December 6, 2019

[FBME:] A new bank of crooks and criminals

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By John Berthelsen From Asia Sentinel Death on the street Another businessman named Alexander Perpilichny fled Russia in 2010, to hand Swiss prosecutors details of the alleged involvement of senior Russian officials in the Hermitage theft, only also to end up dead, collapsing on a London street as he jogged. Although two autopsies turned up […]

International investment firm ordered shut in Bermuda

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By John Berthelsen From Asia Sentinel Lebanese Saab brothers’ Bermuda unit closed by courts The Supreme Court of Bermuda has ordered the Bermuda arm of the controversial empire of the Lebanese Saab brothers liquidated following an investigation by KRyS Global, an international fraud investigation and dispute resolution firm. Ayoub-Farid and Fadi Saab are the beneficial […]

US Treasury rules FBME ‘still a money laundering concern’

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BY THE GUARDIAN REPORTER From IPP media The US Treasury`s Financial Crimes Enforcement Network (FinCEN) has issued a final ruling confirming the Tanzanian-headquartered Federal Bank of the Middle East (FBME) as an institution of “primary money laundering concern.” The Bank of Tanzania (BoT) placed FBME under statutory management in 2014 after the United States Treasury […]