OTHER THINGS YOU MAY HAVE MISSED – AUGUST 18

18th August 2019

FOUNDER OF LARGE DRUGS RING RETURNED TO ISRAEL FOR PROSECUTION AFTER ESCAPING POLICE IN UKRAINE, BEING RECAPTURED AND EXTRADITED

Arutz Sheva reported on 18th August that Amos Dov Silver, a dual US-Israel citizen, had landed in Israel after a Ukrainian court approved his extradition to Israel for prosecution of drug offences, money laundering and other offences.  His Telegrass organisation allegedly utilised the encrypted messaging app Telegram to sell drugs such as marijuana, ecstasy and cocaine, and had a vast network across the US, Ukraine and Germany.  It had over 100,000 members, including thousands of drug dealers, and reportedly earned about $16,951 a month.

http://www.israelnationalnews.com/News/News.aspx/267547

https://www.rferl.org/a/ukraine-catches-suspected-israeli-online-drug-dealer-arrests-3-sbu-officers-in-process/30115438.html

LAWMAKER SAYS IRAN CAR MANUFACTURERS MIRED IN CORRUPTION

Radio Farda on 18th August reported that Iran’s car manufacturing industry is suffering from “widespread financial corruption”, according to a member of Majles (parliament). He said that $250 million was spent for designing a new trunk for the French Peugeot 206 model, while with the same amount of money they could have run a new production line.  Iranian car manufacturers are mostly directly or indirectly government-owned.

https://en.radiofarda.com/a/lawmaker-says-iran-car-manufacturers-mired-in-corruption/30115014.html

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FORMER CALIFORNIA MAYOR INDICTED IN BRIBERY SCHEME

On 18th August, the Macon telegraph reported that a grand jury has indicted the former mayor of Palm Springs in a public corruption case that alleges he took $375,000 in bribes from real estate developers.  Stephen Philip Pougnet could be barred for life from holding public office if he is convicted.

https://www.macon.com/news/politics-government/national-politics/article234129847.html

AUSTRALIA: AUSTRAC FLAGS TOUGH ACTION AFTER BEING ‘FLOODED’ WITH MONEY LAUNDERING BREACHES

On 18th August, the Sydney Morning Herald reported that Austrac warns it is likely to take more action against Australia’s top financial institutions after being “flooded” with reports of potential breaches following its landmark case against the Commonwealth Bank.

https://www.smh.com.au/business/banking-and-finance/austrac-flags-tough-action-after-being-flooded-with-money-laundering-breaches-20190816-p52hsi.html

THAILAND: BUSINESSMAN ARRESTED OVER ALLEGED GOLD TRADE FRAUD

On 18th August, The Nation reported that Thai businessman Chanut “Dr Ae” Srisang was arrested in Bangkok for his alleged role in a private company’s alleged scam luring people to invest in gold trading that inflicted losses estimated at around $2.6 million.

https://www.nationthailand.com/news/30374934

 

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

ANALYSIS OF THE FATF VIRTUAL ASSET GUIDANCE

On 28th June, Elliptic published its analysis of new guidance that updates the 2015 FATF guidance, providing clarity on the role of transaction monitoring solutions for AML/CFT risk management for virtual assets and virtual asset service providers.  The analysis contains key takeaways on –

  • the importance of transaction monitoring solutions;
  • the importance of conducting a firm-wide risk assessment;
  • the global requirement to implement FATF Recommendation 16 (the “Travel Rule”);
  • the application of the FATF standards to a wide range of product and service providers;
  • the importance of address blacklisting and typologies development; and
  • the need for banks to develop a risk-based approach to virtual assets.

https://www.elliptic.co/our-thinking/fatf-virtual-asset-guidance

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HOW THE HOME OFFICE MAKES MILLIONS A WEEK FROM OUTSOURCING VISAS TO DUBAI-BASED COMPANY ACCUSED OF EXPLOITATION

On 18th August, the Independent carried an article saying that the Home Office has increased its profit on UK visas by millions of pounds a week since outsourcing visa operations to a Dubai-based company, VFS, that has been deluged with complaints and accused of exploiting vulnerable applicants for profit.  VFS, which has its headquarters in the UAE but is owned through holding companies in Jersey, the Cayman Islands and Luxembourg, faces claims of “gross maladministration” and “aggressive” selling of optional services since taking the UK government contract in 2014.

https://www-independent-co-uk.cdn.ampproject.org/c/s/www.independent.co.uk/news/uk/home-news/home-office-vfs-visas-profit-subcontracted-contract-outsourcing-premium-services-exploited-a9056446.html?amp

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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

GIBRALTAR REFUSES US MUTUAL ASSISTANCE REQUEST OVER GRACE 1 TANKER

A statement from the Gibraltar Government on 18th August explained that Gibraltar had received a request to providing further information in support of its application for the restraint of the departure from Gibraltar of the Grace 1 and its cargo of oil, in anticipation of forfeiture proceedings to be commenced in the US.  Gibraltar’s Central Authority stated that decision to refuse the request was made due to the differences between EU and UK law, and US law.

https://www.gibraltar.gov.gi/press-releases/further-mutual-legal-assistance-requests-from-the-united-states-of-america-6042019-5198

https://www.rferl.org/a/iranian-tanker-gibraltar/30115786.html 

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

ISRAELI ILLEGAL ARMS TRADE IN SOUTH SUDAN WAS DISGUISED AS “AGRICULTURE”

The Real News Network reported on 18th August claims that the agricultural company Green Horizons was a front for former Israeli General Israel Ziv’s security company CST who were supplying arms to South Sudan, violating a UN Security Council arms embargo.  In the article, General Ziv has responded to the accusations of his illicit arms deals.

https://therealnews.com/stories/israeli-illegal-arms-trade-in-south-sudan-was-disguised-as-agriculture

https://www.youtube.com/watch?v=Z-mvwW0IrxI

See the OCCRP aricle on 17th July –

https://www.occrp.org/en/investigations/sprouting-weapons-of-war

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

 

ICO UPDATES GUIDANCE ON TIMESCALES FOR DEALING WITH SUSPICIOUS ACTIVITY REPORTS

Following a ruling by the Court of Justice of the European Union, the UK Information Commissioners Office has updated guidance on timescales for responding to a subject access request (SAR).  The timescale has now changed to reflect the day of receipt as ‘day one’, as opposed to the day after receipt.  For example, a SAR received on 3rd September should be responded to by 3rd October.  It has updated the Individual Rights pages to reflect this ruling.

https://ico.org.uk/for-organisations/guide-to-data-protection/guide-to-the-general-data-protection-regulation-gdpr/individual-rights/right-of-access

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

GRACE 1 – 2 ST KITTS & NEVIS CORPORATIONS WERE EMPLOYED TO LAUNDER $4 MILLION

Kenneth Rijock pointed out in his blog on 17th August that the complaint filed in the US federal court alleges that 2 St Kitts & Nevis corporations were employed to launder $4 million in December 2018.

http://rijock.blogspot.com/2019/08/iran-used-two-st-kitts-corporations-to.html

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