Tweet Controlling a whole city It can sometimes be hard to grasp the extent to which the Mafia operates its extortion racket against businesses, and the extent to which it controls so many businesses with threats of bombs, violence and death. An Italian investigating Judge, Francesco Agnino, came across Mafia extortion activities that were so […]
Tweet According to an investigation by a number of journalists with the Journal de Montreal (here), two casinos managed by Loto-Quebec, a government agency, laid out the red carpet to well-known organized crime figures associated with the Cosa Nostra Mafia and Hell’s Angels. Stefano Sollecito was VIP gambler Their investigation found that Stefano Sollecito, said […]
Tweet Project Endgame York Regional Police in Ontario announced the arrest of 29 people following the raid of an alleged illegal underground casino at a 20,000 square-foot mansion in Markham, Ontario, during the summer. The operation dubbed “Project Endgame”, resulted in several raids of alleged illegal underground casinos operating in York region. The first bust […]
Tweet At reporting entities, such as banks, casinos or accounting firms, the AML compliance officer’s obligations to report are obligations owed to the state that arise as a matter of public law. That’s why legislation requires reporting by the registered entity and its employees. If the reporting entity does not report to the FIU, the […]
Tweet The proceeds of crime from a massive US$550 million Ponzi scheme perpetrated by two convicted fraudsters in the US – Kevin Merrill and Jay Ledford – are being auctioned at an online auction house starting next week, in part because of Covid-19. Diamonds, sports memorabilia, art, gold coins, comic book from securities fraud being […]
Tweet Lots is often written about red flags within a sector to spot money laundering but not much is written about cross-sectoral red flags that can help investigators identify potential money laundering, where the combination of factors in different sectors may increase the probability of the incidence of money laundering. These red flags are about […]
Tweet The Colombian financial crime police noticed and tracked down a suspected money launderer by following her extravagant shopping sprees on Instagram. Jenny Ambuila, a Colombian foreign national, was arrested by Colombian federal police for suspected money laundering. She posted many images of expensive purses and 5 star hotel stays in the EU as well as […]
Tweet World leader in organized crime communications was launched in Canada A Vancouver company, called Phantom Secure, a little over a year ago, was the world leader in providing illegal encrypted communication services for the top international drug traffickers in the world. But perhaps no more. On March 8, 2018, the CEO of Phantom Secure, a […]
Tweet An online gambling executive, William Creighton, who ran sports books from Costa Rica, disappeared last September 2018 and is believed to be dead. His car was found abandoned and his wife reported him missing a day later. He was never located. His wife informed the police that the night before, she had received a […]
Tweet An alleged financier for Hezbollah, Assad Ahmad Barakat, was arrested in Brazil, accused of laundering $10 million at a casino in Argentina. In 2004, the US Treasury said Barakat was one of the most influential members of  Hezbollah, a listed terrorist organization. It accused him of using his businesses in the border areas of Brazil, Paraguay […]