Offshore advisory firm that once advised Crocodile Dundee star pleads guilty to helping wealthy clients hide money in tax havens

Tweet Strachans SA Last month, Strachans SA, pleaded guilty in the US to hiding income and assets in offshore bank accounts, and in various corporate entities from tax authorities for its clients. Strachans SA was an accounting and financial services firm based in Jersey and Switzerland. In 2013, it became news-worthy when it and/or one […]

The $200 million a year refugee smuggling operation in Libya

Tweet A $200 million a year business and growing  The EU – Turkey deal to close the borders of the EU to refugees and migrants has shifted the human smuggling routes back to Libya. The focus back to Libya means ISIS’ large source of terrorist financing from this activity is flowing again, which may also […]

The Chinese Way – the impact of China’s anti-corruption campaign on trade-based money laundering and Macau casinos

Tweet Money Laundering Bulletin in the UK has a good article out today on the anti-corruption drive in China and its impact on the casinos in Macau, which explores the anti-money laundering lapses and lack of legislation in the gambling industry in Macau, and the corresponding increase of trade-based money laundering in China. Trade-based money laundering […]

Canadian arrested for money laundering after allegedly transporting hundreds of millions by private jet to US & tax havens through lawyer

Tweet Private jets of cash According to an article in La Presse, Martin Grenier, a Canadian from Repentigny, Québec, was arrested in Detroit and charged on February 13, 2014, with money laundering along with two Americans, including a lawyer.  Grenier is alleged to have facilitated the laundering of so much cash, that private jets were used to […]