OTHER THINGS YOU MAY HAVE MISSED – SEPTEMBER 3

In Panama – the population of an indigenous area, Gardí Subdug (“Crab Island”) in Guna Yala, Panama, will be the first human displacement in Latin America caused by climate change (and overcrowding). It is said that the relocation process initiated by the Gardi Sugdub community could serve as a model for climate displacement in Guna Yala and elsewhere, if successfully organised and implemented.

https://www.laestrella.com.pa/cafe-estrella/cultura/220903/cambio-climatico-rugir-mar-desplaza

in Panama (2) – Panamanian authorities seized more than 86 tons of drugs between January and August, a figure that indicates that this year the record figure of 128.7 tons of narcotics seized in 2021 will likely be exceeded.

mwanwhile, it is reported that the Government has not decided whether there will be carnivals in Panama in 2023, which should be held between 17 and 21 February. They have been suspended for the last 2 years due to Covid.

3 SEPTEMBER 2022

ANALYSIS REVEALS SCALE OF PRIVATE JET FLEET IN THE US

On 25 August, Blue Sky reported that analysis of industry data by Airbus Corporate Jets (ACJ) reveals there are 14,632 private jets in the US, around 62.5% of the world’s fleet.  Texas has the most with 1,651, followed by Florida (1,619), California (1,431), New York (487) and Georgia (439). 

https://www.blueskynews.aero/issue-666/ACJ-analysis-reveals-scale-of-private-jet-fleet-in-the-US.html

THE LAW OF BRIBERY IN SCOTLAND

On 2 September, law firm Morton Fraser commented on a recent case that has clarified certain aspects of the law of bribery in Scotland.  Surprisingly perhaps, a question for the court was “What is a bribe”?  The commercial judge then went on to look at the law on bribery in more depth in England and considered the extent to which English and Scots law were aligned on the issue.  The article says that the judgment sets out an important principle in relation to bribery as a cause of action in Scotland and contains helpful guidance for practitioners on evidential matters and particularly the quality of evidence required and standard of proof.

https://www.morton-fraser.com/insights/law-bribery-scotland-oil-states-industries-uk-limited-v-s-limited-and-others

HMRC TO ISSUE VAT ASSESSMENTS TO OVERSEAS BUSINESSES TRADING ON ONLINE MARKETPLACES

On 2 September, VAT Live reported that, from September 2022, HMRC will change the way it carries out historic UK VAT assessments for overseas online marketplace traders.  Instead of the current process, whereby information requests are sent out by businesses, HMRC will send VAT assessments where information indicates that the UK VAT returns up to 31 December 2020 are inaccurate. 

https://www.avalara.com/blog/en/europe/2022/09/hmrc-to-issue-vat-assessments-to-overseas-businesses-trading-on-online-marketplaces.html

COMPANY WHERE AFGHAN PRESIDENT’S BROTHER HELD SECRET STAKE RECEIVED VALUABLE MINERAL SHIPMENTS

On 2 September, OCCRP carried a report saying that documents published by the Afghanistan’s Ministry of Mines and Petroleum show the company started collecting chromite while President Ghani was in office — and raise fresh questions about the former President’s knowledge of his brother’s involvement in the deal to buy illegally mined artisanal chromite across Afghanistan.

https://www.occrp.org/en/investigations/company-where-afghan-presidents-brother-held-secret-stake-received-valuable-mineral-shipments-documents-show

NEW LICENCE REQUIREMENT MAY FORCE NVIDIA TO ‘TRANSITION’ OPERATIONS OUT OF CHINA

On 1 September, World ECR reported on an SEC filing by software corporation NVIDIA which warned that its sales will be impacted by new licensing requirements imposed by the US Department of Commerce.

https://www.worldecr.com/news/new-licence-requirement-may-force-nvidia-to-transition-operations-out-of-china/

BELGIAN AUTHORITIES HAVE SEIZED OVER 57 MILLION CIGARETTES AND 48 TONNES OF CUT TOBACCO WORTH MORE THAN €32 MILLION IN TAXES

On 2 September, TJI reported that a day of action was organised by Belgian Customs, with the support of Europol, involved warehouse searches and house searches and private residencies in Belgium.  The searches uncovered clandestine production sites and warehouses with storage capacities for large quantities of tobacco products. Some sites also provided sleeping quarters for workers.  During the raids, authorities seized various vehicles and arrested several persons of Lithuanian, Polish, Ukrainian and Jordanian nationality.

https://www.tobaccojournal.com/news/over-57-million-cigarettes-seized/

ABOUT A DOZEN PRE-WAR SHIPS STILL STUCK IN UKRAINE

On 2 September, Lloyds List reported that the trapped ships include a couple of passenger/ro-ro ships, 2 capesize and a bunkering tanker.   

https://lloydslist.maritimeintelligence.informa.com/LL1142116/About-a-dozen-pre-war-ships-still-stuck-in-Ukraine

TURKISH FRAUDSTER’S ROUTE TO HONORARY GREEK CITIZENSHIP

On 3 September, Eurasia Review reported on Turkish national Yasam Ayavefe, who was granted honorary citizenship in June.  It is reported that he is a businessman who already holds 3 citizenships, who was convicted by a Turkish court in 2017 of defrauding online gamblers, and who was arrested in Greece in 2019 trying to cross the border into Bulgaria on a false passport.  In 2017, an Istanbul court sentenced Ayavefe to 3 years and 4 months in prison after he was convicted of scamming online gamblers over a period between 2008 and 2009.  In 2018, the Istanbul General Prosecutor’s Office issued a warrant for his arrest in order to serve his term, but he was, by then, in Greece.

https://www.eurasiareview.com/03092022-passport-privilege-turkish-fraudsters-route-to-honorary-greek-citizenship-analysis/

COULD MARITIME-BORDER SETTLEMENT IMPLY LEBANON’S INDIRECT RECOGNITION OF ISRAEL?

On 3 September, Eurasia Review reported on progress in indirect negotiations between Lebanon and Israel to find a solution to their maritime boundary dispute.  However, any progress raises a host of questions that Hezbollah, the Iran-backed militia which holds sway over the Lebanese government, will find deeply embarrassing.  Technically at war since 1948 and with no diplomatic relations, Lebanon and Israel are at odds over an area of 860 square km of the Mediterranean Sea believed to contain rich deposits of natural gas.

https://www.eurasiareview.com/03092022-could-maritime-border-settlement-imply-lebanons-indirect-recognition-of-israel/

PRICE DIFFERENCES KEEP PERU’S COCA FLOWING ILLEGALLY INTO BOLIVIA

On 2 September, Insight Crime reported that cheap coca leaves and cocaine paste from Peru are flooding into neighbouring Bolivia due to a longstanding price imbalance between the 2 countries.  As Peru’s cultivation rises alongside Bolivian cocaine production, this relationship seems cemented in place.  

https://insightcrime.org/news/price-differences-keep-perus-coca-flowing-illegally-bolivia/

IRELAND: MONEYLENDING – AMENDING ACT WILL RESTRICT INTEREST AND TERM OF LOAN AGREEMENTS AND MODERNISE THE SECTOR

On 1 September, McCann Fitzgerald reported that the Consumer Credit (Amendment) Act 2022 will set a ceiling on interest rates charged by “high cost credit providers” (moneylenders), limit the maximum term of a loan agreement and modernise the industry more generally.

https://www.mccannfitzgerald.com/knowledge/financial-services-regulation/moneylending-amending-act-will-restrict-interest-and-term-of-loan-agreements

VENEZUELA GOVERNMENT AGAIN ACCUSES EX-OIL CZAR OF WRONGDOING

On 2 September, The Independent reported that the Venezuelan government is again accusing its former oil czar of wrongdoing while he oversaw the country’s most important industry.  Rafael Ramírez oversaw the country’s oil industry for a decade as oil minister and president of its state-owned oil company PDVSA.

https://www.independent.co.uk/news/ap-venezuela-pdvsa-saab-tareck-el-aissami-b2158027.html

ISLAMIC STATE SUSPECTS ARRESTED DURING SWISS POLICE RAIDS

On 1 September, Swissinfo reported that 2 suspected members of Islamic State have been arrested in Switzerland as part of a series of coordinated police raids.  A Swiss-Macedonian dual citizen and a Kosovar citizen were arrested on suspicion of supporting banned terrorist organisations.

https://www.swissinfo.ch/eng/islamic-state-suspects-arrested-during-swiss-police-raids/47868836

TORY DONOR PLEADS NOT GUILTY TO US BRIBERY CHARGES

On 2 September, the BBC reported that Julio Martin Herrera Velutini is accused of promising to help a former governor of Puerto Rico to get re-elected if she dismissed an official investigating a bank he owned there.  has donated more than £500,000 to the Conservative Party through his London-based firm Britannia Financial Group Limited since 2019.

https://www.bbc.com/news/uk-politics-62754148

PAKISTAN: IMF ACKNOWLEDGES PROGRESS ON AML/CFT

The Business Recorder reported that the IMF has noted progress on AML/CFT and encouraged Pakistan to ensure sustainability and effectiveness of the regime to mitigate significant risks, including tax evasion, corruption and other financial crimes.   The IMF noted that the Pakistani authorities have demonstrated a high level of commitment to working closely with FATF and the FATF-style regional body, the Asia Pacific Group (APG), on money laundering.  Pakistan has successfully completed all action items in its 2018 Action Plan, including the last item on terrorist financing investigations and prosecutions of senior leaders of UN-designated terrorist groups, paving the way for the country’s exit from the FATF list of jurisdictions with serious deficiencies.

https://www.brecorder.com/news/40195458/imf-acknowledges-progress-on-amlcft-regime

LARGER AIRCRAFT MADE A SUCCESS OF THE GUERNSEY AIRCRAFT REGISTER

On 2 September, the Guernsey Press reported that, in the nearly 9 years since the establishment of 2-Reg 831 aircraft had been registered in total.  It is said that 2-Reg has restricted applications for smaller planes to Guernsey residents, while pursuing fast turnarounds in processing worldwide applications for the largest passenger-carrying jets. But this is now going to be reassessed, under direction from Economic Development.  In a typical island v island note, the article also reported that the registry was planned to be a joint effort with Jersey originally until it withdrew at the last minute in favour of a government-run operation – and currently shows 1 Cessna light aircraft with a current registration.

https://guernseypress.com/news/2022/09/02/larger-aircraft-made-a-success-of-2-reg-/

THE FATF VIEW OF REAL ESTATE

On 30 August, AML RightSource published an article commented on a recent FATF publication update prompted by increasing risks of money laundering and terrorist financing using real estate transactions.  The article briefly discusses the contents of that guidance – the Risk-based Approach Guidance for the Real Estate Sector

https://www.amlrightsource.com/news/fatfs-view-of-the-risks-of-real-estate

Any modest contributions for my time and ongoing expenses are welcomed!  At Buy me a Coffee one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

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 )

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

%d bloggers like this: