THIS POST IS CONTINUED FROM PART 8, BELOW---
FDI, foreign direct investment is the favourite tool is a popular way to lauder money.
My dear friend ARUN must be knowing that most of the FDI coming into India are from corrupt past politicians in power ( kickbacks ) using a white man as a front and shell companies .
There are advantages when you bring in FDI through Mauritius. When you sell shares, you can avoid capital gains tax. And, any money that comes in as FDI is presumably clean money. It can happen in IT-ITES, manufacturing and even in the restaurant sectors..
Trade mispricing, the very tool used to siphon off money, can also play an important role in bringing money back into India. Instead of inflating invoices, a business can under-invoice and export machinery or software..
Some are less tax efficient and may involve forgery. One can open a company to sell something in cash or a restaurant. The business may not take off, but the owner can still show cash sales of Rs 1 lakh to Rs 2 lakh a day. Slowly, but surely, all money would be legitimate one day!
Law enforcement agencies will find it tough to catch up - not just because of the layering process, but also due to the number of people involved. Some of these agencies are headed by slaves of the corrupt politician who is bringing in FDI.
It is difficult to detect over- or under-invoicing of products by Customs. It is even more difficult if it's a sale of software, which can be delivered over e-mail. The veil is lifted only in cases of very intensive investigation and when the State seriously wants to act.
POLITICIANS IN POWER NEVER CATCH THE OPPOSITION – ESPECIALLY IN KERALA WHERE THE RULE IS YO YO.
IN THE LINK BELOW, THE JEWELLERs NAME IS NOT DISCLOSED .
WE KNOW WHY !
Corrupt politicians, drug traffickers, and other criminals using shell companies to purchase luxury real estate with cash..
We see wire transfers originating from foreign banks in offshore havens where shell companies have established accounts, but in many cases we also see criminals using U.S. incorporated limited liability companies to launder their illicit funds through the U.S. real estate market
American property has historically been an attractive place for wealthy foreigners to invest, gaining access to America’s stable financial system and strong rule of law. But the release of the Panama Papers has also highlighted how the U.S. real estate may have become a magnet for those who seek to launder illicit cash.
The U.S. government doesn't ask real estate brokers to monitor their clients for money laundering risks, the way that banks and other financial institutions – and real estate brokers in some other countries -- are required to do. The 2001 Patriot Act gave the Treasury Department the ability to do this, but lobbying by Jews from the real estate industry has helped secure an exemption for the last 15 years.
A disproportionate amount of cash purchases are made by foreign nationals, say those in the industry. Foreign investors often choose to pay in cash because it's harder for them to qualify for mortgages, and because they can -- they have the money and are looking for a safe place to park it, so they want to invest as much as possible.
Buyers are finding ways of circumventing the rules. The Treasury program monitors a notably narrow slice of the market, covering only two U.S. cities for six months. It tracks only certain forms of cash – certified checks, cashier’s checks, money orders and hard currency – but not wire transfers or personal checks
Wire transfer patterns involve shell companies—i.e., corporations that engage in no apparent business activity and that only serve as a conduit for funds or securities. Often the activities also involve foreign transactors located in jurisdictions considered non-cooperative in the fight against global money laundering.
Several complex suspicious wire transfer transactions have been observed, each involving geographically complicated wire transfer routing (originator, beneficiary, or transit/intermediary banks) and/or geographically complex originator and beneficiary activity. Billions in suspicious wire transfers have been reported in connection with this type of activity.
These activities display common patterns of underlying suspicious activity:---
A lack of evidence of legitimate business activity, or any business operations undertaken by many of the companies;
Unusually large numbers of wire transfers (several thousand wires totaling more than U.S. $500 million);
Transactions conducted in bursts of activities within a short period of time;
Beneficiaries maintaining accounts at foreign banks that have been the subject of previous SAR reporting due to suspicious wire transfer activity;
Reappearing beneficiary banks based in offshore locations, the account of at least one of which has been closed by the reporting financial institution due to overall suspect activity.
Increased SAR Reporting Involving Mexico
Below: JNU commie Kanhaiya Kumar will call it INTEGRASSANN
In financial regulation, a Suspicious Activity Report (or SAR) is a report made by a financial institution about suspicious or potentially suspicious activity.
The criteria to decide when a report must be made varies from country to country but generally is any financial transaction that does not make sense to the financial institution, is unusual for that particular client or appears to be done only for the purpose of hiding or obfuscating a transaction.
The report is filed with that country's financial crime enforcement unit, which is typically a specialist agency designed to collect and analyse transactions and report these to relevant law enforcement units.
Front line staff in the financial institution have the responsibility to identify transactions that may be suspicious and these are reported to a designated person that is responsible for the reporting the transaction. The financial institution is not allowed to inform the client or the parties to the transaction that a SAR has been lodged.
Many different types of finance-related industries are required to file SARs.
depository institutions (for example, banks and credit unions)
securities and futures dealers (for example, stock brokers and mutual fund brokers)
money services businesses (for example, check cashing services, currency exchange bureaus, and money order providers)
casinos and card clubs
dealers in precious metals and gems (for example, jewelery dealers)
mortgage companies and brokers
The Black Market Peso Exchange System (BMPE) is a trade-based system that depends on commercial traffic between the U.S. and Colombia to launder profits from the sale of illegal drugs in the United States.
The BMPE is a significant money laundering conduit used by Colombian narcotics traffickers in repatriating revenues to Colombia. The process begins when a Colombian drug organization arranges the shipment of drugs to the United States.
The drugs are sold in the U.S. in exchange for U.S. currency that is then sold to a Colombian black market peso broker's agent in the United States. The U.S. currency is sold at a discount because the broker and his agent must assume the risk of evading the Bank Secrecy Act reporting requirements when later placing the dollars into the U.S. financial system.
Once the dollars are delivered to the U.S.-based agent of the peso broker, the peso broker in Colombia deposits the agreed upon equivalent in Colombian pesos into the organization's account in Colombia.
At this point, the organization has laundered its money because it has successfully converted its drug dollars into pesos, and the Colombian broker and his agent now assume the risk for introducing the laundered drug dollars into the U.S. banking system, usually through a variety of surreptitious transactions.
Having introduced the dollars into the U.S. banking system, the Colombian black market peso broker now has a pool of laundered dollars to sell to Colombian importers. These importers then use the dollars to purchase goods, either from the U.S. or from other markets, which are transported to Colombia, often via smuggling in order to avoid applicable Colombian law.
The exact size and structure of the BMPE system cannot be determined with any degree of precision. However, based on anecdotal law enforcement evidence, informants' statements, and Colombian law enforcement and intelligence officials, it is believed that more than 7 billion USD is laundered annually.
Other sources of demand for BMPE dollars include capital outflows by Colombian residents, who seek either to conceal the funds from the Colombian authorities or simply to take advantage of the favorable BMPE exchange rate.
Hawala is a money transfer system widely used in Arab countries and South Asia. The money is paid to an agent who instructs an associate in the relevant country to pay it to the final recipient. In hawala transactions, money enters the hawala system in local currency and leaves as foreign currency.
Hawala is the undocumented transfer of money. Most of the hawala done now is based on net-off basis. It is all about not getting the money in the documented field, so that taxation or source of funding is not questioned..
To put it simply, it is illegal/informal transfer of money without moving it physically, leaving no traces or evidences. Since no official records are maintained, the source of the money cannot be traced. No requirement of any id proof and disclosure of source of income is there..
The commission rates for transferring money through hawala are quite low.. Most of the time illiterate Indian labourers in Dubai know of no other way—they are scared.
They have one day Friday off, when the banks have a holiday. What can they do?
The unique feature of the system is that no promissory instruments are exchanged between the hawala brokers; the transaction takes place entirely on the honour system.
The total hawala transfers worldwide at about $150 billion per year.
Hawala brokers who are taking part in a transaction sit distant apart. They usually communicate through mobile phone or satellite phone or email and most of the transactions happen without meeting the other person.
Let’s say Mr A in Abu Dhabi wants to transfer 1 lakh riyal to his brother say Mr B in Karachi.
Now A contacts X, who is a hawaladar in Abu Dhabi and gives him 1 lakh riyal and also a password.
Now X contacts Y, another Hawaladar (his counterpart) in Karachi and asks him to pay 1 lakh riyal (in local currency in this case Rupees) after deducting the commission which is usually 2%.
B would be informed by A about the the password.
Now B will contact Y, tells the password and collects the money (2% commission is deducted)
Now X owes Y money which is settled later.
Hawala agents or brokers run some business other than the hawala agency. So they have surplus of liquid money in hand to carry out the transactions.
The demonetisation drive in India has forced hawala operators to find new ways to turn black money into white, especially in the Gulf region.
The modus operandi: An NRI gives 3,500 dirhams to a hawala agent. The former gets Rs 1.5 lakh in India, albeit in the scrapped Rs 500 and Rs 1,000 notes. The present exchange rate of 3500 dirhams is around Rs 64,000, doubling the profit. As the amount is below Rs 2.5 lakh, no queries will be made while depositing the amount.
This money uses the 'hawala' route, an informal money transfer system, where rupee gets converted to dollar at a premium to market exchange rates. In the process, Indian black money is invested in Dubai property. And since Dubai charges no tax on rental income or any capital gains for purchased property, cash-rich Indians know their investments are safe.
As hawala transactions are not routed through banks they cannot be regulated by the government agencies and have thus emerged as a major cause of concern. This network is being used extensively across the globe to circulate black money and to provide funds for terrorism, drug trafficking and other illegal activities.
In India, FEMA (Foreign Exchange Management Act) 2000 and PMLA ( Prevention of Money Laundering Act) 2002 are the two major legislations which make such transactions illegal.
United States law enforcement authorities have observed that as money laundering schemes become more complex, the perpetrators turn to the learned expertise of attorneys, accountants, consultants and agent representatives to aid them in the movement of illegal currency.
These professionals, using shell corporations, nominees and fictitious records, devise elaborate paper trails to disguise the true source of illegal income .
All over the world attorneys, accountants and consultants were sentenced as a result of money laundering convictions. In India we are in the category of ALICE IN WONDERLAND
The agencies have started a pan national scrutiny of total gold imports to the country after demonetization on 8th Nov 2016
The agencies have been collating and tallying the details of the gold sales at various places in the country with the gold imports between November 8 and December 31.
SOME GOLD HOARDING KERALA BLADE COMPANIES HAVE LOOTED THEIR OWN GOLD. THEY ARE LAUGHING NOW.. VERY SOON THEY WILL BE CRYING IN JAIL.
THE ONLY WAY TO CHECK THE HAWALA MONEY OF KERALLA ( MORE THAN 26000 CRORES EVERY YEAR ) IS TO FIND OUT HOW MUCH MONEY A MAN IN SAY DUBAI EARNS AS SALARY , HOW MUCH HE SAVES AND HOW MUCH HE HAS BROUGHT HOME BY BANKING CHANNELS.
MIND YOU LOT OF GOLD COMES IN WHEN AN NRI COMES ON LEAVE --HIDDEN HERE AND THERE
THE ONLY WAY TO END THIS MENACE IS TO USE RETIRED NRI GULF RETURNEES PEOPLE AS WHISTLE BLOWERS . IF THEY ARE DESH BHAKTS THEY WILL REVEAL.
The ED has been on high alert following the arrest of two Axis Bank staff who allegedly operated in connivance with a group to convert demonetised currency into gold. As per norms, gold is imported into the country mostly through registered banks and private firms.
ED officers said they suspect many gold merchants have set up shell companies and demonetised currencies were deposited in accounts of these companies which were later wired to importers.
MY SHIP HAS ONCE CARRIED A FULL LOAD OF CAUSTIC SODA TO A SOUTH AMERICAN NATION FROM USA.
AFTER DISCHARGE WE WAITED FOR THREE HOURS AND LOADED THE SAME CARGO BACK TO THE SAME LOAD PORT.
I GOT INSIDE INFORMATION FROM A CARGO SURVEYOR WHO IS IN CHARGE OF THE QUALITY AND QUANTITY CERTIFICATE
I DID MY OWN QUALITY TESTS ON BOARD. THE CARGO WAS THE SAME.
I WONDER IF THE SMUGGLING WAS GOLD OR SOME DRUG
WE ASK THE GOVT—DO NOT ALLOW JEW ROTHSCHILDs BANKERS TO DICTATE TERMS IN INDIA
WE THE PEOPLE WILL NOT TOLERATE THIS
AND PM MODI— STOP PRETENDING THAT YOU DON’T KNOW WHO BRANDED YOU WITH APCO.
WE ARE NOW LOSING PATIENCE
Gold is known to play a significant role in international money laundering. Gold, just like certain currencies (e.g., the U.S. dollar, Swiss franc, and British pound, the Euro) is a nearly universal commodity for international commerce.
Gold has been a key medium of exchange since antiquity and will, in fact, most likely always enjoy this position, as it appears nearly immune to the consequences of changing global fortunes.
JEW ROTHSCHILD WANT THE 54,000 TONNES OF GOLD IN PRIVATE HANDS OF INDIA…
AS SOON AS HIS AGENT RAGHURAM RAJAN TOOK OVER RBI CHAIR, HE LIKE A POPSHOT ORDERED KERALA TEMPLES TO DECLARE THEIR PRIVATE GOLD.
WE TOLD THIS ROTHSCHILD AGENT TO CATCH AND SWING—NAY--FUCK OFF ..
Gold serves as both a commodity and, to a lesser extent, a medium of exchange in money laundering conducted in Latin America, the United States, Europe and Asia. In this cycle, for example, gold bullion makes its way to Italy via Swiss brokers. There it is made into jewelry, much of which is then shipped to Latin America. In Latin America, this jewelry (or the raw gold from which it was made) then becomes one, if not the most important, of the commodities in the black market peso exchange.
United States law enforcement authorities identified a money laundering system that makes use of the legitimate gold trade to launder money through black market currency exchanges. In this system, gold jewelry is sold in the Panama Colon Free Trade Zone to Colombians (who are allegedly hoarding gold against the devaluation of the peso).
The jewelry is smuggled into Colombia through the city of Bucaramanga. The jewelry is then melted and formed to resemble gold from mines, fabricated into pigment and then shipped to the U.S. for refining. (The pigment fabrication stage is important because the Colombian government will pay a 4.5 percent export tax credit on the exported goods.)
The "gold pigment" arrives in the U.S. but is instead entered as "bullion", which does not qualify for the export credit. The gold is refined and sold in the U.S. and then smuggled back to South America. The resulting loss to the Colombian government is estimated to be over $20 million.
A variant of this scheme has the refined gold being exported to Switzerland for sale to Italian jewelry manufacturers for delivery to Panama.
A review of SARs filed by gaming establishments reveals patterns of suspicious activity in which casino accounts are used to transfer significant amounts of funds through non-bank financial transaction channels.
The funds are cashed out by the client or moved to other accounts with minimal or no gaming activity. Variations on this theme involved an initial deposit by wire or bank cashiers check, but then the funds would be wired out to another account.
The funds were then stored for a period of time in a casino safety deposit box or held in the form of safekeeping markers, and then cashed out. In several instances the client was observed transferring chips to other individuals to cash out, as well as cashing out a greater amount than held on deposit (with no gambling winnings to account for the excess amount).
It's a real-life heist that sounds straight out of Hollywood: $101 million in stolen funds, taken from a secure account, disappeared into a murky world of casinos and money laundering.
If that's not enough drama, the caper involves at least four countries, a central bank and a pillar of the U.S. financial system.
This was a complex operation that required many months of planning.
When banks were closed for the weekend in Bangladesh, criminals executed five transfers from the central bank's account at the New York Fed. The requests looked real: They appeared to come from a Bangladesh server, and the thieves supplied the correct bank codes to authenticate the transfers.
Most of the stolen funds ended up in accounts located in the Philippines, while roughly $20 million, which has since been recovered, went to Sri Lanka. The robbers tried to steal $850 million more, but the requests were denied by the New York Fed.
The theft, forced the resignation of Atiur Rahman, the governor of Bangladesh's central bank. It has also raised questions over the international banking system's vulnerability.
The missing $81 million was tracked to Rizal Commercial Banking Corporation, a bank in the country. From there, it went to a local money-transfer firm, and then into the country's casinos.
$81 million was deposited into accounts at RCBC.
The same day, nearly $500,000 was withdrawn from one of the accounts and loaded into a car that was allegedly later driven away by a branch manager in Manilla.
Four days later, as alarm bells began to ring, RCBC tried to freeze the accounts with stolen funds. But the bank manager ignored the order from headquarters and quickly moved much of the money out of the bank.
From RCBC, the funds went to money-transfer company Philrem, which moved them to casinos and individuals connected to the gaming industry.. Once the money entered the casinos, however, the trail went cold. This is why casinos exist.
Money laundering has long plagued casinos all over the planet which largely operate beyond the reach of anti-money laundering authorities. The U.S. Department of State, among others, has identified the country's gaming industry as a nexus for illegal activity and money laundering.
WE ASK THE MODI GOVT TO SHUT DOWN CASINOS IN GOA USED BY JEWISH DRUG MAFIA.
Transnational drug trafficking organizations based in East Asia use the existing banking system, casinos, and commercial enterprises to transfer drug proceeds from the Philippines to offshore accounts.
THIS BLOGSITE ASKS THE FINANCE MINISTRY TO MAKE A DEDICATED RISK ASSESSMENT FORM FOR SHELL COMPANIES
THIS FORM MUST BE SIGNED AND FILED --
WARNING : WRONG FILLING MAY CAUSE INCARCERATION
THIS BLOGSITE ASKS THE FINANCE MINISTRY TO MAKE A DEDICATED RISK ASSESSMENT FORM FOR SHELL COMPANIES
THIS FORM MUST BE SIGNED AND FILED --
WARNING : WRONG FILLING MAY CAUSE INCARCERATION
READ THE LINK BELOW--I AM JUMPING OFF THE DEEP END HERE
The Financial Action Task Force (FATF) recently produced a report entitled “Anti-money laundering and counter-terrorist financing measures: United States – Mutual Evaluation Report.”
The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions.
The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system.
The FATF is therefore a “policy-making body” which works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas.
India is a full-fledged member of Financial Action Task Force (FATF), ( since 2010 ) an inter-governmental body, responsible for setting global standards on anti-money laundering (AML) and combating the financing of terrorism (CFT).
India will benefit in securing a more transparent and stable financial system by ensuring that financial institutions are not vulnerable to infiltration or abuse by organized crime groups.
In its first evaluation of the United States in ten years, FATF scored Washington non-compliant - the lowest possible score - on its ability to determine the true owners of shell companies, sometimes used by money launderers to hide illegal proceeds.
FATF also gave Washington a failing score for its minimal monitoring of non-financial industries sometimes used in money laundering, such as law firms and realtors.
For example, unlike banks, real estate agents in the United States are not required to notify authorities if they suspect a customer is trying to move dirty money through property.
FATF criticized many of these shortcomings in its last evaluation of the United States, raising concerns about why Washington had still not acted.
The Obama administration proposed legislation to mandate companies to disclose beneficial owners in but Congress has not introduced the bill
“The U.S. views itself as a standard setter among nations,” said a Washington-based anti-money laundering attorney. “But in key areas, it fails to measure up to international standards, which opens the doors to Panama papers-type transactions and schemes to hide money.”
WHOM SHALL WE THANK ? THE JEWS OF COURSE !
Nearly $1.4 trillion of illicit money, derived largely from corruption, tax evasion, and money laundering, flowed out of China between 2004 and 2013, according to think tank Global Financial Integrity. Much of that went through Hong Kong, say the financial crime experts.
Leaked documents from Panama law firm Mossack Fonseca, which contained information on 214,000 offshore companies, showed that its Hong Kong offices were its busiest globally.
It worked with more than 2,200 banks, accountants, law firms and other middlemen in the city to funnel money from China and elsewhere into nearly 37,700 entities registered in secretive locations such as the British Virgin Islands.
The scandal also exposed the widespread practice among Hong Kong companies of creating offshore entities to act as shareholders, shielding the identity of real owners.
Companies principally based in the BVI were the largest source of direct investment in Hong Kong resident enterprises and the largest source of annual investment inflows between 2013 and 2015
FATF can put a jurisdiction on a blacklist if it is uncooperative in the battle against money laundering. While that doesn't trigger any formal sanctions, it can make banks, companies and other entities very wary about doing business with that place.
########### SUBJECT---- GURMEHAR KAUR : TRUTH KEJRIWAL POODLE ---- MALALA OF KHALISTANIS #############
KARGIL WAR ENDED IN JULY 1999……. GURMEHAR KAURs FATHER DIED AFTER THE KARGIL WAR WAS OVER……..
DROHI GURMEHAR KAUR HAS LINKS WITH AAP AND KEJRIWAL….
CHECK OUT THE FACEBOOK PAGE OF AAP POODLE RAM SUBRAMANIAM “VOICE OF RAM “ IN WHICH GURMEHAR KAUR HAS PUT HER VIDEO IN 2016 PROMOTING PAKISTAN AS A PEACE LOVING NATION …………
WELL MARTYRs DAUGHTER GURMEHAR KAUR HAS BECOME A DESH DROHI . ..
PAKISTAN DID NOT KILL HER FATHER, WAR WAGED BY BHARATMATA DID....
MUSLIMS DID NOT BURN ALIVE HINDUS IN A RAILWAY COMPARTMENT IN GODHRA, FIRES OF HINDUs DID...........
YOU CAN SEE THAT GURMEHAR KAUR GETS SUPPORT FROM NCW, BENAMI MEDIA , NHRC , NAXALS , SEPARATISTS, PAKISTANIS, AND FOREIGN FUNDED NGOs..... ..
DOES SHE HAVE PROOF THAT AVBP THREATENED TO RAPE HER ?......WHY IS SHE LYING ?
PROFILE ( USE HIGH RESOLUTION CAMERAS ) ALL DESH DROHI COMMIE STUDENTS OF JNU/ DU/ JU/ FTII/ TISS WHO SHOUT ANTI-INDIA, BHARAT KE BARBAADI SLOGANS...
MAKE SURE THEY GET NO EMPLOYMENT IN INDIA... MAKE SURE THEY RUN FROM PILLAR TO POST FOR PASSPORTS AND PASSPORT RENEWALS...
STUPID GURMEHAR KAUR, THE DAUGHTER OF KARGIL ( SIC) MARTYR CAPT MANDEEP SINGH IS A DISGRACE TO INDIA AND A STAIN TO THE MEMORY OF HER FATHER ....
GURMEHAR KAUR MAY SOON MIGRATE TO KNEDDDAAAAAA ….
THERE IS A NEXUS BETWEEN ISLAMIC MILITANTS, KHALISTANIS AND NAXALS.. ..THEY USE THE SAME SHELL COMPANIES FOR FUNDING….……
WE KNOW WHY UMAR KHALID WAS INVITED TO SPEAK ON BASTAR NAXALS…. WHEN JAWANS ARE KILLED IN BASTAR JNU COMMIE STUDENTS AND FOREIGN PAYROLL PROFESSORS WHO CALL EACH OTHER COMRADES HOLD CELEBRATION PARTIES AND GET DRUNK…….
KHALISTANIS FROM CANADA AND PAKISTANIS ARE PRAISING THIS SIKH GIRL……..
GURMEHAR KAUR HAS ASKED FOR HELP FROM KHALSA COLLEGE… ..WHY DID SHE POLARISE ? …….
DESH DROHIS CAN INSULT ANY PERSON OR GOVT , WE WILL NOT ALLOW ANY HUMAN TO INSULT OUR WATAN……WE HAVE COME OUT OF 800 YEARS OF SLAVERY , ONLY DUE TO TRAITORS FROM WITHIN
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Go0gle for the blogpost below- - - ……………. . . . . …... .. .
JNU , DEN OF ANTI NATIONALS AND COMMUNIST CRIMINALS VADAKAYIL ……………... . . ……. . .. .
read all eight parts of the post below....... ...................................
COMMUNIST , MAOIST , NAXALITE MOVEMENTS IN INDIA EXHUMED VADAKAYIL ................................
capt ajit vadakayil ..
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THIS POST IS NOW CONTINUED TO PART 10, BELOW--
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