Brunei Shell Petroleum
Money Laundering and Financial Crimes
Latvia (Concern). Money laundering remains a major concern in Latvia and is for the most part tied to organized crime. Latvia is a Baltic transportation center and thus serves as a location for the laundering of criminally derived proceeds from both foreign and domestic sources. The major domestic source of criminal proceeds is the smuggling of contraband gasoline, alcohol and tobacco; additional sources of funds include trafficking of narcotics, Russian capital flight and tax fraud. Some Latvian banks are used by Russian organized crime groups for money laundering. Russian funds are either deposited directly into Latvian banks or else deposited indirectly through offshore centers. Money laundering schemes commonly involve bank accounts opened in Latvia by Latvian shell subsidiaries of foreign companies that conduct financial transactions with shell corporations in offshore jurisdictions. The funds entering Latvian accounts may be wired abroad or withdrawn in cash. ... [Read More]
Singapore
Shell Eastern Nether- ... Trading Lands Petroleum 2,360 18,902 ... Shell Treasury Nether- ... [Read More]
Money Laundering and Financial Crimes
(1) As DEA also points out, "In some cases, the agent (business) may represent a variety of remittance companies. When this is the case, the agent may suggest dividing the deposit, sending a portion with each of the represented businesses (companies). Thus, detection is increasingly challenging."Federal authorities at the conference also highlighted the recent growth of smaller independent remitters (beyond the more established Western Union and MoneyGram systems), particularly of those providing service to and from Mexico. DEA reported that although these remitters provide important legitimate services to migrant worker populations, the location of these businesses, "do not necessarily parallel the employment centers for these laborers. Rather, it appears that the agent locations are primarily located in states without regulations governing the money services industry." ... [Read More]
Background Notes: Malaysia
Background Notes: MalaysiaPA/PCSource: Office of Public Communication, Bureau of Public AffairsDate: Feb 15, 19922/15/92Category: Country DataRegion: Southeast AsiaCountry: MalaysiaSubject: Travel, History, International Organizations, Trade/Economics[TEXT]February 1992Official Name: MalaysiaPROFILEGeographyArea: 329,749 sq. km. (127,316 sq. mi.); slightly larger than NewMexico. Cities: Capital--Kuala Lumpur (pop. 1 million). Othercities--Penang, Petaling Jaya, Ipoh, Malacca, Johore Bahru, Kuching,Kota Kinabalu. Terrain: Coastal plains and interior, jungle-coveredmountains; Peninsular Malaysia is separated from East Mal ... [Read More]
US Department Of State Post Report
Siddayao, Corazon Morales. The Offshore Petroleum Resources of South East Asia, Potential Conflict Situations and Related Economic Considerations. Oxford University Press: 1980. ... Siddayao, Corazon Morales. The Supply of Petroleum Reserves in South East Asia, Economic Implication of Evolving Property Rights Arrangements. Oxford University Press. ... Shell enjoys a monopoly on retail gasoline outlets and unleaded gasoline costs about US$1.15 per gallon. Local TransportationLast Updated: 12/2/2003 10:25 AM ... [Read More]
Background Notes Archive - East Asia and the Pacific
Background Notes: Brunei, October 1998Released by the Bureau of East Asian and Pacific AffairsU.S. Department of StateOFFICIAL NAME: Brunei DarussalamPROFILEGeographyArea: 5,769 sq. km. (2,227 sq. mi.), slightly larger than Delaware.Cities: Capital--Bandar Seri Begawan.Terrain: East--flat coastal plains with beaches; west--hilly with a few mountain ridges.Climate: Equatorial; high temperatures, humidity, and rainfall.PeopleNationality: Noun and adjective--Bruneian(s).Population (1998 est.): 320,000.Annual growth rate: 2.5%.Ethnic groups: Malay, Chinese, other indigenous.Religion: Islam.Languages: Malay, English, Chinese; Iban and other indigenous dialects.Education: Years compulsory--9. Literacy--90%. (1996)Health: Life expectancy--74 years. Infant mortality rate(1996)--6.9/1,000. GovernmentType: Sultanate.Independence: January 1, 1984.Constitution: 1959.Branches: Executive--Sultan is both head of state and prime minister, presiding over an 11-member cabinet. Judicial (ba ... [Read More]
Brunei (03/05)
Brunei Shell Petroleum (BSP), a joint venture owned in equal shares by the Brunei Government and the Royal Dutch/Shell group of companies, is the chief oil and gas production company in Brunei. It also operates the country's only refinery. BSP and four sister companies constitute the largest employer in Brunei after the government. BSP's small refinery has a distillation capacity of 10,000 barrels per day. This satisfies domestic demand for most petroleum products. ... [Read More]
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