wmlro.com: World Money Laundering Report Vol 9 No 2 published
In this issue published 8 July 2010:
*Ponzi operator used commodities as hook for foreign currency fraud*
A ponzi-scheme operator has pleaded guilty to commodities fraud. But his plea is to a single count despite the substantial sums involved.
*Takedown: international organised crime gang in New York*
It's not the usual same-old, same-old in this case of drugs and gun running.
*London's Ritz Hotel "for sale" in scam*
An example of the truth that if a lie is big enough, someone will believe it.
*UK government's spending review improve foreign aid governance?*
The UK's new coalition government says that it is to review aid to make sure it it spent properly.
*Dubai money laundering defendants acquitted on appeal*
It was a big case. It was big news. For prosecutors, it has turned into a big let-down.
*Kenyan law : passed, sidelined, omits terrorist financing*
Incredibly, the only deal across the House involved dumping the one thing that the FATF really, really wanted to see in Kenya's new law.
*More embarrassment for UK's Lloyds TSB*
More black days for the Black Horse as a member of staff is suckered in by long legs and blonde hair.
*Nigeria debates amendment to law*
Nigeria looks to update its money laundering law even though it's not the size but what you do with it that counts, and Nigeria uses its existing law to better effect than many other countries.
*Workshop on detecting forged travel documents*
In the wake of the Mossad use of forged (or real with false information) passports, the OSCE helps countries identify such documents. Hopefully.
*US charges French company with bribing Nigerian officials; levies highest FCPA penalty to date*
It's beginning to look as if the long running case of bribery over the building of a natural gas processing plant in Nigeria might actually be coming to an end.
*Mumbai terrorist was US government agent*
Don't they ever learn? If you recruit a drugs smuggler to work for the DEA, then send him off on international travel to sneak into criminal gangs who are tied to terrorism, then surely there's at least a decent risk he will go rogue. This one did in the most spectacular way and the Indian authorities are not best pleased.
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World Money Laundering Report is published in the UK by Vortex Centrum Limited.
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WMLR Digest (this note is published in the UK by Vortex Centrum Limited.
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