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/

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

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/

THE OUTRAGE OF CARTEL VIOLENCE
Every day we see and hear about the death and destruction in Latin America, the ruthless killings and the demise of the rule of law. Does anyone care? Are you listening? Please take a few moments to listen to my latest podcast with Operation Freedom about the outrageous attack on the people of Mexico and many other countries. We must support them in their fight for true democracy:

https://operation-freedom-shows.s3.amazonaws.com/NOV17_2019/BobMazur111719.mp3

WHAT CRYPTOCURRENCY, DRUG LORDS & MAFIA BOSSES DON’T HAVE IN COMMON

I had the opportunity to share my thoughts in an article published in an Anti-Money Laundering (AML) industry journal and wanted to share that with you. The point of my article is that it is clearly important for AML professionals to maintain an open mind and awareness about emerging threats, but our passion to learn the newest wrinkle can sometime distract us from the importance of fundamentals. I challenged myself to think back to the days when I laundered for some of the deadliest drug bosses on the planet – “If cryptocurrency was available then, would I have developed a crypto laundromat?” The answer is my article published today by KYC360:

https://www.riskscreen.com/kyc360/news/kyc360-exclusive-what-cryptocurrency-drug-lords-and-mafia-bosses-dont-have-in-common/