WHY CORRUPTION IS THE KRYPTONITE THAT UNDERMINES THE WAR ON DRUGS
Please listen to my latest interview about the importance of following the flow of illicit funds to corrupt officials that enable the cartels of the world. In the near future I will write a more detailed article about this horrific problem - explaining in greater detail why money shuts the mouths of otherwise legitimate governments:
https://operation-freedom-shows.s3.amazonaws.com/FEB09_2020/BobMazur020920.mp3
Please listen to my latest interview about the importance of following the flow of illicit funds to corrupt officials that enable the cartels of the world. In the near future I will write a more detailed article about this horrific problem - explaining in greater detail why money shuts the mouths of otherwise legitimate governments:
https://operation-freedom-shows.s3.amazonaws.com/FEB09_2020/BobMazur020920.mp3
WHY THE VOICES OF THE ANGOLAN PEOPLE GO UNHEARD
I had the honor of assisting the International Consortium of Investigative Journalists (ICIJ) recently on a very important project they undertook to analyze leaked e-mails, agreements and other documents that relate to two decades of unscrupulous deals that made Isabel dos Santos Africa's wealthiest woman and left oil and diamond rich Angloa one of the poorest countries on Earth. The ICIJ findings relate to a web of more than 400 companies and subsidiaries in 41 countries linked to Isabel dos Santos or her husband, including 94 in secrecy jurisdictions like Malta, Mauritius and Hong Kong. Of course, none of these secret transactions could have occurred without the willing assistance of sophisticated financial advisers and accounting firms. With permission from the ICIJ, I've shared some insights into the very small piece of this puzzle that I analyzed. You can read about it in my article, which also offers links to other related articles, including the lengthy analysis done by the ICIJ:
https://www.riskscreen.com/kyc360/news/the-reality-about-peps-its-a-global-problem/
I had the honor of assisting the International Consortium of Investigative Journalists (ICIJ) recently on a very important project they undertook to analyze leaked e-mails, agreements and other documents that relate to two decades of unscrupulous deals that made Isabel dos Santos Africa's wealthiest woman and left oil and diamond rich Angloa one of the poorest countries on Earth. The ICIJ findings relate to a web of more than 400 companies and subsidiaries in 41 countries linked to Isabel dos Santos or her husband, including 94 in secrecy jurisdictions like Malta, Mauritius and Hong Kong. Of course, none of these secret transactions could have occurred without the willing assistance of sophisticated financial advisers and accounting firms. With permission from the ICIJ, I've shared some insights into the very small piece of this puzzle that I analyzed. You can read about it in my article, which also offers links to other related articles, including the lengthy analysis done by the ICIJ:
https://www.riskscreen.com/kyc360/news/the-reality-about-peps-its-a-global-problem/
The Reality About Corrupt PEPs: They're a Global Problem
At the request of ICIJ, I analyzed e-mails and other records documenting some of the communication between PwC auditors and representatives of Fidequity.
riskscreen.com
CANADA'S ABYSMAL PROSECUTION RATE FOR MONEY LAUNDERING
Canada has become a money laundering mecca for drug cartels and terrorist organizations. Recently released statistics confirm that a very small percentage of those charged in Canada with money laundering are prosecuted for that offense. There is a reason for this, which is simply the inability of Canadian law enforcement to understand the concept of weaponizing their use of their own money laundering statutes. I address this fatal flaw in one of my recently published articles:
https://www.riskscreen.com/kyc360/news/kyc360-exclusive-canadas-abysmal-prosecution-rate-for-money-laundering/
Canada has become a money laundering mecca for drug cartels and terrorist organizations. Recently released statistics confirm that a very small percentage of those charged in Canada with money laundering are prosecuted for that offense. There is a reason for this, which is simply the inability of Canadian law enforcement to understand the concept of weaponizing their use of their own money laundering statutes. I address this fatal flaw in one of my recently published articles:
https://www.riskscreen.com/kyc360/news/kyc360-exclusive-canadas-abysmal-prosecution-rate-for-money-laundering/
KYC360 Exclusive: Canada’s Abysmal Prosecution Rate for Money Laundering
The recent proclamation in The Star that, “In Canada, nearly all accused money launderers get their charges dropped”, didn’t surprise me in the least.
riskscreen.com
EFFECTIVE ANTI-MONEY LAUNDERING COMPLIANCE REQUIRES A COMPLIANCE / SALES UNITY
I had the privilege of being interviewed today about HSBC’s December 2019 Deferred Prosecution Agreement with the U.S. concerning their admitted criminal conspiracy with U.S. account holders to evade income taxes. It is a story that, were it not for the bravery of the whistleblower, Herve Falciani, would never have been told. Mr. Falciani exposed a global conspiracy by an institution to provide tax evasion services to account holders in many countries. Sadly, it is a story that has prevailed globally for many decades in far too many institutions, and a scenario that has shifted the burden of taxation to citizens around the world that aren’t lured by or interested in the world’s brightest tax evasion services. One can only hope that this is not just a battle victory, but one of many recent fights that will bring victory to the war being fought for the parity of taxation. You can hear the interview at this link:
https://operation-freedom-shows.s3.amazonaws.com/DEC29_2019/RobertMazur122919.mp3
I had the privilege of being interviewed today about HSBC’s December 2019 Deferred Prosecution Agreement with the U.S. concerning their admitted criminal conspiracy with U.S. account holders to evade income taxes. It is a story that, were it not for the bravery of the whistleblower, Herve Falciani, would never have been told. Mr. Falciani exposed a global conspiracy by an institution to provide tax evasion services to account holders in many countries. Sadly, it is a story that has prevailed globally for many decades in far too many institutions, and a scenario that has shifted the burden of taxation to citizens around the world that aren’t lured by or interested in the world’s brightest tax evasion services. One can only hope that this is not just a battle victory, but one of many recent fights that will bring victory to the war being fought for the parity of taxation. You can hear the interview at this link:
https://operation-freedom-shows.s3.amazonaws.com/DEC29_2019/RobertMazur122919.mp3
LEVELING THE UNEVEN PLAYING FIELD FROM WHICH WE FIGHT
How successful is our strategy in the wars against drugs, money laundering and corruption? The attack by law enforcement on the supply side of the war on drugs is important to destabilize the command and control of the underworld, at least temporarily. Equally as important are the efforts by private sector AML professionals and law enforcement officials to root out and prosecute those involved in money laundering. But, is there something more significant we can do to make a long-term difference? I explore that issue in my latest article published by KYC360, which you can access through the link below.
https://www.riskscreen.com/kyc360/news/kyc360-exclusive-leveling-the-uneven-playing-field-from-which-we-fight/
How successful is our strategy in the wars against drugs, money laundering and corruption? The attack by law enforcement on the supply side of the war on drugs is important to destabilize the command and control of the underworld, at least temporarily. Equally as important are the efforts by private sector AML professionals and law enforcement officials to root out and prosecute those involved in money laundering. But, is there something more significant we can do to make a long-term difference? I explore that issue in my latest article published by KYC360, which you can access through the link below.
https://www.riskscreen.com/kyc360/news/kyc360-exclusive-leveling-the-uneven-playing-field-from-which-we-fight/
KYC360 Exclusive: Leveling the Uneven Playing Field from Which We Fight
At times, we AML professionals that play by the rules have difficulty realizing that the “bad guys” at the highest levels of the criminal world have no rules.
riskscreen.com
