Democrats have said they plan to raise the threshold of President Joe Biden’s radical proposal that all bank transactions of more than $600 be reported to the Internal Revenue Service (IRS). The initial proposal (pdf)—which Biden says is aimed at curbing tax evasion—would require banks and other financial institutions to report to the IRS any deposits or withdrawals totaling…
Democrats ‘Reach Agreement’ to Raise $600 Cap on Biden’s Proposal on IRS Reporting and Surveillance
September 27, 2021
admin
Business & EconomyDemocratsEconomieseconomyExecutive BranchInternal Revenue Servicemoney launderingpersonal dataPolicyPoliticstax gapUSUS News
0 Comment
Chinese National Sentenced to 7 Years in Prison Over Money-Laundering Scheme to Aid Drug Traffickers
August 4, 2021
admin
ChinaChinese RegimeCrime and IncidentsDepartment of JusticeDrug Enforcement Administrationmoney launderingUS
0 Comment
A Chinese national found guilty of a money-laundering scheme to move tens of millions of drug proceeds was sentenced to seven years in prison on Aug. 3, while his Chinese co-conspirator pleaded guilty a day earlier, the U.S. Department of Justice (DOJ) announced. Li Xizhi, 48, who pleaded guilty to a money laundering charge on…
Bosnia Intelligence Chief Detained in Money Laundering Probe
SARAJEVO, Bosnia-Herzegovina—Bosnian authorities have detained the head of the Balkan country’s state security agency in a probe that includes money laundering. Police on Wednesday detained Osman Mehmedagic, the head of the Intelligence Security Agency, for questioning, the prosecutor’s office said. Mehmedagic is under suspicion of abuse of position, falsifying of personal identification documents, and money…
Vancouver: Epicentre of China’s Massive Flow of Fentanyl into North America
Commentary For years, rampant money laundering in the city of Vancouver has facilitated the production and trafficking of illegal drugs. Through this ongoing laundering of illicit funds, both Chinese organized crime and Mexican cartels continue to profit from the ongoing fentanyl crisis in North America. The term “Vancouver Model” was coined by Australian international security…
Italy Says Busts China Money Laundering, European Metals Scam
June 16, 2021
admin
Asia & PacificChinaEuropeEuropean Metals ScamInternationalInternational Relationsmoney launderingWorld
0 Comment
Italian police said on Wednesday they had broken up a complex money laundering operation and an illegal metal recycling business that had enabled criminals to transfer huge amounts of illicit cash between Italy and China. The three-year investigation, coordinated by the anti-mafia prosecutor’s office in the northeastern city of Trieste, showed the enormous lengths gangs…
B.C. Money Laundering Commission to Hear From Experts as It Continues Probe
After a round of hearings in April with high-profile politicians, including former B.C. premier Christy Clark, the Cullen Commission will be hearing from expert witnesses in the coming weeks as it continues its investigation of widespread money laundering in B.C. Questions to current and former politicians appearing before the commission included probes on whether claims…
Former B.C. Cabinet Minister Denies Saying Government Knew About Casino Crime
VANCOUVER—A former cabinet minister denies telling a gaming investigator that members of the B.C. Liberal government knew about illegal activities at casinos and were doing little to prevent the crimes. Kash Heed told a public inquiry into money laundering that he recalls a lunch in Victoria in 2009 with former gaming investigator Fred Pinnock, but…
Chinese National Sentenced to 14 Years for Laundering Drug Money for Mexican Cartels
A federal judge in Illinois on Tuesday sentenced a Chinese national to 14 years behind bars for laundering the proceeds of illegal narcotics on behalf of Mexican drug traffickers, according to the Department of Justice (DOJ). U.S. District Judge Thomas M. Durkin imposed the sentence on April 27 after a hearing in federal court in…
Ex-BC Premier Christy Clark Denies Delay in Taking Action to Combat Money Laundering
Former B.C. Liberal premier Christy Clark, one of the high-profile witnesses to appear before the Cullen Commission this week, denied in her testimony that there were substantial delays in acting to investigate money laundering in the province when she was premier. During Clark’s time as premier, from 2011 to 2017, there was a significant rise…
Taiwan Charges Alleged Chinese Spies With Money Laundering
April 14, 2021
admin
Asia & PacificAustraliaChinaChina Business & EconomyChinese Regimechinese spyHK Current AffairsHong Kongmoney launderingTaiwanWorld
0 Comment
A Hong Kong couple was recently indicted for allegedly violating the Money Laundering Control Act in Taiwan, after being accused as Chinese spies by a defected Chinese military intelligence agent in 2019. Xiang Xin, CEO of the Hong Kong-based China Innovation Investment Ltd. (CIIL) and China Trends Holdings Ltd., and his wife, Kung Ching as…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta