Category Archives: Money Laundering

Information about money laundering.

New US Treasury Secretary asked for tax haven problem decision

Posted on January 24, 2017 by Mike

The new nominee of Trump administration for Treasury Secretary, Steve Mnuchin, was asked by Senate about his intention to close down Caribbean tax havens. Members of the US Senate requested details of how it is expected to close the tax … Continue reading →

Posted in BVI Companies, Money Laundering, Offshore investment schemes, Offshore tax havens, Tax avoidance, Tax Shelters | Leave a comment

Group arrests in Barcelona for alleged money laundering through Cyprus and BVI

Posted on July 19, 2016 by Mike

During the course of an operation against foreign criminal organizations involved in money laundering, eleven people were arrested by the police of Spain in Barcelona. These people, mostly Russians and Ukrainians, allegedly channeled money from the British Virgin Islands and … Continue reading →

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Money laundering case through BVI company revealed by former US officials

Posted on June 15, 2016 by Mike

Former special investigator at the Export-Import Bank of the US, Brian McCormick, and former official at the NY department of justice working with cases involving illegal assets, Sharon Levin, told about the illegal activities involving former Taiwan President Chen Shui-bian. … Continue reading →

Posted in Bribery through BVI companies, Money Laundering | Leave a comment

Lawyer pleaded guilty to his client’s money laundering

Posted on July 19, 2014 by Mike

James Warner, a 65-year-old lawyer from San Diego, specializing in criminal defense, has acknowledged laundering US$100,000 in drug proceeds from a marijuana dispensary owner. This was the money that federal agents missed when searching his client’s home 2 years ago. … Continue reading →

Posted in Money Laundering, Unethical business practice | Leave a comment

Former stock broker concealed insider trading scheme using BVI shell company

Posted on October 3, 2013 by Mike

Former stock broker Gary Yin admitted obstructing justice and laundering money for Jing Wang, former Qualcomm Executive Vice President and President of Global Business Operations. According to the plea agreement, Gary Yin assisted Jing Wang to conceal his illegal insider … Continue reading →

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Commission Published CFATF Warning on Belize and Guyana

Posted on September 20, 2013 by Mike

The British Virgin Islands Financial Services Commission has published on its home page Public Statement No. 5 of 2013, informing that on 30 May, 2013, the Caribbean Financial Action Task Force had identified jurisdictions in the Caribbean region that have … Continue reading →

Posted in Money Laundering, Offshore secrecy, Offshore tax havens, Tax Shelters | Leave a comment

British Virgin Islands-based firm to be investigated by Indian agencies

Posted on October 15, 2010 by Mike

Indian detectives found the real beneficiaries of a Rs1.25 billion (approximately $27 million) payoff that was made to a British Virgin Islands-based company Park House Holdings Limited for TV rights of the Indian Premier League (IPL)  cricket series. This money … Continue reading →

Posted in BVI Companies, Investigation, Money Laundering | Leave a comment

U.S. authorities file charges against BVI company

Posted on August 25, 2010 by Mike

On Tuesday, charges were filed by the state Attorney General’s Office, Pennsilvania, against Brian J. Murray, CEO of the defunct  Murray Insurance Agency and three other persons. They are alleged of insurance pyramid scheme, the accusations against them include criminal … Continue reading →

Posted in Frauds, Investigation, Money Laundering, Tax avoidance, Tax fraud | Leave a comment

Managing director of BVI hedge funds arrested in connection with K1 Group’s probe

Posted on April 26, 2010 by Mike

Two more arrests were made in connection with investigation of K1 Group’s activities. According to Dietrich Geuder, the spokesman for the Wuerzburg Prosecutors’ Office, the managing director of the British Virgin Islands-based hedge funds K1 Global Ltd. and K1 Invest … Continue reading →

Posted in BVI Investment Funds, Frauds, Investigation, Money Laundering, Offshore investment schemes | Leave a comment

BVI hedge fund is to be liquidated

Posted on December 1, 2009 by Mike

K1 Invest Ltd., the British Virgin Islands-based hedge fund operated by German K1 group – one of the two BVI hedge funds believed to be used in a network of investment firms to transfer the money received from reputable banks, … Continue reading →

Posted in Frauds, Investigation, Money Laundering, Offshore investment schemes | Leave a comment