OTHER THINGS YOU MAY HAVE MISSED – AUGUST 3

3rd August 2019

ALBANIAN COCAINE SMUGGLING GANG DISMANTLED IN ITALY

On 2nd August, EU-OCS reported that a gang who imported tons of cocaine from the Netherlands to Italy has been broken up with the arrest of 9 people, accused of international drug trafficking and possession of weapons, with nearly 200 kg of cocaine seized.  Among those arrested by Italian police was the alleged leader of the gang, Lulzim Daiu.  The cocaine arrived in specially modified cars – vans or SUV for transnational journeys between 15 kg and 50 kg and cars for the transport of smaller quantities of drugs and for the transport of weapons and money.

https://eu-ocs.com/albanian-cocaine-smuggling-gang-dismantled-in-italy/

NAMIBIA: SUSPICIOUS TRANSACTIONS INCREASE BY 97% IN 2019

The Patriot in Namibia reported on 2nd August on the 2019 Annual Report by the Bank of Namibia’s Financial Intelligence Centre (FIC).  It is reported that the number of SAR reported in 2019 was 279, a 97% increase, compared to 139 SAR in 2018.  This is attributed to AML/CFT training, supervision and monitoring into the quality of reporting by the FIC.  Tax Evasion remains the leading potential offence in all the suspicious reports finalised.

https://thepatriot.com.na/index.php/2019/08/02/suspicious-transactions-increase-by-97-in-2019/

INDIA DEPORTS FORMER MALDIVES VICE-PRESIDENT SEEKING POLITICAL ASYLUM

Al Jazeera reported on 3rd August that India had deported the former Maldives Vice-President, Ahmed Adeeb, who is accused of having a role in trying to kill a former Maldivian president, and tried to enter India on a tugboat and without passport.  Adeeb and 9 members of the vessel Virgo 9 were handed over by the Indian coastguard to Maldivian security at their maritime border in the Indian Ocean.

https://www.aljazeera.com/news/2019/08/india-deports-maldives-vp-seeking-political-asylum-190803072231353.html

IRANIAN OIL TANKERS HAVE BEEN QUIETLY OFFLOADING INTO CHINESE PORTS DESPITE US SANCTIONS

Customs Today reported on 3rd August that Iranian oil tankers have been quietly offloading their supply into Chinese ports, according to ship tracking data, despite US sanctions on crude from Iran.

http://www.customstoday.com.pk/millions-of-barrels-of-iranian-crude-are-sitting-in-chinese-ports/

OFFICIALS EXAMINE SPRAWLING SHADOW ECONOMY IN TAJIKISTAN

On 2nd August, OCCRP reported that a shadow economy that is depriving the Tajikistan treasury of tax revenue accounts for up to 20% of the central Asian country’s total economy, according to the head of the country’s State Investment Committee.  A survey has found that on average businessmen were hiding 20 % of their annual income, with one common way being to reduce in accounting books the salaries of employees.  In addition, more than $26 million went unaccounted for in 10 Tajik government ministries and departments that underwent financial audits since the beginning of the year.  1,370 cases of corruption and tax evasion had been investigated over 6 months – 400 of them characterised as egregious.

https://www.occrp.org/en/27-ccwatch/cc-watch-briefs/10384-officials-examine-sprawling-shadow-economy-in-tajikistan

DANSKE BANK TO EXIT RUSSIA AMID MONEY LAUNDERING SCANDAL

On 2nd August, Baker McKenzie reported that the bank has outlined plans to quit Russia by January next year after the Danish bank was rocked by allegations its Estonian branch was involved in a $230 billion money laundering scandal.

http://www.riskandcompliancehub.com/danske-bank-to-exit-russia-amid-money-laundering-scandal/

NORTH KOREAN HACKING GROUPS AND COPYCATS ARE GOING AFTER FINANCIAL INSTITUTIONS

On 2nd August, Baker McKenzie reported that DPRK state-sponsored and criminal actors are mounting a wide array of cyber attacks against the global finance industry with an aim to steal data and sabotage trading systems, according to new research from Finnish cybersecurity company, F-Secure.

http://www.riskandcompliancehub.com/north-korean-hacking-groups-and-copycats-are-going-after-financial-institutions/

IRISH REVENUE SEIZE 584,000 CIGARETTES IN DUBLIN PORT

A news release from the Revenue Commissioners on 2nd August reported that Revenue officers seized approximately 584,000 unstamped cigarettes in Dublin Port, in a shipment originating from China that arrived in Dublin Port from Rotterdam.  They were branded ‘Marlboro Gold’ and ‘MB Blue’.

https://www.revenue.ie/en/corporate/press-office/press-releases/2019/pr-020819-revenue-seize-584000-cigarettes-in-dublin-port.aspx

 

This blog is primarily for my own use, to keep informed and up to date.  However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

BRITISH COLUMBIA: LAW SOCIETY REFORMS PRACTICES IN WAKE OF MONEY LAUNDERING SCANDAL

Kenneth Rijock in his blog on 2nd August reported that the Law Society of British Columbia has enacted a number of significant reforms to their professional regulations on the proper use of trust accounts, including specific requirements on precisely what trust accounts may be used for, and prohibition on refunding cash client deposits through checks. The new guidelines are reproduced in his posting.

http://rijock.blogspot.com/2019/08/british-columbia-attorneys-rush-to.html

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

HOW MUCH RADIOACTIVE WASTE IS THERE IN THE WORLD?

On 2nd August, the UK Nuclear Decommissioning Blog carried a post that followed a recent meeting of technical experts in radioactive waste and spent fuel management at the International Atomic Energy Association (IAEA).  In 2018, the IAEA produced the first Status and Trends report to provide a global overview of radioactive waste and spent fuel inventories, a summary of individual countries’ approaches to waste management, and a summary of global trends and challenges in radioactive waste and spent fuel management.  The UK is currently inputting into an updated report.  The majority of global waste is of low radioactivity, and the same is true in the UK, where over 90% of all waste is of low radioactivity.

https://nda.blog.gov.uk/2019/08/02/how-much-radioactive-waste-is-there-in-the-world/

The 2018 Status and Trends report is at –

https://www.iaea.org/publications/11173/status-and-trends-in-spent-fuel-and-radioactive-waste-management

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

FATF: SENEGAL AML/CFT MUTUAL EVALUATION REPORT

On 2nd August, FATF published the assessment report on the AML/CFT system in Senegal.  The review was undertaken by the Inter-Governmental Action Group against Money Laundering (GIABA), a specialised institution of ECOWAS and a FATF-Style Regional Body.  The report adopted by the GIABA at its May 2018 Plenary meeting and the findings of the assessment have also been reviewed and endorsed by the FATF.  The onsite visit by GIABA was undertaken in September/October 2017.

http://www.fatf-gafi.org/media/fatf/documents/reports/mer-fsrb/GIABA-Mutual-Evaluation-Senegal-2018.pdf

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This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

HALFWAY ROUND THE WORLD BY PLANE: AFRICA’S NEW MIGRATION ROUTE

Deutsche Welle on 2nd August reported that migrants using traditional routes from Africa to Europe often fail to reach their destinations and smugglers now offer new options, such as taking migrants to faraway countries by air.  In July, Mexico reported that around 1,900 migrants, most of them from crisis-ridden countries like Cameroon and DRC, are now in the country en route for the US.  With problems on the route to the EU, many migrants now want to go to North America, via South or Central America.  Smugglers who previously worked in Sudan and Libya have also moved to Uganda, which appears to be the hub for the new routes and smugglers invest their money in restaurants, hotels and supermarkets in Uganda — apparently unnoticed.

https://www.dw.com/en/halfway-round-the-world-by-plane-africas-new-migration-route/a-49868809

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

UKRAINE: YANUKOVYCH’S ALLY PORTNOV AWARDED US$300,000 IN COMPENSATION OF DAMAGE OVER CANADIAN SANCTIONS

On 2nd August, UNIAN reported that a Ukraine court had made the award to to Andriy Portnov, the ex-deputy head of the presidential administration under Viktor Yanukovych.  Litigation against the Federal Government of Canada is under way in a Canadian court, Portnov has said.
He was designated by Canada in 2014 after the new Ukrainian government accused him and other officials of having embezzled state funds and transferred out of the country.  As recently as December, Canada refused to remove Portnov from sanctions imposed under the Freezing Assets of Corrupt Foreign Officials Act.

https://www.unian.info/politics/10639320-yanukovych-s-ally-portnov-awarded-us-300-000-in-compensation-of-damage-over-canadian-sanctions.html

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y