Saturday, December 22, 2012

IRAN ACTS AS FRONT OIL COMPANY FOR IRAN TO BREAK SANCTIONS | MONTE FRIESNER BREAKING NEWS

 


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

Contributed & Written by Kenneth Rijock ~
 

BEWARE CLIENT TRANSACTIONS INVOLVING IRAQI BLEND

If you have clients engaged in the purchase of petroleum products from the Middle East, be aware that Iran artfully circumvents existing international sanctions by shipping its ample supplies of fuel oil abroad, and designating it "Iraqi Blend," to confuse buyers. reliable statistics indicate that the National Iranian Oil Company receives $410m per month on the illegal sales made to unsuspecting foreign purchasers, many of whom are totally ignorant of the fact that they have just violated global sanctions.

The transactions are often handled by Gulf-based middlemen, thereby shielding the identity of the Iranian sellers from the purchasers. Much of the fuel oil is shipped to the United Arab Emirates, through a variety of covert schemes, including:

(1) Ship-to-ship transfers in the Persian Gulf; the oil is then delivered to the UAE for sale.
(2) Discharging the oil at obscure Gulf ports.
(3) Direct shipment from Iran to the UAE, during which journey the vessel operator disengages its transponder/GPS location devices, so that no monitoring of the passage is possible.

The fuel oil is offered at a large discount, making it extremely attractive for potential buyers who need supplies of the product. Experts says that the density of the fuel oil betrays its Iranian, and not Iraqi, origin, but apparently none of the buyers are conducting tests; the prices are understood to be the reason.


WANTED SA AND ALL OF OUR STAFF | MONTE FRIESNER

 



FROM WANTED SA & ALL OF OUR STAFF


Friday, December 21, 2012

PALESTINE AND ISRAEL INCREASE TENSION WITHOUT PEACE | MONTE FRIESNER

 

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

 

PALESTINIAN TERRITORIES POSE INCREASED RISK IN 2013

Hamas 25th Anniversary logo
If you were entertaining any hopes of a peace settlement next year, between Israel and either of the two rival Palestinian organisations, Hamas and Fatah, for risk management purposes, do not hold your breath. Recent actions and statements, coming from Gaza and the West Bank, indicate the opposite.

First, the titular leader of Hamas, in a major policy speech in Gaza, was as inflexible as ever in his fiery rhetoric, claiming the entire territory of Israel for Palestine, and calling upon Palestinians to employ armed conflict, to reach that goal. You can disregard comments he recently made to American media, which subtly appeared to accept the two-state solution agreed to by previous Palestinian leaders, or at least a long-term ceasefire.


New Fatah logo
Second, though Fatah, and Mr. Abbas, the PA Premier, officially claim to seek to implement the previous peace accords, the newly-redesigned logo for Fatah boasts a return to terrorism and violence, to individual claims to return to properties that are within what is now Israel, and a claim to all of Israeli territory. This is not the standard of a peacemaker, but one of an organisation that endorses violence. Note the gun barrel, headscarf covering the entire territories of Gaza, the West Bank and Israel, and a key, representing the Palestinians claim to return to their pre-1948 lands, that are now inside Israel. The dove in chains is particularly symbolic, and disturbing.

It is suggested that, should your bank have clients who are engaged in major transactions with Israel, or if you have significant financial exposure, on pending client matters involving Israel, that you regularly monitor the political, as well as military, situation, for Country Risk assessment purposes.

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.


ANGLICAN CHURCH BISHOP STEALS MILLIONS IN PONZI SCAM

 



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

Contributed & Written by Kenneth Rijock ~

BISHOP/PONZI SCHEMER TO GET 40 YEAR SENTENCE FROM FEDERAL JUDGE



Martin Sigillito, an attorney and bishop in the American Anglican Church, is to be sentenced to 40 years in Federal Prison, according to a Sentencing Memorandum filed in his case* by the Chief Judge in the Eastern District of Missouri.

The defendant is alleged to have swindled investors out of $56m, in a fraudulent "British Lending Programme" scheme, which purported to return 17-48% on non-existent UK real estate loans to developers. His office generated fictional loan documents purportedly prepared and executed in the UK, to give investors a false sense of security. The fraud later fell apart, and his assistant reported him to the FBI when she realised that it was a Ponzi scheme.

Sigillito allegedly earned $6.3m in the Ponzi scheme. He was charged with multiple counts of:
Wire Fraud
Mail Fraud
Conspiracy
Money Laundering

His sentencing is on 28 December, but the Court has already stated what his sentence shall be, in a scathing document that details all the enhancements given to him, on account of his egregious conduct with respect to the 140 investors who were victims in his scheme. He used his religious position to draw victims into the fraud.
________________________________________________________________
* United States vs. Sigillito, case No.: 11-cr-00168-LRR (ED MO).
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.

Thursday, December 20, 2012

GEORGIA OPENS ITS DOORS TO IRAN

 


 

WATCH FOR IRANIAN SANCTIONS EVASION THROUGH GEORGIA

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

Though pro-Western Georgia maintains close ties with the United States, and aspires to eventually join NATO, its proximity to Iran, and its need to find resources and trading partners outside of Russia, have resulted in the expansion of Iranian diplomatic facilities in Georgia, and the abolishment of visa restrictions upon Iranian nationals. Iranian tourists are reportedly a common sight in Georgia, Although one does wonder if any of them are actually IRGC* Quds Force agents.

Most sources have seen evidence of the reluctance of Georgian banks to open accounts for Iranians, but the expansion of trade and tourism will give Iranian companies more access to the Georgian financial system. Whilst there has been no evidence uncovered thus far, implicating Iranian entities in the use of banks in Georgia to evade international sanctions, sources indicate that the use of Georgian front companies and individuals has occurred.
Moreover, there is a large complement of Iranian Georgians, who still speak their native language, through whom trade sanctions evasion could potentially be facilitated, should Iran "request" their assistance and cooperation.
Note well that Iranian oil is openly transported through Georgia, to Black Sea ports, where it can be shipped out to end users, thereby evading existing global sanctions against Iran. Given that geography has given Georgia a hostile and powerful neighbor to the north, it is reasonable to assume that, without a consistent Western presence, the country will encourage ties with Iran, to ensure its survival. These will include international trade.
Therefore, it is suggested that you be alert to the following:
(1) Have you seen any unusual financial transactions involving your clients and Georgia's banks ?
(2) Has the volume of your clients' trade with Georgia, especially involving food items, increased ? Remember, Georgia has only 4,000,700 people.
(3) have any of your clients shipped technical items to Georgia that could be considered dual-use products useful in Iran's sanctioned WMD and ballistic missile programmes ?
(4) Do you have any Georgian expats trading, high volume, to their home country ?
(5) Are any of your bank clients receiving funds from foreign banks located in Georgia ?
If any of the above answers is positive regarding a customer, it is suggested that you immediately conduct an Enhanced Due Diligence investigation, to rule out trade with Iran.
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. 

Wednesday, December 19, 2012

MONTE FRIESNER | MALTA ATTRACTS MONEY LAUNDERING AND ILLEGAL ACTIVITIES

 


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

ALERT ON MOVEMENT OF HEDGE FUNDS TO MALTA


The migration of a large number of hedge funds to the Republic of Malta, since 2010, could result in an increase in Country Risk. Hedge funds domiciled in some European, and well as all the major Caribbean tax havens, have been moving to Malta. Others have not made the complete switch, but have chosen to move their back office operations, such as accounting and customer relations, to Malta.

Whilst much has been made of the transparency of this offshore financial centre, I fear that the wholesale relocation of hedge funds, far from their original Caribbean island headquarters, will attract additional illicit capital. Professional money launderers, operating for Western Hemisphere narcotics trafficking organisations, may decide that covert investments of their clients' "flight capital" will be that much harder for law enforcement to investigate, let alone uncover and interdict, now that they are more physically remote from the United States, in an independent European jurisdiction, where the additional delays in access to information may provide a critical advantage.
Given the extraordinary methods to which money launderers must go, to ensure success, when placing criminal proceeds in hedge funds, many will welcome the fact that the repository of their clients' well-placed dirty money has found a safer home. They may feel secure enough to artfully place additional client money in Malta-based hedge funds in the future.

Compliance officers charged with the calculation of Country Risk for Malta are advised to factor the additional risk of money laundering, through an increased number of Maltese-domiciled hedge funds, when deciding whether to raise it for the Republic of Malta for 2013.

 
 
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.


MONTE FRIESNER | HEZBOLLAH AND IRAN SUPPORT MURDER OF CHILDREN IN SYRIA

 


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

TESTIMONY OF FREED JOURNALISTS IN SYRIA CONFIRMS HEZBOLLAH AND IRANIAN TROOPS SUPPORT ASSAD REGIME


The appearance of foreign fighters, on the side of the sanctioned Government of Syria, presents increased sanctions risk for banks sending funds to the Middle East. Richard Engel, the Chief Foreign Correspondent of the NBC network, who was freed this week, together with two of his staff, has personally confirmed Hezbollah and Iranian troops are fighting in Syria, in support of the Assad regime. Engel, who was kidnapped at the frontier with Turkey, when his news team attempted to enter Syria, has offered disturbing details of the reasons for his capture.
Richard Engel and staff
Engel, and his fellow NBC journalists, were taken solely so that they could later be exchanged for Hezbollah and Iranian soldiers being held by the Free Syrian Army, the principal Syrian Opposition group. He was told this by the Syrian troops who captured him. In truth and in fact, they were reportedly on their way to being delivered, for such an exchange of prisoners, when they encountered an Opposition roadblock, where the ensuing firefight resulted in their release, after which they returned to Turkey.

Whilst we have seen funerals, in Lebanon, of Hezbollah fighters killed in action in Syria, this independent account, by a respected journalist, confirms Hezbollah, and Iranian, involvement in the fighting in Syria.



There are also confirmed reports of Palestinians fighting in support of the Assad regime, including the Palestinian Liberation Army, which has training facilities in Syria. Other sources indicate that Palestinians residing in Lebanon have also been recruited for fighting in Syria, on the government side.

Are Palestinian aid funds being diverted to Syria ? If so, how does one protect one's bank from facilitation of terrorist organisation charges in the future ?

(1)The traditional protection, obtaining a sworn statement from the Palestinian organisation that is the recipient, to the effect that it is the End user of these funds, and that it will not, under any circumstances, transfer the money to a sanctioned third party, is ineffective when dealing with radical groups.

(2) A more effective method would be to send a representative to the field, in the Palestinian Territories, to actually disburse the funds, where and as needed, rather than to trust Palestinian organisers and leaders to send it on to Syrian allies. Of course, that individual could himself be kidnapped by criminal or radical elements.

The better approach would be to have disbursement at the grass roots level, to the needy, and not to any supervisory group. Perhaps an existing NGO, already on the ground there, with trustworthy staff, might conduct the disbursement. Otherwise, consider terminating your programme, until the Syrian civil war is sorted. You do not want to run afoul of any Syrian sanctions in 2013.



Tuesday, December 18, 2012

MONTE FRIESNER | DIAMOND EXCHANGE USED TO LAUNDER MONEY IN PANAMA

Panama Creates International Diamond Exchange | Monte Friesner Financial News |

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

PANAMA'S NEW DIAMOND EXCHANGE: AN OPPORTUNITY FOR MONEY LAUNDERING ?



The Republic of Panama, newly admitted into the Kimberly Process Certification Scheme*, has announced it intention to open a new Panama Diamond Exchange, to facilitate the development of Panama as an international hub for diamond trading. The Exchange, which will reportedly be granted tax-free status, is intended to be the primary diamond gateway into, and out of, Latin America. it has already been granted membership in the global federation of diamond bourses.

Financial crime analysts, who are fully aware that Panama is a favoured destination for the conversion of illicit cash into diamonds, fear that this new centre will draw more than its share of the large number of active Latin American money launderers known to ply their dark trade in the Republic. The question is: will the Government of Panama take steps to keep the new diamond centre from becoming a magnet for dirty money being laundered ?
At present, unlike in the United States, Panama does not require precious gem dealers from maintaining an effective compliance programme. It also imposes no restrictions on the entry of diamonds, when brought in by travelers bound for the Free Trade Zone [Zona Libre]. Will the floodgates open, and dirty money flock to the Exchange ? We cannot say, but we hope and trust that Panamanian regulators step up, and exercise adequate supervision and enforcement.

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.



Monday, December 17, 2012

MONTE FRIESNER | MONEY LAUNDERING IN CYPRUS

Cyprus Major Money Laundering Center For Iran, Hezbollah, Russian Mafia | Monte Friesner Breaking News |

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

PRESIDENT OF CYPRUS DECLARES HIS COUNTRY 'STABBED IN THE BACK' OVER MONEY LAUNDERING ALLEGATIONS


The President of Cyprus, in announcing that the European Union has put off, until January at the earliest, any plans to commit to a financial bailout for his country, complained that that the reasons for the delay were unproven allegations of money laundering in Cyprus. A major German magazine, with widespread circulation in Europe, recently reported that a German law enforcement agency stated that there was €20bn of Russian money on deposit in Cyprus.
 
 
If true, it would probably be the first time that the EU has apparently based a major decision, with respect to a member nation, on unofficial grounds that rampant money laundering is ignored, and government gatekeepers are ineffective at best. The maintenance of a money laundering-friendly environment is incompatible with EU membership, in my humble opinion. Perhaps the Russian clients banking there might wish to loan a few billion to the Republic of Cyprus, to balance its budget.
 
 
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.


MONTE FRIESNER | VULTURE FUNDS BEING USED TO LAUNDER MONEY

Vulture Funds Are Blackmailers & Extortionists | Monte Friesner Breaking News |

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

ARE VULTURE FUNDS TARGETS FOR MONEY LAUNDERERS ?



The recent high profile dispute, between the Governments of Argentina and Ghana, over a seized Argentinian sailing vessel detained in Ghana for defaulted Argentinian sovereign debt, brings to mind an issue that has been bothering me for years; are money launderers for narcotics criminals looking closely at what are commonly known as vulture funds ?
 
For those of you not familiar with the term, vulture funds is the negative term applied to investment companies who buy up distressed debt for pennies on the dollar, generally from developing countries and later attempt to collect the full amount of the debt. All of the indebtedness they purchase is in default, and considered noncollectable by the global investment community; there is only a small chance that any of it will ever be recovered.
 
The attraction is based upon the premise that the debtor, usually a sovereign nation, government agency, or other entity, will later improve its financial standing. Alternatively, and a darker aspect of
the business, is that the vulture fund's collection efforts will cause the debtor to settle the debt, just to rid itself of the inconvenience, time and trouble, caused by the fund's persistent efforts to collect at least a decent percentage of the debt. Vulture funds have comer under attack in recent years, either through legislation, or the refusal of some courts to enforce the debt instruments. but they remain viable in many jurisdictions.
 
If I was still in the money laundering business, and representing narcotics traffickers, I might be tempted to form a vulture fund of my own, provided that it was domiciled in an offshore tax haven that does not report to US and EU taxmen. I might just purchase a large interest in an existing vulture fund, through a nominee, or corporate entity.
Why, do you ask ? I doubt that my client's investment of narco-profits will be vetted in the offshore financial centre, especially if it is placed by one of the reputable law firms who routinely practise "don't ask-don't tell," when it comes to Source of Funds. Of all the types of investors in the marketplace, criminal organisations, which enjoy astronomical profits, can best afford to gamble with some of their illicit wealth. Frankly, they can stand to lose all the investment better than anyone.
 
The payoff comes if the vulture fund scores a major success in collecting on the bad debts that it holds; the client then receives a windfall profit, which he, or a front-man, can fully declare to the taxman, the post-tax result being clean investment income, free to be placed in North America or Europe. My client may even be able to get out of the world of crime altogether, and operate its legitimate onshore businesses, with greatly reduced risk of arrest and conviction.
Do I know, from personal knowledge, that vulture funds are infested with criminal proceeds ? Obviously not, but adroit money launderers are always looking for Targets of Opportunity, field where dirty money can be washed, dried and neatly folded.
 
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.

MONTE FRIESNER | ACCOUNTS CLOSED DUE TO FATCA IN PANAMA

Panama Discouraging Foreign Investment & Encouraging Fraud | Monte Friesner Financial News |

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

PANAMANIAN BANKS CLOSE FOREIGN COMPANY ACCOUNTS

 
 
Banks in the Republic of Panama are advising foreign nationals who own corporations that their accounts are being closed. Though I assume that that the official reason is the overwhelming amount of information that will be required to be filed in the future, pursuant to FATCA, and the banks' exposure for failure to fully and completely comply, the net result will be an increase in nominee officers, directors, and yes, even shareholders in Panama.
 
This will create problems for bank clients, compliance officers, and law enforcement agencies seeking to control financial crime.
 
Since a foreign national will not be able to maintain a corporate bank account in Panama in the near future, he or she will be forced to have their Panamanian legal counsel "nominate" local citizens to become the company officers and directors, and even execute a Power of Attorney on the stock of the company, if he wants to maintain accounts.
 
Though this has been the method of choice for individuals of "colourful" backgrounds, now it will, I am afraid, become standard practice.
 
Will some borderline and outright unethical attorneys steal their client's Panamanian assets, held in corporate name, especially real estate ? It has happened more often than you think. Giving up a Power of Attorney is dangerous in a country with a corrupt judiciary, where a court can rule against you, irrespective of the state of the law on the issues, and where a case can linger for years, without a ruling being made, due to bribes and other direct and indirect favours bestowed upon the judges, at all levels.
 
Also, Due Diligence enquiries and law enforcement investigations will all become more difficult, because hereafter, thanks to FATCA, ALL of the Panamanian corporations will be managed, and owned, by front men, making the identification of beneficial owners much more difficult. Look for increased difficulty in ascertaining who owns what.
 
 
 
Am I joining all those who oppose FATCA in their crusade against it ? No yet, but what I am seeing so far is troubling. It appears that FATCA will create new troublesome issues that did not exist before*. Is the solution to Americans hiding their wealth offshore worse than the problem ?
 
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.



MONTE FRIESNER | PANAMA CLOSING BANK ACCOUNTS OF FOREIGN CLIENTS

Panama Banks Closing Accounts of Foreign Clients To Avoid Reporting | Monte Friesner Breaking News |


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

WILL FATCA RESULT IN KIDNAPPINGS OF AMERICANS OVERSEAS ?

Next year, foreign financial institutions will begin to phase in the provisions of FATCA, which imposes extensive reporting requirements upon them, regarding customers who are US citizens. The problem is, that personal information, in the wrong hands, could prove to be extremely valuable.

FATCA requires foreign banks to collect from their American clients, beginning in 2013:

(1) Evidence of US citizenship.
(2) The place of birth of the customer.
(3) His home address.
(4) His US telephone number.
(5) Wire Transfer instructions on file for the client's US bank account.
(6) Power of Attorney information on the client's Attorney-in-Fact.

With the above, which might be easily obtained by bribing an underpaid, local bank employee, a criminal organization could engage in:

(A) Kidnapping for ransom, either the account holder, or the Attorney-in-Fact.
(B) Identity Theft and impersonation of account holder for the purposes of fraud.
(C) Theft of bank accounts that are accessible online.

Forget about the compliant of foreign banks, about the time, trouble and expense involved in effective FATCA compliance, what about the increased risk, to the customer, that he or she will become a crime victim ?

* NOTE: Canada Authorities have implemented a similar concept for residents of Canada.
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.


MONTE FRIESNER | CHINESE CAUGHT SMUGGLING CASH INTO AUSTRIA

France Authorities Seize Massive Cash On Route to Austria Banks | Monte Friesner Breaking News |

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

FRENCH CATCH TWO CHINESE BULK CASH SMUGGLERS WITH €1.8m EN ROUTE AUSTRIA


French authorities detained two Chinese nationals in a checkpoint at the national frontier, outside Strasbourg, in an Audi A6. Hidden inside the hard padding behind the front seats was €1.8m in notes of various denominations.


The individuals arrested had arrived in France from Portugal, where they reportedly resided, and were traveling onward to Austria. It was said that they arrived in Paris by air, but whether the bulk cash smugglers brought the money into France, or collected it there, is unknown.

Was this a failed attempt to make a large cash deposit into one of the Austrian banks known to be assisting Iran in evading global sanctions ? We cannot say, but you can assume that border police agencies in the EU countries will take notice of this large cash seizure.



Authorities counting the notes

Wednesday, December 12, 2012

Monte Friesner | Panama Going To War In Latin America |

WHY IS PANAMA ACQUIRING $500m IN ARMS ?





The Republic of Panama, which technically has no standing army, only a border security force, has reportedly spent a total of $500 Million on military equipment, arms and ammunition and assorted gear. It is also rumoured that it will be spending $12 Million on communications equipment alone, Given the conduct of its "border guards" during the recent disturbances in Colón, I am wondering whether the country is traveling down the slippery slope towards a dictatorship, a la Venezuela, with fixed elections, and a large military to back up the strongman in power. That will have an adverse effect on foreign investment, which would increase Country Risk.

If you think that this may be an overreaction on my part, consider this: As of 1 January, 2013 the Panamanian military will be in control of the international airport, presently under civilian control. Whenever one sees soldiers brandishing rifles at an airport, one wonders whether the military is checking passenger flight manifests and cargo arrivals. If the government does not want the public to know about arriving cargo being quietly spirited into the country, including narcotics and money, it merely has to restrict access to a portion of the field to civilians. That is exactly what occurs in Venezuela, when cargo and/or passengers arrive from Iran.

Now do you understand my concerns ?



Panama's economy does not need another Noriega, even if he is elected by popular vote, for the boom that is now continuing would contract, if foreign investors and businessmen lose confidence in the government. That would cause Country Risk to climb.

Frankly, there is no need for a large standing army, for Panama faces no enemy on either its land frontiers, or at sea.