World Money Laundering Report Vol. 9 No. 1 (English Edition) [Kindle-editie] beoordelingen het boek quotes

WORLD MONEY LAUNDERING REPORTVolume 9, Number 1Published 30 March 2010Vortex Centrum Ltd,Publishers, EnglandPart of The Anti Money Laundering Networkwww.vortexcentrum.comwww.worldmoneylaunderingreport.comwww.antimoneylaundering.netIn this issue* And so it begins.... US starts action over sub-prime scandalThe first few days of December 2009 saw the first salvo in what may - or more probably will not - become large-scale action against those who were "responsible" for "the financial meltdown."* McGrath conviction demonstrates huge range of interest for Money Laundering Risk Officers and lawyers.Pleading ignorance of the source of funds, a man starts a jail sentence for money laundering. Prosecutors succeed in establishing wilful blindness. At last.* Due diligence nightmare as Israel duplicates foreign passportsIt's accepted that organised crime gangs - and even many who are not particularly organised - can get fake passports. But the growing scandal over the (alleged) use by Israeli intelligence agency Mossad of fake foreign passports emphasises the just how far passport security has been compromised, turning the question of due diligence on its head.* Insurers cannot void directors' policy on suspicion of money laundering - yet.A three-judge panel in the New Orleans Federal Appeals Court has ordered that Lloyds of London cannot void a legal expenses policy taken out by Sir Allen Stanford and other officers and executives until the case against them is determined by a lower court.* USA cracks down on LA gangs.The US Department of Justice has indicted 88 members and associates of a Los Angeles street gang known as Avenues.* Economies: Crisis Foreshadowed. Bank closings evidence continuation of downturnNigel Morris-Cotterill, Head, The Anti Money Laundering NetworkWhile politicians claim that the world's economies are picking up, they are spinning a picture that is far from the reality on the ground. The evidence is that there if there is a genuine recovery - and even on politicians' figures that is by no means certain, it's a double dip - and that the second dip may be more serious than the first. When my group of companies first started planning for this recession, back in 2006, people thought we were mad. But for us, all the indicators pointed in one direction: chaos and if the financial world is in chaos, that meant recession.* UK Government and Union in Black Box money schemeA startling report was published by The Daily Telegraph, a UK newspaper, on 19th March 2010. The newspaper had learned that trade union, Unite, which is the union leading a strike of British Airways cabin crew, had received more than GBP18 million from the UK taxpayer to fund an education scheme as part of a government initiative. But that same union has paid approx GBP30 million to the Labour Party since 2001 and in addition directly funded political staff in senior positions.* Does the WTGC case show more failures by the SEC?The case against directors of WG Trading Corporation and its various associated businesses has a subtext that, as in the case of the Madoff scandal, raises questions as to whether the SEC can even see the ball, never mind drop it.