Professional Documents
Culture Documents
BY
Allan rAMLALL
BUSINESS ALPHA SOLUTIONS
February 1, 2016
http://www.businessalphasolutions.com/
http://www.ibtimes.co.uk/hsbc-snaps-ties-islamicrelief-over-terror-fears-1535825
http://blogs.wsj.com/riskandcompliance/2016/01/04/f
oreign-banks-in-spotlight-amid-u-s-fight-against-
hezbollah/
http://www.wsj.com/articles/credit-agricole-greesto-pay-penalty-of-99-million-to-u-s-departmentof-justice-1451575210?mod=djemRiskCompliance
http://www.reporter.bz/crime/belizean-arrestedfor-money-laundering-in-honduras/
Schahin, Petrobras
Operations: Report
http://www.reuters.com/article/us-brazilcorruption-banks-idUSKCN0UP24Y20160111
Cascione. Reuters
with authorities.
declined to comment.
document.
Market slowdown?
Ron Shuffield, CEO of EWM, said
legitimate buyers might still be wary of
handing their names over to the government.
There are going to be some people who
have nothing to hide, no criminal activity,
but who value their privacy, Shuffield said.
Actors and athletes and politicians who
dont want the whole world potentially
camping out on their front step.
Developers of new condo towers rely on
cash buyers, many of them from Latin
America and Europe.
The new rules are in some sense bringing
banking compliance regulations into real
estate. Banks must perform due diligence on
clients moving money into the U.S. in order
to ensure that theyre not connected to
terrorism, drug smuggling, corruption or
other crimes.
This is the regulatory world of today, said
Alan Lips, an accountant at Gerson Preston.
More information, more disclosure...
bringing in the title insurance companies is
kind of a second step in the process of
making sure the money is clean and
legitimate.
Lips said even law-abiding buyers have
reasons to remain private.
You see a lot of safety concerns with
people from Brazil or Argentina, for
example, he said. They dont want people
from their home country to go and look on
the Internet and see that they paid a lot of
money for a house and become a target for
kidnapping.
Foreign buyers will also be nervous about
the prospect of Treasury officials contacting
their governments, said Jeffrey Rubinger, an
attorney at Bilzin Sumberg who specializes
Over the summer FinCEN said that checkcashing stores in Miami-Dade and Broward
would need to record more information
about customers cashing tax refunds of more
than $1,000. The two counties have the
highest rates of identity theft and tax-refund
fraud in the country.
in Miami.
Tobon said.
now," he added.
Calvery added.
for details.
The temporary orders begin on March 1
Research conducted by the Homeland
Amandala
Belizes
banking
sector
has
been
Belize.
than a decade.
12
country.
lasting solution.
the
local
banks
with
and
the
Federal
Deposit
Insurance
fearing
established relationships.
domestic
correspondent
13
bank,
lost
its
repercussions
brought
by
US
World
Bank
are
slow
to
Central
IMF,
Bank
Governor,
officials there.
stated.
Governor
of
correspondent
banking
relationships
assured
that,
The
operationally.
https://100r.org/2016/01/via-accountsfeds-pursue-hezbollahs-alleged-africancash/
2015.
Europe.
In return, International Cross Trade
Wells Fargo, the worlds largest bank by
according to prosecutors.
Colombia, or FARC.
case.
According to European and UN officials
We have already made significant
denied narco-trafficking.
18
seized.
barred countries.
19
cooperativeness.
funds.
he said in an email.
Lebanon.
truly in cahoots.
http://www.algarvedailynews.com/news/784
Ibrahim Warde, a Tufts University business
professor and paid expert for the Tajideen
legal team, submitted a sworn statement
saying he believed any business dealings
between FARC and Hezbollah were at most
0-former-directors-of-banco-privadoportugues-accused-of-fraud-breach-of-trustand-money-laundering
January 29, 2016. Algarve Daily News
21
and 2008.
'misappropriated.'
liquidation.
laundering.
recapitalization
22
Reporter
Portugus.
Prime Minister Dean Barrow left Belize
On 11 October 2010, the Polcia Judiciria
the region.
million euros.
risking.
said.
risking measures.
minute
24
http://www.sidley.com/news/2016-01-
29_banking_and_financial_services_update
financial institution.
employer.
26
7-8.
27
9.
property interest.
28
corruption program.Freeport-McMoRan
and its Indonesian affiliate PTFI have and
maintain an anti-corruption program that is
designed to prevent, detect and remediate
FCPA/anti-corruption risks and to comply
with applicable laws. We also have
disclosure policies that are designed to
promote compliance with our disclosure
obligations, spokesman Eric Kinneberg
said.
The FCPA is enforced jointly by the
Securities and Exchange Commission and
U.S. Department of Justice. The SEC
declined comment on whether any
investigation of Freeport is underway. The
Justice Department said As a matter of
policy, we generally neither confirm nor
deny whether a matter is under
investigation.
Class and shareholder lawsuits involving
FCPA claims, particularly those not
involving a public U.S. investigation, are
frequently unsuccessful.
TOPICS OF
DISCUSSION
I.
II.
III.
IV.
V.
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VI.
VII.