Money Laundering

Islamabad: Pakistan Tehreek-i-Insaf chief Imran Khan on Tuesday called off his anti-government protest slated to take place on Wednesday and instead announced celebrations after the Supreme Court ordered a probe against Prime Minister Nawaz Sharif and his family over the Panama Papers scandal. PTI chairman Khan had threatened to lockdown the capital tomorrow by mobilising […]

by

Grant RobertsonMP for Wellington CentralFinance Spokesperson MEDIA STATEMENT 31 October 2016 National dragging its feet on anti-money laundering legislation The National Government has once again caved in to special interests and has shelved plans to introduce legislation this year that would extend anti-money laundering requirements to lawyers, accountants and real estate agents, Grant Robertson Labour […]

by

South Beach (Credit: James Willamor) For those in Miami’s real estate market waiting for the Treasury Department to stop tracking shell companies that buy luxury homes, don’t hold your breath. A panel of industry experts, gathered Wednesday morning at the downtown Miami Hilton hotel, said the Financial Crimes Enforcement Network was only getting started with […]

by

Key Points Panama is one of several hotspots for illicit offshore finance and other types of money laundering, with London and New York also serving as hubs for illegal financial activity. Alternatives to ‘traditional’ money laundering include trade-based money laundering, cash smuggling, contraband, real-estate purchases, cryptocurrencies, digital currency exchangers, and online gaming. Illicit offshore finance […]

by

Key Points Panama is one of several hotspots for illicit offshore finance and other types of money laundering, with London and New York also serving as hubs for illegal financial activity. Alternatives to ‘traditional’ money laundering include trade-based money laundering, cash smuggling, contraband, real-estate purchases, cryptocurrencies, digital currency exchangers, and online gaming. Illicit offshore finance […]

by

Financial institutions process a lot of transactions day-to-day, transferring funds involving two or more parties. Sure, they prepare proper documentation for each transfer, but not all transfers are legal. These suspicious transactions can be part of money laundering activity. One can use an entirely hypothetical example to explain this elaborately. Suppose the CEO of a […]

by

Panama Papers and Bahama Leaks are a matter of honesty, transparency and accountability, IMF chief Christine Lagarde said on Tuesday, amidst demand for the resignation of Pakistan Prime Minister Nawaz Sharif on corruption charges. On the final day of her maiden two-day visit to Pakistan, the IMF Managing Director in her concluding press conference alongside […]

by

Gabriel Caballero Jr. is a senior counsel in Holland Knight’s Miami office and member of the firm’s financial services practice group. Caballero concentrates his practice on the representation of domestic and multinational organizations (including banks, broker dealers, money services businesses and other financial institutions) on a broad range of business, licensing, regulatory and compliance matters. […]

by