International criminal set up companies in B.C. to launder funds

A Richmond man who pleaded guilty in the U.S. to aiding the Sinaloa cartel and other international organized crime groups hid his illicit cash in bank accounts of shell companies he registered with the B.C. government.

In some of the cases, Ramos hired a law firm and then listed his corporation’s address as his lawyer’s office. With most of Ramos’s B.C. companies, he listed a Richmond UPS office on Westminster Highway as his personal address — not the Seagrave Road home in Richmond he shared with his family until it was recently sold as part of a U.S. forfeiture order.

“Sadly we don’t have a RICO-type statute in this country or we would see more criminal forfeitures than we do,” Clement said. “The are able to go after the assets in a big way.” “Money laundering and other criminal activity have no place in our province — it hurts people, it hurts our communities, and it hurts our economy,” she said.

The next company he started was Venon Holdings Inc., incorporating it on Oct. 28, 2009 as his company expanded to the U.S., Australia, Dubai, Panama, Hong Kong and Thailand. Ramos also registered a subsidiary of Phantom Secure in Dublin. In December 2018, a high court there ordered that 500,000 euros in two company bank accounts be seized by the Irish Criminal Assets Bureau.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

German Report reveals extensive money-laundering in B.C.'s luxury car marketThe analysis is part of a wider review that also outlines how dirty cash is washed through B.C.'s real estate sector GlobeBC BC Liberals allowed this to happen. GlobeBC Classic, relying on a German report to expose the money laundering issue. It's time Canadian officials roll up their sleeves and tackle the issue head on.
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »

Vaughn Palmer: Report reveals 'thick of money-laundering' in B.C. luxury car marketVICTORIA — When money-laundering expert Peter German turned his attention to the luxury car market late last year, he was not long in assembling the telling anecdotes that made his earlier fi… It's out of control... but we already knew that didnt we? charlesadler But what about the friggin whales
Herkunft: VancouverSun - 🏆 49. / 61 Weiterlesen »

Western Canada: Second report on B.C. money laundering focuses on luxury car marketSpike in exports of luxury cars corresponds with the growth of suspicious cash transactions at casinos and also with the explosion of the real estate market, Attorney General David Eby said
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »

Money laundering in B.C.’s real estate market inflated home prices, government reports sayMoney laundering in B.C.’s real estate market inflated home prices, government reports say GlobeBC GlobeBC Well I'll be damned! You don't say! Thanks Captain Obvious! 😄 GlobeBC Ya, no shit. A little late on that one GlobeBC
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »