(LONDON) MET Economic Crime Command Report: Detectives have made the UK’s largest cryptocurrency seizure worth nearly £180million, superseding the previous record set just weeks ago #AceNewsDesk report

#AceNewsReport – July.13: The seizures were made by detective from the Met’s Economic Crime Command on the back of intelligence received about the transfer of criminal assets. They form part of an ongoing investigation into international money laundering.

#AceDailyNews report that detectives break record in new cryptocurrency seizure worth nearly £180million this is believed to be one of the largest seizures globally and tops the £114million confiscation made by the Met on Thursday, 24 June as the investigation continues.

A 39-year-old woman was arrested on 24 June on suspicion of money laundering offences. She was released on bail: The same woman was interviewed under caution in relation to the discovery of the near £180 million worth of cryptocurrency on Saturday 10 July. She has been bailed to a date in late July:

Detective Constable Joe Ryan said: “Less than a month ago we successfully seized £114million in cryptocurrency. Our investigation since then has been complex and wide-ranging. We have worked hard to trace this money and identify the criminality it may be linked to. Today’s seizure is another significant landmark in this investigation which will continue for months to come as we hone in on those at the centre of this suspected money laundering operation.”

Deputy Assistant Commissioner Graham McNulty said: “Proceeds of crime are laundered in many different ways. While cash still remains king in the criminal word, as digital platforms develop we’re increasingly seeing organised criminals using cryptocurrency to launder their dirty money: Whilst some years ago this was fairly unchartered territory, we now have highly trained officers and specialist units working hard in this space to remain one step ahead of those using it for illicit gain: The detectives on this case have worked tirelessly and meticulously to trace millions of pounds worth of cryptocurrency suspected of being linked to criminality and now being laundered to hide the trail. Those linked to this money are clearly working hard to hide it. Our investigation will stop at nothing to disrupt the transfer and identify those involved.”

#AceNewsDesk report ………Published: July.13: 2021:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily all of our posts fromTwitter can be found here: https://acetwitternews.wordpress.com/ and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#crime, #cryptocurrency, #economic, #london, #met

(LONDON) Southwark Crown Court Report: A money laundering prevention expert has found guilty of financial crimes after failing to disclose financial information at his own company #AceNewsDesk report

#AceNewsReport – June.27: Thorncroft, 56 (19.09.64) of Chelsfield Lane, Orpington, was found not guilty of money laundering: He was bailed and will be sentenced at the same court on 30 July:

Appearing at Southwark Crown Court on Wednesday, 23 June, Dominic Thorncroft, the former chairperson of the Association of UK Payment Institutions (AUKPI) for 14-years, and a company director of a money service business (MSB) and the company’s Money Laundering Regulation Officer (MLRO), was found guilty at Southwark Crown Court of committing the following six offences:

[Dominic Thorncroft]

[Dominic Thorncroft]

  • Failing to submit a suspicious activity report (SAR), (contrary to section 330 & 334 of POCA);
  • Four counts of retaining unlawful credit (contrary to section 24A(1) and (6) of the Theft Act 1968);
  • One offence of breaching Money Laundering Regulations (contrary to regulation 45 of the MLR).

Thorncroft’s trial started on Tuesday, 1 June. 

The investigation into Thorncroft began in June, 2016, after officers executed a search warrant at the offices of his MSB company, based in Peckham. 

A laptop used by the defendant was seized and on it officers found the contents that showed the MSB had received money from over 60 individuals who were defrauded. 

Officers discovered that between late July and late October 2014, over 60 victims paid out a total of nearly £850,000 after being contacted over the phone by a ‘salesman’ who persuaded them to invest in a money-making scheme of some sort. The type of scheme was not always the same, but what all the money-making schemes had in common was that they did not exist. 

All of the fraudulent money was credited to the bank accounts of the MSB that Thorncroft was a director of. 

Most of the money was then transferred out of Thorncroft’s account and onto the fraudsters based in Hong Kong and China. 

As part of the Met’s Economic Crime Team’s investigation, officers were confident that the money that was received into the bank account was then transferred out of the UK and it was the proceeds of the criminal conduct. 

Thorncroft was known to have met with one of the fraud suspects as well as having a copy of the suspect’s passport. He failed to disclose this information to the police in 2014. Consequently, he was found guilty of failing to submit a SAR as he was under a legal obligation to report suspicious activity. 

Thorncroft was also found guilty of retaining monies belonging to four of the victims which totalled approximately £16,000.

The one count of breaching Money Laundering Regulations relates to a separate transfer in February 2016. That transfer involved a person who was subject to a Serious Crime Prevention Order which prohibited them from remitting money overseas. The transfer in question was £265,000.

It wasn’t until 3 April, 2019, that officers interviewed Thorncroft under caution. He was further interviewed under caution on 30 April and 14 May that year.   

It was on 7 May, 2020, that officers were able to charge Thorncroft with the offences. 

Detective Sergeant Mark Hoddinott, from the Central Specialist Crime Command (Economic Crime), said at conviction: “This was a really complex fraud investigation where a person with serious responsibilities and knowledge of the regulations around anti-money laundering failed in their duties to make the required disclosures to the authorities: If Thorncroft had complied with his own company policies then he would not have been prosecuted. Instead, he paid absolutely no regards to his overriding duty to anti-money regulations; consequently, many individuals suffered great financial loss and considerable personal trauma: In his role as the chairperson of AUKPI when these crimes were being committed by him, Thorncroft worked closely with law makers, regulators, banks and other financial institutions, representing the interests of the money remittance sector. The AUKPI provided its members with anti-money laundering training: I’m really pleased that a dedicated team of Met officers investigating this case have secured this conviction, especially grateful to Detective Constable Silje Mikkelsen for her investigative tenacity and commitment to supporting the victims. I would also like to express my thanks and gratitude to the jury who I am sure at times found the case being presented before them complex and possibly confusing: This conviction is a reminder to those working in the regulated sector of their duties when it comes to money laundering regulations.”

#AceNewsDesk report ……….Published: Jun.27: 2021:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily all of our posts fromTwitter can be found here: https://acetwitternews.wordpress.com/ and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#crime, #economic, #financial, #laundering, #london, #met, #money

(LONDON) MET Economic Crime Command Report: Specialist detectives investigating money laundering offences made the seizure worth £114 million – the largest cryptocurrency seizure in the UK and believed to be one of the largest globally #AceNewsDesk report

#AceNewsReport – June.25: The seizure was carried out by detectives from the Met’s Economic Crime Command on the back of intelligence received about the transfer of criminal assets:

#AceDailyNews reports that MET detectives Met have made on of the the world’s largest cryptocurrency seizures across the capital that officers say has an inherent link between laundering and violence as their investigation is continuening …..

The investigation continues:

Detective Constable Joe Ryan said: “Criminals need to legitimise their money otherwise it risks being seized by law enforcement. The proceeds of crime are almost always laundered to hide the origin, but by disrupting the flow of funds before they are reinvested, we can make London an incredibly difficult place for criminals to operate.”

Deputy Assistant Commissioner Graham McNulty said: “Every single part of the Met is working to reduce violence on the streets of London as an absolute priority, this includes our financial investigators. 

“There is an inherent link between money and violence. Violence is used to extort, blackmail, burgle, control and exploit. It’s used to protect criminal profits and maintain control of territories.

“Cash remains king, but as technology and online platforms develop, some are moving to more sophisticated methods of laundering their profits. But, we have highly trained officers and specialist units working day and night to remain one step ahead.

“These officers not only work to disrupt and seize funds being transferred digitally, they continue to deprive criminals of hard cash. In the financial year 2020/21, we have seized more than £47 million from the hands of criminals. This cash can no longer be reinvested in crime, it cannot be used to buy and peddle drugs and weapons, and cannot be used to entice and exploit young and vulnerable people into criminality.”

#AceNewsDesk report ……Published: Jun.25: 2021:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily all of our posts fromTwitter can be found here: https://acetwitternews.wordpress.com/ and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#cryptocurrency, #detectives, #economic, #london, #met

‘ BARACK OBAMA SECRETLY NEGOTIATING TPP AGREEMENT FOR ONE WORLD ECONOMIC SYSTEM ‘

#AceNewsServices – Nov.14 – Barack Obama is secretly negotiating the largest international trade agreement in history, and the mainstream media in the United States is almost completely ignoring it. 

If this treaty is adopted, it will be the most important step toward a one world economic system that we have ever seen. 

The name of this treaty is “the Trans-Pacific Partnership“, and the text of the treaty is so closely guarded that not even members of Congress know what is in it.  Right now, there are 12 countries that are part of the negotiations: the United States, Canada, Australia, Brunei, Chile, Japan, Malaysia,Mexico, New Zealand, Peru, Singapore and Vietnam. 

These nations have a combined population of 792 million people and account for an astounding 40 percent of the global economy. 

And it is hoped that the EU, China and India will eventually join as well.  This is potentially the most dangerous economic treaty of our lifetimes, and yet there is very little political debate about it in this country.

SOURCE:  

#ANS2014 

#agreement, #economic, #international, #system, #trade

NORTH AMERICA: ‘ Task-Force Recommends Prioritising Canada-Mexico-US Foreign Policy ‘

#AceNewsServices  NORTH AMERICA: On October 02 a new CFR-sponsored Independent Task Force report, North America: Time for a New Focus, asserts that elevating and prioritizing the Canada-Mexico-U.S. relationship offers the best opportunity for strengthening the United States and its place in the world.

“It is time to put North America at the forefront of U.S. policy,” the report says. “The development and implementation of a strategy for U.S. economic, energy, security, environmental, and societal cooperation with its two neighbours can strengthen the United States at home and enhance its influence abroad.”

The Task Force proposes a comprehensive set of recommendations for deepening North American integration, concentrating on four pivotal areas—energy, economic competitiveness, security, and community. These include:

ENERGY: 

Capitalizing on North America’s promising energy outlook. The North American countries need a regional energy strategy to strengthen the continent’s energy infrastructure, expand energy exports, support Mexico’s historic reforms, improve safety, and encourage harmonized policies to promote energy conservation and reduce carbon emissions.

“For economic, environmental, and diplomatic reasons, the Task Force recommends that the U.S. government encourage increased energy connections with Canada and Mexico. The U.S. government should approve additional pipeline capacity, including the Keystone XL pipeline,” the report says. “The Task Force also proposes that the United States end restrictions on energy exports, including oil and LNG (liquefied natural gas).”

ECONOMIC: 

Bolstering economic competitiveness through the freer movement of goods and services across borders. Upgrading infrastructure and policies across borders would interconnect national economies securely and efficiently. Recognizing trilateral economic interests, the United States should also include Canada and Mexico in its negotiations for the Transatlantic Trade and Investment Partnership (TTIP) and other free trade agreements.

“The United States’ ability to compete in a dynamic and competitive world economy would be strengthened by enhanced economic ties with Canada and Mexico,” the report explains. “The Task Force recommends working toward the free and unimpeded movement of goods and services across North America’s common borders.”

SECURITY: 

Strengthening security through a unified continental strategy and “continuous border innovation.” While working toward the goal of a unified security strategy for North America, the United States and Canada should support Mexican efforts to strengthen the democratic rule of law, dismantle criminal networks, contribute to the development of resilient and cohesive communities, and reduce arms smuggling and drug consumption.

“The United States should shift from border-centric security toward a strategy of combining perimeter protection with security in depth through the use of intelligence, risk assessment, shared capabilities, and joint actions throughout the region,” the report says.

IMMIGRATION: 

Fostering a North American community through comprehensive immigration reform, workforce development, and the creation of a mobility accord to facilitate the movement of workers. The U.S. Congress should pass comprehensive immigration reforms. To better aid the movement of North American workers, the three countries should also create a North American Mobility Accord, expand visas for skilled workers, streamline recognition of professional credentials, and develop a regional educational innovation strategy.

“The Task Force strongly recommends the passage of comprehensive federal immigration reform that secures U.S. borders, prevents illegal entry, provides visas on the basis of economic need, invites talented and skilled people to settle in the United States, and offers a pathway to legalization for undocumented immigrants now in the United States,” the report says.

CHAIRED BY: 

Chaired by David H. Petraeus, retired U.S. Army general and chairman of the KKR Global Institute, and Robert B. Zoellick, former president of the World Bank Group and chairman of Goldman Sachs’s International Advisors, the Task Force is composed of a diverse and distinguished group of experts that includes former government officials, scholars, and others. The project is directed by CFR Senior Fellow for Latin America StudiesShannon K. O’Neil.

Source:

#ANS2014 

#canada, #canada-mexico-us, #economic, #energy, #immigration, #mexico, #north-america, #security, #us

` Nigeria has Arrested `Two Britons ‘ and ` Ten Citizens ‘ on Charges of ` Bribery ‘ to Facilitate an Oil Theft ‘

#AceWorldNews – NIGERIA – March 28 – Nigeria has arrested two Britons and 10 of its own citizens on charges of trying to bribe a military officer to facilitate oil theft, Reuters reported, citing the military.

The suspects were immediately arrested for attempting to bribe the brigade commander for economic sabotage, said Major-General E.J. Atewe, commander of the military and police Joint Task Force for the oil-producing Niger Delta region.

Oil theft by armed gangs is rampant in Nigeria, Africa’s top crude-producing country.

#ANS2014

#africa, #bribe, #britons, #delta, #economic, #niger, #nigeria, #oil, #reuters, #theft

UK: ` Budget 2014 Documents and Details ‘

#AceNewsServices – Budget 2014: Documents and Details.  

Detail

The Chancellor of the Exchequer delivered his Budget to Parliament on 19 March 2014. This is the Budget in full and supporting documents.

Distributional analysis

The government has published regular distributional analysis of the impact on households of its reforms to tax, tax credits, benefits and public spending. It analyses the effects of the government’s policies on a cumulative basis, which means that it includes measures from all fiscal events since June Budget 2010, up to and including Budget 2014. It also includes changes that were announced before June Budget 2010 that have been implemented by the government.

Policy costings

The policy costings document sets out the assumptions and methodologies used in the government’s costing of policy decisions announced since Autumn Statement 2013. For each decision it contains a description of the measure, the base, the methodology for the costing (including relevant adjustments for behavioural responses) and highlights any areas of additional uncertainty.

Data sources

This document details all of the data sources used throughout the Budget 2014. In order to be transparent, it informs readers of the Budget where the data used in the charts, tables and text comes from and how it has been calculated.

This is the Budget in full. You can find supporting and related documents below.

Documents

Budget 2014

Ref: ISBN 978-1-4741-0071-7, PU1636, HC 1104 2013-14PDF, 2.05MB, 120 pages

Budget 2014 (print file)

Ref: ISBN 978-1-4741-0070-0, PU1636, HC 1104 2013-14PDF, 2.91MB, 130 pages

Order a copy

This file may not be suitable for users of assistive technology.Request a different format.

If you use assistive technology and need a version of this document in a more accessible format please email editor@hmtreasury.gsi.gov.uk quoting your address, telephone number along with the title of the publication (“Budget 2014 (print file)”), and its references (ISBN: 978-1-4741-0070-0, Unique reference: PU1636, HC: 1104 2013-14).

Impact on households: distributional analysis to accompany Budget 2014

Ref: ISBN 978-1-909790-80-3, PU1639PDF, 327KB, 28 pages

Budget 2014: policy costings

Ref: ISBN 978-1-909790-83-4, PU1638PDF, 617KB, 73 pages

Budget 2014: data sources

Ref: ISBN 978-1-909790-82-7, PU1641PDF, 320KB, 56 pages

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#acefinancenews, #budget, #budget-2014, #budget-day, #chancellor-of-the-exchequer, #economic, #george-osborne, #hm-treasury, #policy

` One Hundred Russian Businessmen and Politicians allegedly targeted for ` EU Sanctions ‘ – Media Reports ‘

#AceWorldNews A list has surfaced containing the names of more than 100 Russian businessmen and politicians allegedly targeted for European Union Economic Sanctions. German newspaper Bild reported Igor Sechin, CEO of the world’s largest-listed oil company is on the list.

Alexey Miller, head of state-owned Gazprom and Vladimir Yankunin, who runs Russian

Railways, are both rumoured to be on the ‘list’.

“This is stupid, petty and obvious sabotage of themselves most of all,” Rosneft spokesman Mikhail Leontyev said by phone, Reuters reports.

Rosneft’s official comment echoes that of Sergey Lavrov, Russia’s foreign minister, who warned any sanctions against Moscow will have a “boomerang” effect.

“I hope this all ends up as being empty rhetoric,” Leontyev said in response to the Bild’s report that Sechin is on the list of key targets.

The US and EU have warned that Russia’s actions in Crimea will be followed by economic sanctions, and it won’t be “business as usual” with Russia.

More precise actions are expected on March 17, following a referendum vote in Crimea taking place this Sunday.

Reuters – RT – News Sources

#ANS2014

#crimea, #economic, #eu, #european-union, #gazprom, #german-newspaper-bild, #moscow, #russias, #russian, #sanctions, #us

Iran Is Now Obama’s BFF

#AceWorldNews says “Globalisation of a Planet” takes place in three stages ,economic, political and dehumanisation. At present we are at stage one ,if this does not work governments will move to stage two #control

PA Pundits - International

caruba_alan20080111By Alan Caruba ~Cartoon - Unstable World

News about events in Syria took a nosedive the moment the Russians stepped in to take on the job of destroying Bashar Assad’s arsenal of poison gas. It’s not as if Syrians aren’t still dying.

One of the few reliable journalistic enterprises, The Wall Street Journal, put Syria on its front page on December 3. “U.S., Allies Reach Out to Syria’s Islamist Rebels.” One is tempted to wonder out loud whether the U.S. still has any allies given the way Obama has betrayed those who stuck with us through the Cold War and since, along with the Gulf State nations for whom the U.S. has provided an umbrella of military protection.

“The U.S. and its allies held direct talks with key Islamist militias in Syrian, Western officials say, aiming to undercut al Qaeda while acknowledging that religious fighters long shunned by Washington have gained on…

View original post 704 more words

#aceworldnews, #dehumanisation, #economic, #globalisation, #governments, #political