Canadian accused of money laundering as part of sophisticated lawyer-concocted shell operation to hide proceeds of crime, extradited to New York and indicted

A Canadian charged with money laundering, Enzo Vettesse, was extradited to New York last week and a 2013 sealed indictment against him, was unsealed. On March 18, 2013, Montrealer Vettesse was caught in New York transporting a suitcase filled with US$245,000 in cash and confessed to US law enforcement that he was traveling with the […]

Two bank employees charged with money laundering and creating “doctored” bank records to steal over $1 million

In the Southern District of New York, two employees of a large national bank were charged with money laundering, bribery and wire fraud in connection with activities they allegedly undertook to create “doctored” bank records in order to steal over $1 million. Specifically, the US government alleges that they knowingly devised a scheme to defraud […]

Two crypto dudes who allegedly blew through US$4.5 million on a $22k salary, used customer funds to live in a mansion together, take a private jet, gamble at casinos and drive around in exotic fast cars, charged with money laundering

Two Bitcoin guys, one who called himself the “Krypto King”, were charged in Arizona with money laundering and wire fraud after an investigation by the US Secret Service. According to material filed in the case, they are alleged to have used US$4.5 million of money that belonged to customers to live a lavish lifestyle that […]

US considering two anti-money laundering bills to force disclosure of shareholders of private companies

In what will be the most significant change to anti-money laundering law in the US since the Bank Secrecy Act, the US is considering two separate bills that, if passed, would require disclosure of the shareholders of private companies – the ILLICIT CASH Act and the Corporate Transparency Act, H.R. 2513. ILLICIT Cash Act The […]

The Com Man: Canadian ICO founder who led a rich and famous lifestyle with private jet trips, diamond watches and fast cars, arrested

Canadian ICO founder arrested; investors all over the world may be out at least $80 million A Canadian from Montreal, Quebec, named Aziz Com Mirza, was arrested in Dubai on October 27, 2019, and is chilling in the Al Awir jail, on allegations of running a Ponzi scheme. Mirza founded a Canadian initial coin offering […]

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 and deposed by a special agent of the FBI against Konstantin Ignatov, an executive who helped operate a digital currency company called OneCoin and a digital currency exchange, sheds some light on the murky world of OneCoin. The money From 2014 to […]

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 […]