OFFSHORES, SEAFOOD COMPANIES, AND REAL ESTATE: UNPACKING THE BARRERA PALACIOS MONEY LAUNDERING NETWORK IN PERU

On 10 December, an article from Sayari is concerned with an alleged money laundering scheme carried out by a family network based in Peru which underscores how the Peruvian fishing industry has become a viable channel to clean illicit proceeds from a variety of predicate crimes.  It is said that the network — composed of several immediate family members and 2 of their financial fixers — used shell companies based in the BVI, along with real estate and seafood companies in Peru to launder millions derived from drug trafficking and tax evasion, according to Peruvian prosecutors.  They also invested the ill-obtained funds in luxury real estate and vehicles in Peru.

https://sayari.com/blog/offshores-seafood-companies-and-real-estate-unpacking-the-barrera-palacios-money-laundering-network-in-peru/

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s