US Treasury designates what may be first Canadian company as part of a significant money laundering organization and drug trafficking organization

Tweet Canada now has its first official drug kingpin and its a company in Ontario. The US Department of the Treasury’s Office of Foreign Assets Control yesterday designated a Canadian company as part of a significant foreign money laundering organization and drug trafficking organization. The Kingpin Act is used for the most serious of designations and […]

Colombian financial crime police find suspected money launderer on Instagram buying Lamborghini and Porsche on her Dad’s $2,400 a year salary

Tweet The Colombian financial crime police noticed and tracked down a suspected money launderer by following her extravagant shopping sprees on Instagram. Jenny Ambuila, a Colombian foreign national, was arrested by Colombian federal police for suspected money laundering. She posted many images of expensive purses and 5 star hotel stays in the EU as well as […]

US identifies Canada as major money laundering country, and notes concern over its low prosecution rate

Tweet Canada once again a Major Money Laundering country The 2019 International Narcotics Control Strategy Report (INCSR) published on Friday by the U.S. Department of State identifies Canada once again as a major money laundering country along with a host of risky countries for financial crime. A major money laundering country is one whose banks […]

Pope engages resources of Vatican to go after Mafia, corruption and money laundering

Tweet The Vatican is getting into the anti-money laundering enforcement business it seems,  to save humanity and in particular, intends to go after the mafia, using the threat of excommunication to get their attention. The Vatican convened an anti-corruption conference with, inter alia, Scotland Yard, lawyers, Italy’s national Mafia prosecutor Franco Roberti, Rome’s Mafia prosecutor […]

Politically exposed Chinese foreign national pleads guilty to immigration fraud

Tweet Shilan Zhao (趙世蘭), the ex-wife of a Chinese official and a politically exposed person, has pleaded guilty to immigration fraud related to the EB5 investor visa program in the US and will serve a term of incarceration of five years. Zhao conspired with her husband, Jianjun Qiao (喬建軍), aka Feng Li, to immigrate to […]

Co-founder of infrastructure fund allegedly under investigation for money laundering

Tweet Kola Aluko, a Nigerian energy mogul, is allegedly under investigation for money laundering in Nigeria. Among other things, Aluko is one of the founders of Made in Africa (MiAF), a foundation for infrastructure projects across Africa which, in 2013, joined the African Development to launch the Africa50 Fund on NASDAQ, Africa’s largest infrastructure investment vehicle. […]

$2,000,000,000,000 in Proceeds of Corruption Removed from China and Taken to US, Australia, Canada and Netherlands

Tweet The questions and answers I’ve been asked the most in 2016 about China: Q: How much money has been removed from China in proceeds of corruption? A: According to the Bank of China, way over US$120 Billion or CAD$160 Billion between the years 1995-2008. China appears to have quit sharing data officially after 2011 […]

G20 adopts a “zero tolerance” against corruption and agree to close all loopholes and join forces for asset recovery of proceeds of crime on an urgent basis

Tweet The G20 agrees to cooperate over asset recovery and tracking down wanted foreign nationals implicated in financial crimes The G20 released its statement on September 5, 2016, and a large part of it indicates that the leaders of the world are becoming concerned with financial crime, including money laundering, terrorist financing and tax evasion. […]

P3 infrastructure criminal charges in Canada against a politically exposed person

Tweet The RCMP has charged a former head of a Crown corporation, Michel Fournier, and his wife, Judith Fournier, both resident in Victoria, with money laundering in connection with alleged corruption from kickbacks they allegedly received tied to a $127 million contract to renovate the Jacques Cartier Bridge. Fournier had a secret bank account in […]

Brazil’s former President, his wife and son charged with money laundering

Tweet Brazil’s former president, Luiz Inacio Lula da Silva, and his wife and son were charged with money laundering and identity fraud in connection with real estate purchases. According to Brazil’s prosecutor, the former president used proceeds of crime to acquire real estate in Guaruja for he and his family that was destined for regular families […]