ALERT FOR AN AML WOLF IN SHEEP'S CLOTHING | WANTED SA | KENNETH RIJOCK FINANCIAL VIEWS

Analysis and Commentary by a former Money Launderer ~ Mr. Kenneth Rijock |

Wednesday May 02, 2012

AML COMPANY EXPOSED AS DIRECTORS OF MONEY LAUNDERING IN REPUBLIC OF PANAMA

Last year, I received an invitation to speak at an AML conference in a Caribbean nation; I always perform due diligence on any organization sponsoring a programme that is seeking my presence. What I learnt was disturbing; the company's true owner (not the front men that everyone said owned it) was a former senior adviser from a South American country who had a curious way of doing business.

                                                                                          
                                                                 
The lawyer, a former senior AML adviser in his country, offered his consultancy services to bankers and financial service companies. They were rarely refused, because prospective clients have reported that the individual threatened to turn in the company to the government regulatory agency that he formerly worked at, if they declined to accept his AML services. Is that making an offer that one simply cannot refuse?

Based upon the foregoing, I declined to appear as a speaker.

Today, I was advised that this bogus AML entity has moved its headquarters into Panama, and that the company is reportedly a front for actual money laundering operations in Panama's banks. The AML Company is merely window-dressing for organized crime.  If you are a Panamanian banker, you know who this company is.

Bottom line: know your AML/CFT provider; there are a number of posers out there.

                                                                

WANTED SA kindly thanks Kenneth Rijock, AFP, Reuters, BBC, Associated Press, DEA, FBI, 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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