Category Archives: Money Laundering

Information about money laundering.

Assets Recovery Agency is to recover £5.375 million in connection with offshore Trust and BVI companies affairs

The High Court of London has granted the Consent Order to the Assets Recovery Agency (ARA) to recover £5.375 million of criminal assets. This order was the result of an agreed settlement between the Agency and John Szepietowski, Susan Ann … Continue reading

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Alleged tax fraudster makes complicated series of offshore transactions involving the BVI company

A connoisseur of artwork Michael John Milne has been charged by Sydney court with laundering $30 million as part of Australia’s largest tax fraud investigation. The director of the company who claims to have earned just $3397 in 13 years … Continue reading

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UBS AG refuses to provide information to Indian authorities on illegal money transfers across Switzerland, BVI, and other locations

The Swiss bank UBS AG refused to co-operate with Indian authorities, to unravel a multinational trail of money transfers across Switzerland, New York, the British Virgin Islands and Pune, between Indian stud farm owner Hasan Ali Khan and a fugitive … Continue reading

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Bikbank’s license recalled for transferring money through BVI-, UK-, and Seychelles-based companies

On November 26, 2007, the Russian Central Bank ordered to recall the banking licenses of the Bank of Investment Capital (Bikbank), Saturn bank, and Samoletbank, as these banks many times violated laws on countering money-laundering activities. In a CB statement, … Continue reading

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19 BVI companies included in the list of 1.5 million assets owned by the family of Benazir Bhutto, former Pakistani Prime Minister

In accordance to information given in the Pakistani press (“The News”), details of the assets $1.5 billion worth (almost Rs 90 billion) supposedly owned by Benazir Bhutto and her family are now under wide circulation through the electronic mail service. … Continue reading

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BVI Companies controlled by the alleged Mafia boss are to be investigated by Namibian authorities

Vito Palazzolo came to the special attention of Namibian officials and media in March, 2007, when it emerged that his son had been appointed a director of Avilla Investments – a company which held a licence to buy rough diamonds … Continue reading

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Former Nigerian governor stole millions of US dollars through BVI and Seychelles companies

Recently the Times informed that Nigerian Government is seeking to seize control of bank accounts and properties of Chief Diepreye Alamieyeseigha, which was the elected governor of one of the richest oil states of Nigeria. During his being in this … Continue reading

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BVI-based Airline Company to provide aircraft for al-Qa’ida fighters’ transportation in East Africa

An airline company based in Johannesburg but registered in the British Virgin Islands has been involved in transporting al-Qa’ida recruits in Somalia, that directly challenged the interests of Western countries in East Africa. Recently published United Nations security council report … Continue reading

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Guernsey’s Court approved an application to freeze EUR 36 M of the BVI-registered Garnet Investment

On January, 22 Guernsey royal court approved an application by the government of Indonesia to freeze tens of millions of dollars allegedly hidden illegally by Hutorno Mandala Putra, the son of Suharto, the country’s former dictator. The court also approved … Continue reading

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BVI Companies involved in BAE’s deals in South Africa

The corruption investigation started on the purpose of defence conglomerate British Aerospace (BAE) Systems two years ago by the United Kingdom’s Serious Fraud Office (SFO) now includes new allegations of dirty money and influence-buying. The SFO formal application asking for … Continue reading

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