Post by Tangerine Sherlock on Jan 7, 2012 13:03:08 GMT 1
Seeing the gazette can not be arsed and other forums are to busy debating if Val has gone or not let me try and clear the waters a bit as its not that hard if you look in the right places lol.
Now Uncle val has been good to the club but at the end of the day the club also has to protect itself and it basically called, distancing yourself from what is coming as outlined below.
So maybe reading below would be a good idea for some before jumping on the lets blame Karl wagon, but then again its like water of a ducks back for Karl.
Some Ukrainian firms used the services of Tormex, a phantom shell company that was involved in suspicious money transfers globally.
Tormex Limited, a phantom company that investigators suspect laundered money on a global scale, including for Mexican drug cartels. It also actively worked with various Ukrainian businesses, including a state-owned weapons trader.
Tormex first came to light in early 2010 when a report by the Canadian government’s analytical center, Fintrac, cited allegations that the firm laundered “Mexican drug proceeds from the Sinaloa [drug] cartel using Latvian bank accounts” and the London branch of U.S. banking giant Wachovia.
Wachovia was charged by U.S. authorities in March of 2010 with failure to maintain proper anti money-laundering procedures.
According to the U.S. attorney in the Southern District of Florida, the money laundering charges against Wachovia, one of the leading U.S. banks, were caused by its “willfully failing to maintain” an anti-money laundering program from May 2003 to June 2008, referring to more than $420 billion in transactions from Mexican private financial institutions.
Here is the important bit
An investigation by the Organized Crime and Corruption, traced transactions involving Tormex through Chisinau, Moscow, Kyiv, Riga, Bucharest, London and Auckland.
These cities have become hubs in a huge network of banks, proxies, financial consultants and offshore companies that allegedly launder money and hide stolen assets.
Tormex account statements at Riga-based Baltic International Bank were obtained from the Moldovan police investigating the case involving the alleged disappearance of more than $400,000 belonging to a Romanian businessman.
More than $680 million a year was pouring through Tormex’s accounts. For more than a year, thousands of transactions and commissions from all over the world circulated through the Tormex bank account in Latvia before they were diverted to other offshore companies.
This is why its important, simple uncle Val owns Baltic International Bank and is under lots of pressure to explain what he and his bank have been doing with all the money transfers .
Belokon, the majority shareholder of the Baltic International Bank, was also tight lipped when asked by an Organized Crime and Corruption to comment on the activities of Tormex and other New Zealand companies holding accounts at his bank.
“If the things done by an individual cause any suspicions at the bank, then the information is investigated by contacting or transferring information to the relevant law enforcement institutions,” Belokon said. “Even if the people and companies, which you listed in your questions, had been clients of the bank, we have no right to offer comments to third parties.”
Now Uncle val has been good to the club but at the end of the day the club also has to protect itself and it basically called, distancing yourself from what is coming as outlined below.
So maybe reading below would be a good idea for some before jumping on the lets blame Karl wagon, but then again its like water of a ducks back for Karl.
Some Ukrainian firms used the services of Tormex, a phantom shell company that was involved in suspicious money transfers globally.
Tormex Limited, a phantom company that investigators suspect laundered money on a global scale, including for Mexican drug cartels. It also actively worked with various Ukrainian businesses, including a state-owned weapons trader.
Tormex first came to light in early 2010 when a report by the Canadian government’s analytical center, Fintrac, cited allegations that the firm laundered “Mexican drug proceeds from the Sinaloa [drug] cartel using Latvian bank accounts” and the London branch of U.S. banking giant Wachovia.
Wachovia was charged by U.S. authorities in March of 2010 with failure to maintain proper anti money-laundering procedures.
According to the U.S. attorney in the Southern District of Florida, the money laundering charges against Wachovia, one of the leading U.S. banks, were caused by its “willfully failing to maintain” an anti-money laundering program from May 2003 to June 2008, referring to more than $420 billion in transactions from Mexican private financial institutions.
Here is the important bit
An investigation by the Organized Crime and Corruption, traced transactions involving Tormex through Chisinau, Moscow, Kyiv, Riga, Bucharest, London and Auckland.
These cities have become hubs in a huge network of banks, proxies, financial consultants and offshore companies that allegedly launder money and hide stolen assets.
Tormex account statements at Riga-based Baltic International Bank were obtained from the Moldovan police investigating the case involving the alleged disappearance of more than $400,000 belonging to a Romanian businessman.
More than $680 million a year was pouring through Tormex’s accounts. For more than a year, thousands of transactions and commissions from all over the world circulated through the Tormex bank account in Latvia before they were diverted to other offshore companies.
This is why its important, simple uncle Val owns Baltic International Bank and is under lots of pressure to explain what he and his bank have been doing with all the money transfers .
Belokon, the majority shareholder of the Baltic International Bank, was also tight lipped when asked by an Organized Crime and Corruption to comment on the activities of Tormex and other New Zealand companies holding accounts at his bank.
“If the things done by an individual cause any suspicions at the bank, then the information is investigated by contacting or transferring information to the relevant law enforcement institutions,” Belokon said. “Even if the people and companies, which you listed in your questions, had been clients of the bank, we have no right to offer comments to third parties.”