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Thread: Money laundering $2.1 trillion a year

  1. #31

    Brexit illegal campaign financing

    I´ve earlier posted on the fact that Brexit was orchestratedby the Queen Elizabeth controlled SCL Group to keep the UK the money launderingparadise of the world:
    Quote Originally Posted by Firestarter
    In 2015, Arron Banks’ insurance business Southern Rock was bailed out, just months before Banks began bankrolling the Leave.EU referendum campaign to which he donated £8.4 million.
    Quote Originally Posted by Firestarter
    One of the 2 campaign vehicles that received Banks’ £8.4millions, Better for the Country Ltd, was set up by STM.

    If Southern Rock Insurance had gone bankrupt this could havemade Banks’ UK insurance broker Eldon collapse.
    Regulators made Southern Rock promise not to make any payments to Banks without their prior written consent. After in 2014 PwC concluded that Southern Rock wasn’t a healthy company, Banks had to resign as CEO, with his longstanding associate Alan Kentish (another Southern Rock director).
    Banks’ ties to Kentish and STM go back to at least 2004, when Kentish became a founding director of Southern Rock. Banks invested in STM andbecame its largest shareholder before selling his stake in early 2015. More recently, Kentish, Banks and another STM founder invested in Legal Protection Group, a broker of insurance for lawyers and doctors.

    ICS Risk Solutions, a holding company on the Isle of Man,pumped £77.7 million into Southern Rock to save it from collapse. Banks owned both ICS and Southern Rock; it is not clear where the money came from.

    In September 2018, the High Court ruled that Vote Leave had broken the law by overspending. It did this by illegally paying £625,000 to Darren Grimes for his BeLeave campaign, mostly through the Canada-based AggregateIQ, partner of the notorious SCL Group.
    In July 2018, the Electoral Commission had already ruled that Vote Leave broke electoral law by colluding with Grimes. It appears that the police investigation was stopped from some reason.

    In February 2019 the Leave.EU campaign, fronted by Nigel Farage and Eldon Insurance, and owned by Arron Banks, were fined £60,000 each for breaking direct marketing rules:

    For some reason the police investigation into multiple criminal offences by Arron Banks and the Leave.EU campaign was stopped.

    The Remain campaign was forced to stop its digital advertising on the last day of the June 2016 campaign because it had reached its spending limit but Vote Leave continued, breaking the law after reaching it spending limit 2 days before the vote.

    According to Professor Philip Howard:
    My professional opinion is that it is very likely that the excessive spending by Vote Leave altered the result of the referendum.

    A swing of just 634,751 people would have been enough to secure victory for Remain.

    Given the scale of the online advertising achieved with the excess spending, combined with conservative estimates on voter modelling, I estimate that Vote Leave converted the voting intentions of over 800,000 voters in the final days of the campaign as a result of the overspend.

    In the following video lawyer Jessica Simor explains that the Brexit referendum was unlawful because of the conclusion by the Electoral Commission on breaking the law by Vote Leave. The only reason that the referendum wasn´t declared invalid based on by the Electoral Commission findings of overspending is because it’s only “advisory”.
    The Court of Appeal denied permission to appeal against the Brexit referendum because this could only have been done within 3 months after the expenses had been lodged at the Electoral Commission in December 2016:

    Arron Banks funded Better for the Country with £6 million in donations funnelled through Leave.EU, and an additional £2 million in loans, of which £2.9 million was spent on funding the Brexit campaign of Leave.EU and other pro-Brexit groups.
    Only companies registered in the UK were allowed to make campaign donations. Because the money was channelled through an “impermissible” company called Rock Holdings Limited, which is registered in the Isle of Man tax haven it´s not clear where Arron Banks got the money:

    More recently, Yesterday, 11 justices of the UK's Supreme Court ruled that Queen Elzabeth’s suspension of Parliament on the “advice” of PM Boris Johnson is unlawful and therefore void so that Parliament had not been prorogued.
    Yesterday, several MPs already returned to Parliament:

    For more on the SCL Group (the parent company of Cambridge Analytica) that orchestrated both Brexit and President Trump:
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    The Order of the Garter rules the world: Order of the Garter and the Carolingian dynasty

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  3. #32

    Al-Yamamah oil for arms

    The biggest export deal in British history, the multi-billion pound al-Yamamah deal, involved enormous bribes and kickback of up to 30% from the main seller British Aerospace (now BAE System, which made 43 billion pound in this arms sale).

    Middlemen that were paid included Wafic Said, a business partner of the hon. Member for South Thanet, Jonathan Aitken.
    Wafic Said gave his friend, son of then-PM, Lady of the Garter Margaret Thatcher, Mark Thatcher, a house and other lavish presents which has made him “mysteriously” rich.

    Another part of the deal was concluded in 1988, when Saudi Arabia ordered minesweepers from Vosper Thorneycroft.
    Vosper used as its agent the Saudi Fahd al-Athel, who, like Jonathan Aitken, worked for Prince Mohammed (the current Saudi King?). Vosper made huge payments to al-Athel's company, which were laundered through a front company in Saudi Arabia and were divided: 40% to Prince Mohammed, 20% to al-Athel, and 40% to unnamed others.

    For the fourth part of the al-Yamamah deal, Jonathan Aitken was paid by British arms company Astra for an introduction to his business partner, Fahd al-Athel.

    Thorn EMI has admitted that it paid 26% bribes on the sale of smart fuses for the bombs carried by Saudi Tornados.
    Half of those bribes went to the Saudi princes and the other half went through a small arms dealer, Michael Gay, to offshore bank accounts in the Bank of NT Butterfield in Bermuda to dissapear without a trace.

    Douglas Leese was a major player in the biggest export deal in British history, the multi-billion pound al-Yamamah deal. Douglas Leese used his connections with the offshore NT Butterfield bank in Bermuda to funnel bribes to Saudi Arabia.:

    Steven Hoffenberg was one of the first major business partners of Jeffrey Epstein.
    Hoffenberg said about his connections to Trump “Donald’s crowd was my crowd”.

    In one of those strange coincidences, Hoffenberg said he was introduced to Epstein by Sir Douglas Leese (this confirms that Epstein got wealthy from arms sales):

    Since the 1980s, Wafic Said has been a confidant of Jeffrey Epstein’s and Ghislaine Maxwell’s friend, Peter Mandelson:

    Astra and Thorn EMI were also involved in arming Saddam Hussein’s Iraq:

    BAE ran a £60m "slush fund" for bribes to Saudi officials in return for lucrative contracts.
    The investigation into the al-Yamamah deal by the British Serious Fraud Office (SFO) was abruptly closed for reasons of “national security”. The House of Lords unanimously overrruled a high court decision that the SFO shouldn’t have stopped the inquiry.

    The 1986 Al-Yamamah agreement, was a unique document that wasn´t really a sales contract but a barter deal of Saudi oil for British warplanes.
    Al-Yamamah has been, “the smuggling proxy for Shell and BP tankers to loot millions of oil barrels from Ras Tanura to Rotterdam”.

    According to a BAE whistleblower, the laundered proceeds of oil sales under the Al-Yamamah agreement have been funneled by BAE, Royal Dutch Shell and BP into various international financial systems.
    Proceeds of oil sales were deposited in a secret bank account in London controlled by Prince Bandar and his father Crown Prince Sultan:

    The bribes were shared between the Defence Minister, Prince Sultan and his family, and the sons of King Fand (notably Prince Mohammed).

    How did Britain secure these major arm sales in the first place?
    In July of 1985, US congressional supporters of [S]Israel[/S] Britain blocked the sale of F-15s to Saudi Arabia. Then the Saudis had no other choice, with the permission of the US, to buy the British Panavia Tornado.

    Some academics estimated that the Saudi purchase of Tornados, rather than the F-15s they preferred, cost the American economy $12 to $20 billion.
    When Saudi Arabia bought Tornado aircrafts, they also gave the UK a contract for 2 air bases valued at $4 billion.

    In September 1985, the Saudis and Britain agreed on a major aircraft deal as the first part of the Al-Yamamah deal.
    In July 1988, the Saudis and Britain agreed on an additional deal, which included 48 Tornados, 50-60 HAWK trainers, 80 helicopters and 4 to 6 mine hunters. This deal was worth an estimated $30 to $34 billion:
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    The Order of the Garter rules the world: Order of the Garter and the Carolingian dynasty

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  5. #33
    As a strange follow-up to Watergate, the Church Committee did a (what looks) "real" investigation into the crimes of American intelligence agencies in the 1960s, which led to (almost) uncovering the bribes and kickbacks from the giant American arms companies to government officials all over the world.

    In the 1970s, André Donner, led the commission of three that covered up the millions of kickbacks received by Prince Bernhard from several arms manufacturers, including Lockheed and Northrop, which was labelled the “Lockheed affair”.
    Bernhard´s friend Hans Teengs Gerritsen helped to funnel the millions. Teengs Gerritsen also regularly met supposed "pesona non grata" Willem Oltmans, who get 8 million euro in compensation for (not) being persecuted for decades by the Dutch state...

    See Bernhard with Lockheed executive Robert E. Gross, 1956.

    In 1997, then Queen Beatrix selected Piet Hein Donner (André Donner’s son) for the “Raad van State” for life (comparable to Elizabeth’s Privy Council). According to the Dutch constitution it’s prohibited for any member of the “Raad van State” to become minister, so in July 2002 Beatrix selected him as Minister of Justice.
    After serving as minister for several cabinets led by Beatrix, Piet Hein Donner even served as Vice-President of the “Raad van State” from 1 February 2012 to 1 November 2018.
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    The Order of the Garter rules the world: Order of the Garter and the Carolingian dynasty

  6. #34
    The International Monetary Fund (IMF) and the World Bank declared Congo bankrupt in 1994 and forced it into “liberalisation” in the early 2000s.
    Congo’s economic crisis forced the government to sign the Millennium Initiative,
    Liberalisation has removed control of economic resources from Congo, which through offshore companies made it possible for the elite to loot Congo of its valuable resources, while bribing politicians and funding violence to keep the population under control. Liberalisation has extended Kabila’s tenure and as such was anti-democratic. Kabila provided a favourable environment for foreign investments (and made a bundle in the process).
    Mineral sales contributed heavily to the (second) presidential campaign in 2011 that cost over $1 billion. Most of the funding came from Congo, with 40% coming from international donors. The elections were decried by international observers and Joseph Kabila won from Etienne Tshisekedi.
    The third presidential election cost an estimated $1.4 billion. In May 2014 US Secretary of State John Kerry (of Skull & Bones), promised $30 million for the campaign on the condition that Kabila did not run for a third time.

    While the international community has spoken on the tremendous corruption in the Congo, it has “forgotten” to address the secrecy of international trade, without which this wouldn’t be possible on such a large scale.
    Global Witness’s “Out of Africa” report estimates that Congo suffered $1.36 billion in lost revenue during the last election cycle, which were routed out of Congo through British tax havens, with several companies involved listed on the London Stock Exchange.
    British Member of Parliament Eric Joyce published a list of 59 shell companies operating in Congo in 2011; 47 of them were registered in the British Virgin Islands. The Panama Papers confirm that offshore companies have been widely used in Congo. The most reported profession in the Panama Papers is “politician”…

    Kabila and his aide Augustine Katumba Mwanke (now deceased) were increasingly associated with Israeli businessman Dan Gertler, who is named in more than 200 files in the Panama Papers.
    Gertler bought Congolese mining assets and sold them at profits of thousands percentage points to companies registered in the British Virgin Islands, the Cayman Islands and Bermuda.
    In 2005, Gertler formed Global Enterprises Corporate (GEC), owned through a company registered in the Isle of Man, the chief assets of which were 75% of 2 huge copper mining projects in the province of Katanga (with 25% for Congo’s defunct state company Gécamines). Gertler’s investment of £3 million was valued at more than £1 billion.
    In 2010, Kabila signed a presidential decree granting oil concessions in Lake Albert to Caprikat and Foxwhelp, both associated with Gertler and registered in the British Virgin Islands by Mossack Fonseca.
    Since his arrival in Congo in 1997, Gertler has built an estimated $2.5 billion empire.

    In October 2016, the US Justice Department and SEC fined the hedge fund Och-Ziff Capital Management Company under the US Foreign Corrupt Practices Act on bribery charges. The company’s front man in Congo, Dan Gertler, alongside Kabila and his aide Katumba Mwanke received over $100 million in bribes.
    Barnabe Kikaya Bin Karubi responded:
    For us an attack on [Gertler] is an attack on the Congo … Mr. Gertler’s businesses are legitimate. He pays his taxes, making a good contribution to our government in monetary terms.
    Och-Ziff has pleaded guilty and agreed to a $412 million fine:

    For more on how the Rwandan genocide was orchestrated to take over the Congo (Zaire):
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    The Order of the Garter rules the world: Order of the Garter and the Carolingian dynasty

  7. #35
    Or maybe General Qasem Soleimani was killed as a diversion strategy from the limitless amount of scandals the Trump family is involved in?!?
    The Trump Organization, Ivanka Trump in particular, was in business with the Baku XXI Century of the Azerbaijani Mammadov family since 2008. The Mammadovs were in turn business partners of the Iranian construction company Azarpassillo of Keyumars Darvishi (since about 2008).

    Azarpassillo’s chairman, Keyumars Darvishi, became the head of Raman after he fought in the Iran-Iraq War. Raman is an Iranian construction firm, controlled by the Revolutionary Guard (that was controlled by Soleimani).

    At least 2 of Keyumars’s brothers — Habil and Kamal Keyumars — were (are) also associates of the Revolutionary Guard. Ziya Mammadov conspired with the Revolutionary Guard to make overpriced deals that would enrich them both while using shell companies to launder the money and circumvent sanctions against Iran.

    Trump spokesman Alan Garten admitted that the Trump Organization learned in 2015 about “the possibility” that the Mammadovs had ties to the Revolutionary Guard, but the company didn’t end the Baku deal until December 2016 (after Trump was elected US president):

    Quote Originally Posted by Firestarter View Post
    Azerbaijani partners in crime of US president Donald Trump since 2012, in a project to build a Trump Tower in Baku, also appear in the Laundromat scheme.
    The $35 million project was controlled by Baku XXI Century of Elton and Anar Mammadov, the brother and son of the country's transport minister Ziya Mammadov. They hold seats in parliament and have ties to Azerbaijani President Aliyev.
    The Mammadovs’ Baghlan holding company is linked to Laundromat transactions.

    Ziya also has connections to Iran's Islamic Revolutionary Guard and with Iraq-Iran war veteran Keyumars Davishi, the chairman of a company which Mammadov awarded transportation contracts to in 2008.
    In February 2017, defense and intelligence officials warned the White House against designating Iran's Islamic Revolutionary Guard as a terrorist organisation.

    Anar founded The Azerbaijan American Alliance. Between 2011 and 2015, he spent almost $13 million for lobbying in the US.
    Anar Mammadov lives in London and considers Ivanka Trump a “dear friend” (see them together).

    In October 2014, Ivanka Trump toured Trump Tower Baku that was scheduled to open in 2015. Ivanka wrote that she had “overseen” the project. For some reason the hotel never opened despite being almost completed.
    In December 2016, before he was inaugurated, Trump cut his connection with the project:
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    The Order of the Garter rules the world: Order of the Garter and the Carolingian dynasty

  8. #36

    Gertler, Steinmetz, HSBC

    It looks like the money laundering giant bank HSBC has helped some of the crooks plundering the Congo of its natural resources…
    Diamonds are a great way to launder money and evade taxes.

    Dan Gertler reportedly got his big start trading arms for diamonds in African civil wars during the 1990s in violation of UN embargoes.
    Gertler, who is represented by the notorious London law firm Mischon de Reya, is listed in the HSBC files under an account under the name of the Concordia Marketing Group Inc. The other beneficial owner of the Concordia account was Daniel Steinmetz of the Steinmetz family. The Steinmetzes are maybe the biggest HSBC diamond clients with nearly half a billion dollars at HSBC in 2006/2007.
    The “Swiss resident” Beny Steinmetz and Gertler are of course business partners.

    Omega Diamonds is involved in plundering Angola and the Democratic Republic of the Congo. After David Renous blew the whistle on Omega Diamonds helping Russian-Israeli Arkadi Gaydamak to launder arms money, in 2006 its executives Sylvain Goldberg, Robert Liling, and Ehud Arye Laniado had to flee Belgium.
    Belgium claims Omega owes it €4.6 billion. In 2013, this was settled for (only) $195 million (the largest ever settlement involving a “Belgian company”).
    Goldberg is also in the HSBC files.

    Goldberg and Laniado were also partners in the Angolan diamond monopoly Ascorp, which is controlled by Russian-Israeli billionaire Chabad-Lubavitcher Lev Leviev, the associate of Vladimir Putin, Donald Trump and Ron Lauder. Leviev also had several numbered accounts at HSBC.
    Among Ascorp’s shareholders was the Angolan dictator’s daughter Isabel dos Santos, the richest African woman with nearly $4 billion. Her mother, Tatiana Cergueevna Koukanova Regan, had 2 numbered HSBC accounts with $4.5 million:

    For more on the Rwandan genocide and the plundering of the Congo:
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    The Order of the Garter rules the world: Order of the Garter and the Carolingian dynasty

  9. #37
    On 30 April 2020, Geoffrey Berman announced a deferred prosecution agreement against Israel's largest bank Bank Hapoalim, for helping to hide assets in offshore accounts and helping to bribe FIFA officials (the body that controls international soccer).
    Bank Hapoalim settled the 2 cases for more than $900 million. Berman commented:
    Israel's largest bank, Bank Hapoalim, and its Swiss subsidiary have admitted not only failing to prevent but actively assisting U.S. customers to set up secret accounts, to shelter assets and income, and to evade taxes. The combined payment approaching $1 billion reflects the magnitude of the tax evasion by the Bank's U.S. customers, the size of the fees the Bank collected to provide this illegal service, and the gravity of the illegal conduct.
    In the first case, Bank Hapoalim helped launder millions in bribes and kickbacks paid to officials in FIFA. Between 2010 and 2015, Hapoalim’s Miami branch laundered illicit payments to FIFA officials, including former head of Colombian football and a member of FIFA’s executive committee Luis Bedoya. In 2015, Bedoya was banned from international soccer and was (is?) awaiting sentencing after pleading guilty pleading guilty to racketeering and wire fraud.
    Assistant Attorney General Brian A. Benczkowsk commented:
    For nearly five years, Bank Hapoalim employees used the U.S. financial system to launder tens of millions of dollars in bribe payments to corrupt soccer officials in multiple countries.
    In the second case, Bank Hapoalim pleaded guilty to aiding U.S. customers in setting up accounts under false names to evade taxes on more than $7.6 billion in deposits.
    For this second case alone, Bank Hapoalim agreed to pay $874 million in penalties, tax arrears and forfeited assets:

    For more on the firing of US attorney Geoffrey Berman for investigating Trump’s associates:

    In 2010, Israeli authorities “investigated” a money-laundering case of Bank Hapoalim that involved the Katsyv family. Millions of dollars were transferred through Katsyv-controlled accounts at the bank. According to Israeli prosecutors, Hapoalim bank managers concealed the real beneficiaries of these accounts in violation of anti-money-laundering rules.
    The bank blamed Katsyv’s business for these violations, so the bank managers were found not guilty.

    Prevezon Holdings Ltd was registered in 2005 and is owned by Denis Katsyv and Martash Investment Holdings Ltd from the British Virgin Islands that is also owned by Denis Katsyv.

    On 5 February 2008, Bunicon received $9.4 million from the correspondent account of the Krainiy Sever bank. The next day Bunicon sent $410,000 to Prevezon’s account at the Swiss bank UBS AG.
    On 13 February 2008, Elenast received $800,000 from the same account and then transferred more than half that amount to Prevezon.

    Katsyv is also in business with Russian oligarch Lev Leviev:

    For the inevitable Trump links...
    Rotem Rosen was the "right hand man" of diamond magnate Chabad-Lubavitcher Lev Leviev.
    In December 2007, Zina Sapir, daughter of (the late) Tamir, married Rotem Rosen, in a wedding hosted by Donald Trump at the Mar-a-Lago.
    The Sapir Organization (that was founded by Tamir Sapir) partnered with Bayrock and the Trump Organization in the Trump SoHo project.

    Lev Leviev also bought Israeli media companies together with Donald Trump’s close friend Ronald Lauder.

    And links to Donald’s son-in-law Jared Kushner.
    Quote Originally Posted by Firestarter
    In 2015, Kushner’s company purchased the former New York Times Building in Times Square from an entity called Africa-Israel Investments, headed by Russian oligarch Lev Leviev.
    Leviev was a business partner of the Russian Prevezon Holdings that was accused of money laundering by the DoJ. Prevezon was represented by Natalia Veselnitskaya and got off with a “slap on the wrist” of $6 million.
    Leviev told the New York Times that he was a “true friend” of Vladimir Putin, largely through his work with the Moscow Jewish Museum, the Russian Jewish Congress and his close ties to Russia’s Chief Chabad Rabbi, Berel Lazar.

    The following story is quite good... see some excerpts (including Hapoalim, Leviev, Denis Katsyv and Preet Bharara).
    Trump fired Federal Bureau of Investigation director James Comey primarily because Comey asked for additional resources from Deputy Attorney General Rod Rosenstein to beef up the FBI's "follow-the-money" investigation of the Trump campaign. The FBI's receipt of data from the Department of Treasury's Financial Crimes Enforcement Network (FINCEN) regarding the money laundering involving Trump and Kushner businesses, accounts maintained by the Bank of Cyprus, HSBC, Bank Hapoalim of Israel, and other banks, and the Trump presidential campaign are what lie at the heart of the FBI's investigation of Trump. The FBI is reportedly focused on Trump's associates' financial dealings with banks in Cyprus.

    Bayrock was linked as a partner to another business syndicate, the Sapir Organization, headed by Donald and Ivanka Trump's and Jared Kushner's good friends Rotem Rosen and Israeli citizen Alex Sapir. The Sapir Organization is involved in major hotel projects in New York and around the world, including the Trump Tower in Toronto. Others involved with the Toronto Trump Tower include Uzbek-Israeli diamond tycoon Lev Leviev, accused of trafficking in African "blood diamonds" and Canadian-Russian-Israeli businessman Alexander Shnaider, owner of Talon International Development Inc, and co-owner of Midland Resources Holding Inc. with his partner Ukrainian-Russian billionaire , who is also vice-president of the World Jewish Congress.

    According to the U.S. Attorney for the Southern District of New York, none other than Preet Bharara, who Trump fired, the Trincher criminal syndicate, known as the "Taiwanchik-Trincher Organization, ran a major illegal sports betting operation in the United States. Bharara's indictment specified the "Taiwanchik-Trincher Organization (the "Organization") was a criminal enterprise with strong ties to Russia and Ukraine. The enterprise operated a high-stakes, illegal sports gambling business out of New York City that catered primarily to Russian oligarchs living in Ukraine and Russia." In other words, the same tower that Donald Trump called home was the center of a major illegal sports betting operation. Given Trump's own ties to gambling casinos and professional sports, there is little wonder why Trump viewed Bharara and Comey as threats.

    A Kushner project to redevelop Manhattan's SoHo neighborhood involves the family of Israel's diamond magnate billionaire family. The Kushner deal involves Raz Steinmetz, whose uncle is Beny Steinmetz, the owner Steinmetz Diamond Group and BSG Resources, the latter under an FBI investigation for violations of the U.S. Foreign Corrupt Practices Act for bribes paid to officials of the West African Republic of Guinea for mining concessions in that nation. Steinmetz companies also conduct business through a British Virgin Islands shell company called "Rebar LLC."

    Ras Steinmetz's brother, Daniel Steinmetz, was involved in business with Jared Kushner through Gaia Investments Corporation of Tel Aviv through an affiliate Gaia JC LLC. After Jared Kushner became a chief adviser to Trump, said to be one of only a few in a Trump "inner circle" that also includes daughter Ivanka Trump, communications specialist Hope Hicks, and Trump "body man" Keith Schiller, the Steinmetz-Kushner firm changed its name to "65 Bay LLC."

    In a case that was vigorously pursued by fired U.S. Attorney Bharara in Manhattan, the U.S. Justice Department, now under Attorney General Jeff Sessions and his deputy Rod Rosenstein, has agreed to a settlement with Moscow businessman Denis Katsyv and his hedge fund firm Prevezon Holdings, Ltd. just three days before scheduled jury selection for the trial. Prevezon and its eleven related companies had been charged with money laundering for a criminal network extending from Russia to Moldova and Latvia to New York and Israel. What was at the heart of the money laundering case? You guessed it. the Red Kosher Nostra. Katsyv's partners included his Russian partner Timofey Krit and Israeli businessman Alexander Litvak.
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    The Order of the Garter rules the world: Order of the Garter and the Carolingian dynasty

  10. #38
    $150m fine should cover it, don't you think? Everyone involved gets fired, some bankers go to jail.

    Oh wait....

    New York (CNN Business)New York regulators fined Deutsche Bank $150 million Tuesday and slammed the lender for "mistakes and sloppiness" in its relationship with accused sex-trafficker Jeffrey Epstein.
    The penalties, which also relate to Deutsche Bank (DB)'s ties to scandal-ridden financial institutions Danske Bank Estonia and FBME Bank, are the first enforcement actions by regulators against a bank for dealings with Epstein.
    In a statement, Deutsche Bank acknowledged its "error of onboarding Epstein in 2013 and the weaknesses in our processes, and have learnt from our mistakes and shortcomings." The bank said it immediately contacted law enforcement to offer assistance after Epstein's arrest. It has also invested nearly $1 billion in training, controls and operational processes and has hired more than 1,500 people to its financial crime team.
    DB CEO Sewing was just asked on CNBC if any personnel changes were being made. His reply, "I don't want to comment about any of that." (translation: LOL hell no. Bonuses all around! And we hired more people!)

    The actual end result is a cracking down on "money laundering" detection for everyone else.

    I have a suspicion that they're going to somehow use Epstein and Maxwell as a giant smear campaign against cash usage, since these articles continually highlight how much cash he was withdrawing and using. Don't you want to stop pedophiles like Epstein? Let's ban cash to fix that and ensure all transactions are tracked and red-flagged. Watch.
    Last edited by devil21; 07-07-2020 at 01:47 PM.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  11. #39

    Lightbulb End the FED

    Money laundering is way of life in the Deep State Swamp.

    End the FED

    End the D&R party swamp
    Quote Originally Posted by Swordsmyth View Post
    You only show up to attack Trump when he is wrong
    Make America the Land of the Free & the Home of the Brave again

  12. #40
    In March, it was reported that former Spanish King Juan Carlos had received $100 million dollars (90 million Euros) from Saudi Arabia's late King Abdullah in 2008.
    The money was deposited in an account at Geneva’s Mirabaud bank in the name of the Panamanian Lucum foundation, described as a “donation” from “the king of Saudi Arabia”. According to Juan Carlos’ (former) mistress Corinna zu Sayn-Wittgenstein $65 million of that sum was given to Juan Carlos.

    King Felipe VI of Spain tried to put a stop to the media hysteria, by promising to strip his dear daddy of his annual allowance of over 194,000 Euros ($216,000) and claiming that he would renounce what he would inherit from him. Anything you say Felipe (no need to verify of course)...
    Didn’t Felipe “inherit” the title King of Spain from Juan Carlos?!?

    Swiss prosecutors also found another offshore fund, Fondation Zagatka, tied to Juan Carlos.
    For some reason, the Spanish parliament didn’t investigate this prime example of money laundering by former king Juan Carlos.

    I’m (almost) sure it’s just another “coincidence”, but then the coronavirus “pandemic” was used to lockdown Spain in one of the most brutal ones in the whole wide world…
    According to former Catalan leader Carles Puigdemont, now in exile, the Spanish Royals are using the coronavirus pandemic “as a cover”:

    See Juan Carlos and Corinna Sayn-Wittgenstein at the Laureus Award in Barcelona, 2006.

    Corinna zu Sayn-Wittgenstein in her meeting with retired police officer José Manuel Villarejo said that Juan Carlos used her to hide assets and properties abroad. The king’s Swiss lawyer Dante Canónica created opaque "structures" in the name of third parties, like her.
    Zu Sayn-Wittgenstein also claims Juan Carlos had Swiss bank accounts in the name of his cousin Álvaro Jaime de Orleans-Borbón.

    Zu Sayn-Wittgenstein says she has been pressured by CNI to transfer these assets to the name of others close to Juan Carlos.
    According to Zu Sayn-Wittgenstein in the summer 2012 she was threatened by the director of the CNI, Felix Sanz Roldán, with the death of herself and her children. This happened with the king’s knowledge. Sanz Roldán has denied threatening her.
    Zu Sayn-Wittgenstein in also told in the recording that mercenaries burglarised her homes in London and Monaco to steal documents:

    Don’t believe everything lying lawyers tell...
    In June, Spain’s Supreme Court announced that they will investigate whether former King Juan Carlos I was bribed by Saudi Arabia as part of the construction of the Medina to Mecca bullet train by a Spanish railway company:

    The following didn’t get much attention from our wonderful media...

    In another “coincidence”, in May, just one month before the previous announcement, it was reported that Juan Carlos I was given (another) $1.9 million (€1.7m) in 2010 by the king of Bahrain, Hamad bin Isa al Jalifa.
    Juan Carlos gave a suitcase with the cash to his former fund manager to deposit in a Swiss bank account at Switzerland’s Mirabaud bank on the offshore Lucum foundation in name of Juan Carlos:
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    The Order of the Garter rules the world: Order of the Garter and the Carolingian dynasty

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  14. #41

  15. #42
    In November 2010, Lord David James created quite a stir when he said:
    I have had one of the biggest experiences in the laundering of terrorist money and funny money that anyone has had in the City. I have handled billions of pounds of terrorist money. My biggest client was the IRA and I am pleased to say that I managed to write off more than £1bn of its money. I have also had extensive connections with North African terrorists, but that was of a far nastier nature, and I do not want to talk about that because it is still a security issue. I hasten to add that it is no good getting the police in, because I shall immediately call the Bank of England as my defence witness, given that it put me in to deal with these problems.
    Not worrisome of course that a Lord for life was laundering money for the IRA and North African terrorists, because David James claimed that he is "a money washer, not a money launderer" (maybe somebody could explain to this piece of sh*t that “money washing” is “money laundering”).

    David James was doing this dirty business at the direction of the Bank of England, who brought him into 5 companies between 1989 and 1997/98.
    Lord James ran the 5 IRA companies down and liquidised the assets after they had been identified as conduits for IRA pension funds.

    In the same speech David James also made a bizarre claim about some shadowy group “Foundation X” that offered to solve the UK's economic problems, by giving £5 billion immediately and another £17 billion for schools, hospitals and London's crossrail project.
    For want of a better name, I shall call it Foundation X. That is not its real name, but it will do for the moment. Foundation X was introduced to me 20 weeks ago last week by an eminent City firm, which is FSA controlled. Its chairman came to me and said, 'We have this extraordinary request to assist in a major financial reconstruction. It is megabucks, but we need your help to assist us in understanding whether this business is legitimate'
    I couldn’t find more information on these strange but interesting tales:

    For more on the British Intelligence controlled IRA:
    Do NOT ever read my posts. Google and Yahoo wouldn’t block them without a very good reason: Google-censors-the-world/page3

    The Order of the Garter rules the world: Order of the Garter and the Carolingian dynasty

  16. #43
    This is another interesting tale that involves Donald Trump, Kazakhstan, the Netherlands, Prince Andrew and money laundering...

    Michael Cohen was involved in at least 3 attempts to build Trump properties in the former Soviet Union.

    Cohen was the main force behind the failed attempt to construct a Trump tower in Batumi, Georgia, through his “dear friend” Giorgi Rtskhiladze, the head of the Silk Road Transatlantic Alliance.
    Cohen, among others, met Yerkin Tatishev, a board member of Silk Road Group suspected of illegally funnelling money to another company he owned, and Georgia’s president, Mikhail Saakashvili.

    The Silk Road Group got most of its funds from the Kazakh government-owned BTA Bank, whose assets were directed by Timur Kulibayev, the son-in-law of Kazakhstan’s President Nursultan Nazarbayev:

    When Georgia wasn’t doing too well economically, Kazakh President Nursultan Nazarbayev came to the rescue. In 2005, Georgia’s president Mikhail Saakashvili and Nazarbayev announced that BTA Bank was providing 300 hundred million dollars in loans to develop Georgia.
    In a strange twist, all the loans went to subsidiaries of the Silk Road Group. BTA’s deputy chairman, Yerkin Tatishev, selected one of his employees at the Kusto Group, Talgat Turumbayev, to represent both BTA and him on the boards of 2 of those subsidiaries. Some legal experts conclude that if Tatishev was financially involved in businesses funded by the BTA Bank loans, then he and the Silk Road Group have committed bank fraud (self-dealing).
    Not surprisingly one of Silk Road’s subsidiaries receiving loans, Batumi Riviera Holding, B.V., was registered in the Netherlands.

    In 2009, when Nazarbayev was planning to take control of BTA Bank, its chairman, Mukhtar Ablyazov, fled to London (where else?). Ablyazov took billions of dollars in bank funds out of BTA, by giving dozens of offshore companies under his control loans from B.T.A., which weren’t paid back.
    Starting in 2009, Mukhtar Ablyazov was sued in the UK by the Kazakh government to reclaim ten billion dollars that he had siphoned out of the country. The UK courts ordered him to repay more than four billion dollars to BTA (so that he could keep almost six billion dollars). According to Judge Nigel John Martin Teare, Ablyazov had committed “fraud on an epic scale”.

    In 2010, Trump’s lawyer Michael Cohen began negotiating with the Silk Road Group about a Trump Tower in Batumi, Georgia.
    When Donald came to Georgia for a speech, he pointed to Tatishev and Ramishvili and said: “We have two great partners. And they’re going to do a fantastic job”:

    Timur Kulibayev, the son-in-law of Nursultan Nazarbayev, had an affair with Kazakh socialite Goga Ashkenazi (that produced a bastard child). Goga had previously been married to heir to the L’Ermitage hotel group Stefan Ashkenazy.

    Goga Ashkenazi introduced Timur Kulibayev to her good friend, Prince Andrew (who was rumoured to be another one of her bed partners).
    See Goga with Prince Andrew in 2010.

    The divorced Andrew had been trying in vain for years to sell Sunninghill Park for which he asked £12 million.
    So Timur Kulibayev bought the property for £15 million. Prince Andrew as a personal favour introduced Kulibayev to his mother, Queen Elizabeth.

    Other friends of Goga Ashkenazi include former Soviet dictator Mikhail Gorbachev and Saif Gaddafi, the son of the late Libya’s dictator:

    Goga Ashkenazi was educated in England (where else?) at the Royal-Maxwell linked Stowe school, before she went on to study at the University of Oxford.
    She was also friends with none other than Nat Rothschild and Lord Edward Spencer-Churchill (probably at Oxford).

    After Oxford, Goga worked as an investment banker for Merrill Lynch, Morgan Stanley in London and the Dutch ABN AMRO (once again!) in Hong Kong:
    Do NOT ever read my posts. Google and Yahoo wouldn’t block them without a very good reason: Google-censors-the-world/page3

    The Order of the Garter rules the world: Order of the Garter and the Carolingian dynasty

  17. #44
    Whatever ya do, don't blame the banks for money laundering. They just worked within the system they were the money launderers. All of the "financial crime monitoring" watchdogs are headed by launderers themselves. This method of appointing conspirators to head up departments and/or creating the watchdog groups themselves is how nothing is ever enforced, except for the occasional scapegoat trotted out for public consumption or the little people who try to use the same methods. We see it in everything from money laundering to kid trafficking to arms sales.


    (and the solution will be tighter clamps on everyone else, coming in the form of digital currencies and the tracking of all transactions.....AFTER all the "official" money laundering has been successfully completed, of course)
    Last edited by devil21; 09-23-2020 at 01:18 AM.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  18. #45
    Quote Originally Posted by devil21 View Post
    Whatever ya do, don't blame the banks for money laundering. They just worked within the system they were given......
    And certainly don't blame the politicians, who love some of that "dirty cash"!!!

    On 16 September I posted.
    Quote Originally Posted by Firestarter
    In 2009, when Nazarbayev was planning to take control of BTA Bank, its chairman, Mukhtar Ablyazov, fled to London (where else?). Ablyazov took billions of dollars in bank funds out of BTA, by giving dozens of offshore companies under his control loans from B.T.A., which weren’t paid back.
    Then suddenly on 20 September, the ICIJ found it convenient to report on some (already known) money laundering cases. For some reason Mukthar Ablyazov is mentioned, but they “forgot” to detail the case...

    It is a report on Suspicious Activity Reports (SARs) reported by banks to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCen), between 1999 and 2017. The suspicious transactions total more than $2.7 trillion.
    They show banks transferring cash for clients that have already been publicly exposed as financial frauds and for shell companies controlled by people they can’t identify. Some banks take hundreds of days (on average) to report “suspicious” transactions to the authorities.

    The SARs in the FinCEN Files were mostly filed by: Deutsche Bank (982), Bank of New York Mellon (325), Standard Chartered Bank (232), JP Morgan Chase (107), Barclays (104) and HSBC Bank (73). Together they filed more than 85% of all SARs in the leak.
    Deutsche Bank reported more than half of the $2 trillion of suspicious transactions.

    The most interesting bank in this story is, NOT Deutsche Bank but, JPMorgan Chase (the largest bank in the United States).
    JPMorgan was involved in money laundering for the previously mentioned Mukthar Ablyazov - former chairman of Kazakhstan’s BTA Bank (previously named Bank TuranAlem).

    JPMorgan also helped Paul Manafort transfer more than $50 million in over a decade. How much of that was funnelled through to Podesta?!?
    JPMorgan even made $6.9 million in transactions for Manafort in the 14 months after he resigned from the Trump campaign in a swirl of money-laundering and corruption allegations.
    NoviRex secretly paid $4,190,111 to Manafort’s lobbying operation on behalf of Yanukovych’s Party of the Regions (for which Podesta was subcontracted).

    JPMorgan laundered money for people massively looting in Malaysia, Venezuela and Ukraine (where else?).
    JPMorgan also moved more than $1 billion for the fugitive financier behind Malaysia's 1MDB scandal.
    JPMorgan transferred more than $2 million for a company that has allegedly cheated Venezuela's Government.

    Banks are legally prohibited from discussing filed SARs (but we really don’t need to know all that is going on or we might lose sleep), so JPMorgan declined to comment.
    Likewise the Treasury Department and its subsidiary FinCEN refused to answer questions:

    I found the following story more interesting than the previous that didn’t really disclose anything “new” (I couldn’t find this by searching the internet for a link to Bayrock, Arif or Sater, to Mukthar Ablyazov).

    More than $30 million of the looted billions from Mukhtar Ablyazov was invested in the US with the help of none other than Tevfik Arif’s and Trump’s gopher, Chabad-Lubavitcher Felix Sater.

    Eesh Aggarwal had worked for Ablyazov’s son-in-law, Ilyas Khrapunov, to use a network of a dozen or more offshore companies to launder hundreds of millions of dollars through accounts in the Tanzania-based bank FBME.
    Ilyas Khrapunov — under the codename “Elvis” — was the ultimate beneficiary of the offshore network that handled close to $440 million through accounts at the FBME bank.

    Bayrock's and Sater's links to the Khrapunovs date back to 2007, when Trump SoHo was under development. They set up a Dutch joint venture with Arif’s Bayrock called KazBay. Bayrock and the Khrapunovs also partnered on a project in Switzerland in 2008.
    Sater was also directly involved with 2 members of Ilyas Khrapunov's family.
    From 2012 to 2014, Ilyas Khrapunov and Elvira were helped by Sater and another ex-Trump Organization employee, Daniel Ridloff, to transfer millions of dollars to the US. Part of this cash was used to buy 3 Trump SoHo apartments:

    For more on Trump, Bayrock and (paedophile) Tevfik Arif:
    Do NOT ever read my posts. Google and Yahoo wouldn’t block them without a very good reason: Google-censors-the-world/page3

    The Order of the Garter rules the world: Order of the Garter and the Carolingian dynasty

  19. #46
    Because of helping the Dutch State to destroy the DSB Bank, together with none other than Gerrit Zalm, which made many people lose part of their savings deposited at that bank, I didn't have high expectations of Pieter Lakeman – Frisse zaken (1987).
    But I was pleasantly surprised that the book explained some corruption scandals in the Kingdom of the Netherlands that prove how the corrupt elite can use their influence over the government to become filthy rich.

    The most interesting scandals involved the longest-serving prime minister in the Netherlands (from November 1982 to August 1994) – Ruud Lubbers.

    In 1994, Frits Hirschland accused Ruud’s brother Rob Lubbers, and Antillean politicians Maria Liberia and Rufus McWilliam of laundering drug money on the Dutch Antilles.

    This money laundering also involved Slavenburg Bank, which was shut down over another money laundering scandal.
    The prosecution of the directors of the Slavenburg Bank was shut down by Minister Korthals Altes, who before he became minister under PM Lubbers until 1982, had represented the Slavenburg Bank as attorney:

    See more recently, Ruud Lubbers (on the left) with Israel’s favourite Dutch politician Geert Wilders.
    Do NOT ever read my posts. Google and Yahoo wouldn’t block them without a very good reason: Google-censors-the-world/page3

    The Order of the Garter rules the world: Order of the Garter and the Carolingian dynasty

  20. #47
    The money laundering case against Dutch bank ABN Amro has been settled for 480 million euros ($574 million) - a fine of 300 million euros and 180 million euros as disgorgement.
    The Dutch prosecution service (Openbaar Ministerie) claimed that "its investigation" into the criminal activities of 3 former board members was ongoing (yeah sure!).
    The ABN Amro promised that by the end 2022 they have made changes to prevent money laundering (no need to check of course).

    Danske Bank's Dutch CEO Chris Vogelzang, who previously served on ABN Amro's board, also resigned after being investigated in another money laundering probe by the Dutch authorities.

    Even though the OM had already admitted that the responsible directors of the Dutch ING bank wouldn't be prosecuted after a similar settlement, a Dutch court in December 2020 released a statement stated that a criminal investigation into the role of former CEO Ralph Hamers would be started (yeah right!):
    Do NOT ever read my posts. Google and Yahoo wouldn’t block them without a very good reason: Google-censors-the-world/page3

    The Order of the Garter rules the world: Order of the Garter and the Carolingian dynasty

  21. #48

    Thanks for the wealth of information there firestarter. While most of the cases of 'laundered' money you cite appear to be from things libertarians would consider crimes, profits from voluntary transactions such as buying and selling between legitimate owners is another thing entirely
    Last edited by merkelstan; 04-21-2021 at 07:09 PM.

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