Thursday, May 12, 2016

PANAMA'S BANKS LOSE THEIR CORRESPONDENT ACCOUNTS IN US

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Multiple sources in Panama City are reporting that several local financial institutions have lost their correspondent accounts in the Uni...

MOSSACK AND FONSECA THREATENS TO SUE JOURNALISTS

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In the height of arrogance, the Panama law firm of Mossack and Fonseca has publicly threatened to sue the media sources that broke the ...
Wednesday, May 11, 2016

SHOULDN'T THEY REALLY BE CALLED THE BVI PAPERS ?

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Lawyers in Panama who have read my article, detailing that most of the companies formed by the law firm of Mossack and Fonseca were in...

SEARCH THE PANAMA PAPERS YOURSELF

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Readers who wish to inquire whether the latest data dump of the "Panama Papers," the Mossack and Fonseca files released on Mon...
Tuesday, May 10, 2016

CAYMAN ISLANDS CONTINUES TO AVOID THE ISSUES WITH UK ON BENEFICIAL OWNERSHIP

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The Government of the Cayman Islands continues to decline to participate with the United Kingdom, in its uniform plan to insure that UK ...
Sunday, May 8, 2016

DUNDEE PLACED CLIENT FUNDS IN OFFSHORE BANK UNDER IRS INVESTIGATION

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A Cayman Islands shell bank, currently a defendant* in a civil suit in Grand Court, transferred client funds to an offshore bank that w...
Saturday, May 7, 2016

WAS HONG KONG UNIVERSITY USING BVI COMPANY TO MOVE DONOR'S MONEY OFFSHORE ?

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Recent Panama Papers disclosures included details of the formation, by Mossack and Fonseca, of British Virgin Islands companies, by a un...

WAKED MONEY LAUNDERING ORGANIZATION WORKED WITH RICARDO MARTINELLI AND GARY LUNDGREN

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The Wakeds Not mentioned in the many stories published this week concerning the Waked Money Laundering Organization of Panama, are deta...

SOME ADVICE FOR BANKS SEEKING TO HOLD CUSTOMERS TO THE NEW 25% CDD RULE

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Treasury has promulgated its Final Rule on Customer Due Diligence for corporate bank accounts, meaning that financial institutions must ...

MOSSACK AND FONSECA EMPLOYED MONEY LAUNDERING TRADECRAFT BY USING CHARITIES' NAMES

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The fact that the law firm of Mossack & Fonseca used the names of legitimate global charitable organizations as cover for their dir...
Friday, May 6, 2016

EUROPEAN CENTRAL BANK TO DISCONTINUE THE €500 NOTE

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Looking at the news this week, regarding the fact that the European Central Bank (ECB) has advised that, after next year, it will discon...

DEFROCKED SECURITIES TRADER GARY LUNDGREN PAYS HIS STAFF WITH SALT-ENCRUSTED DRUG CASH SMUGGLED IN FRON COLOMBIA

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Gary James Lundgren, the Alaskan native, and Panama resident, whose US licenses to sell securities were revoked for life by FINRA, has a...

PANAMANIAN BANKS NOW REFUSE TO ACCEPT FOREIGN CHECKS

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In an obvious response to the pressures that have arisen as the result of the publication of the Panama Papers documents, many financia...
Thursday, May 5, 2016

DEA BUSTS MASSIVE PANAMANIAN MONEY LAUNDERING OPERATION

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The Drug Enforcement Administration (DEA) has announced the arrest of Nidal Waked, by the Colombian National police, at Bogota Airport;...
Wednesday, May 4, 2016

SHOULD AMERICAN REAL ESTATE PROCESSIONALS TAKE THE PANAMA PAPERS AS A WARNING ?

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Given the intense interest, in tax haven corporations, generated by the information released in the Panama Papers scandal, real estate p...