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Bannon-Linked border group seeks to lift U.S. freeze on funds

A foundation backed by former presidential adviser Stephen Bannon has asked a judge to lift a freeze on its bank accounts put in place after Bannon and three others were indicted for fraud and money laundering in connection with funding the private construction of a U.S. border wall. Prosecutors secretly… Read More

Trump rally ‘VIP’ among six Chinese nationals charged with drug money laundering

A Chinese national whose Instagram page features pictures of him wearing a VIP pass at a 2018 rally for President Donald Trump, is now on U.S. soil after being charged with conspiring to distribute cocaine and laundering the illicit funds, according to court documents filed earlier this week. Tao Liu,… Read More

Bermuda, Nevis and BVI linked to massive fraud case against Texan billionaire

A 79-year-old Texan billionaire has been accused of using a web of entities in Bermuda and Nevis to hide US$2 billion in assets in what prosecutors say is the largest tax evasion case against an American in US history. Robert Brockman was charged with tax evasion, money laundering and other… Read More

19th October 2020

U.S. indictments claim cartels had reach into Mexico’s top security ranks

For years, the United States called on a cadre of senior Mexican officials as its partners in the drug war. But some of the men working most closely with Washington allegedly had a side hustle of helping to traffic drugs. In the past 10 months, two members of Mexico’s elite… Read More

16th October 2020

Mexico’s Former Defense Minister Is Arrested in Los Angeles for Money Laundering

A former Mexican defense minister was arrested on Thursday night after arriving at Los Angeles International Airport with his family, according to the Mexican government, becoming the first high-ranking military official to be taken into custody in the United States in connection with drug-related corruption in his country. The former… Read More

15th October 2020

Mexico freezes 1,352 alleged criminal accounts in capital

AP – Police and Mexico’s federal anti-money laundering agency said Tuesday they have frozen 1,352 bank accounts that allegedly moved about $125 million on behalf of 14 crime gangs, including some of Mexico’s biggest drug cartels. While Mexico City officials have long denied that cartels operate in the capital,… Read More

13th October 2020

HSBC: Dirty money and white collars

By Ignacio Rodríguez Reyna, Zorayda Gallegos and Silber Meza, Quinto Elemento Lab and CONNECTAS via OCCRP, 9 October 2020 Insight Crime – As drug traffickers’ bank of choice for many years, HSBC allowed its services to be used as a conduit for money laundering. The US and Mexican governments… Read More

30th September 2020

Mexico says drug cartels prey on mining companies

AP – Mexico launched a special government guard force for mining operations Monday, admitting that drug cartels have preyed on the companies, many of which are foreign. The first 118 mine guards graduated Monday from a special training course. They are equipped with assault rifles. Public Safety Secretary Alfonso… Read More

30th September 2020

The evolution of serious and organised crime: the diversifying nature of criminal operations in the digital age

Organised crime groups (OCGs) have evolved and adapted techniques designed to facilitate criminal activities, evade detection and enable criminal enterprise to endure. The National Crime Agency’s (NCA) national strategic assessment of serious and organised crime (SOC) 2020 reports that SOC continues to have more impact on UK citizens than… Read More

29th September 2020

Julius Baer weighs opening U.S. business, buying LatAm firms

Julius Baer Group Ltd. is deciding whether to start a wealth-management business in the U.S. as it seeks partnerships or acquisitions in its core Latin American markets. “I would not be doing my job as somebody that is totally committed to making our Americas’ business a top competitive business… Read More

25th September 2020

FinCEN leaks expose personal risk of AML/CTF compliance enforcement

An unprecedented leak of thousands of files from the U.S. government’s most confidential financial intelligence database has shone a spotlight on the world’s $2 trillion-a-year dirty money habit. In spite of the excellent media coverage, this story goes much deeper than the “bad bankers” narrative being trotted out by many… Read More

21st September 2020

Court unfreezes accounts of Mexican firm sanctioned by U.S.

A Mexican court has unfrozen the bank accounts of a local company blacklisted by the United States for trading in oil with Venezuelan state oil firm PDVSA despite U.S. sanctions, Mexico’s anti-money laundering unit said on Saturday. In a statement, Mexico’s Financial Intelligence Unit (UIF) said it disagreed with the… Read More

14th September 2020

B.C. court orders Mexican businessman to produce documents in alleged money-laundering case

B.C. Supreme Court has stipulated that a Mexican businessman must produce documents within 30 days in a B.C. forfeiture case. The case involves two Kelowna-areas properties the province alleges were used to launder money linked to a $200-million plus international stock fraud. Following the consent of the parties, the court… Read More

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