Developer sued for taking proceeds of crime from foreign nationals

Tweet New York real estate developer being sued for $18 billion for accepting alleged proceeds of corruption from foreigners who were known PEPs According to an article yesterday in the Wall Street Journal, real estate developers in New York are being sued for accepting proceeds of corruption from politically exposed persons (PEP). The plaintiffs are […]

Structuring – How Moving Funds from China to Vancouver Often Mirrors How Columbian Drug Lords Move their Money

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 […]

China and US agree to cooperate to help China track down & repatriate “economic fugitives”

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 […]

Two banks allegedly banked Chinese politically exposed persons with alleged proceeds of crime

Tweet PEPs from China According to this article in the Vancouver Sun, two Canadian banks opened and maintained a bank account for politically exposed persons from China who are now alleged to have laundered $900,000 in proceeds of crime from China to Canada and the US. The two politically exposed persons are Shilan Zhao (趙世蘭) and […]

ISIS confirmed it is sending defectors back home to the West with instructions to commit terrorist acts

Tweet ISIS  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 […]

Canada’s New Anti-Terrorism Act, 2015 – Bill C51

Tweet 1. New Anti-Terrorism Act, 2015 The Government of Canada introduced its anticipated anti-terrorism legislation in Parliament. Bill C-51, entitled “An Act to Enact the Security of Canada Information Sharing Act and the Secure Air Travel Act” (the “Anti-Terrorism Act, 2015“) which is intended to arm the government with broader powers to address the increasing threat of […]

How Canadian and US immigrants from China & Hong Kong move billions of dollars overseas

Tweet Bloomberg News has a follow-up article here on last week’s story of how wealthy immigrants from China and Hong Kong use alleged money-laundering services offered by the Bank of China Ltd. to transfer funds to Canada and the US. Last week, China Central Television broadcast a story alleging that the Bank of China offered a money […]

China seeking advice on deporting 1,000 EB-5 immigrants from US and recover assets in what may be the first cases of G20 “denial of safe haven” policy

Tweet Removal of Foreign Nationals & Asset Recovery According to several news reports, such as the one here, the government of China is in discussions with the US government (and firms) regarding the process to deport or extradict former Chinese nationals believed to have immigrated with billions of dollars in proceeds of crime from corruption. […]

G20 agrees to immigration policy measures to crack down on corrupt immigrants and proceeds of crime imported into G20 countries, including deportation of wealthy foreign nationals

Tweet Crackdown on foreign nationals with unverified funds The G20 leaders have endorsed a sweeping plan proposed by its Anti-Corruption Working Group (“ACWG“) in 2012 to tackle the illicit movement of proceeds of crime internationally by corrupt foreign nationals to other countries (usually done as part of an immigration process). The change is part of […]

Canadian charged with failure to report importation of money concealed in underwear

Tweet The US has charged a Canadian woman for failing to report the transportation of more than USD$10,000 cash in the country as required by US anti-money laundering legislation. The woman, Moura El-Asmar, is alleged to have sewn $39,000 into her bra and to have attempted to enter the US wearing that bra. She is […]