Category Archives: Money Laundering

Information about money laundering.

The report reveals role of BVI and other UK overseas territories in global tax dodging

According to the report published by the Tax Justice Network, the UK territories of the BVI, Cayman Islands and Bermuda are the ones to contribute the most to global tax avoidance, among all the tax havens, and Anguilla, Guernsey, Jersey … Continue reading

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

BVI among major money laundering centres listed in US report

The latest US International Narcotics Control Strategy Report, in its part dedicated to money laundering, put the British Virgin Islands on the list of “Major Money Laundering Jurisdictions” for the year 2018. Among other territories listed there were all major … Continue reading

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BVI company’s suspicious transactions investigated by US federal law officials

The news agency published information about the previously undisclosed complex web of financial transactions, which involved the transfer of money from Russia and Switzerland to the British Virgin Islands, Bangkok and New Jersey. The suspicious money transfers involved the participants … Continue reading

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New US Treasury Secretary asked for tax haven problem decision

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

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

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

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

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Lawyer pleaded guilty to his client’s money laundering

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

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Former stock broker concealed insider trading scheme using BVI shell company

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

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

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

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

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