Abu Dhabi - 5th Annual Financial Crimes ConferenceJuan Llanos
This pioneering seminar attempted to elucidate the rise, purpose, operational intricacies, societal benefits and multiple risks of Bitcoin and the emerging breed of alternative digital currencies. For the first time in history, Bitcoin allows individual consumers to make payments and move funds securely, completely outside of the traditional financial system. In recent months, there has been a lot of hype about the risk of virtual currencies, but not much explanation about how they work and what the real risks and also societal benefits are. In this session, regulators, executives and risk managers had the opportunity to learn how Bitcoin and other digital currencies work, what the true risks are and what can be done to both manage the risks and exploit the opportunities.
STATE REGULATION CHANGES THE GAME FOR BITCOIN SELLERS IN NEW HAMPSHIRESteven Rhyner
If you sell or trade bitcoins in the state of New Hampshire, you’ve probably heard the big news: as of January 1st, 2016, bitcoin sellers are considered money transmitters under New Hampshire law, and must be licensed and bonded as such.
New Mortgage Fraud Scheme and Highest and Best Use Issue By Dave TowneBill Cobb, Appraiser
New Mortgage Fraud Scheme and Highest and Best Use Issue By Dave Towne
"Appraisers………
This may not affect you directly, but you should be aware of this new fraud situation. I decided to send this after talking with another appraiser about a potential assignment that might fall into the category the article below describes.
The appraiser was asked to appraise a SFR rental. Upon arriving at the property, doing the inspection, and observing the neighborhood, plus analyzing ownership of the undeveloped adjacent property owned by the same entity as the SFR, it became evident that the H&BU was actually more appropriately financially feasible and legally permissible, plus physically possible and maximally productive as a Multi-Family property. This is because properties to either side of the SFR are already MF per area zoning, as the changes to the area have been made over prior years.
When this situation was discussed with the client – prior to starting the report, the attempt was made to ‘force’ the appraiser to just accept the SFR assignment and ignore the completed H&BU analysis – as is required under USPAP and per the 1004 (and other) Form. The appraiser ultimately declined the assignment due to the client’s intimidation and coercion, and found out it was just given to another appraiser - probably to be done as a SFR.
Will the new appraiser do a thorough H&BU analysis or just ignore that aspect of responsibility? Who knows.
Will this property be part of the ‘Reverse Occupancy’ scheme as the Mortgage News Daily article explains? Also…who knows."
NEW BILL MAY GIVE A GREEN LIGHT TO BITCOIN EXCHANGES IN WYOMINGSteven Rhyner
On 9th February, a group of Republican and Democrat representatives and senators, put forward a bill that may end the ban on Bitcoin and other cryptocurrency exchanges in the US state of Wyoming.
Visit this site http://lvnvfundingllc.org/ for more information on LVNV Funding LLC. By going through an intermediary such as collection agencies and attorneys, LVNV Funding LLC tries to side step any liability to comply with the principal purpose of the Fair Debt Collection Practices Act.
Why Bitcoin May Be More Disruptive than the Internet. Barcamp Nashville 2013Luke Stokes
Bitcoin is one of the most disruptive inventions in our lifetime. To understand this, we have to take a brief look at monetary history and how the money systems in place today are full of third party risk. Bitcoin's decentralized digital nature is the currency of the future. It's digital gold, programmable money. You can send value to anyone one anywhere in the world immediately and for free.
Abu Dhabi - 5th Annual Financial Crimes ConferenceJuan Llanos
This pioneering seminar attempted to elucidate the rise, purpose, operational intricacies, societal benefits and multiple risks of Bitcoin and the emerging breed of alternative digital currencies. For the first time in history, Bitcoin allows individual consumers to make payments and move funds securely, completely outside of the traditional financial system. In recent months, there has been a lot of hype about the risk of virtual currencies, but not much explanation about how they work and what the real risks and also societal benefits are. In this session, regulators, executives and risk managers had the opportunity to learn how Bitcoin and other digital currencies work, what the true risks are and what can be done to both manage the risks and exploit the opportunities.
STATE REGULATION CHANGES THE GAME FOR BITCOIN SELLERS IN NEW HAMPSHIRESteven Rhyner
If you sell or trade bitcoins in the state of New Hampshire, you’ve probably heard the big news: as of January 1st, 2016, bitcoin sellers are considered money transmitters under New Hampshire law, and must be licensed and bonded as such.
New Mortgage Fraud Scheme and Highest and Best Use Issue By Dave TowneBill Cobb, Appraiser
New Mortgage Fraud Scheme and Highest and Best Use Issue By Dave Towne
"Appraisers………
This may not affect you directly, but you should be aware of this new fraud situation. I decided to send this after talking with another appraiser about a potential assignment that might fall into the category the article below describes.
The appraiser was asked to appraise a SFR rental. Upon arriving at the property, doing the inspection, and observing the neighborhood, plus analyzing ownership of the undeveloped adjacent property owned by the same entity as the SFR, it became evident that the H&BU was actually more appropriately financially feasible and legally permissible, plus physically possible and maximally productive as a Multi-Family property. This is because properties to either side of the SFR are already MF per area zoning, as the changes to the area have been made over prior years.
When this situation was discussed with the client – prior to starting the report, the attempt was made to ‘force’ the appraiser to just accept the SFR assignment and ignore the completed H&BU analysis – as is required under USPAP and per the 1004 (and other) Form. The appraiser ultimately declined the assignment due to the client’s intimidation and coercion, and found out it was just given to another appraiser - probably to be done as a SFR.
Will the new appraiser do a thorough H&BU analysis or just ignore that aspect of responsibility? Who knows.
Will this property be part of the ‘Reverse Occupancy’ scheme as the Mortgage News Daily article explains? Also…who knows."
NEW BILL MAY GIVE A GREEN LIGHT TO BITCOIN EXCHANGES IN WYOMINGSteven Rhyner
On 9th February, a group of Republican and Democrat representatives and senators, put forward a bill that may end the ban on Bitcoin and other cryptocurrency exchanges in the US state of Wyoming.
Visit this site http://lvnvfundingllc.org/ for more information on LVNV Funding LLC. By going through an intermediary such as collection agencies and attorneys, LVNV Funding LLC tries to side step any liability to comply with the principal purpose of the Fair Debt Collection Practices Act.
Why Bitcoin May Be More Disruptive than the Internet. Barcamp Nashville 2013Luke Stokes
Bitcoin is one of the most disruptive inventions in our lifetime. To understand this, we have to take a brief look at monetary history and how the money systems in place today are full of third party risk. Bitcoin's decentralized digital nature is the currency of the future. It's digital gold, programmable money. You can send value to anyone one anywhere in the world immediately and for free.
Colombian Payroll-Deductible Loans as an Asset ClassSteven Rosenblum
Attached is a white paper I wrote on Colombian payroll-deductible consumer loans (known locally as Créditos de Libranza or “Libranzas”) as an investable asset class. It is meant to provide insight into the investment characteristics of Libranza-linked transactions for non-Colombian companies and investors with an interest in consumer lending.
About Libranzas:
Libranzas are the primary unsecured consumer credit product in Colombia. They are part of a social impact program created in the mid-1990s to facilitate financial inclusion. As of July 2016, the total amount of outstanding Libranza loans is approximately USD$11.5bn
The average amount of a Libranza loan is approximately USD$3,000 (in COP). Payments are made directly to the lender via an automatic deduction from the borrower’s paycheck. Loans are offered with terms of up to 7 years. Interest rates vary from ~15% to ~30% (the legal maximum) based on borrower characteristics and term
The Libranza industry is highly regulated and Colombia has been rated investment-grade since 2011. Small loan portfolios frequently trade locally. Larger portfolio securitizations have been offered on occasion by large international financial institutions
Please feel free to contact me if you are interested in learning more about the sector.
Trust transaction monitoring and aml for swift messagingKeith Furst
This presentation was given at the prestigious ONE Aldwych hotel in London on July 14th 2016. The presentation discusses the implications to finance as regulatory and compliance controls become increasingly strict. How confident can you be that you are doing enough to spot and prevent risky transactions and money laundering attempts? And could technologies like blockchain help to increase confidence in transactions?
In July's edition we're talking about Trust, Transaction Monitoring, and anti-money laundering (AML) for financial messaging specifically:
How secure are current transaction methods?
What are the key weaknesses which can be exploited?
What approaches can be used to identify anomalies in financial messaging traffic?
What are the risks to Compliance Officers and financial institutions?
Are there improvements which can be made transaction monitoring systems?
Can technologies like blockchain be used to increase trust and confidence in financial messaging?
The 3 Pillars of Bitcoin focuses on why bitcoin is important, rather than what bitcoin is. Knowing why it exists is the first step in understanding how it exists and where it intends to be.
Presented in 2016, in English and translated live to Chinese. Some information has been removed for privacy.
100% ANONYMOUS NO ID TAX-FREE Offshore Bank Account with online Internet banking
and a VISA Card. Absolutely NO ID required. 100% Anonymous Bank Account GUARANTEED.
The due-on-sale (a.k.a "acceleration clause") is a provision in a mortgage document which gives the lender the right to demand payment of the remaining balance of the loan when the property is sold.
money laundering and corruption
,
what is money laundering
,
suspicious transaction means such transaction:
,
what are some of the challenges
,
why and how to combat money laundering
,
money laundering
,
money laundering process
,
mlpa-2012
,
incentives to launder
WELLS FARGO SCAM PROVES BANKS ARE ROTTEN TO THE CORE, TIME TO OPT FOR BITCOINSteven Rhyner
The Los Angeles City Attorney {and|as well as|and also} Consumer Financial Protection Bureau {fined|penalized} Wells Fargo US$ 185 million for {creating|producing|developing} {fake|phony} {bank accounts|checking account|savings account} to {meet|satisfy|fulfill} their sales targets.
Advance Fee Variant of the Loan Funding Scheme of Secure Platform Fundingjamessmithusa
To visualize the comparative difference between the advance fee version and the escrow based variety of Secure Platform Funding, please see the article.
Colombian Payroll-Deductible Loans as an Asset ClassSteven Rosenblum
Attached is a white paper I wrote on Colombian payroll-deductible consumer loans (known locally as Créditos de Libranza or “Libranzas”) as an investable asset class. It is meant to provide insight into the investment characteristics of Libranza-linked transactions for non-Colombian companies and investors with an interest in consumer lending.
About Libranzas:
Libranzas are the primary unsecured consumer credit product in Colombia. They are part of a social impact program created in the mid-1990s to facilitate financial inclusion. As of July 2016, the total amount of outstanding Libranza loans is approximately USD$11.5bn
The average amount of a Libranza loan is approximately USD$3,000 (in COP). Payments are made directly to the lender via an automatic deduction from the borrower’s paycheck. Loans are offered with terms of up to 7 years. Interest rates vary from ~15% to ~30% (the legal maximum) based on borrower characteristics and term
The Libranza industry is highly regulated and Colombia has been rated investment-grade since 2011. Small loan portfolios frequently trade locally. Larger portfolio securitizations have been offered on occasion by large international financial institutions
Please feel free to contact me if you are interested in learning more about the sector.
Trust transaction monitoring and aml for swift messagingKeith Furst
This presentation was given at the prestigious ONE Aldwych hotel in London on July 14th 2016. The presentation discusses the implications to finance as regulatory and compliance controls become increasingly strict. How confident can you be that you are doing enough to spot and prevent risky transactions and money laundering attempts? And could technologies like blockchain help to increase confidence in transactions?
In July's edition we're talking about Trust, Transaction Monitoring, and anti-money laundering (AML) for financial messaging specifically:
How secure are current transaction methods?
What are the key weaknesses which can be exploited?
What approaches can be used to identify anomalies in financial messaging traffic?
What are the risks to Compliance Officers and financial institutions?
Are there improvements which can be made transaction monitoring systems?
Can technologies like blockchain be used to increase trust and confidence in financial messaging?
The 3 Pillars of Bitcoin focuses on why bitcoin is important, rather than what bitcoin is. Knowing why it exists is the first step in understanding how it exists and where it intends to be.
Presented in 2016, in English and translated live to Chinese. Some information has been removed for privacy.
100% ANONYMOUS NO ID TAX-FREE Offshore Bank Account with online Internet banking
and a VISA Card. Absolutely NO ID required. 100% Anonymous Bank Account GUARANTEED.
The due-on-sale (a.k.a "acceleration clause") is a provision in a mortgage document which gives the lender the right to demand payment of the remaining balance of the loan when the property is sold.
money laundering and corruption
,
what is money laundering
,
suspicious transaction means such transaction:
,
what are some of the challenges
,
why and how to combat money laundering
,
money laundering
,
money laundering process
,
mlpa-2012
,
incentives to launder
WELLS FARGO SCAM PROVES BANKS ARE ROTTEN TO THE CORE, TIME TO OPT FOR BITCOINSteven Rhyner
The Los Angeles City Attorney {and|as well as|and also} Consumer Financial Protection Bureau {fined|penalized} Wells Fargo US$ 185 million for {creating|producing|developing} {fake|phony} {bank accounts|checking account|savings account} to {meet|satisfy|fulfill} their sales targets.
Advance Fee Variant of the Loan Funding Scheme of Secure Platform Fundingjamessmithusa
To visualize the comparative difference between the advance fee version and the escrow based variety of Secure Platform Funding, please see the article.
Our Law Firm specializes in Offshore Asset Protection through the use of offshore corporation, offshore private banking, offshore foundation... We are providing offshore banking introduction services for more than 8 years. Our team consists of professionals with banking, accounting and legal.
Cryptocurrencies are easy to use, secure, and if used correctly can hide your identity. That would explain why increasing news reports claim that terrorists are using them to fund their actions. Is that claim true, and if so, to what extent? And are there any real-world examples to draw on?
Threads Of money Laundering. I am Introducing a very big Issue, a big problem of our Country. I have written many ways to be out of the situation. So guys If you have chosen this topic be careful and Hit like and Download my PPT.
I begin by arguing that an important aspect of Bitcoin (value transmission) was already regulated before it was born. I present a review not only of 2014 but of the past few years with regards to how regulatory and law enforcement events have shaped (or will shape) the regulatory landscape for Bitcoin and virtual currencies. Regulation as inevitable: let's INNOVATE, IMPLEMENT & INFLUENCE
Why Do We Need Privately Created Money.pdfParag Goel
This booklet is expected as an aide for the freedom sweetheart regarding the matter of Bitcoin, which is the first and generally famous of another kind of monetary instrument called "crypto-‐currencies." Although Bitcoin is an entrancing subject by its own doing, no matter what its conceivable political ramifications, it would be credulous to imagine that the public interest in Bitcoin today is simply one of business application and additionally savvy curiosity.1 Just as the improvement of the Internet hugely affects the possibilities for freedom, the present philosophical advocates of Bitcoin trust that Satoshi Nakamoto's answer for the "twofold ‐spending" issue in a decentralized installment framework proclaims another apparatus in the battle against severe States. In this regard, the allure of Bitcoin is that — by its actual nature — it can't be laid hold of by strong outsiders, and that implies that it is always secure against unusual expansion.
In this aide, we will serve the two kinds of peruser, giving instinctive clarifications that give the "higher perspective" of Bitcoin's financial aspects yet in independent segments we will dig into the genuine mechanics of Bitcoin for the peruser needing to know more. Anytime in this aide, in the event that you the peruser start to feel overpowered by the specialized subtleties, we encourage you to skirt ahead to the following area. Insofar as you basically allow every one of the segments an opportunity, we are sure you will leave understanding the mechanics and financial matters of Bitcoin far superior to toward the beginning.
Acusación por lavado de capitales contra bancos de Andorra hecho por el Departamento de Estado de USA. En esas transferencias ilegales se acusa a funcionarios del chavismo y a PDVSA
Dubai - The Capital Club in Dubai (Cointalks)Juan Llanos
This has been to date my most effective presentation on Bitcoin. I've been carefully crafting the flow based on feedback from multiple audiences and I think this is it (so far). It's a bit long, but it covers most of the aspects that a broad audience (entrepreneurs, regulators, general public) cares about.
1. Aruba News and Commentary:
Natalee Holloway: The Real Cover-up?
Money Laundering in the Multi-Millions?
Natalee Holloway Commentary Harry Tho
Topics: Natalee Holloway
On what turned out to be a rather slow news night for Natalee news, we have a summary from Greta,
before moving on to a follow-up on our previous posts addressing banking activities on Aruba and the
family-related/Mansur-related issues in the case that cable news has avoided discussing.
Last night, Greta interviewed Vinda de Souza and Tito Lacle on Fox News.
Vinda reported that Dave Holloway had met with the prosecutor and received a briefing on the case.
Vinda reported that the case is moving forward, and that new persons of interests have been
interviewed and re-interviewed. The only new evidence in the case are statements. To date, no tapes
have been received by the prosecutor from the FBI. Vinda expressed that everyone felt satisfied with the
progress of the case and are optimistic about a resolution. It seems that we've heard this before.
Tito Lacle reported that Deepak Kalpoe's lawyer is seriously considering charges against Dr. Phil and
Jamie Skeeters over the tapes. The lawyer contends that the meeting between Jamie Skeeters and
Deepak Kalpoe was supposed to be a candid discussion and not an taped interview, and Deepak Kalpoe
contends that he was unaware that his meeting with Jamie Skeeters was taped. Additionally, he claims
that the statements on the tape were coerced and manipulated. Interestingly, such a conversation
taped without a person's consent is illegal in Aruba and subject to the criminal process.
Tito stated that no opinion was circulating in Aruba as to whether or not NataleeHollloway is still alive.
However, the case is alive, and more people are being interviewed. And again, we've already been down
this road before and we all know where we ended up.
2. With little going on in the news department, I'd like to take a brief look at the subject of money
laundering on Aruba, since we've been looking at the banking and criminal activities of several of the
players involved with Natalee, including the Mansurs and the Twittys.
Money laundering is the process through which criminals conceal the true existence,illegal source, or
illegal application of income, and then disguise that income to make it appear legitimate. The most
common form of money laundering that credit institutions will encounter on a day-to-day basis, takes
the form of accumulated cash transactions which will be deposited in the banking system or exchanged
for other assets (monetary assets). These simple transactions may just be one part of the sophisticated
web of complex transactions.
Nevertheless, the basic fact remains that the earliest key stage for the detection of money laundering
activities is where the cash first enters the financial system.
Five Phases of Money Laundering:
The first phase is the exchange phase where criminals exchange their loot in return for money of
another currency, or gold, or cheques or diamonds.
The second phase is the placement phase. In this phase, the criminals attempt to bring their exchanged
cash into credit institutions. Cash in credit institutions becomes transferable money.
The third phase is called the layering phase. In this phase placed money separates from their criminal
sources via electronic transfers or wire transfers.
The fourth phase is the integration phase. In this phase, complex transactions occur within a financial
institution to produce loan back or back-to-back loan arrangements.
The fifth stage is the identification phase in which some form of identity is required for the laundered
money. Often identification is masked by some form of trade transaction.
Given the foregoing, money laundering is aided by the complicity of financial institutions. Money
accumulated in the Banco de la Construccion in Venezuela could be easily wire transferred to the
Interbank or the Intercon Financial Bank in Aruba. Clearly, the banks in Aruba only will require
authorizations from the Banco de la Construccion in Venezuela in order to approve the transfer. It will
be upon the Banco de la Construccion Venezuela to ascertain the identity of the source of the money.
The true identity of the enterprise in Venezuela would be masked by some commercial enterprise. The
wire transfer could be the result of a payment action derived form the terms of a letter of credit (LC) for
trade. Clearly, a bank has little control over the terms of an LC. Once the money arrives in the Intercon
Financial Bank or the Interbank in Aruba, it can be disbursed to a number of accounts under the
pretense of payment for services or goods. Once the money is received by the alleged creditors of the
goods or services, it has effectively been laundered into Aruba.
3. Clearly, this laundered money can now be assembled in the form of cash deposits or various certificates
of deposits upon which the money can be drawn in the form of loans for trade. These loans can be used
as part of development loans for construction projects anywhere in the world, including the United
States of America. Assembling money in order to support urban renewal projects could employ such an
avenue for funding. Large scale projects often involve sourcing form a number of financial parties. The
more risky seed money often gets overlooked in order to launch a project that will entrain funding from
the more legitimate financial institutions, as the project unfolds and meets certain benchmarks of
progress.
The loan back arrangement in the foregoing is difficult to identify, because the identity of the true
originator remains masked. However, the entity doing the urban development project in the USA could
the same party initiating the payment, via wire transfer, from Venezuela. Hence, criminally obtained
moneys end up being immersed into an urban development project in a US city. The urban development
project will be paid for by bonds drawn upon the tax dollars from American citizens residing within the
city in question.
In a sense, drug money is encouraged into civic projects by the promise of profit from US tax dollars.
From our previous posts on the subject, readers already know of the banking and criminal relationships
of some of the players - names that have been plastered all over cable news but with no disclosure as to
their backgrounds or the twisted network of criminal activities that they've been involved in. What, if
any, role the illegal activities have played in Natalee's disappearance remains to be determined, but so
far, it appears that no one is looking.
Posted for HarryTho