Tweet Former UN President Charged The former United Nations (“UNâ€) President of the UN General Assembly, John Ashe, the UN Deputy Ambassador, Francis Lorenzo, a Chinese foreign national billionaire, Ng Lap Seng (also known as David Ng) and two of his associates were charged in New York with various offenses over an alleged bribery scheme. Two […]
Tweet How is Some Money Moved from China? Often with Smurfs and Structuring. I am often asked how Chinese foreign nationals who have immigrated to the US, China, or EU, or are attempting to, move millions of dollars in funds to other countries unimpeded when there are Chinese banking regulations (commonly called currency controls) that […]
Tweet Whopping $150 Billion Stolen from Nigeria in 10 Years Nigeria’s new President, Muhammadu Buhari, today said that the government believes that its officials have stolen approximately US$150 billion from the state in the past ten years.  In anti-money laundering law, high ranking government officials with access to state property and assets are politically exposed persons […]
Tweet US and Canada move up on the terrorism threat index 2014 and thus far in 2015, have been marked by a dramatic increase in terrorist incidents and in the number of countries that have been pulled into terrorist activity and for which financial institutions have been used for terrorist financing. Western countries are becoming […]
Tweet Late last week, at a meeting in Beijing, the US and China agreed to continue cooperating in the removal of Chinese foreign nationals from the US who are suspected of having immigrated with proceeds of corruption. The meeting took place between Meng Jianzhu, Secretary of the Central Politics and Law Commission, and national police chief Guo […]
Tweet €736 Million Investment in Counter-Terrorism Infrastructure Le gouvernement français a décrété une “mobilisation générale” contre le terrorisme, annonçant la création de 2,680 emplois et le déblocage de €736 millions sur trois ans. Le Premier ministre a présenté des mesures visant à mieux lutter contre les filières suspectes, notamment via internet et dans les prisons, […]
Tweet ISIS Â sending defectors back home According to the popular website “Raqqa is Being Slaughtered Silently” written by people who oppose the Islamic State (“ISIS“) living in ar Raqqa, Syria, a town occupied by ISIS, ISIS is starting a campaign to send defectors back home to places like Canada, the UK, France and the US […]
Tweet Terrorist Financing for ISIS using online Payment Processors and MSBs from US Routed to Turkey and Saudi Arabia The USDOJ indicted six people this week for terrorist financing who are alleged to have used money services businesses to finance the Islamic State (“ISIS“) and to supply war-related goods to members of ISIS. According to […]
Tweet According to an article in the Washington Post, the arrest of Saja Hamid al Dulaimi, the ex-wife of the leader of the Islamic State, Abu Bakr al-Baghdadi, has shed light on terrorist financing methods used by ISIS in Lebanon. The Queen of ISIS was arrested in November 2014, attempting to enter Lebanon with her […]
Tweet Ransom payments The UK government’s proposed Counter-Terrorism and Security Bill 127 (the “Counter-Terrorism & Security Act“), now at Second Reading in the UK Parliament, will prohibit insurance companies from making ransom payments to terrorists and terrorist organizations. The provision would amend §17, the counter-terrorism financing part of the UK Terrorism Act 2000, to make it […]