Here are two of the known money launderers, and their front companies, all formed in BC:
(1) Vincent Ramos, the convicted criminal whose company Phantom Secure, sold encrypted communications devices to criminal organizations, as well as servicing them, earned a reputed CAD$80m, which he laundered through ten shell companies, including:
(A) VMD Ventures, Ltd.
(B) 1046597 BC Ltd.
(C) SLV Global
(D) 1125580 BC Ltd.
(2) Convicted gang leader Clay Roueche, now serving time in a US prison, formed these companies:
(A) 611659 BC Ltd.
(B) Unified Money Solutions
(C) 711067 BC Ltd.
British Columbia desperately needs a statute requiring the identification of Beneficial Owners of a corporation. Until that happens.you can expect to see the rampant money laundering continue.
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