BVI Premier arrested for conspiracy to import cocaine for Mexican cartel and money laundering

The Premier of the British Virgin Islands, Andrew Alturo Fahie, and BVI port authority head Oleanvine Maynard (“Maynard“), were arrested on drug trafficking and money laundering charges in Miami yesterday, shortly after looking at $700,000 in cash in a private jet that was earmarked for them. The cash, they were told, was a payment from […]

Drug kingpin Caesar Emilio Peralta (Caesar el Abusador) arrested in Colombia on anniversary of Escobar’s death

Caesar Emilio Peralta, also known as Caesar the abuser, an OFAC designated drug kingpin from the Dominican Republic, was arrested in a rented condo in a hotel in the upscale Bocagrande District of Cartagena de Indias, Colombia. Police say he was getting ready to flee to Panama. Peralta is wanted on charges of international narcotics […]

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 […]

Partner of alleged international human trafficker and money launderer arrested in Dominican Republic

Marisol Franco, the common law spouse of Caesar Peralta who is known as “Caesar the Abuser”, was arrested in the Dominican Republic yesterday in connection with charges against her spouse of alleged money laundering. Peralta was designated as a drug kingpin last week by the US Treasury and is being sought by the US government. […]

Dominican Republic alleged drug kingpin Caesar Peralta and his close ties to federal government officials

On August 20, the US Office of Foreign Assets Control (“OFAC“) designated Caesar 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. Alleged money launderer and trafficker Peralta is known as “Caesar […]

France & Spain go after Syrian PEP, the Butcher of Hama’s $1 billion in unexplained wealth

Rifaat al-Assad, the uncle of Syria’s President Bashar al-Assad, is facing permanent asset forfeiture in France in connection with unexplained wealth and asset accumulation in France. He was charged in France last month with corruption, money laundering and embezzlement of state assets from Syria. He was ordered to remain in France. He is a politically exposed […]

Former DEA Agent says they were caught off guard on “deep infiltration” of Mexican cartel drug trafficking operation in Canada

Notorious Sinaloa cartel Andrew Hogan, a former agent of the Drug Enforcement Agency (DEA), who, as part of a multi-agency task force that included Homeland Security Investigations, successfully hunted and located the most wanted cartel leader in the world, El Chapo Guzman, says that when monitoring the Sinaloa’s activities, they [the DEA] were most surprised […]

Owner of bank in the Dominican Republic sentenced to 3 years in jail for money laundering

The owner of a bank in the Dominican Republic, called Banco Peravia, was sentenced to a term of incarceration of 3 years, after pleading guilty in the US to money laundering using the bank, in the US. Gabriel Arturo Jimenez Aray, a Venezuelan citizen who lived in Chicago, acquired Banco Peravia in the Dominican Republic in […]

“How to” text book by accountant on using offshore tax havens to avoid money laundering detection

One of the most curious text books one can find in law libraries is a “how to” series of legal text books on how to select the best international tax haven for clients to hide their money. It’s curious because one would have thought that helping clients hide money is not what lawyers are permitted […]

US amends anti-money laundering law for beneficial ownership after Panama Papers, including to detect purchases of expensive real estate with illicit money

Panama Papers Driven Changes The US Treasury has announced several amendments, and proposed legislative amendments, to its anti-money laundering (“AML“) legislation in the wake of the Panama Papers scandal to tackle the disclosure of what is called “beneficial ownership.” Beneficial ownership means the beneficial, as opposed to the legal, owner of shares of a private […]