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Showing posts with label Paradise Papers. Show all posts
Showing posts with label Paradise Papers. Show all posts
Sunday, May 5, 2019
Thursday, November 29, 2018
Deutsche Bank Raided For Stealin' From The Poors - Panama Papers & Tax Evasion
Aaaaaaand we are off and running....
Next stop, The United States.
This is an international money laundering operation grounded in mortgage fraud by Corporate Shape Shifters through fake ass LLCs that was stealin' from "The Poors" (always said with clinched teeth).
Sound familiar?
It should.
“This must be associated with criminal behavior and not just a trivial offence,” said Stefan Mueller chief executive officer of DGWA, an investment advisory boutique based in Frankfurt. He believes the bank will now be paralyzed for months until it becomes clear how it will be effected by new potential fines. “Maybe this time, Achleitner will fall. The bank needs fresh blood to make a radical cut at its management.”
“I hate surprises, but you don’t know what you don’t know,” said Matherat, a lawyer and former deputy director general at the French central bank.
Next stop, The United States.
This is an international money laundering operation grounded in mortgage fraud by Corporate Shape Shifters through fake ass LLCs that was stealin' from "The Poors" (always said with clinched teeth).
Sound familiar?
It should.
Deutsche Bank offices raided this morning by 170 officers and investigators in money laundering probe over Panama Papers
More than six police vehicles, their blue lights flashing, pulled up to Deutsche Bank's main offices shortly before 9 a.m.
German authorities descended on Deutsche Bank AG, including its downtown Frankfurt headquarters, in a coordinated raid related to a money-laundering investigation.
More than six police vehicles, their blue lights flashing, pulled up to Deutsche Bank’s main offices shortly before 9 a.m., in an operation involving about 170 officers. The main suspects were two bank employees who were not identified beyond their ages — 50 and 46. Authorities were also looking at whether others might have been involved. The bank said it was cooperating in what prosecutors described as a continuing investigation.
For the beleaguered German lender, the raid adds to a panoply of headaches — commercial, regulatory and legal — facing chief executive Christian Sewing and chairman Paul Achleitner. The stock has lost almost half its value this year, after sliding about 3 per cent on Thursday. The cost of insuring its junior debt against losses jumped 11 basis points to 383 basis points, the highest in two years, according to data compiled by CMA.
“This must be associated with criminal behavior and not just a trivial offence,” said Stefan Mueller chief executive officer of DGWA, an investment advisory boutique based in Frankfurt. He believes the bank will now be paralyzed for months until it becomes clear how it will be effected by new potential fines. “Maybe this time, Achleitner will fall. The bank needs fresh blood to make a radical cut at its management.”PANAMA PAPERS
The investigation stems from revelations in the Panama Papers, a collection of documents leaked in 2016 from Mossack Fonseca, a Panama-based law firm that created shell companies to facilitate tax avoidance. At the time, Deutsche Bank severed ties with a Cypriot lender partly owned by VTB Group that was identified in the reporting.
The subsequent investigations from the Panama Papers exposed evidence Deutsche Bank helped clients set up off-shore accounts, prosecutors said. The officials said the Thursday raid wasn’t related to its role as a correspondent bank for money laundering at Denmark’s Danske Bank.
The German lender may have helped clients in setting up offshore companies in tax havens. Money obtained illegally may have been transferred to accounts at Deutsche Bank, which failed to report the suspicions that the accounts may have been used to launder money, Frankfurt prosecutors said.
In an emailed statement, Deutsche Bank confirmed that police are investigating at several German locations in relation to Panama Papers, and said it is fully cooperating with authorities.
The timing of the raid inflicts more pain on Deutsche Bank after a series of setbacks and repeated failures in keeping misconduct in check have pushed the shares to all-time lows. Investor worries have mounted over its role as a correspondent bank in the multi-billion-dollar money-laundering scandal at Danske, and Germany’s markets regulator has taken the unprecedented step of appointing a monitor to oversee the firm’s efforts to improve money-laundering and terrorism-financing controls.
Deutsche Bank has spent more than US$18 billion paying fines and settling legal disputes since the start of 2008, according to company disclosures compiled by Bloomberg News. In Europe, Royal Bank of Scotland Group Plc is the only lender to have faced a bigger tab, at US$18.1 billion, the Bloomberg calculations show.
“Just when you thought Deutsche Bank had left it’s legal troubles behind it, there’s more,” said Markus Riesselmann, an analyst at Independent Research who recommends investors sell Deutsche Bank shares. “Investors really want to be able to focus on the bank’s operating business, so this noise around them is quite unhelpful for the mood.”
Sewing, who took the top job in April, is replacing key executives as part of a management shakeup as he struggles to get Germany’s biggest lender back on track. Sylvie Matherat, a management board member who serves as the bank’s chief regulatory officer, and Tom Patrick, who runs operations in the Americas, are among executives who might ultimately leave, people familiar with the matter said this week.
In a June 2017 interview, Matherat described the monumental task of modernizing the company’s compliance methods. After years of acquisitions and overseas expansion, the lender was left with a patchwork of computer programs to monitor transactions. The bank didn’t have a complete picture of the compliance controls in the organization’s businesses and regions, she said.
Monday, April 30, 2018
DOJ: Judiciaries Of The Western World Unite To Stop Trafficking Tiny Humans & Unseal Paradise Papers
Jeffy has been busy.
This is setting up prosecutions and asset forfeiture in trafficking tiny humans.
As a frequent contributor to the JSI program, Justice Rivera García stressed the importance of the judges’ contribution to rule of law in the hemisphere and lauded them for their role in the transformation of Latin American justice.
With the support of U.S. Supreme Court Justice Sonia Sotomayor, and in partnership with the Department of State’s Bureau of International Narcotics and Law Enforcement Affairs, the Department of Justice’s Office of Prosecutorial Development Assistance and Training (OPDAT) launched JSI in 2012 as a response to the wave of justice sector reforms in Latin America that saw many countries transition to an adversarial system.
Through instruction conducted in Spanish, practical exercises, and observations of courtroom proceedings, the JSI program provides judges with an opportunity to enhance their understanding of the fundamental principles, benefits, and challenges of the adversarial system. This capacity building is critical to the region as the judge’s role in the adversarial system is different from that in the inquisitorial system. In the inquisitorial system, the judge is actively involved in investigating the facts of the case, whereas in the adversarial system, the role of the judge is primarily that of an impartial referee between the prosecution and the defense.
Throughout 2018, judges from 10 Latin American countries will participate in JSI courses covering topics such as the development of rules of evidence, proportionality in sentencing, and opinion writing. While each country’s transition to the adversarial system has been unique, the judges who have participated in the JSI program have displayed the same dedication to improving and strengthening the transparency and efficiency of their respective criminal justice systems.
“The Judicial Studies Institute’s work with Latin American judges as their justice systems transition to adversarial systems is pivotal to ensure the fair and effective administration of justice throughout the hemisphere, which in turn promotes security throughout the region,” said Faye S. Ehrenstamm, Director of OPDAT. “This would not be possible without both the deep commitment of the judiciaries from participating countries and the tremendous contributions by the U.S. federal and state judiciaries. OPDAT is proud to be associated with JSI and its many contributions to the region.”
Since 2012, JSI, with its partners at the University of Puerto Rico and Inter-American University law schools, has hosted over 700 Latin American judges from 12 countries. The program continues to expand with the introduction of a mentoring component for JSI alumni in 2017, and new course offerings on special topics including digital and electronic evidence, opinion writing, and asset forfeiture added to the curriculum each year.
Voting is beautiful, be beautiful ~ vote.©
This is setting up prosecutions and asset forfeiture in trafficking tiny humans.
Puerto Rico Supreme Court Justice Addresses Latin American Judges at Department of Justice’s Judicial Studies Institute
Today, at the Supreme Court of Puerto Rico, Justice Edgardo Rivera García gave the keynote address to 29 judges from Costa Rica, the Dominican Republic, Guatemala, Haiti, Honduras, Mexico, Panama and Peru in San Juan, Puerto Rico as part of the Judicial Studies Institute (JSI) training program, a collaborative effort between the Department of Justice and Department of State to build the capacity of the judiciaries of the Western Hemisphere.As a frequent contributor to the JSI program, Justice Rivera García stressed the importance of the judges’ contribution to rule of law in the hemisphere and lauded them for their role in the transformation of Latin American justice.
With the support of U.S. Supreme Court Justice Sonia Sotomayor, and in partnership with the Department of State’s Bureau of International Narcotics and Law Enforcement Affairs, the Department of Justice’s Office of Prosecutorial Development Assistance and Training (OPDAT) launched JSI in 2012 as a response to the wave of justice sector reforms in Latin America that saw many countries transition to an adversarial system.
Through instruction conducted in Spanish, practical exercises, and observations of courtroom proceedings, the JSI program provides judges with an opportunity to enhance their understanding of the fundamental principles, benefits, and challenges of the adversarial system. This capacity building is critical to the region as the judge’s role in the adversarial system is different from that in the inquisitorial system. In the inquisitorial system, the judge is actively involved in investigating the facts of the case, whereas in the adversarial system, the role of the judge is primarily that of an impartial referee between the prosecution and the defense.
Throughout 2018, judges from 10 Latin American countries will participate in JSI courses covering topics such as the development of rules of evidence, proportionality in sentencing, and opinion writing. While each country’s transition to the adversarial system has been unique, the judges who have participated in the JSI program have displayed the same dedication to improving and strengthening the transparency and efficiency of their respective criminal justice systems.
“The Judicial Studies Institute’s work with Latin American judges as their justice systems transition to adversarial systems is pivotal to ensure the fair and effective administration of justice throughout the hemisphere, which in turn promotes security throughout the region,” said Faye S. Ehrenstamm, Director of OPDAT. “This would not be possible without both the deep commitment of the judiciaries from participating countries and the tremendous contributions by the U.S. federal and state judiciaries. OPDAT is proud to be associated with JSI and its many contributions to the region.”
Since 2012, JSI, with its partners at the University of Puerto Rico and Inter-American University law schools, has hosted over 700 Latin American judges from 12 countries. The program continues to expand with the introduction of a mentoring component for JSI alumni in 2017, and new course offerings on special topics including digital and electronic evidence, opinion writing, and asset forfeiture added to the curriculum each year.
Voting is beautiful, be beautiful ~ vote.©
Friday, February 9, 2018
Day 113.3 House of Russian Cards Collapsing - "Rich Kids" Scatter
Comey & Mueller Ignored McCabe’s Ties to Russian Crime Figures & His Reported Tampering in Russian FBI Cases, Files
Global Privatization: How The Clinton Foundation Stole Russian Children, Land & Votes
Democratic Sen. Mark Warner texted with Russian oligarch lobbyist in effort to contact dossier author Christopher Steele
Voting is beautiful, be beautiful ~ vote.©
Sunday, November 5, 2017
The Paradise Papers Are Out!
THE 1 PERCENT
Offshore Trove Exposes Trump-Russia Links And Piggy Banks Of The Wealthiest 1 Percent
A new leak of confidential records reveals the financial hideaways of iconic brands and power brokers across the political spectrum.
A trove of 13.4 million records exposes ties between Russia and U.S. President Donald Trump’s billionaire commerce secretary, the secret dealings of the chief fundraiser for Canadian Prime Minister Justin Trudeau and the offshore interests of the queen of England and more than 120 politicians around the world.
The leaked documents, dubbed the Paradise Papers, show how deeply the offshore financial system is entangled with the overlapping worlds of political players, private wealth and corporate giants, including Apple, Nike, Uber and other global companies that avoid taxes through increasingly imaginative bookkeeping maneuvers.
One offshore web leads to Trump’s commerce secretary, private equity tycoon Wilbur Ross, who has a stake in a shipping company that has received more than $68 million in revenue since 2014 from a Russian energy company co-owned by the son-in-law of Russian President Vladimir Putin.
In all, the offshore ties of more than a dozen Trump advisers, Cabinet members and major donors appear in the leaked data.
The new files come from two offshore services firms as well as from 19 corporate registries maintained by governments in jurisdictions that serve as waystations in the global shadow economy.
The leaks were obtained by German newspaper Süddeutsche Zeitung and shared with the International Consortium of Investigative Journalists and a network of more than 380 journalists in 67 countries.
The leaks were obtained by German newspaper Süddeutsche Zeitung and shared with the International Consortium of Investigative Journalists and a network of more than 380 journalists in 67 countries.
Voting is beautiful, be beautiful ~ vote.©
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