But a report prepared by Germany’s intelligence agency (BND) on money laundering in Cyprus has laid bare the political risks involved, Spiegel said.
“The report of the BND shows who will profit most of all from the billions in European taxpayer funds – Russian oligarchs, businesspeople and mafiosi who have parked their illegal earnings in Cyprus,” the magazine said.
Britain’s Daily Telegraph newspaper reported in late October that the senior aide to President Mahmoud Ahmadinejad allegedly used regular visits to Vienna to build an international network to launder millions of euros through Austria, Italy and Germany.
GM for American Political Parties:
I suggest you read the article, Repaying Taxpayers With Their Own Cash, written by NY Times reporter, Gretchen Morgenson. Gretchen points out that in April 2010 when GM bragged that they were able to repay the taxpayers in full, with interest, and ahead of schedule, that the money was paid back with TARP money. They payed us back with our own money my friends.
ranks 641 of 20,093
ranks 45 of 4,089 in 2012
Explain these rankings to me
Total contributions to PACs, parties and outside spending groups: $123,910
Total contributions to candidates: $361,799
Top Candidate Recipients, 2011-2012
Barack Obama (D) $58,123
The World Will Never Get out Of Debt.
The Federal Reserve also operates its own financial Laundromat for troubled, in some cases criminal banks. The Fed’s loan laundry and downscale resale consignment shop first takes in the wash by purchasing non-performing, and therefore largely worthless financial assets (loans and loan-backed securities) to remove them from the books of private banks.
The New York agency charged that Standard Chartered conspired with Iranian clients to route nearly 60,000 different U.S. dollar payments through Standard Chartered’s New York branch “after first stripping information from wire transfer messages used to identify sanctioned countries, individuals and entities.”
The bank said that it had yet to reach an agreement with US regulators on the ultimate size of the fines following accusations it had handled money that derived from Mexican drug cartels and rogue nations such as Iran and Sudan.
Iraqi auditors believe as much as $800 million in American dollars is being sent out of the country illegally each week, draining it of hard currency, according to a report by American inspectors released Tuesday.
A U.S. Senate investigative committee reported that in 2007 and 2008 HSBC Mexico sent to the United States about $7 billion in cash. The committee report said that amount of cash indicated “illegal drug proceeds.”
HSBC Mexico acknowledged that it failed to report 39 suspicious transactions and had been late in reporting 1,729 others.
Reebok case: ED begins money laundering probe
NEW DELHI, NOV 4:
The Enforcement Directorate has begun a money laundering probe into the alleged Rs 870 crore corporate fraud in sports apparel company Reebok India.
With the registration of this new case, under the provisions of the Prevention of Money Laundering Act (PMLA), the ED has become the fourth agency to probe the purported fraud.
21 Counts of Money Laundering being reported.
…the Treasury blacklisted the Lebanese Canadian bank last year over money-laundering charges and “connections to a terrorist group”. But, long before the Arab revolutions, it was said that up to three-quarters of all Syria’s privately-held dollar liquidity rested in Lebanese accounts.
Switzerland’s Federal Prosecutors’ Office has started to probe some Syrian nationals over alleged money laundering, NZZ am Sonntag reported, citing a spokeswoman for the investigators.
HONG KONG: Hong Kong police said Friday they had arrested scores of suspected triad members for offences including money laundering and running illicit gambling dens.
The 130 suspects – laundered around HK$300 million (US$38.7 million) from their illegal activities over two years, police said.
In Canada, money laundering is a multi-billion dollar problem.
The 13 men and one woman were arrested following searches by HM Revenue & Customs investigating suspected £15m money laundering, income tax and VAT fraud linked to the construction industry.
Domestic and foreign organized crime groups target Czech
financial institutions for laundering activity, most commonly by means of financial transfers. Links between organized crime and money laundering are present mainly in the activities of foreign groups, in particular those from the former Soviet republics, the Balkans region, and Asia.
Spain and China Team
ADRID – Spanish police arrested 80 people in raids on Chinese mobsters and accomplices, including a Spanish porn star, suspected of illegally laundering hundreds of thousands of euros, authorities said Tuesday.
Police in “Operation Emperor” also seized six million euros ($7.8 million) in cash in hundreds of raids across the country, junior security minister Ignacio Ulloa told reporters.
Laughable, the US won’t list them self.