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.
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.
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.
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.
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.
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.
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.
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’.
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