Posts tagged MR. SOEWARNO

STANDARD CHARTERED TAKES AN AXE TO ITS UAE SME CUSTOMERS INSTEAD OF A AML SCALPEL

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IS THIS AN ADMISSION OF AML SYSTEMS IMPOTENCY?

axe

 

http://www.themalaymailonline.com/money/article/as-us-deadline-looms-stanchart-readies-to-close-thousands-of-uae-sme-custom

 

Standard Chartered has notified thousands of UAE small and medium enterprise customers it is closing their accounts as it responds to pressure from US regulators to cut its risks following an anti-money laundering settlement.

“We regret to notify you that Standard Chartered Bank will no longer be able to provide banking services to you, and your account(s) will be closed 30 days from the date of this letter,” the London-listed bank wrote in a letter to customers dated October 9.

The letter — seen by Reuters — has angered UAE customers, who say they have not been given enough time to close their accounts.

Under a settlement agreed with the New York State Department of Financial Services in August, the bank was fined US$300 million (RM9.82 billion) and given 90 days to end high-risk relationships with SMEs in the UAE and suspend processing of dollar-denominated payments for some clients at its Hong Kong unit.

The UAE central bank said in August that between 1,400 and 8,000 Standard Chartered accounts in the country were expected to be affected by the US settlement.

“The bank is putting a lot of peoples’ livelihoods at risk as businesses like ours have salaries and suppliers to pay,” said Louay al-Samarrai, managing director of Active Public Relations in Dubai, who has banked with Standard Chartered for 13 years.

“I need more than 30 days notice as it takes a minimum of a few weeks to set up a new account with another bank.”

In a statement, Standard Chartered said it would honor existing borrowing agreements with customers with loans, allowing them to pay back outstanding amounts under the existing repayment timetable. It would make every effort to minimize the inconvenience, it said.

Those affected by Standard Chartered’s exit have an annual sales turnover of between US$1 million and US$35 million, it added.

The bank had initially considered selling part of the SME business, sources familiar with the matter said in August, and several local banks Reuters spoke to had expressed a potential interest in buying the assets.

But the tight deadline imposed by the US regulator and the risk to potential buyers of handling accounts that could lead to further regulatory penalties proved stumbling blocks to a sale.

“In an ideal world you would sell it and get some value but in the overall scheme of things it’s not that large an asset. The key driver is to keep the regulator happy,” one of the sources with knowledge of the matter said.

Standard Chartered declined to comment on any potential plan to sell the SME business.

 

RICHARD MEDINA JR. (Attorney) + OMAR TREVINO CARO DEL CASTILLO (Co-Defendant) CHARGED WITH USING IOLTA FOR INTERNATIONAL MONEY LAUNDERING

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LAWYER

 

 

http://www.kpbs.org/news/2014/oct/17/san-diego-attorney-and-co-conspirator-charged-mone/

 

San Diego-based business attorney and an alleged co-conspirator appeared in San Diego federal court on Friday to face allegations that they laundered almost $12 million via international financial transactions in an attempt to promote their unlicensed money transmitting business.

Business attorney Richard Medina Jr., 38, and Omar Trevino Caro Del Castillo, 37, are charged with operating as a commercial enterprise, willing and able to transfer cash on behalf of third parties without registering with the Secretary of the Treasury, according to an indictment unsealed this afternoon.

In turn, the defendants’ customers availed themselves of the defendants’ ability to collect cash anywhere throughout the United States and transmit it anywhere in the world.

According to the indictment, the defendants obtained commissions for their services, extracting a fee from the millions of dollars transmitted abroad.

The indictment alleges that in an effort to mask the transmission of currency, Medina opened several “Interest on Lawyers Trust Accounts,” known as IOLTA accounts, at national financial institutions.

Other co-conspirators picked up cash at various locations throughout the U.S. and deposited the cash into one of Medina’s IOLTA accounts.

Prosecutors said that by depositing the money in the IOLTA accounts, the defendants, along with their clients abroad, intended to keep financial institutions from filing accurate federal forms for all currency transactions exceeding $10,000 during one banking day.

The defendants sent their clients’ funds intentionally through an informal and unlicensed transfer network, in furtherance of the conspiracy to promote the operation of the unlicensed money transmitting business, according to the indictment.

Caro Del Castillo was ordered held without bond based on risk of flight. Medina was ordered released on $200,000 bond.

PAULUS SNOEREN: VAPORIZED FROM THE INTERNET AT BLOGGER + 3 TIMES AT LINKEDIN but BACK UP ON FACEBOOK

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IF YOU HAVE EVIDENCE REGARDIN SOPHISTICATED FRAUD or MONEY LAUNDERING BY “PAULUS SNOEREN”, CONTACT US AT THE SKYPE NAMES ON TOP OF THIS PAGE.

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  • Paulus Snoeren | LinkedIn

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PAULUS YACHT
images (1)

THE FAKE PASSPORT HE USED

Paulus PHM SNOEREN M--passport

THE REAL MILOVAN SOLUNAC PASSPORT

unnamed

 

TELL US WHAT YOU KNOW ABOUT “PAULUS SNOEREN” SOPHISTICATED FRAUD + MONEY LAUNDERING ACTIVITIES

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IF YOU HAVE EVIDENCE REGARDING SOPHISTICATED FRAUD or MONEY LAUNDERING BY “PAULUS SNOEREN”, CONTACT US AT THE SKYPE NAMES ON TOP OF THIS PAGE.

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PICTURE HE USED ON HIS VAPORIZED SKYPE PROFILE

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IS THIS THE PERSON USING NAME “PAULUS SNOEREN”?

PS PICTURE

CLIVE CROMACK WITH GORDON SNAITH + ASSET MANAGEMENT AGREEMENT BASED ON COUNTERFEIT 2011 HSBC BANK DOCUMENT

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IF YOU HAVE EVIDENCE REGARDING SOPHISTICATED FRAUD or MONEY LAUNDERING ACTIVITIES BY CLIVE CROMACK WITH GORDON SNAITH, CONTACT US AT THE SKYPE NAMES ON TOP OF THIS PAGE.

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Clive Alan CROMACK--passport Gordon Snaith HSBC Certificate of Deposit-- 14 December 2011

13340323-0 13340323-1 13340323-2 13340323-3 13340323-4 13340323-5 13340323-6 13340323-7 13340323-8 13340323-9 Gordon Snaith