts, while their nation drowns in post-disaster poverty.
Multiple-entry visas for such PEP-playboys who divert donations, rape development money, take bribes and kickbacks, and steal international aid, needs to come to an end.
Why not make the closure of overseas bank accounts a requirement for accepting government employment in the countries of the developing world, ? For these are jurisdictions where corrupt PEPs are seldom charged, due mainly to corruption in the courts, and the power and influence that these PEPs wield in government. Thank you, Mr. Putin; great idea.

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