Monthly Archives: July 2016

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

Posted in Money Laundering, Offshore investment schemes, Offshore tax havens | Leave a comment

BVI companies allegedly involved in forex schemes

Close relative of ex-Punjab chief minister was asked to appear before the Enforcement Directorate and bring personal financial documents, in connection with probe against him for alleged forex contraventions and failure to pay taxes for foreign assets. He should explain … Continue reading

Posted in BVI Companies, Offshore investment schemes, Tax fraud | Leave a comment

BVI FSC Issued Advisory Warning on FXGlory Ltd.

An Advisory Warning published by the BVI FSC on 6 July, 2016, informs the public of the entity known as FXGlory Ltd., which has been offering online investment products and trading in other forex related products and services, and presenting … Continue reading

Posted in Unlicensed offshore services | Leave a comment