Narco subs, drug cartels and Canada – new threats on the horizon to international security

Narco subs In the last few months, an increasing number of so-called narco subs, also called drug subs, have been intercepted in international waters by law enforcement (“LE“). A narco sub is usually a self-propelled semi-submersible (“SPSS“) used by drug traffickers to transport large quantities of illegal drugs for cartels to an international market. SPSS […]

SEC asks California Court to impose US$1M fine against pump and dumper tied to old Vancouver Hell’s Angels house shoot-out case

Shaughnessy mansion A very long time ago, July 2007 to be exact, a Shaughnessy mansion located at 1178 Lau​rier Avenue in Vancouver, Canada, was shot up. No one was hurt. People said the shooter was a member of the Hell’s Angels, angry over losses he incurred from a pump and dump stock scheme that dumped […]

Mexico’s FIU freezes bank accounts used to launder money of 1,937 suspected CJNG cartel members and their lawyers, while 5 cartels continue turf wars to export fentanyl to US and Canada

Mexico’s financial intelligence unit, working with the DEA, yesterday announced that it had frozen the bank accounts of 1,770 men and women and 167 companies believed to be tied to, or working for, the Cártel Jalisco Nueva Generación (“CJNG“), believed to have been used to launder approximately US$1.1 billion in proceeds of crime from the […]

Narcos Canada: Canadian banks & professions deal with significant proceeds of crime from narco trafficking and serious crimes; Canada listed again as “major money laundering country”; plus 10 money laundering areas of concern identified by the US for Canada

Canada still on the Majors List Canada made it on the “Majors List” in the annual US State Department’s International Narcotics Control Strategy Report (“INCSR“) again this year. The Majors List is three lists and it designates countries that are (1) “Major Illicit Drug Producing and Drug Transit Countries”; (2) “Major Precursor Chemical Source Countries”; […]

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 […]

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 […]