Aruba Casino
International Narcotics Control Strategy Reports
FINANCIAL CRIMES AND MONEY LAUNDERINGMONEY LAUNDERINGOVERVIEWIn 1992, the major trends affecting money laundering policy were: (1) further sophistication of money laundering practices; (2) greater investment of drug and other illicit proceeds into established businesses, both to conceal money movements and to capitalize on illicit profits; (3) the internationalization of money laundering networks whose operations involve an ever larger number of countries and territories, regardless of their importance as financial centers or as drug producing or transit countries; and (4) the intensified involvement of the Sicilian Mafia and other criminal organizations in Europe, Asia and the Western Hemisphere who comingle proceeds from many crimes to confound investigators, and are now acting as brokers for funds unrelated to their own trafficking activities. These trends have made it more difficult to differentiate between drug-related money laundering and other forms of illegal money m ... [Read More]
USIA, Global Issues (Spanish), July 1996 - Morris
Hay menos supervisión sobre las instituciones no bancarias, bien sean remitentes de dinero o cobradores de cheques o, en algunos casos, casinos, agentes de bolsa, compañías de seguros y otros semejantes, o el esquema regulador es diferente. Por eso cuando aumente nuestra eficacia con los bancos, los delincuentes empezarán a mover su dinero a través de organizaciones no bancarias que prestan servicios financieros (un cajero de cheques que probablemente también tiene lazos con un agente de la Western Union y puede incluso prestar dinero por su cuenta); los grandes casinos a menudo ofrecen crédito para el juego, envían dinero por cable, emiten cheques y hacen otras cosas por el estilo. Así que, si a usted le van a examinar atentamente en el banco, pero no tan atentamente en el casino, usted va al casino. ... [Read More]
La lutte contre les blanchisseurs d'argent
La supervision des institutions non bancaires est moins stricte, qu'il s'agisse des agences de transfert de fonds ou des encaisseurs de chèques ou, dans certains cas, des casinos, des agents de change, des courtiers, des compagnies d'assurance. Leur réglementation est parfois différente. C'est pourquoi lorsque la législation bancaire sera plus efficace, afin de transférer leurs fonds, les gens malhonnêtes auront recours à des organisations non bancaires qui leur fournissent des services financiers þ un encaisseur de chèques qui pourrait avoir un arrangement avec un agent de la compagnie « Western Union » et qui prête parfois de l'argent ; des grands casinos qui offrent des crédits à leurs clients, font des transferts électroniques, émettent des chèques. Donc, si vous pensez qu'on surveillera de près vos transactions à la banque, mais qu'on sera plus souple au casino, ... [Read More]
Money Laundering and Financial Crimes
(3) "IBC" is the term used to describe a variety of offshore corporate entities, which are restricted to transacting business outside the jurisdiction in which they are formed. IBCs are characterized by rapid formation, at low cost, with broad powers, low to no taxation, minimal or non-existent reporting requirements and secrecy. Many OFCs permit IBCs to issue bearer shares. The "UN Offshore Forum" paper estimated that of the nearly 2.5 million IBCs registered globally, 38% were registered in the Caribbean and Latin America, 25% in Europe, 29% in Asia and the Pacific and 8% in Africa and the Middle East.This lack of transparency, coupled with a concomitant reluctance or refusal of many OFCs to cooperate with regulators and law enforcement officials from other jurisdictions, attracts those with both legitimate and illegitimate purposes. Drug traffickers, terrorists, money launderers, tax evaders and other criminals have found the OF ... [Read More]
International Narcotics Control Strategy Reports
U.S. DEPARTMENT OF STATE INTERNATIONAL NARCOTICS CONTROL STRATEGY REPORTMARCH 1995BUREAU FOR INTERNATIONAL NARCOTICS AND LAW ENFORCEMENT AFFAIRS FINANCIAL CRIMES AND MONEY LAUNDERING11995 INTERNATIONAL NARCOTICS CONTROL STRATEGY REPORTOVERVIEWThere were a number of significant accomplishments in the world of money laundering in 1994, and a number of new and/or intensified concerns. Accomplishments and concerns are summarized here and explained in detailed sections below.Accomplishments. Several financial center governments, such as Singapore and Panama, have adopted broad, new anti-money laundering policies and/or laws, and a number of governments were in the final stages of presenting/adopting new legislation.The Financial Action Task Force completed the evaluations of each of its 26 member governments, all conducted by outside experts and all culminating in recommendations for changes and improvements which will be monitored through continuing examinations be ... [Read More]
International Narcotics Control Strategy Reports
US DEPARTMENT OF STATEBUREAU OF INTERNATIONAL NARCOTICS MATTERSINTERNATIONAL NARCOTICS CONTROL STRAGEGY REPORTAPRIL 1994FINANCIAL CRIMES AND MONEY LAUNDERING1994 INTERNATIONAL NARCOTICS CONTROL STRATEGY REPORTINTERNATIONAL MONEY LAUNDERINGOVERVIEWIntelligence findings from North and South America, Eastern and Western Europe, South and East Asia, Africa and the Middle East confirm that another significant shift has occurred in money laundering trends and methods, requiring changes in policy and strategy for 1994.The critical aspects are the volume of non-drug related money laundering; increased investment of illegal proceeds in legitimate business, including the financial industry; and the targeting of financial systems in countries/territories (some with little or no domestic involvement in drug trading or other serious proceeds-generating crimes) to launder drug and other proceeds generated by crimes committed in other jurisdictions.In 1988, when the United Nations Convention was ... [Read More]
M) Money Laundering and Financial Crimes
At the request of the Committee Against Money Laundering, the Gaming Control Board of Curacao extended the unusual transaction reporting requirement to casinos in Curacao in April 2001. The Netherlands Antilles has 25 casinos. Indicators for casino reporting are not identical to those that the financial and non-financial institutions are required to report; therefore, a new form has been created for casinos. The MOT NA will collect the unusual transaction reports from the casinos, and has drafted a manual for casinos on how to file reports. The MOT NA also plans to install software in the casinos that will allow the reports to be submitted electronically. ... [Read More]
International Narcotics Control Strategy Reports
U.S. DEPARTMENT OF STATE INTERNATIONAL NARCOTICS CONTROL STRATEGY REPORTMARCH 1995BUREAU FOR INTERNATIONAL NARCOTICS AND LAW ENFORCEMENT AFFAIRSTHE CARIBBEAN 157Bahamas 159 Cuba 165 Dominican Republic 168 Guyana 173 Haiti 176 Jamaica 180 Netherlands Antilles and Aruba 185 Suriname 187 Trinidad and Tobago 189 Eastern Caribbean 192 Antigua and Barbuda Barbados Dominica Grenada St. Kitts and Nevis St. Lucia St. Vincent and the GrenadinesFrench Caribbean 199 UK Dependent Territories in the Caribbean 200 Anguilla, Montserrat, British Virgin Islands Cayman Islands Turks and ... [Read More]
USIA: Global Issues, July 1996 - Morris
There's less of a supervisory oversight over the nonbanks,whether we're talking about money transmitters or check cashersor, in some cases, casinos, broker dealers, insurance firms andthe like, or the regulatory scheme is different. And so when webecome more effective with banks, the bad guys will start movingtheir money through nonbank organizations who provide financialservices -- a check casher who probably also has ties to aWestern Union agent and maybe even loans money on the side; largecasinos will often provide credit for gambling, wire money, issuechecks, and the like. So, if you're going to be looked at verycarefully at the bank and not looked at so carefully at thecasino, you go to a casino. ... [Read More]
International Narcotics Control Strategy Reports
US DEPARTMENT OF STATEBUREAU OF INTERNATIONAL NARCOTICS MATTERSINTERNATIONAL NARCOTICS CONTROL STRAGEGY REPORTAPRIL 1994THE CARIBBEAN 173 Bahamas 175 Cuba 181 Dominican Republic 184 Guyana 189 Haiti 191 Jamaica 195 Netherlands Antilles and Aruba 200 Suriname 203 Trinidad and Tobago 206 Eastern Caribbean 209 Antigua and Barbuda 210 Barbados 210 Dominica 211 Grenada 211 St. Kitts and Nevis 212 St. Lucia 213 St. Vincent and the Grenadines ... [Read More]
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