SWITZERLAND FREEZES ANGOLAN TYCOON’S $900 MILLION FORTUNE

On 28 August, ICIJ reported that Carlos Manuel de São Vicente, the former CEO of a company with a lucrative government monopoly to insure Angola’s oil sector, has had his bank accounts frozen on suspicions of money laundering. It says that Swiss criminal proceedings are highly secretive and details of the investigation and order have only now been made public.

https://www.icij.org/investigations/luanda-leaks/switzerland-freezes-angolan-tycoons-900-million-fortune/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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