OTHER THINGS YOU MAY HAVE MISSED – JULY 18

Panama Covid-19 update – today saw a rise of 26 in ICU patients, although the number of those in other wards fell – now 610, down from 628. Another 721 new cases today, with 6 new fatalities

18 JULY 2021

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

CHINESE CUSTOMS SEIZES OZONE-DEPLETING R22 EXPORT SHIPMENT

On 18 July, Cooling Post reported that Customs officers are reported to have intercepted an illegal export of 20 cylinders of ozone-depleting R22 misdescribed as “toys” for export.

https://www.coolingpost.com/world-news/chinese-customs-seizes-r22-export-shipment/

ONTARIO AUTHORITIES LAUNCH MONEY LAUNDERING TASK FORCE AS CASINOS REOPEN

On 17 July, Casino.org reported that a task force established by the Alcohol and Gaming Commission of Ontario (AGCO) will monitor cash transactions that take place at casinos in the province.  The move comes a year after Canadian financial authorities noted significant and nearly identical drop-offs in both casino disbursement and large cash transaction reports.  In April, Global News revealed that the number of suspicious cash transactions at Ontario casinos has soared in recent years. Ontario regulations allow casinos to reopen at 50% capacity in the latest stage of the Covid recovery process.

https://www.casino.org/news/ontario-authorities-launch-money-laundering-task-force-as-casinos-reopen/

WHEN SANCTIONS VIOLATE HUMAN RIGHTS

On 11 June, an article from the Atlantic Council is concerned with a methodology used to determine whether, and how, sanctions from particular countries violate human rights – looking only at financial sanctions, not travel bans or export controls.  The analysis shows that sanctions imposed by Russia, Pakistan, and Turkey have the most human rights impact.  It says that all 3 are heavily engaged in sanctioning those not involved in terrorism or criminal activity and none provide information about listing rationale or procedures.

https://www.atlanticcouncil.org/wp-content/uploads/2021/06/GeoEcon-Sanctions-report-v4.pdf

MALAYSIA: POLICE DESTROY 1,069 BITCOIN MINERS WITH STEAMROLLER

On 16 July, Vice reported that authorities in the city of Miri in Sarawak, Malaysia seized 1,069 rigs from miners alleged to have stolen electricity for their operations.  6 individuals were arrested for electricity theft in the operation.  The mining rigs were demolished in the parking lot of the Miri district police headquarters.

https://www.vice.com/en/article/7kv739/police-destroy-1069-bitcoin-miners-with-big-ass-steamroller-in-malaysia

DON LUCHO: ONE OF COLOMBIA’S FOREMOST DRUG TRAFFICKERS AND MONEY LAUNDERERS HAS BEEN ASSASSINATED

On 16 July, Insight Crime reported that Luis Agustín Caicedo Velandia, aka “Don Lucho,” was shot by gunmen in a district in the north of Bogotá.  His relatively low profile saw him considered as one of Colombia’s “invisible” drug kingpins.

https://insightcrime.org/news/invisible-drug-kingpin-don-lucho-assassinated-colombia/

AT LEAST 3 REASONS WHY IRELAND IS RIGHT TO RESIST 15% GLOBAL CORPORATE TAX PUSH

On 18 July, the Irish Examiner carried an article saying that there are at least 3 reasons why Ireland’s current resistance to international rules establishing a minimum 15% tax rate for multinationals is warranted.

https://www.irishexaminer.com/business/economy/arid-40339874.html

ISRAELI COURT HANDS DOWN HEAVY SENTENCE TO CORRUPT OFFICIAL

On 16 July, OCCRP reported that an Israeli court has sentenced Faina Kirschenbaum, the country’s former deputy minister and senior member of a major right-wing party, to 10 years in prison for bribery, fraud, money laundering, breach of trust, and tax evasion.  She will also have to fork over a fine equivalent to $274,000.  Kirschenbaum has been found guilty of orchestrating a massive kickback scheme.

https://www.occrp.org/en/daily/14852-israeli-court-hands-down-historically-heavy-sentence-to-corrupt-official

IN STING OPERATION, US ARRESTS MAJOR MONEY LAUNDERERS

On 16 July, OCCRP reported that 3 men accused of laundering millions of dollars on behalf of transnational organised crime and drug traffickers have been arrested and charged in the US, the DoJ has revealed. 

https://www.occrp.org/en/daily/14854-in-sting-operation-us-arrests-major-money-launderers

BVI: AMENDMENT OF BENEFICIAL OWNERSHIP BOSS ACT

An amendment of the Beneficial Ownership Secure Search System Act 2017 (aka the BOSS Act) includes changes introducing new definitions of immediate parent and ultimate parent; the International Tax Authority (ITA) can access the economic substance information on the registered agent database and that an entity shall provide the registered agent any economic substance information required to be maintained on the database.

https://media-exp3.licdn.com/dms/document/C561FAQE9kCoRBM3Q0g/feedshare-document-pdf-analyzed/0/1626605290073?e=1626728400&v=beta&t=30SDQdGd033IW6FIOHOQ49_KqPSF5a9TyLXKw69qHXc

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where contributions start as low as $3, 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

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