Posts tagged kroll advisory services

RBS COUTTS, DEUTSCHE BANK + PRINCE TURKI ABDULLAH: AN EXAMPLE OF WEAK AML CONTROLS

0

Turki bin Abdullah Al Saud (born 21 October 1971) is a member of the House of Saud. He served as deputy governor of Riyadh Province from 2013 to 2014 and as governor of Riyadh Province from 14 May 2014 to 29 January 2015.

 

http://www.terrorfinanceblog.com/2015/03/rbs-couttsdeutsche-bank-prince-turki-abdullah-an-example-of-how-weak-aml-controls-are.html

 

The email exchange below between Shahrol Halmi, the CEO of a Malaysian sovereign wealth fund called 1 MDB and  Jacqueline Ho,an officer at Deutsche Bank’s wholly-owned subsidiary in Malaysia,provides evidence of how even today some of the most revered names in international banking leave themselves open to breaches in CTF/AML laws.
The email correspondence  has been brought to light in a detailed investigation by Clare Rewcastle-Brown and the Sunday Times, into a money laundering scheme which involved  Prince Turki bin Abdullah Al Saud’s company PetroSaudi.
The investigation shows how some $700 million from the fund was routed via PetroSaudi’s account at RBS Coutts and from there into the the account of an unrelated Seychelles company,Good Star Limited. The correspondence shows how RBS Coutts and Deutsche Bank affected the transfer despite not being provided  the actual names of the beneficiaries of the transfer,as they appear to have requested.
As the investigation revealed, the ultimate beneficiary was a Malaysian named Jho Low,who has been making international headlines as an apparent billionaire playboy.Publicly, Low has claimed no involvement with the Malaysian fund.

Jho Low
END
THE EMAIL CORRESPONDENCE

ia BlackBerry from T-Mobile

_____

From : jho.low@gmail.com
Date : Fri, 2 Oct 2009 12:28:01 +0000
To : <patrick.mahony@petrosaudi.com >
Subject : Fw: RESEND : URGENT REQUEST OF RBS COUTTS

Shld be cleared soon. Pls update tarek.

Sent via BlackBerry from T-Mobile

_____

From : Shahrol Halmi
Date : Fri, 2 Oct 2009 08:21:15 -0400
To : ‘jacqueline.ho@db.com’ <jacqueline.ho@db.com >; Casey Tang <casey.tang@tia.com.my >
Subject : Re: RESEND : URGENT REQUEST OF RBS COUTTS

Jac, please use this address for GOOD STAR LIMITED.

P.O.Box 1239, Offshore Incorporation Centre, Victoria, Mahe, Republic of Seychelles

Thanks

_____

From : Jacqueline Ho <jacqueline.ho@db.com >
To : Casey Tang; Shahrol Halmi
Sent : Fri Oct 02 06:19:20 2009
Subject : RESEND : URGENT REQUEST OF RBS COUTTS
Dear Casey and Shahrol

Please see an email request from RBS Coutts to reveal the beneficiary name pertaining to 1MDB’s remittance.

In that sense, I believe RBS needs confirmation on the beneficiary’s name in order to complete their internal risk mitigating processes as no name was

We will await your instructions on whether to reveal the beneficiary name and address (please provide) to RBS Coutts.
As requested by them, we will have to send it out via email and an authenticated swift message so would appreciate a reply as soon as possible.

Best Rgds
Jacqueline Ho
Corporate Coverage
Deutsche Bank (M) Bhd
Tel: + 603 20317798
Mob: +6012 2059561
Email: jacqueline.ho@db.com

This e-mail may contain confidential and/or privileged information. If you
are not the intended recipient (or have received this e-mail in error)
please notify the sender immediately and destroy this e-mail. Any
unauthorized copying, disclosure or distribution of the material in this
e-mail is strictly forbidden. —– Forwarded by Jacqueline Ho/db/dbcom on 10/02/2009 05:41 PM —–

Prakash Gopi/db/dbcom 

10/02/2009 04:55 PM

To Jacqueline Ho/db/dbcom@DBAPAC

cc Jeremy Lewis/db/dbcom@DBAPAC

Subject Fw: REQUEST OF COUTCHZZ

Jac,

RBS Coutts is requesting for bene’s full details.
Can we proceed to provide the necessary information. If so, appreciate if you could provide me with the relevant details.

Warm Regards,

Prakash Gopi
Global Market Operations
Deutsche Bank (M) Bhd
03-20536851

—– Forwarded by Prakash Gopi/db/dbcom on 02/10/2009 04:53 PM —–

Laurent.Schmid@rbscoutts.com 

02/10/2009 04:38 PM

To Prakash Gopi/db/dbcom@DBAPAC

cc Eliane.Humair@rbscoutts.com, Thomas.Tuerler@rbscoutts.com

Subject RE: REQUEST OF COUTCHZZ

Dear Prakash,
Please urgently confirm the full name of the final beneficiary of the funds per e-mailand authenticated swift (see details below) in order for us to apply the funds.
We are not in a position to credit the funds without full beneficiary details (full name, address, account no.).

Kind regards,

Mr Laurent Schmid 
Regulatory Risk 

RBS Coutts Bank Ltd
Lerchenstrasse 18
P.O. Box
8022 Zurich, Switzerland
Tel. +41 43 245 53 52
Fax +41 43 245 54 04
laurent.schmid@rbscoutts.com
www.rbscoutts.com 

____

From: Humair, Eliane (RBS Coutts, CH) 
Sent: 
Freitag, 2. Oktober 2009 10:27 
To: 
Cousin, Dominik (RBS Coutts, CH); Tuerler, Thomas (RBS Coutts, CH); Schmid, Laurent (RBS Coutts, CH) 
Subject: 
FW: REQUEST OF COUTCHZZ

TO URGENT

Eliane Humair
Investigations Department

RBS Coutts Bank Ltd
Stauffacherstrasse 1
P.O. Box
8022 Zürich
Telephone +41 (0)43 245 58 62
Facsimile +41 (0)43 245 57 99
eliane.humair@rbscoutts.com
www.rbscoutts.com

_____

From: Prakash Gopi [ mailto:prakash.gopi@db.com
Sent: 
Freitag, 2. Oktober 2009 10:22 
To: 
Humair, Eliane (RBS Coutts, CH) 
Cc: 
Jeremy Lewis; Krystof Balwierz 
Subject: 
Fw: REQUEST OF COUTCHZZ

Dear Eliane,

I have received this msg from Krystof Balwierz on behalf of yourself today.

May i urgently enquire what further details you require from DEUTMYKL since our MT103 msg had indicated that the funds were to be credited to acc 11116073.

Thank you.

Warm Regards,

Prakash Gopi
Global Market Operations
Deutsche Bank (M) Bhd
03-20536851

—– Forwarded by Prakash Gopi/db/dbcom on 02/10/2009 04:13 PM —–

Chooi-Fong Liew/db/dbcom 

02/10/2009 04:09 PM

To Krystof Balwierz/db/dbcom@DBCOM cc

Prakash Gopi/db/dbcom@DBAPAC Subject

Fw: REQUEST OF COUTCHZZ

Hi Krystof

I have forwarded the email to my colleague who is handling this. You can laise directly with him direclty.

Regards.
Chooi fong

—– Forwarded by Chooi-Fong Liew/db/dbcom on 10/02/2009 04:06 PM —–

Chooi-Fong Liew/db/dbcom 

10/02/2009 04:01 PM

To Prakash Gopi/db/dbcom@DBAPAC cc

Subject

Fw: REQUEST OF COUTCHZZ

Pls help.

—– Forwarded by Chooi-Fong Liew/db/dbcom on 10/02/2009 04:01 PM —–

Chooi-Fong Liew/db/dbcom 

10/02/2009 03:59 PM

To Connie Lam/db/dbcom@DBAPAC, Umadevi Maslamani/db/dbcom@DBAPAC cc

Subject Fw: REQUEST OF COUTCHZZ

HI

Pls note email below . Did you send the pymt instruction? Bene Bank unable to apply. Pls provide addl details via BKTRUS33.

Thanks.
Chooi fong

NL JUSTICE MINISTER UNDER FIRE ABOUT DRUG LORD PAYMENT DEAL

0
Published on Mar 5, 2015

.Heeft minister Ivo Opstelten de Tweede Kamer voor de zoveelste keer, onjuist “voorgelicht” over een miljoenendeal tussen toenmalig Officier van Justitie Fred Teeven en crimineel Cees H? CDA, D66, SP en ChristenUnie houden er rekening mee nu uit documenten van het Openbaar Ministerie blijkt dat veertien jaar geleden 4,7 miljoen gulden is overgemaakt naar de drugshandelaar. Pauw spreekt erover met politiek journalist Xander van der Wulp en de advocaat van Cees H., Jan-Hein Kuijpers.

Dutch Minister of Security + Justice Ivo Opstelten

http://www.dutchnews.nl/news/archives/2015/03/justice-ministers-under-fire-over-drugs-lord-payment/

Justice minister Ivo Opstelten wrongly informed parliament about a deal struck by his deputy with a drugs lord in 2000, television current affairs show Nieuwsuur said on Wednesday. The programme said Teeven actually authorised a payment of 4.7 million guilders to convicted drugs dealer Cees H, not two million guilders as Opstelten told parliament a year ago. Nieuwsuur bases its claims on ‘multiple’ documents from the public prosecution department and other sources. Opstelten told parliament a year ago he had been unable to trace any documents proving the size of the transaction. The deal to refund convicted drugs smuggler Cees H was approved by Teeven, who was then a public prosecutor. The deal, which was kept secret from the tax authorities, hit the headlines in March 2014 when H’s lawyer at the time said his client had been paid back five million guilders. The public prosecution department had sequestered around five million guilders in assets from drugs lord Cees H – including property and jewellery. However, the department was unable to prove the assets had been obtained illegally and so most of the money was returned to H. Teeven agreed to the deal in ‘complete confidentiality’ so that ‘national and/or international tax services and fiscal authorities’ were not informed, NIeuwsuur said. Luxemburg The money was paid pack to H via Luxemburg bank accounts, effectively laundering the money. Opstelten said last year there are no financial details about the deal available because it happened too long ago and the documents had not been kept. In addition, IT systems have changed. H’s current lawyer Jan-Hein Kuijper told the Pauw chat show later on Wednesday evening that he is in possession of the missing receipt. Debate ‘I can confirm that the amount mentioned in Nieuwsuur is correct,’ Kuijpers said. However, he will not go public with the receipt because his client does not want him to, he said. MPs said on Wednesday evening that Opstelten has a lot of explaining to do and are calling for an emergency debate on the issue. Cees H was one of the leaders of a smuggling network known as Octopus which brought tons of cannabis from Pakistan into the Netherlands.

KURDISH PESHMERGA FEBRUARY 2015 KILL ISIS TERRORIST + CAPTURE VIDEO THAT PROVIDES INTERESTING INSIGHTS

0

 

 

ISIS IS SELLING SEX TO FUND ITS FIGHT

0

ISIS IS SELLING LOOTED SYRIAN ART IN LONDON TO FUND ITS FIGHT

0

 

http://the-levant.com/selling-syrian-london/

 

Almost 100 Syrian artifacts looted by the Islamic State have been smuggled into Britain and sold to raise money for the extremist group’s activities, art crime experts and archaeologists have warned, according to British news organizations.The items, allegedly being sold in London, include gold and silver Byzantine coins as well as Roman pottery and glass worth hundreds of thousands of dollars, the Times newspaper reported Wednesday.

The London paper compared the phenomenon with Africa’s “blood diamond” industry, in which money raised by the sale of African diamonds financed wars and conflicts across the continent.

“I get approached all the time about looted artifacts, whether it’s directly from someone who’s trying to sell it or images that were sent to somebody who has offered to buy it,” Christopher Marinello, director of Art Recovery International, told the Times. His group specializes in the identification and recovery of stolen and disputed art and antiquities.

Marinello said one item alone could be worth tens of thousands of dollars, but the more valuable and unique the item, the more scrutiny there will be, and so collectors tended to shy away from more valuable items. He said the trade then tended to be in “middle-value objects that don’t stand out.”

The newspaper also quoted Michael Danti, an archaeologist with the Syrian Heritage Initiative, as saying that the Islamic State was known to be involved.

“We see heavy looting in ISIS-controlled areas,” Danti was quoted as saying, using another acronym for the militant group. “Also, common sense: ISIS controls smuggling.”

The smuggling is thought to take place via Turkey, Jordan and Lebanon, the Times reported, routes also known for smuggling people, guns and drugs.

BBC’s Radio 4 also took David Gill, professor of archaeological heritage at University Campus Suffolk, to unnamed London galleries to find out whether he could spot any looted artifacts.

“We went into one gallery and were chatting about a piece and the person quite openly said, ‘We just got this out of Syria,’ and we sort of looked at each other and said that’s really quite interesting, and he said, ‘Oh, well, this piece is more interesting. It has just come from Iraq,’ ” the archaeologist told Radio 4. “So it’s quite open in that sense.”

Robert Jenrick, a member of Parliament and former director of the auction house Christie’s, called the trade “the greatest threat to culture since the end of the Second World War and also, more pressingly, a major source of revenue to ISIS and the Assad regime,” the Times reported. Syrian President Bashar al-Assad has been battling a rebellion since 2011.

Jenrick said, however, that such looted artifacts had not appeared on the open market yet.

A spokeswoman for the Metropolitan Police told the newspaper that police had “four live investigations, all of which require liaison with foreign jurisdictions,” into the matter. She said no arrests had been made, however.