35 Burst results for "Money Laundering"

Guterres Condemns Yemen Executions by Houthis

UN News

01:06 min | Last month

Guterres Condemns Yemen Executions by Houthis

"U. n. secretary general antonio guiterrez on monday urged world leaders to take action to get sustainable development back on track before it's too late to change course at a meeting in new york on the sidelines of the un general assembly. He insisted that the road to recovery after kovic was mapped out clearly highlighting several challenges. The un chief said that corona virus vaccine production needed to double to reach seventy percent of the world's population by the middle of next year. Bold investment was also needed in education welfare protection healthcare and jobs. Mister guitarist continued at the digi moment. Event as he urged an end to tax evasion money laundering and illicit financial flows the third global challenges ensuring equal rights for women and girls including in education everywhere. The un top official maintained as leaders heard his call to put an end to the warming lead against a planet. The only way to do this by committing to zero net emissions by twenty fifty said mr perish by dedicating one hundred billion dollars a year to climate action and by saying no to more coal-fired power stations after twenty twenty one

Secretary General Antonio Guit Kovic Un General Assembly UN New York Mr Perish
"money laundering" Discussed on Software Engineering Daily

Software Engineering Daily

01:52 min | Last month

"money laundering" Discussed on Software Engineering Daily

"For them that use graph analysis to uncover anything that is potentially suspicious without necessarily having them understand every single thing around. What a column or means on the other side of things for detecting suspicious activity within the fraud and aml realm. What is going to be really interesting. I think is around the cryptos vase. S there's more and more traction within privacy preserving coins a sita's as in inevitable thing that happened is going to happen. How do we deal. With cases whereby the fundamental principles off crypto of anonymity really goes against what is needed to detect money laundering detect fraud activity and to clean financial systems. This is a problem. i think. The entire crypto system crypto communities also grappling with their of course privacy maximus the are going forward with the very liberal standpoint debt. Crypto is private crypto should be anonymous and the reason why exists is for privacy but then there's also practitioners that realize that without the blessings of governments without being able to ensure improve from first principles ideally without sacrificing privacy or committee that people transacting on the networks are not using it for anything that is harmful and bad for social systems. I think this is uncontroversial and is has to be addressed at some point in the future. There's been tons of research papers on the subject and we're watching closely rosal working with partners like genesis just crypto forensics and working with them.

rosal genesis
"money laundering" Discussed on Software Engineering Daily

Software Engineering Daily

07:18 min | Last month

"money laundering" Discussed on Software Engineering Daily

"With n number of customers and similar spaces. Is there any opportunity. To federate. The data to look across all of those in learn something in aggregate. This is something that we've been asked for so many times customers. It's really funny that even when we our third or fourth customers they were asking us this and of course back then when we did a study into how meaningful would be to federate learning within find too much because then needs to be some meaningful overlap. Whatever the definition of the overlap means within the customer base. before you can build meaningful consortium. Now today we're at a much later stage compared to then when we have customers that span several of our several of our use cases. So when you see a single user logging into multiple of our different customers many of whom have led them to be suspicious users than we can notify customers on this. This is something that we're uniquely in a position to do so no company can really build something like that. Without having to build a consortium themselves by going to all these other companies in industry we seen as being most relevant crypto of course when people using crypto exchanges to launder money to do surreptitious activity. They're not only just gonna use a single Exchange stigma one by definition. If they're good. Money launderer use multiple systems and a broader view. We have over all of these. The better get this now. We haven't really started to do a lot of this yet because there are still a lot more room for us to grow before we can truly release a product that people willing to pay for here but a lot of what we do. Release on the detection modeling lear when we find a cryptic shane debts using a Specific rules set really successfully than what we do within our product is to propose this as a rule set to other customers in the same industry and they can then leverage this same rules and most likely be able to capture the same user. Who is going to be exhibiting. The scene behave year across the different Exchanges and this we find to be the most robust way to capture share any of the insights that different exchanges different industries of customers are learning from their customer base. It stands to reason that if you do a new software release of some new innovation and detection could even be some prevention steps that gets put in place that there could be a stair step event here where a bunch of fraud is suddenly shut down and those criminals need to go scramble and try and evade your new tactics. Are you able to observe any interesting dynamics when you do a release and see people respond to it. Now that it's the problem has gotten harder for them. Yeah this is really interesting. The economics of fraud economics of money laundering. I think deserves more study. There have been really interesting studies on this where criminals that tried to launder money online or commit fraud online frequently trying to go after the lowest hanging fruit. So they're facing some kind of setbacks with the services. They're used to than most of the time they won't give up and it costs more for them to innovate around our solutions than to go to another platform that maybe has a lower barrier for entry. And this is. This is interesting because it means that it's an arms race but because the platform of all different ways that a money launderers can launder money or a fraudster. Can commit. fraud is so so broad. It would be highly unlikely for fraudsters to want to innovate. because they're blocked on some platform out there. So one example is if someone is trying to launder money through a well-known of exchange. That is doing a lot to block these attempts at lumbering when he then what they'll do is probably not to go a little bit deeper and innovate around our solution because most fraudsters aren't aren't the most technically enabled people they have donald at scripts. They have found ways of committing this kind of fraud and money laundering online document forums. And you name it. And they aren't necessarily the ones to do too much more to avoid detection to spoof. Anything that they needed to spoof to avoid being characterized and instead are going to go to a less cryptic change where they can hide their tracks. A lot. more effectively so the cat-and-mouse game is occurring but because of the broad surface of the different ways that fraudsters money launders can can operate. This cat and mouse game is going to last a long time. There's a public perception. That crypto currencies or kind of the wild west that there haven for criminals to do illicit transactions and. I guess that's plausible. But i haven't really looked into it. You're a lot closer to the data. Do you have any intuitive sense of the degree to which there's fraud and money laundering compared to typical commerce. Yeah crypto is definitely a really interesting space for money laundering. That thing dad's interesting though. Is that many fraudsters at this point. I think still don't know what triple really can bring to them. There is obviously a very clear confusion between privacy and anonymity and crypt only provides for one of them so when we talked to some of the leading crypto exchanges around how they're attaining success in identifying money launderers and identifying surreptitious individuals that. They're reporting to the government's than we find dead. The general attitude of money launderers and criminals using these platforms is still quite low. Now of course there is a self selecting element in there because there is a high possibility of the real high aptitude money launderers criminals not being detected and the crypto exchanges. The crypto networks. Do present a very fertile ground for them to operate because if they're able to efficiently mix and effectively hide their tracks using specially one of the privacy privacy preserving networks out there. Then this is a real problem to the realm of money laundering. Even though there are techniques to probabilistically define if a an account even in the privacy preserving network is involved with any surreptitious activity. This is still much more difficult to do than in a public network like bitcoin. Money laundering is something that happens when people decide to start laundering money. I don't know if there's any trends or patterns there But certainly there could be spikes an unexpected events that you can't predict to what degree do the operations of your company ever have to assemble in like a war.

donald confusion government
"money laundering" Discussed on Software Engineering Daily

Software Engineering Daily

05:14 min | Last month

"money laundering" Discussed on Software Engineering Daily

"Any problem. Promoting g too. I because i have been a power user of their services and i gotta tell you it will celery your development clearance. Welcome to software engineering daily. Thank you thanks for having me here. Tell me about your background. And how you ended up starting unit twenty one. so i'm the co founder of unit twenty one. We are a no code a platform for detecting suspicious events. My background is in security in machine learning. We do some similar work over here and help companies to detect anything suspicious to them whether or not. It's related to security a lot of our companies. Use us for detecting money laundering fraud and really anything. That is suspicious to them. That's an interesting use. Case if i were in charge of one of those platforms. I definitely wouldn't want used for fraud and money laundering in these types of crimes. But i also know. There are a big enough platform. Just weird edge cases happening. Have you tell the difference between that and actual fraud for something a lot more clear for example when you're dealing with payments through the credit card network you know something is fraud when you for example received a charge back request this when the credit card transaction has been cancelled or disputed and for something. That's a little bit less obvious so money laundering for example is notoriously hard to get ground truth around so if you think something is money laundering you frequently. Don't get a very clear feedback loop in into whether something is truly an attempt at money laundering or not now. A lot of this is obviously a challenge because when we're doing detection using machine learning or using in hugh risks than having very clear feedback cycle is important but especially when dealing with something that has an incredibly law feedback cycle. That has to go through. Maybe a us judiciary system than it's it's a little bit harder so that's a lot of what we do. We try to build models. We built rule sets for customers to detect money. Laundering detect things that are a little bit harder to get cycles around and we help them to be more sure around the things. They're finding so that they can be confident in detection schemes when i think about fraud and just transactions online. It's e commerce. That first comes to mind is at a common industry that you can deploy to. Actually ecommerce is not the most common type of customer that we that we half a of fintech companies financial institutions care a lot about money laundering. Because there's real consequence for them now. Money laundering is a little bit interesting because companies don't necessarily lose money from their consumers laundering money in platforms. It's a little unintuitive when someone launders money on. Let's say your payments platform. Then you may not be losing money in fact you may stand to gain a bunch of money from this activity now. What really causes companies to care. A lot of the time is regulation because money-laundering is this is this event with huge. Negative externalities everydollar launder through the financial ecosystem causes ripple effects throughout the rest of society and everydollar longer. It goes into the blood line of organized crime human trafficking etc so the government cares even though private businesses may not stand to lose anything this is. Why if you were to operate any financial institution any money transmission activity any broker dealer activity within the us. You have to prove that you're doing all you can to prevent money laundering from happening in your systems in the least severe cases of enforcement. If you'll platform is found to be involved with money laundering. You'll be given a warning. In the worst case says you may be fined up to billions of dollars and the person in charge of the money. Laundering program may also be sent to jail so those real consequence you and the most typical tens of companies that integrate with our platform is financial institutions payments platforms crypto exchanges forex platforms. Anyone that deals with the transmission storage and movement of money. Is the analysis typically in batch or do you do a real time service so we're actually somewhat in between we don't just do batch processing. Don't just do real time processing as well. A lot of our customers. Send us data in real time. So when the transaction happens they send us the transaction but they don't actually wait for the response in real time now. We are building stuff that allows our customers get results in real time but today a lot of our customers. Don't really care about getting these results in real time. Because we're not in the critical path. Why this is important is because most money laundering. Sophisticated fraud is detected In fact you may not want to detect and give the feedback to the adversaries in real time because.

unit twenty us government
El Salvador Embrases Bitcoin

The Breakdown with NLW

02:03 min | Last month

El Salvador Embrases Bitcoin

"Firming topic today. We're doing a global tour of bitcoin who's embracing this disruptive digital gold this proto money system. Let's start by doing a quick revisit to el salvador on tuesday's show. We discussed some of the controversy leading into el salvador's bitcoin day. The formal enactment of their bitcoin legal tender law on surprisingly and continuing the themes that i was just exploring the gladiatorial battle on twitter continued throughout the day professor. Steve hanky who has really really tried to use. This crypto cycle to jump to the very top of the bitcoin antagonist list. Just would not shut up about it. I mean we are talking about ten twelve separate tweets many which said the same thing over and over. Here's a good example contrary to president. Bu kelly's unfounded claims el salvadorians do not want. Bitcoin is legal tender. The only ones who applaud are criminals. They know that the bitcoin law paves the way for rampant money laundering and corruption. This is one of those arguments. Where as soon as you even dine to make it. I look around at myself. Everyone that i know. Who's working in this industry. All the people that i know who are connected to this industry all the people who are in places like asante who have proven over the last few years how. Bitcoin has relevance for community like el salvador. And i mostly just stopped listening to what you have to say. Because you're clearly not in it for an actual conversation. And yet he continues. He tweeted at least three times about bitcoins. Volatility bitcoin nineteen percent to a twenty four hour. Low of forty two thousand nine hundred and twenty one per bitcoin today to queens volatility is an obvious reminder that it can never be a reliable unit of account and thus can never be used as a currency. Btc is nothing more than a highly speculative asset. Naib kelly's bitcoin law will do el salvador. Never mind his careful use of hash tagging on. Bitcoin and btc gotta make sure. Everyone sees his angry tweets. Professor hanky also hated it when president. Bu pele bought the tip and made fun of the imf all in one tweet saying buying the dip one hundred and fifty new coins added. It appears the discount is ending. Thanks for the dip. Imf we saved a million and printed paper el salvador. now hold five hundred fifty bitcoin.

El Salvador Steve Hanky Bu Kelly Bitcoin Twitter Naib Kelly BTC IMF
Investigating a Call to Ukraine Versus Filming Porn, Making Foreign Business Deals

The Dan Bongino Show

01:00 min | Last month

Investigating a Call to Ukraine Versus Filming Porn, Making Foreign Business Deals

"By every single liberal age in the country. They've magically found Donald Trump. Incredible. Every single liberal attorney general The city state's attorney press. Local project wants Donald Trump a jail They haven't found anything yet. It's amazing yet Joe Biden right in front of you. You got his son filming porn owes on his own computer with Russian prostitutes talking on tape about his business deals. You got this guy using blowhole art like a dolphin or something. It's some kind of like what sounds like a pseudo money laundering thing, right? You got old. You got the business partner on TV? Yeah, we're kicking back 10% that Joe Biden. He's the big guy, and they're like, Hey, Donald Trump called Ukraine. Was this guy this senile dudes? Definitely the better check. Well done limbs. Well, the good job, folks we got what would we do without liberals? My gosh, this country would be lost without you Collective Group of morons. What would we do without you?

Donald Trump Joe Biden Ukraine
Italian Alleged Mobster Linked to Stolen Van Goghs Is Held in Dubai

America First

00:41 sec | 2 months ago

Italian Alleged Mobster Linked to Stolen Van Goghs Is Held in Dubai

"Most wanted men has been arrested in Dubai. Italian police say the alleged cocaine traffickers suspected of having bought two stolen van Gogh paintings on the black market was arrested on August 4th. Rafael in pity. Allah is being held in the United Arab Emirates, while Italy's Justice Ministry completes extradition procedures. The 46 year old is an alleged kingpin and the Naples based camera organized crime syndicate. Wanted in Italy for alleged international drug trafficking and money laundering. In 2016 to then go paintings that had been stolen in 2000 and two from an Amsterdam museum were found stashed in a farmhouse on property in Italy, owned by MPD Ali.

Justice Ministry Van Gogh Dubai Italy Rafael United Arab Emirates Naples Amsterdam Museum Mpd Ali
Nicaraguan police raid storied opposition newspaper

BBC Assignment

00:14 sec | 2 months ago

Nicaraguan police raid storied opposition newspaper

"Have raided the offices of the country's main newspaper La Prensa, saying they're investigating allegations of money laundering and flawed. La Prensa is owned by the family of an opposition politician and has frequently criticized the government.

La Prensa Government
SEC Chief Says Crypto Is Rife With Fraud, Scams and Abuse

The Dan Proft Show

00:35 sec | 2 months ago

SEC Chief Says Crypto Is Rife With Fraud, Scams and Abuse

"Commission, said that investors need more protection in the Cryptocurrency market, which he said is rife with fraud, scams and abuse. Gary Ginzler listed several areas where crypto needed to be reined in or regulated. There are areas which are particularly susceptible to money laundering, sanctions, tax collection and extortion via ransomware. Councilor has been viewed as receptive toward crypto currency and other new financial technologies after a stint as a professor at MIT, where he focused research and teaching on public policy and digital currency correspondent Jeremy Ellis

Gary Ginzler MIT Jeremy Ellis
DOJ Reportedly Probes Crypto Company Tether

Techmeme Ride Home

01:41 min | 3 months ago

DOJ Reportedly Probes Crypto Company Tether

"To sources the us department of justice is probing weather executives at tether committed bank fraud in the early stages of that product. This is a big deal. Not just because tethers circulation are worth around sixty two billion dollars but also because and you read this right for various reasons tether underpins around fifty percent of all existing. Bitcoin trades at the moment quoting bloomberg tethers pivotal role in the crypto ecosystem is now well known because the token is widely used to trade bitcoin but the justice department investigation is focused on conduct. That occurred years ago win tether was in its more nascent stages specifically federal prosecutors are scrutinizing weather tether concealed from banks that transactions were linked to crypto said three people with direct knowledge of the matter who asked not to be named because the probe is confidential. Criminal charges would mark one of the most significant developments in the us government's crackdown on virtual currencies. That's because tether is by far. The most popular stable coin tokens designed to be immune to wild price swings making them ideal for buying and selling more volatile coins federal prosecutors have been circling tethers since at least twenty eighteen in recent months they sent letters to individuals alerting them that their targets of the investigation. One of the people said the notices signal that a decision on whether to bring a case could be made soon. With senior justice department officials ultimately determining whether charges are warranted the probe is reaching a tipping point as stable coins attract intense scrutiny from regulators. The us treasury department and federal reserve are among agencies concerned. That the tokens could threaten financial stability and our obscuring transactions tied to money laundering and other misconduct because they allow criminals to make payments without going through the regulated banking system

Justice Department Bloomberg Us Government Us Treasury Department Federal Reserve
Belarus Sentences Former Presidential Contender to 14 Years

BBC World Service

00:16 sec | 3 months ago

Belarus Sentences Former Presidential Contender to 14 Years

"Bob Rico, has been sentenced to 14 years in jail for corruption, had been accused of receiving bribes and money laundering. Mr Barba Rico was detained in June last year in the run up to presidential elections. The Taliban say they have continued to

Bob Rico Mr Barba Rico Taliban
Vatican Indicts 10 for Financial Crimes

Sean Hannity

00:40 sec | 3 months ago

Vatican Indicts 10 for Financial Crimes

"Has indicted an Italian cardinal and nine others that are set to stand trial for alleged financial crimes. ABC is Megan Williams has more from Rome, the once powerful Cardinal Angelo bitch who has become the highest ranking Vatican based church official to be indicted for alleged crimes that include embezzlement, money laundering, fraud, extortion and abuse of office. That you was fired by Pope Francis last year and has maintained his innocence during a two year investigation. The pope ordered the former heads of the Vatican's financial intelligence unit and two Italian brokers involved in the Vatican's purchase of a luxury building in London have also been charged. Megan Williams, ABC NEWS Roma

Megan Williams Cardinal Angelo Bitch Pope Francis ABC Rome Pope Vatican London Abc News
Binance Runs Into Trouble Around the Globe

Techmeme Ride Home

02:01 min | 4 months ago

Binance Runs Into Trouble Around the Globe

"The hits keep on coming for crypto lately. The uk's financial conduct authority has ordered crypto exchange by nance to stop all regulated activities in britain by june thirtieth and has issued a consumer alert against the company quoting the financial times by markets. Limited is not permitted to undertake any regulated activity in the uk. The financial conduct authority said adding quote. No other entity in the finance group holds any form of uk authorization registration or license to conduct regulated activity in the uk and quote by nance markets limited is not approved under the fca's cryptocurrency registration regime which is required for uk groups offering digital asset services. The entity had applied to become a registered cryptocurrency company with the regulator but pulled that application last month according to to people familiar with the situation. The watchdog confirmed the application had been dropped quote filing intensive engagement from the fca. And the focus in deciding whether or not to approve. Such applications is on a review of controls and practices to prevent money laundering and the financing of terrorism. Finance is one of the most important operators in the fast emerging crypto market offering a wide range of services to customers around the world including trading in dozens of digital coins futures. Options stock tokens as well as savings accounts and lending. It recorded crypto trading volumes equivalent to one point five trillion dollars last month. According to data from the block crypto and quote actually the hits keep coming for bytedance in particular lately quoting axios this past weekend alone. It ran into obstacles in japan the uk and the canadian province of ontario on friday. The japanese financial services agency issued by. Its second warning in three years that the company isn't registered to operate in japan. The same day finance decided to stop operating in ontario where authorities have issued notices to at least three other crypto exchanges over the past month accusing them of failing to comply with regulations

UK Financial Conduct Authority Nance Markets Limited FCA Nance Britain Japanese Financial Services Ag Japan Ontario
A Day in the Life of Being LGBT or Q.

Safety Chick Rules

01:55 min | 4 months ago

A Day in the Life of Being LGBT or Q.

"All right so first of all i think. Let's just start at the beginning. Why did you want to become a police officer. Oh ever since. I was a kid. I used to dress up for as chips over the show. Which which one were you punch. I just loved it. I wanted to help. That's always had that in my mind always instilled and i wanted to be a cop. It was just always something in me. I can't explain so then. When did you decide. And did you go into the academy. at what. what age were you was. Twenty three twenty. Three hundred to the academy so i was there twenty three and i was there for about ten years where we were you hired at originally into hollywood florida originals high with lower hill police department and i was there for about two years. Here's a smaller city in broward. County sells here for about two years. And then it's a small department. So i wanted to go to a bigger department can grow and excel move to different departments batali and then. What year did you get with hollywood. Two thousand one. Wow okay and so over. The course of time with the hollywood police department and became a swat. Abs- yes i was on swat for about two and a half years i was able to. I was really able to excel at the beach patrol for about two and a half years. Then i got on swat and then. I was actually undercover. A few years less three years on the cover cell's amazing all my majority might cases were out state sows and money laundering l. Your teamed up with like a task force correct yep. I was task force out of miami with just with fbi with everybody seventeen agencies in that task force fbi. Ice all of us. Bunch of our senate again. I was the cousin of one of the big drug lords and out. Go pick up money for him different

Hill Police Department Hollywood Police Department Hollywood Batali Broward Florida FBI Miami Senate
The Refugee Journey With Mimi Bassett

The Unfiltered Real Talk Podcast

01:25 min | 4 months ago

The Refugee Journey With Mimi Bassett

"Hello are you. I'm doing. I'm doing great. I'm so excited to see you. Thank you so much for being here. Metoo it's been ages and when you said when you said you're gonna let me introduce myself on lock. What am i gonna use his baby. Aggression name is it. The real anyways bucks strips of the points aren't may they have been by sets. And i will buy me wrong. That's wall on cold home. And i guess on my social media wine mimi. I'm happily married to we a son. I love this too so jelly. So shot up you guys this. I currently live in bermuda. I'm from togo. Although my mom is onion until released bonding took. Oh my god wants to release. I lived in canada low bit. And that's emits. I eric and i do. You can check out a moment with maybe if you'd like to check Youtube also in the compliance sector having walked in non profit for awhile. I finally moved to To the corporate world which is just switched to be honest. I don't know what how how it got here. But i'm really happy. I love the industry. Analog warm doing Quietly taking anti money laundering educational flaw. Because i want to switch over anti money laundering. So yeah but i am enjoying. I currently do

Mimi Togo Bermuda Eric Canada Youtube
Lying Is Good for Your Heart? Ron Burgundy Explains

The Ron Burgundy Podcast

01:05 min | 4 months ago

Lying Is Good for Your Heart? Ron Burgundy Explains

"Remember. I grew up very poor with none of the advantages you've had. I didn't have a tube of chocolate ice cream running into my mouth all day. Long the way you did carolina. I didn't have your dry skin problem. Either oh we could afford growing up was an old phil co radio really i. I don't think that's true. Well i could be lying. I do a lot of lying. You know you know that. it's good for the circulation. Eighty percent of all doctors will admit that a few lies. -oday will contribute to good heart health. You've heard that right. i have no it. Gets you excited. Nervous will my wife discover my secret. Letters will the irs find out. My podcast is a front for money. Laundering i mean. The medical community is divided. More research needs to be done. But it's basically been proven true lying nice on the body. It's proven jesus which woman what are you. I mean you're catching every one of my lives. Today i'm lying with great power authority and it's no match for your which he powers i give up.

Phil Co Oday Carolina IRS
Global Crime Sting Using Messaging App Sees Hundreds Arrested

AP News Radio

01:03 min | 4 months ago

Global Crime Sting Using Messaging App Sees Hundreds Arrested

"The FBI and police agencies around the globe pull off a cyber sting it was called a non a secure messaging service built by the F. B. I. designed to snare criminal groups since October twenty nineteen the FBI and other law enforcement around the world log more than twenty million messages from a total of eleven thousand eight hundred devices with about nine thousand currently active the messages on illegal activity range from drugs to money laundering to high level corruption and plans to kill people in more than a dozen countries John Jay college of criminal justice professor Adam Scott want says the chats provided police all the evidence they need it not only are they able to look at who the people are communicating with they're able to see what was said and basically have copies of all the information on your own servers some eight hundred people have been arrested in raids that netted tons of drugs fifty five luxury cars and close to one hundred fifty million dollars in cash and cryptocurrency I'm Jim acquire

F. B. I. FBI John Jay College Of Criminal J Adam Scott JIM
South Africa's Ex-President Zuma Pleads Not Guilty to Corruption Charges

The Economist: The Intelligence

01:48 min | 5 months ago

South Africa's Ex-President Zuma Pleads Not Guilty to Corruption Charges

"It took more than two decades to begin an after just one day. It was adjourned until july. Jacob zuma a former south african president was in court last week for the first major hearing of his corruption. Trial involving an arms deal from the nineteen ninety s. Mr zuma's was president from two thousand nine until two thousand eighteen until he was forced to resign after a vote of no confidence. He led the african national congress or an party which was itself involved in multiple corruption scandals. You followed the charges that have been put you now. From the indictment democratic mr zuma faces eighteen counts of racketeering corruption fraud tax evasion and money laundering. Prosecutors leveled the accusation that he had taken some seven hundred bribes feed them plead not guilty. The corruption in south africa goes far beyond one man and one administration. The case against jacob zuma is nearly as old as post-apartheid south africa john. Mcdermott is the economists chief. Africa correspondent and is based in south africa. The challenges relate to a two point. Five billion dollar deal to buy european the tree kit. To upgrade south africa's armed forces way back in one thousand nine hundred nine when zuma was deputy president. He's accused of accepting an annual bribe from the french arms company. Tyler's in exchange for protecting the firm from an investigation into that deal. Both zuma tallest deny any wrongdoing. So then how does mr zuma's respond to these charges then besides simply denying them. Mr zuma has spent more than two decades saying that the charges are false and all parts of a conspiracy.

Mr Zuma Jacob Zuma South Africa African National Congress Mcdermott Zuma Africa John Tyler
Bitcoin Is Much More Than a Speculative Asset

The Breakdown with NLW

02:08 min | 5 months ago

Bitcoin Is Much More Than a Speculative Asset

"There has been a huge amount of talk of es g. as it relates to bitcoin this week specifically obviously in the case of tesla reversing policy and no longer accepting bitcoin payments for cars because of environmental concerns. However i think that sometimes when we talk about es g we forget about the s and the g and if we want a complete picture of how. Bitcoin fits within this mindset. We can't only discuss the energy and environmental side. So today i'm reading. Alex glad scenes latest piece called. Check your financial privilege while those comfortable in the dollar bubble derived bitcoin the stories of three emerging-market users demonstrate why it is so important if you like this essay go back and check out my episode called bitcoin. Investing is es ge investing but for. Now let's get to reading in the eyes of most western elites investors journalists and academics. Bitcoin rates anywhere from an annoyance to a disaster. Just a few days ago. American billionaire charlie munger described. Bitcoin is disgusting and contrary to the interests of civilization. Warren buffet wants. The world's richest person sat next to monitor and obvious agreement. He said bitcoin is a delusion and rat poison squared and is warned that he is sorry about its rise because people get their hopes up. That's something like this is going to change their lives. Bill gates who also used to be. The world's richest person has said. Bitcoin is the greater fool theory investment. And that he would short it if he could. Hbo host bill maher skewered bitcoin in an extended segment on his show. Saying that the new currency's promoters are money. Hungry opportunists a few weeks earlier the new york times story that said bitcoin will ruin the planet financial times columnist. Martin wolf has long pegged it as quote ideal for criminals. Terrorists and money. Launderers prominent ivy league economist. Jeffrey sachs said that. Bitcoin offers nothing of social value. While former international monetary fund chief in european central bank president christine lagarde has called it a tool for totally reprehensible money laundering activity over the past decade. These financial experts. Reporters and policymakers have continuously pounded the narrative that bitcoin is risky dangerous bad for humans and bad for the planet.

Bitcoin Tesla Charlie Munger Warren Buffet Alex Bill Gates Bill Maher HBO Martin Wolf Jeffrey Sachs New York Times Christine Lagarde International Monetary Fund European Central Bank
White House Is Assessing Impact of Colonial Pipeline Hack

AP News Radio

00:54 sec | 5 months ago

White House Is Assessing Impact of Colonial Pipeline Hack

"Operators of the pipeline hit by cyber attackers hope most service will be back by the weekend meanwhile the White House says it's monitoring supply shortages in the southeast officials stressed so far the fuel supply has not experienced widespread disruptions and president Biden is directing federal agencies to bring their resources to bear he's also prepared to take additional steps colonial pipeline delivers about forty five percent of pule consumed on the east coast the attack underscores how vulnerable the nation's energy sector and other infrastructure R. my administration will be pursuing a global effort of ransomware attacks by trans national criminals who often use global money laundering networks to carry them out but it also says he'll speak with Russian president Putin about dark side the hackers responsible for the ransomware attacks are based there I'm Julie Walker

President Biden White House East Coast Putin Julie Walker
CEO of Landmark Capital, David Fisher, on Bitcoin's Recent Losses

Kevin McCullough Radio

02:12 min | 6 months ago

CEO of Landmark Capital, David Fisher, on Bitcoin's Recent Losses

"Our weekly checkup with David Fisher, the CEO of Landmark Capital, and he's committed wholeheartedly to helping you protect your portfolio. Grow your in your legacy. What you're going to leave for your family. And for your later years in life, if you if you plan now, well, you can do quite well. Down the road, and we always appreciate his insight on these Monday's David, I hope you had a great weekend. You know who didn't have such a great weekend was Bitcoin talk to me. Bit Clinton a few other kryptos and it seems to be tied into China and also gold. We'll get to that in the moment, but, yeah, Big Queen lost 15% in a short period of time less than eight hours from set late Saturday night early Sunday morning. The other Cryptocurrency, the second largest eat your ECM lost 18% so more than Bitcoin. There seems to be like three reasons why this is happening, Kevin. The number one reason for the plunge is what a lot of people have been talking about. Analysts. The economists are saying the crypt of currency market just Huge with frostiness and well, overvalued. I mean, there's a coin last week on and I'm not endorsing any certain around a Cryptocurrency but do going it's sort 400% in a week, so that's just huge. The second reason is ah. It's unverifiable report, though, was put out on Twitter that claimed that the U. S. Treasury was looking into charging several financial institution. For using crypto currencies and also from money laundering. There is a movement by the iris just to let everybody know called Operation Hidden Treasure, which coincides with this. Ah, unclaimed report on verified So that is a real thing that the iris is coming down on people laundering money and not paying taxes on Cryptocurrency. And the third reason why this just might be is run the aftermath. All we talked about last week Queen Base when public on the NASDAQ and it ran up, and now it's just this is kind of like the hangover. That's happening s o, But there's people out there saying, you know, Bitcoin is is going to be with us to stay, and it's also competing against the US dollar. Well, and

Landmark Capital David Fisher U. S. Treasury Clinton David China Kevin Twitter Bitcoin United States
"money laundering" Discussed on WMAL 630AM

WMAL 630AM

08:21 min | 1 year ago

"money laundering" Discussed on WMAL 630AM

"Also Are you doing anything to modify your regular Halloween festivities? Because of the covert 19 and and such? I'd love to hear your ideas because you might help. Another family that's struggling with that two triple 86 30 a M A. L in just 10 minutes. We're going to check in with 1600, Pennsylvania. One. Dr John Fleming, working on Operation Works pee to get that vaccine for Corona virus mobilized in fast track, and we'll get the latest on that. Turning us right now, old friend James Rosen. Teams erosion I'm campaigning. It's happening. It's contagious. James James Rosen, the national investigative reporter for Sinclair, Broadcast Group, A New York Times best selling author. Of course you can find him on Twitter. James Rosen TV, James, Thanks for joining us great to be back with you, Larry. Thank you had a bit of a scoop there, didn't we Yesterday? You could say that, Um do you want me to reprieve for the battery? I mean, well, listen, when I saw you jump on it on your social media footprint. We certainly conveyed the information yesterday. But suffice to say you have confirmed now that the justice of the F B I has had an active criminal investigation into 100 Buy Nana's associates over. Money laundering in this state. Spect If you pick it out, exactly when in 2019 this started looks to have been late 2019. But again. The key fact here is that These allegations of money laundering against Hunter, Biden and his associates are the subject of an active and open investigation by the FBI. A criminal investigation and we have some indication of the scope of the FBI's investigation. If you go to my Twitter feed at James Rosen TV, I literally just moments before coming on the air with you, Larry uploaded my follow up story to yesterday's reporting. This is based on our interview with Tony opulence of the former business partner of Hunter, but Who told us about his five our investigation by the FBI one week ago today by up to six FBI agents at one time, along with his legal counsel in the room on where they listed him as a material witness in this ongoing investigation and extracted the data from the three cell phones that Mr Bobby Linsky brought along. He told us in this interview that the team of FBI agents who interrogated him were interested and deeply attentive, not just on 100 Biden's business dealings in China. Which is the subject of so much discussion right now, but also 100 Biden's business dealings in Ukraine, which, of course, was the subject of the president's impeachment proceedings earlier this year, um and as Mr Bobby Linsky put it to me, Um, When I asked him to the FBI expressed interest in Hunter Biden dealings in Ukraine, he said, I can assure you that the agents in that room when we walked through the text messages were Hunter Biden outlined he's on the back of the he's on the yacht of the founder of Dorismond, the Ukrainian natural energy firm in Monaco that the agents were full attention, taking extensive notes and asked multiple questions. So it shows that the scope of the FBI investigation into 100 Biden and his associates Truly is global on a yacht with the Ukrainian head of charisma in Monaco, a truly a man of the people here, James Rosen, that your picture, you're painting. Ah. Do you know it? Was it just FBI agents in the room or did did Mr Bo Belinsky reveal Or does he know if there was actually a prosecutor from the Justice Department? A cz. Part of this investigation are part of the questioning as well. I know more about how this interrogation unfolded. Then I'm at liberty to report But in terms of the personnel in the room, he only made reference to, uh, the six agents. One of whom is pretty high ranking on DH and to his council, Okay, and also Jason. This is very important as well, because, as we have learned over the last several years, if you're sitting with FBI agents for five hours and you make a false statement, you are now on the hook. So for for Mr Bubble in ski to put himself through this situation And provide all this evidence. It's certainly lend some level of credence to the veracity of his of his testimony well, and I'm told that there was no discussion at all of immunity because he's listed not only as a material witness In this ongoing criminal investigation, but as a co operative one and there is no thought I'm told on the part of any any parties to this that Mr Bob Belinsky did anything wrong and also lends credence to his testimony that he willfully sat for the interview and that he Provided his three cell phone devices from which the FBI diligently extracted the data. So since I went public with my reporting yesterday, confirming again from the Justice Department source that the FBI opened a criminal investigation into 100, Biden and his associates focused on money laundering allegations back in 2019, and that this investigation remains open and active. There. There's some important things to note. Larry, number one. The Biden campaign is not challenged. My reporting were disputed it or responded to it all. The number to the Department of Justice hasn't Disputed my reporting. Nor has the FBI. Um, where I have faced some pushback, as you might imagine, would be in the glorious realm of social media on DH, You know, even if it's not enough for you that I have a long record of of accomplished reporting in Washington, if you if you're unpersuaded by my dependent on a AH, Department of Justice, Anonymous official You still have to ask yourself and because my colleagues in the media To to ask as well. Why would the FBI spend five hours and devote the resources of six agents some of them experienced in the in prosecuting cyber crimes? To the interviewing of Tony Bobby Alinsky. As we know, Larry. The FBI is not engaged in the business of fact checking claims made on debate stages, right so It would. It would seem to me that the reporters out there who cover the Department of Justice for a living who covered the FBI would want to know why that kind of that volume of resources was invested in this questioning. Of this individual and again, um it's not a crime to lie on the debate stage, but the FBI is concerned with investigating potential felonies well, and your colleagues decisions to challenge your reporting and spend time and energy on your reporting rather than actually spending time pursuing what is obviously a rather important story in a news worthy story just boggles the mind, sir. But but listen, the The amount of time they don't spend on this story means that the James Rosen's of the world they're going to get these great exclusive, so I'm glad I'm glad they're you know, allowing you to own this story, James because you're doing a great job with it. One other question on this and that has to do with the nature of money laundering because you know, money laundering is is used in so many different contexts. Are in this term money laundering could be the you know the and, well, first of all, do you know any more details about specifically what kind of money laundering concern of the FBI is looking at? So first we want to stress that Hunter Biden has not formally been accused of any wrongdoing. The same of course, is is can be said for former Vice President Biden. The crux of the allegations here, however. Center around the fact that the former vice president Biden, the Democratic presidential nominee, has stated many times on the record that he had no knowledge whatsoever off his sons. Overseas BUSINESS DEALINGS. Mr Bobby Alinsky's account. Of personally meeting with Joe Biden on his son's business dealings on the wealth of digital evidence that has surfaced in this case suggests that the former vice president Might not have been truthful about that, Um, in terms of the kinds of money laundering concerns. Generally speaking, we should say, for the benefit of the audience that money laundering refers to when a ninja visual or a corporation, let's say, uh, takes illegal steps to to conceal the origin..

FBI Hunter Biden James James Rosen Justice Department Larry Joe Biden Biden Tony Bobby Alinsky Twitter James Rosen TV Mr Bobby Alinsky Mr Bobby Linsky Mr Bo Belinsky vice president Pennsylvania Mr Bob Belinsky
"money laundering" Discussed on 600 WREC

600 WREC

01:59 min | 1 year ago

"money laundering" Discussed on 600 WREC

"So I want to play some audio from Rudy Giuliani he was on waters world on fox on Saturday night and here is what he said I have what I used to call when I was US attorney a smoking gun this is a money laundering transaction ID card just at the time the show can was fired and it's about fourteen point six million and it this is a notice from the Latvian government you shoot to the Ukrainian government that hunter Biden is under investigation for corruption corruption affair and then it lays out I'll simplify it fourteen point eight million goes from Ukraine to a company in Latvia uhhuh disguised as a loan then it goes from one to another company this guy's isn't alone in in Cyprus and then it goes to the U. S. we lose track of it because when show can get to it just about the day's fired there's no money in here for Devin archer and then how to bite so this is the document that I showed you last week Rudy guiliani is releasing this now we release this last week this went to senator Grassley's office what was it on Friday morning and they are investigating hunter Biden now for money laundering this is the prosecutor's office from the Republic of Latvia office for prevention of laundering of proceeds derived from criminal activity this was sent to the Ukrainian F. I. you that's the financial intelligence unit the subject is very small holding limited let me just read it to you it says dear colleagues the office for prevention of laundering of proceeds derived from criminal activity further in tax Lafayette of the lot the N. F. I. you is currently investigating suspicious.

Rudy Giuliani Latvian government Ukraine Latvia Cyprus Devin archer hunter Biden prosecutor US attorney senator Grassley Republic of Latvia
"money laundering" Discussed on KCRW

KCRW

01:39 min | 2 years ago

"money laundering" Discussed on KCRW

"The conspiracy and money laundering charges. Carry a maximum sentence of twenty years each in federal prison. Meanwhile, fellow actor Felicity Huffman has agreed to plead guilty to a fraud charge. Paying fifteen thousand dollars oldest daughter's answers corrected on the SAT college entrance exam. Prosecutors are expected to recommend a roughly four month long prison term four Huffman, although her attorneys will likely argue that she be spared any time in custody. Today doesn't just the deadline for your taxes. It's also the last day for candidates to tell the Federal Election Commission. How much they raised and spent in the first quarter of the year. And the results are coming in California's junior Senator Kamla Harris, raise twelve million dollars. Second only to Bernie Sanders es KCRW Caitlyn Plummer reports. Harris leads the pack when it comes to large. Hollywood donors. The Harris campaign reports that the money came from two hundred eighteen thousand individual contributions Harris lives in L A, and she's been a longtime favorite of Hollywood and L A times analysis found she's collected more than one point seven million dollars from the entertainment industry in the last decade. Her top supporters through multiple campaigns include Steven Spielberg, Chuck Lori and Jj Abrams. Newcomer people to judge has also been getting some attention from Hollywood the south bend, Indiana, mayor came in third in first quarter fundraising at seven million dollars with donations from actors Mandy Moore. Four and Ryan Reynolds, James Murdoch. One of the sons of Fox News mogul Rupert Murdoch. Also donated just under three thousand dollars to the Buddha judge campaign. President Trump for his part has raised thirty million dollars in the first quarter of the year..

Senator Kamla Harris Felicity Huffman Hollywood Federal Election Commission Rupert Murdoch Bernie Sanders President Trump Steven Spielberg Caitlyn Plummer Jj Abrams fraud Fox News California James Murdoch Mandy Moore Ryan Reynolds Indiana Chuck Lori seven million dollars
"money laundering" Discussed on 860AM The Answer

860AM The Answer

01:52 min | 2 years ago

"money laundering" Discussed on 860AM The Answer

"Commit money laundering today at a federal court in Boston. He faces up to twenty years in prison and a quarter million dollar fine. That's correspondent Matt small a fierce storm that's pummeled parts of the plains and the upper mid west whipping up high winds and dumping lots of snow is in through the region. Just yet they are still looking for additional snows across the northern plains into the Mississippi valley. So again that'll be the eastern Dakota's on Fridays. Well, Minnesota northern Wisconsin and western upper Michigan redirect Brian Hurley at the storm prediction center. Authorities say that travel is difficult if not impossible urging people to stay at home or many many power outages as a result of the storm Wall Street Dow futures up two hundred thirty nine points, head of this morning's opening bell s and p futures better by eighteen NASDAQ futures up thirty nine. More on these stories at townhall dot com. When it comes to your pain. Many of you might be skeptical black. I was about ordering relieffactor Pat Boone again for this wonderful hundred percent drugfree supplement designed to help you own body lower or eliminate occasional aches and pains due to aging exercise everyday living. I'm not skeptical any longer the three week quickstart is now discounted only nineteen ninety-five. Why did you let us see if we can get you out of pain to at relieffactor dot com. Lows knows. You're the Gardner who does it right to make your flower and vegetable plants thrive, we do it right to with deals like five bags of miracle grow all purpose Cardi soil for just ten dollars during our spring black Friday sale growth, delicious, vegetables and verbs and save on Bonnie plants now four for ten dollars fine, spring black Friday savings like these throughout the store, but hurry because won't last long. Do it right for less. Start with Lowe's. Offers valid through four seventeen in Alaska. Hawaii Bonnie offer valid.

Pat Boone Mississippi valley Boston Dakota Matt small Brian Hurley Alaska Lowe Minnesota Gardner Michigan Wisconsin ten dollars hundred percent million dollar twenty years three week
"money laundering" Discussed on KNST AM 790

KNST AM 790

01:52 min | 2 years ago

"money laundering" Discussed on KNST AM 790

"Cleaning house. I'm Lisa lacerra, Fox News. President Trump denying the departure of homeland security secretary cures to Nielsen as part of a wider effort to overhaul the H as he talked about his choice for acting secretary. Kevin mclean. Jevon is going to do a fantastic job. He's acting. I think he's going to do a fantastic job. And we're not doing anything very big as far as what we need own land security. That's exactly what we want. Yesterday was announced the head of the secret service Randolph Tex Alice was also stepping down and acting deputy homeland security secretary Clare Grady has offered her resignation effective tomorrow. It was supposed to be run of the mill hearing. But the attorney general face tough questions from lawmakers on Capitol Hill this morning, lawmakers use the annual Justice department budget hearing depressed, the attorney general William bar on the time line. This process is going along. Very well. Well, Democrats want all special counsel, Robert Mueller's findings the attorney general made clear he is bound by the law. Grand jury material classified information ongoing investigations and the privacy of individuals not charged will be publicly withheld oxes, Catherine Herridge in Washington and other celebrity couple facing a judge in the massive college cheating, scandal, relaxing and husband designer Massimo. Gianola are facing a new money laundering charge as the couple with fourteen other parents were indicted in the college admission bribery scandal. Unday Felicity Huffman and thirteen others agreed to plead guilty to conspiracy to commit mail and wire fraud and indictment. Brought Tuesday adds a charge of money laundering conspiracy against the couple. Which could mean these parents are intending fight the allegations against them. Fox's Michelle Pollino, Felicity Huffman. Schedule appear in court next month plead guilty to having a Proctor rig her daughter's college entrance exam..

secretary Felicity Huffman Jevon attorney Fox News Nielsen Kevin mclean Lisa lacerra President Trump Randolph Tex Alice Clare Grady Catherine Herridge Robert Mueller Justice department Fox special counsel Washington bribery Michelle Pollino
"money laundering" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:29 min | 2 years ago

"money laundering" Discussed on Bloomberg Radio New York

"Payments, money laundering who will news twenty four hours a day on Aaron tick talk on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty. Countries in San Francisco, I'm Ed Baxter. This is Bloomberg our guys back to you rich. Thanks. I love that. Let's get back to the Bloomberg interactive brokers studio in New York where John Johnson guess for the first half hour is too with his funded managed trimtabs asset management. If you had to take one conviction out that market wise it Janet what would it be? I think that the US economy is improving it's gonna be stronger than people expected earnings. We're already seeing expectations for earnings taking up a little I think they'll be better than expected, and hopefully we'll get a trade deal with China. Those are the potential catalysts a lot of the conversation today in market centered around slower global growth, we had the IMF adjustment in terms of their outlook to the downside escalating trade tensions. Do you think that that we are overreacting to signs of weakness in the Connie's whether it be here in the states or in in China? Well, the fourth quarter was clearly a reaction, but what we are seeing in statistics that the services PM is pretty strong globally, an employment as strong globally, even though a Connie's. Our GDP is slowing. And we think that maybe Greenspan was on something when he said the economy is getting wider. They're just more. More more experiences services in less stuff. That's being moved around. What did you think the next would of worry is going to be? I mean, we awaiting through catalyst of some from the other on we could get that. If we get a trade deal some of that, of course, may well already be priced in. But the thing is how close are we to perhaps as a mole gonna say more radical slow down in the US rather than what seems to be the moment of bit of a slow puncture? I think that the surprise is to the app side the fourth quarter was clearly an overreaction. There is no recession. There were a lot of things in the first quarter to hold numbers down. There was the slowdown. There were that games have companies that were in -ticipant tariff. So they were frontloading products in the fourth quarter. And said they would have higher levels of inventory and the first quarter. I think that that kinda me is probably better than people expect. So then given that is there a risk that interest rates may begin to tobacco up a little bit might the fed decide later in the year that it's important to to raise rates, they might wear encouraged that the fed is is showing more flexibility and just looking at the risk and the data step-by-step more in real time than having a set path that they want to stick to and terms of inflation. You'll we we have seen crude oil prices rise, commodity, copper and other industrial prices increase. That tells us that China's probably okay, the economy is probably okay. We're not that concerned about inflation there. Several factors holding it down mainly. Technology and competitions. We're in a bit of Goldilocks spot here. Well, this is pretty good news. We are in a Goldilocks may I not too hot not too cold here as well. Just send us about some of the companies, you're looking at a globally, speaking, etc. That you actually do like like quality companies with strong free cash flow growth, very quickly. So we like yum, China they're growing at their fastest rate and thirty years Lululemon, Estee Lauder internationally and to pan Oriental Land Shishido Nike and the US. Starbucks and two of our favorite names are Alibaba and Amazon is beautifully short and concise that jettison agenda Johnson, the fully managed trimtabs asset management.

China US John Johnson Bloomberg Bloomberg interactive brokers San Francisco fed Twitter Greenspan IMF Ed Baxter Connie Aaron Starbucks Janet Lululemon Estee Lauder
"money laundering" Discussed on KTLK 1130 AM

KTLK 1130 AM

01:33 min | 2 years ago

"money laundering" Discussed on KTLK 1130 AM

"Parents facing money laundering charges in addition to wire and mail fraud. They're accused of paying to get their kids into college. Some as recruits were sport. They may never have taken part in as they fight to stay out of jail. There's also a legal accusation of unfairness defense attorneys say prosecutors are shopping for favourable judge by adding them to an already existing indictment. This comes a day. After actress, Felicity Huffman agrees to plead guilty in the case. She'll officially enter that plea next month leaf, thanks. Thanks colonel. The US attorney general tells lawmakers some of what they want from the Russia probe is coming soon. Appropriations subcommittee is a chance to review the Justice Department's budget requests. But chairman democrat Jose Serrano made clear from the start this attorney general we could not hold this hearing without mentioning the elephant in the room that elephant is special counsel, Robert Muller's report on Russian election interference. Attorney general William bar tells lawmakers a red acted version we'll be ready for release within a week. And then I will engage with the chairman of oath judiciary committee's about that report about any further requests that they have bars reductions what protect ongoing prosecutions intelligence sources and privacy Jared Halpern on the hill. President Trump downplaying the personnel shake-up at homeland security, and we're not doing anything very big as far as what we need homeland security. That's exactly what we want the White House meeting with Egypt's president today. President Trump also accusing Democrats.

President Trump Felicity Huffman president chairman special counsel attorney US attorney Justice Department fraud Jared Halpern Robert Muller Jose Serrano White House William bar Russia Egypt
"money laundering" Discussed on Planet Money

Planet Money

04:01 min | 2 years ago

"money laundering" Discussed on Planet Money

"Services to drug dealer. It was a busy place with established rates for doing this kind of thing we were competing against other money pickups. So skip says, I'm gonna charge. You nine percent will then you come to me while I'm gonna charge you eight and a half and you go back to skip and says, I got somebody eight and a half. He's all cow charge eight you're in a competitive marketplace, very competitive market, and we had to make sure we were not so cheap to be suspicious, but not so high that we wouldn't get customers Where'd spread and soon more and more orders were coming in which for Bill and skip meant more information. What what are the tricks that I always laughed at when when skip order to find out who the true owner the money was he would delay by twenty four hours and setting the money, and then we'd get telephone calls and find out. Oh that that person comes out of the woodwork. When it looks like that the money may be in jeopardy. We picked up more information by being a bad Bank who who didn't handle money quickly and effectively. That's high net worth individuals. I net worth individuals. Yes. In in risky adventures, Bill and skip or winning. They had tricked drug dealers. They'd gained their trust. They had them right where they wanted them. But at the same time Bill and skip were becoming more and more aware that they weren't fully understanding the money laundering scheme that they were taking part in like there were constantly things that didn't really make sense they'd pick up money off the street, and then they'd be told to wire it not to Colombia where the drug traffickers were. But to some legitimate American business that was selling like tractor parts or something it was all very confusing. There were a lot of smart people involved in that end of it ex bankers money brokers that have been doing this for generations. And it was to me the complicated system. What billon skip were uncovering is now called the black market peso exchange system is a series of cleverly disguised money transfers to convert the drug money that was stuck in the United States into pay. So's back in Colombia it worked by hiding the money in the normal flow of trade and payments for things like tractor parts. So Bill Inskip were nearly there. They were inside this complicated. Marketplace and close to figuring it all out until at one moment. They came extremely close to being discovered not by the drug traffickers, but by their own people by US Bank regulators. So I have to say David, we don't spend a lot of time in the show talking about how Bank regulators are doing a great job. But in this situation, they did exactly what you want. Bank regulators to do regulators at the office of the comptroller of the currency. This is it US regulatory agency that regulates banks they showed up with some questions about this RA gem trust Bank hidden security. Call me up and said come on over here. The OCC is here, and you're auditing your account you better get over here right now into I walked over there. Talk to the. Order talk to the what did you tell them? I told him that he had uncovered a a covert government operation. Congratulations. And please don't tell anybody. And he said he stopping the audit right then and there, and I by the time, I got back to my car. I got a call from the OCC supervisor saying they were in a processor shredding their notes and everything else that copy, but they had already notified the OCC in Washington in Washington. The next boarding was going to send a fax out to every oh see Bank in the world or in the United States, notifying them that are gem. Trust Bank was not a Bank to do transactions with. But what happened? And so they were going to end up. This fact, stop the facts we got there in time. They stopped the facts and menu cover with almost blown. They're almost within within twenty four hours. We would have been in trouble. We we live in stopped. I trust Bank existed for a little less than a year and the drug guys never figured it out in the end the thing that killed the bang..

Bill Inskip Trust Bank OCC United States David Colombia Bank supervisor Washington comptroller of the currency twenty four hours nine percent
"money laundering" Discussed on Planet Money

Planet Money

02:06 min | 2 years ago

"money laundering" Discussed on Planet Money

"Bank was finally approved that champagne. Federal facility that's apple juice. Heckling. Billon skipped it everything. You have to do for a Bank before it opens. They printed up brochures, the made some official king ID's and fake business cards, but their Bank was very different from every other Bank in that their plan was to turn away almost all potential customers. It didn't set up branch offices. There are no ATM's no smiling Bank. Tellers just one office in Atlanta with a telephone and a fax number. We didn't want to deal with anybody else's money, except the drug traffickers, you'd want ordinary people coming in Santa like to open a checking account, and you're like, we're not real Bank. Exactly bill. Skip were in business and the way it would work is that the drug traffickers would have this cash that needed to be deposited. So they'd facts are H M trust and account number and they send him a beeper number. Yes. Faxes beepers. Remember, this was the nineties. So then whoever's going to pick the money up Coles, the beeper the guy calls back and says meet me at XYZ street corner at ten o'clock tomorrow morning. And what kind of car are you going to be in? I'm going to be in a blue Chevy. It's supposed to give them a code word that you'd be very something. Very simple this. I have a package for Amanda, then they would call meat and a package would be exchange usually suitcases or packages from trunk to trunk in a public place. It's amazing. How this is just like every cop show I've ever seen except that. Usually the government isn't helping the bad guys launder drug money. Well, what happened next is Bill and skips guys would take the cash to a local Bank deposited into an account owned by gem trust Bank. And then why are the money to wherever the drug traffickers wanted it sent to and it all worked the drug people were very happy with our Agem trust Bank billon skip we're getting closer. There were learning. All this stuff about the money laundering world there. They are wandering around this dark place. And they started bumping into all these other people who exist in the dark like, for instance, turns out they were not the only ones offering financial.

Agem trust Bank gem trust Bank Billon apple Bill Chevy Coles Atlanta Santa official Amanda H M
"money laundering" Discussed on Skullduggery

Skullduggery

02:44 min | 3 years ago

"money laundering" Discussed on Skullduggery

"We are now joined by John Ward. John welcome to skulduggery Jackie guys break to be on. We were all fascinated by a mitt Romney's op Ed in the Washington Post the other day in which he clearly a staked out ground as the anti-trump Republican. Maybe that's going too far. But he did say the president's character falls short. And he wrote some pretty extraordinary things saying that he wouldn't comment on every Trump outrage. But would then these are his words speak out against significant statements or actions that are divisive racist. Sexist anti immigrant dishonest or destructive to democratic institutions. Well, Mitt Romney had two choices and most people who are elected to the Senate just still predominantly male. But so most people, you know, elected to the Senate come in. And I think the most famous example of this in recent memories, Hillary Clinton, she came and she kept her head. Down. She paid deference to more senior senators and she learned the ropes of the institution. It's not keeping your head down. What Romney did this is not keeping his head down. And I think, you know, the the reason is that the moment is a very different moment. You know, I think for somebody like Mitt Romney. He feels the stakes are pretty high right now. And I think he does have a pretty visceral dislike for Donald he's. So let's get face. Let's cut to the chase. John this about mitt Romney's legacy. Or is this about Mitt Romney running for president or both? Well, I think I think it's too early for to talk about him running for president. And I think much more so than somebody like we were just talking before we came on about Cory Gardner from Colorado. He's somebody who could end up joining with Romney if things really go south for Trump and there's debate over impeachment. In the Senate somebody like Cory Gardner, he's in his forties. He has to worry much more about his political prospects. Romney doesn't have to worry so much about that. Because he's older and he's accomplished more. I do still think he would jump at the chance to run for president though. And so it's in the conversation, but so much has to happen between now and then between now and twenty twenty or twenty nineteen in the next year. Really? All right. We're for that to happen. It's it's I think it's premature. Yeah. I agree. I don't wanna make too much of this idea that that this was about a possible presidential run. But I will just the last thing on this. This particular point is we had a conversation yesterday in which you made the point that it was actually Mitt Romney who made it part of the conversation..

Mitt Romney president Senate Cory Gardner Hillary Clinton John Ward Washington Post Jackie Trump Colorado Donald
"money laundering" Discussed on Skullduggery

Skullduggery

04:16 min | 3 years ago

"money laundering" Discussed on Skullduggery

"I would like to see though, some effort to make sure that the president doesn't escape an indictment because the statute of limitations runs because of a DOJ policy that, you know, professor president from being indicted that's fixed that congress could make a your Andrade -ciary is that legislation that you could pass legislation. I do in my staff is pursuing you know, how legislation that would allow that would make an exception to the statute of limitations if DOJ policy for the in the interests of the country, like not indictments of you sending after the person's office. He could be indict. Yeah. Can't change the current DOJ policy. A very very last quick. Also, Michael Theresa's, you don't want. You don't want the you don't want somebody to see their re election as also, you know, they're not only winning escaping, criminal liability. 'cause you know, God knows what they would do to try and win an election with the resources they have at their disposal as president two more quick questions. I you're on judiciary. Are we gonna see Matt Whitaker testifying Burr shortly before the committee? I know chairman Nadler is pursuing that and has not gotten the cooperation that he wants. And again that may mean that you know, he's going to have to be subpoenaed. But I I think Matt Whitaker, and I've said this from the beginning was hired for all the. Reasons he was brought in essentially as a fasten to take out the molar investigation. And we need to understand just you know, what conversations he had with the president while he was the chief of staff to Jeff Sessions. And you know, what promises if any he's made to the president? And finally are you still considering running for president? Yes. Yes. I am. I'm going to do my job. Where would you like to do? So right now. That's right. Well, I mean, do you my job in the first one hundred days, I, you know, also I'm gonna continue to go to the places where you go to you first of the nation states of Iowa, New Hampshire, Nevada, South Carolina. And I still believe that, you know, the country wants someone who believes that the promise of America is if you work hard, you do better for yourself dream bigger for your kids. But also know that it's not fulfilled everywhere right now and just coming up in a family where my dad was a cop, and my mom still works today. I saw at work for us. But I think I have an idea of how we can make it work. Let me everywhere that I'd do it. I've got two kids under two probably why wouldn't do it. But no, I I'm still very much pursuing that decision. You might be the first presidential candidate with two kids in in diapers. Let me just ask you or one very hope that they hope developed let let me just I know we gotta go. But are you more likely to run than? The knots run at this point, I'm gonna make a decision soon. Again, I think I could make a difference. But I also think I could win and most importantly, I wanna see our country come together. But you know, yesterday, I helped my daughter on the house floor for three hours. You know is Nancy Pelosi became speaker. And I had great appreciation for what my wife does for twenty four hours with a nineteen month old and a nine week old and taking your family through that you know, is a lot. But they're up for the sacrifice. And you know, we're getting close to making a decision. Well, we're up for having you back when you were an announced presidential candidate. And then we have really dig deep if us here. Thoughts on the world. And you could even have your kids on your lap. If you like, that's right. So what do you make of that? I I heard a lot of news in that interview. I yeah, I think so I think on on a number of fronts. I think first of all it was interesting that he said that sort of straight off the bat, the committee would pursue money laundering allegations against Trump and the Trump business civically mentioning Deutsche Bank, which was the lender to Trump and has been of course, caught up in a lot of other money laundering allegations in the past. That's an area that we don't think Muller is necessarily pursued aggressively. So that's a whole new line of inquiry. Right. But you know, this strikes me as as problematic on multiple fronts..

president DOJ Matt Whitaker Nadler Jeff Sessions Trump Muller Nancy Pelosi Andrade congress Michael Theresa chairman America professor chief of staff Burr South Carolina Iowa
"money laundering" Discussed on Skullduggery

Skullduggery

01:49 min | 3 years ago

"money laundering" Discussed on Skullduggery

"Are you simply going to wait for Muller and his report or are you going to move ahead and call witnesses who have already been sentenced now and pled out like Michael Cohen, first and foremost, Michael Flynn. Although his sentencing was delayed certainly is case has now been fully processed. Are you going to start out calling some of these witnesses? So, you know, Michael, I I can tell you we want the public to know as much as they can. And I I think this will be different than the underground meetings where the transcripts have still not. Not been released, you know, from the past congress, and hopefully those transcripts in this new congress will be out very very soon. So again, I I don't want to speak for Mr. Schiff. I just know that you know, from his statements to us and statements publicly he wants to be a lot more transparency. And I think the nation will learn and benefit from hearing from some of these witnesses who did have insights as to what was the president's knowledge. What was his direction? Did he say no don't do that? We don't work with the foreign adversary. Or was he giving those offerings a green light? Have you had communications with molars office about whether they would object to you calling Michael Cohen, and Michael Flynn or any other key witnesses in the Russian investigation to that. I cannot say yes, or no one way or another. I love to go into that. But I just can't go there congressman one of the things that you frustrated about and you've expressed this is that when witnesses have come up before the committee, the Republican. When they were in the majority essentially toll these witnesses that they didn't have to answer certain questions and one I'm thinking of is Jared Kushner talked before about money laundering about being compromised by the money that was coming in Jared Kushner could answer a lot of those questions are you going to call him back. Well again..

Michael Flynn Michael Cohen Jared Kushner Mr. Schiff Michael congress Muller congressman president
"money laundering" Discussed on Skullduggery

Skullduggery

04:28 min | 3 years ago

"money laundering" Discussed on Skullduggery

"I can just kind of support what he has already said publicly, which he does believe there's reason to pursue the money laundering line of inquiry here. Now, I also don't want to speak with him as far as the tactics of doing that. But the practice from. Our side has been to seek information voluntarily. I I think that's always a good practice. Not to come in. So hot with subpoenas. If people are willing to cooperate take their cooperation and don't make it. So adversary oil if they're not willing to cooperate, and it's information you can't obtain anywhere else. Then. Yes, you do have the power of subpoena. And then it was far as how many years back. Does it go? Well, we know that you know, you have evidence in the early two thousands of of Trump properties being purchased by Russian. So the Trump interest in Russia and the Russia interest in Trump does go back decades. And from my perspective, I would want to know where did the financial compromise begin? What was the Genesis of that? So specifically, then you begin with letters to deutchebanks and the Trump organization asking for their records about the case of the Trump organization and transactions with Russians or Russian institutions and deutchebanks about all their loans to the Trump organization. So that could take quite some time. If you're starting out with letters just asking for their records, you're not likely to get instant cooperation, certainly from the Trump organization, so walk us through how you expect this to be playing out. It's not going to happen in a CSI. You know episode. Unfortunately, you're talking about years of records years of relationships that the Trump family has had, but it's more important. I think to me and members of the committee to get this right and to be comprehensive than to just pull one thread that is fizzling and scores ahead. Online. And curses the president that I don't I don't think any of us are interested in doing. I think we want to have a comprehensive picture of whether or not the president is financially compromised by the Russian. But if you if you start out with a letter asking for the records of the Trump organization, you know, that's crossing the president's red line. It's immediately going to blow up he'll respond in Twitter. They're not going to cooperate. And it'll immediately look like exactly what you say. You don't want it to look like which is an investigation aimed directly at the president not to speak for Mr. Schiff and the tactics used, but we believe that there's good reason to look at whether there was money laundering, you know, through the Trump organization, and whether it's voluntary letter or subpoena, we are going to seek to follow evidence that is already out there. Congressman let me ask you about an investigative step that I think the committee could take immediately which is which relates to the Trump Tower meeting, which I think you referred to before one of the kind of lingering. Mysteries about that episode is the so-called blocked telephone call Don, jR, making a phone call to a block number some suspicion that he was calling Donald Trump his father, and that he was informing him about this meeting or reporting back to him about it. So that's information that the Republican majority on the intelligence committee did not pursue you can pursue it. You can get it from the telephone company really quickly. Are you doing that? We should pursue it. And we laid out in our minority views that's evidence we want. So I think you can assume it that will be. Here's my fear because I don't wanna see expectations, you know, through the roof here, and we're not able to deliver as a former prosecutor, I know that, you know, telecommunication companies they don't hold these records ad infinitum. They actually just ended orderly course of business destroy records. And oftentimes that's six to twelve months after the record is. Made. So my fear is that inaction by the House Republicans will limit just exactly what we can obtain as far as text messages cell phone calls that were made. So, but you know, I that is one that we want to get and I think, you know, what the president knew from his son about that meeting is critical to our understanding of what they intended to do with the Russians how about hearings into the core matters in the Russia investigation itself..

Trump Donald Trump Russia Trump Tower president Mr. Schiff prosecutor Twitter Congressman Don twelve months
"money laundering" Discussed on Skullduggery

Skullduggery

03:56 min | 3 years ago

"money laundering" Discussed on Skullduggery

"We're now joined by congressman Eric swallow. Well, a frequent guest on skulduggery. So congressman welcome back. Yeah. I think that so how does it feel to be in power? Well, you You know, know it's it. liberating for the last two years, frankly, have felt quite powerless, especially in the house intelligence committee, where we just saw the shovels come out every time, you know, new evidence was discovered in the Russian investigation, and they just sought to bury it, and so it just feels like the voters gave us the ability to unearth that evidence, and, you know, bring it to light for the American people, and I'm excited about what that means for the job that we have to head. Well, look, we are very focused on those issues on skulduggery here. So let's get right to it. You're on both house Intel and judiciary two of the most important committees for investigating all matters relating to the president. Give us your sense of what the agenda is going to be right off the bat for both Intel judiciary where do you want to see the committee's begin? Where do you wanna see the investigations to unearth all that buried material? To start well with the Russian investigation. You know, we don't we don't wanna be redundant. We don't wanna do anything that Bob Mueller is doing. But there are a lot of lines of inquiry that we don't believe Muller is going to pursue particularly money laundering. So we will open up a money laundering inquiry as to whether the Russians were laundering money through the Trump organization at to use a prosecutors phrase, I think we have probable cause to do that based on the Trump's own the Trump families own admissions that they had money coming in from Russia, then we will fill in the gaps where you know, we tried to follow evidence and either the Republicans would not subpoena Bank records hotel records. Telecommunications logs, and we will subpoena those logs, and then we're witnesses came in and stood on you know, made up or invented privileges. You know, we will force their hand on those issues and be willing to litigate where the Republicans were not. So I'm again, not going to be redundant not seeking a pound of flesh. I think just filling in the color where we were not allowed to go in the past congressman, let's just flesh out this for a minute. The money laundering allegations were suspicious you're talking about. I think you're talking specifically about Deutsche Bank, which was the president's lender before he was president. So talk a little bit about that. And tell us what that probable cause is. So I think you have both sides here of the ledger. You have the lend d-, you know, the the Trump organization who has received loans from Twitter Bank. They have said that they've had money coming in from Russia. And then you have the lender Deutsche Bank who's been fine in the past for laundering Russian money. I think that was through the new York Attorney General. So there is good reason to look there knowing the eagerness and willingness that the Trump team whether it was the business side with Michael Cohen and Felix sater's trying to do a business deal in Moscow or the political side picking meetings from Russia. Who are offering to provide dirt. So I think there's reason good reason to look so what does this mean in practice? You say you want to open up a money laundering investigation starting with Deutsche Bank. So subpoenas to Deutsche Bank and the Trump organization for their finances going back because a lot of the a lot of these transactions took place ten years ago or longer so give me an idea specifically of what kind of are. We talking subpoenas exactly to who. And one more matter. Do you have chairman shifts consent on this is he on board with going in this direction right off the bat. So I I I don't want to speak for chairmanship..

Russia Deutsche Bank Trump congressman president Intel house intelligence committee Eric swallow Bob Mueller Michael Cohen Muller Twitter chairman York Moscow Attorney Felix sater ten years