Growing protests over corruption in global hot spots means increased risks of the movement of proceeds of corruption from PEPs to the West

2019 seems to have been a record year for mass protests by citizens marching against national corruption – at least 10 countries have had massive protests in the last few months, many of which are ongoing. Corruption at the national level is perpetrated by politically exposed persons (“PEPs“) who have access to the country’s coffers, […]

“Take the money and run, and blame someone else” – a digital currency exchange founder’s exit strategy

The brother A criminal complaint filed in the Southern District of New York by the FBI against Konstantin Ignatova, an executive who helped to operate a digital currency exchange and launched an initial coin offering (“ICO“) called OneCoin, sheds some light on the sometimes murky world of a digital currency exchange founder. The money The […]

8 questions you may have had about the movie “The Laundromat” and yes, there are British Columbia connections

Part 1 – Background Skip this Part 1 if you know about Mossack Fonseca and shell and shelf companies. The movie “The Laundromat” is about lawyers and big law firms and the system that fuels offshore money movements, often involving the proceeds of crime. The movie is about a big law firm called Mossack Fonseca that was based […]

Canadian money launderer from Vancouver loses another appeal in Hong Kong; ordered deported to India to face drug trafficking charges

A Canadian man, originally from China, who is a convicted money launderer, lost a second appeal in the Hong Kong Court of Appeal two weeks ago, to prevent his deportation to India to face trial for drug trafficking. Xie Jing Feng, whom we wrote about here, appealed decisions for his removal on the ground of […]

Mexican national with alleged ties to money laundering, is fighting to re-enter Vancouver

The Vancouver Sun has an interesting story here about an immigration case in the Federal Court of Canada involving alleged money laundering of a politically exposed person (“PEP”) with ties to the leader of a Mexican political party called the National Action Party. Sergio Antonio Reyes Garcia, a Mexican national, arrived in Vancouver on March […]

American ICO lawyer and chairman of Vancouver Blockchain company, arrested by FBI for extortion

The FBI arrested Steven Nerayoff, a US lawyer known for his work on advising ICOs, including the Canadian ICO Ethereum, and charged him with extortion. His case is in the Eastern District of New York. According to a complaint unsealed yesterday, Nerayoff is alleged to have threatened to destroy a company launching an ICO in […]

Dominican Republic drug kingpin & human trafficker “César the abuser” listed by OFAC

On August 20, the Office of Foreign Assets Control (“OFAC“) designated César Emilio Peralta, a national from the Dominican Republic and the criminal organization he is said to control, as significant narcotics traffickers and a drug kingpin under the Foreign Narcotics Kingpin Designation Act. Peralta is known as “César the Abuser” (el abusador) in the […]

A “Criminal Blockchain” – York Regional & Italian Police take down alleged major ‘Ndrangheta players and seize over $35 million in alleged proceeds of crime

A criminal Blockchain linking Calabria and Toronto York Regional Police, north of Toronto, Canada, made a major money laundering bust last week against the ‘Ndrangheta, arresting several of its alleged members including its alleged powerful leader, Angelo Figliomeni. Figliomeni is charged with money laundering, directing a criminal organization and fraud. Another eight alleged associates of Figliomeni were […]