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☆ Opinion: How my homeland Haiti came to be such a troubled place
▼ + stars: | 2024-03-15 | by ( Opinion Garry Pierre-Pierre | ) edition.cnn.com time to read: +16 min

CNN —The last few weeks have brought unthinkable upheaval in Haiti, a country that is no stranger to tragedy and suffering. Nothing can compare to the current upheaval in Haiti though, and I would expect new waves of Haitians to seek refuge on foreign shores. Haiti needs help combating corruption and loosening the stranglehold that the country’s oligarchic masters have on its economy. He remains sequestered in Haiti however, because he knows that leaving would mean his business would be looted and pillaged. Although formidable challenges lie ahead, the path to peace and stability in Haiti is possible with help from Washington.

Persons: Garry Pierre, Pierre, Gary Pierre, Ariel Henry, Henry, —, ‘ Papa Doc ’, François “ Papa Doc ” Duvalier, Jean, Claude “ Baby Doc ” Duvalier, Claude Duvalier, Bertrand Aristide, Duvalier, — Aristide, ”, Jimmy, Giles Clarke, Jimmy Cherizier, Guy Philippe, Aristide, Philippe, Cherizier, Henry’s, Uncle Sam, strongmen, America sneezes Organizations: Haitian Times, New York Times, World Trade Center, City University Graduate School, Journalism‘s Center for Community, Ethnic Media, CNN, Haitian, ., UN, Haiti, US, Haiti —, Caribbean, Alcohol, Tobacco, Firearms, Drug, Agency, America Locations: New York, Haitian, Haiti, Puerto Rico, Caribbean, France, Canada, Washington, Kenya, Nairobi, Port, Haiti’s, Africa, Delmas, Prince, Jamaica, America, Maryland

☆ Opinion: Why gangs hold so much power in Haiti
▼ + stars: | 2024-03-15 | by ( Opinion Garry Pierre-Pierre | ) edition.cnn.com time to read: +16 min

CNN —The last few weeks have brought unthinkable upheaval in Haiti, a country that is no stranger to tragedy and suffering. Nothing can compare to the current upheaval in Haiti though, and I would expect new waves of Haitians to seek refuge on foreign shores. After securing its independence, Haiti was subjected to neocolonialism and neglect by the global superpower on its doorstep, the US. Haiti needs help combating corruption and loosening the stranglehold that the country’s oligarchic masters have on its economy. He remains sequestered in Haiti however, because he knows that leaving would mean his business would be looted and pillaged.

Persons: Garry Pierre, Pierre, Ariel Henry, Henry, —, ‘ Papa Doc ’, François “ Papa Doc ” Duvalier, Jean, Claude “ Baby Doc ” Duvalier, Claude Duvalier, Bertrand Aristide, Duvalier, — Aristide, ”, Jimmy, Giles Clarke, Jimmy Cherizier, Guy Philippe, Aristide, Philippe, Cherizier, Henry’s, Uncle Sam, strongmen, America sneezes Organizations: Haitian Times, New York Times, World Trade Center, City University Graduate School, Journalism‘s Center for Community, Ethnic Media, CNN, Haitian, ., UN, Haiti, US, Haiti —, Caribbean, Alcohol, Tobacco, Firearms, Drug, Agency, America Locations: New York, Haitian, Haiti, Puerto Rico, Caribbean, France, Canada, Washington, Kenya, Nairobi, Port, Haiti’s, Africa, Delmas, Prince, Jamaica, America, Maryland

WASHINGTON (AP) — The Biden administration is rolling out new recordkeeping rules for U.S. investment advisers in its continued effort to clamp down on money laundering, illicit finance and fraud in the American financial system. The Treasury Department's Financial Crimes Enforcement Network — known as FinCEN — proposed a regulation on Tuesday that would require investment advisers to develop anti-money laundering programs and file reports with the government when suspicious activity is detected by clients, among other things. Treasury last week proposed a rule that would require real estate professionals to report information to the agency about non-financed sales of residential real estate to legal entities, trusts and shell companies. All-cash purchases of residential real estate are considered at high risk for money laundering. The risk assessment also identified cases of Chinese and Russian individuals using investment advisers to access sensitive information and emerging technology, Treasury said.

Persons: —, Biden, ”, Andrea Gacki, Janet Yellen Organizations: WASHINGTON, Treasury, House Locations: U.S, United States

☆ Opinion: Why crypto was the perfect tool for criminals and kleptocrats
▼ + stars: | 2023-12-02 | by ( Opinion Casey Michel | ) edition.cnn.com time to read: +6 min

CNN —The news last week of money laundering charges against crypto exchange Binance and its CEO, Changpeng Zhao, sent shockwaves through both financial markets and crypto consumers alike. But for those familiar with the history of modern money laundering, they’re hardly surprising. Over and again, everything from Manhattan high-rises to Malibu beachfronts to Midwest manufacturing plants have allegedly housed illicit wealth, easily and anonymously. But crypto was also, in many ways, the perfect tool for kleptocrats and criminals trying to dodge sanctions and duck investigators. Like banks, real estate and more before it, the best days of the crypto industry as a haven for money laundering may yet be behind it.

Persons: Casey Michel, Changpeng Zhao, Zhao, ”, Versha Sharma, Hamas’s Al, they’re, —, kleptocrats Organizations: CNN, Wall Street Journal, Binance, Hamas’s, ISIS, Patriot Locations: Washington, American, Manhattan, Malibu, Midwest

Nigeria's Petroleum Minister Diezani Alison-Madueke (C) attends the flag-off for Nigeria's President Goodluck Jonathan's campaign for a second term in office, in Lagos January 8, 2015. REUTERS/Akintunde Akinleye/File Photo Acquire Licensing RightsSummary Ex-minister was arrested in London in 2015Police allege lavish lifestyle came from corruptionAssets frozen in UK, seized in U.S., NigeriaLONDON, Aug 22 (Reuters) - British police said on Tuesday they had charged former Nigerian oil minister Diezani Alison-Madueke with bribery offences, saying they suspected she had accepted bribes in return for awarding multi-million pound oil and gas contracts. Alison-Madueke, 63, served as petroleum minister from 2010 to 2015, under former President Goodluck Jonathan. A London lawyer who was acting for her in 2015 did not immediately respond to a request for comment. News of the British charges comes a month after a London court ordered the confiscation of $130 million from a former Nigerian oil state governor, James Ibori, in an unrelated but equally high-profile case involving political corruption in Nigeria.

Persons: Diezani Alison, Goodluck Jonathan's, Akintunde, Alison, Madueke, Goodluck Jonathan, Andy Kelly, St John’s Wood, Cartier, Louis Vuitton, James Ibori, Michael Holden, Estelle Shirbon, Giles Elgood Organizations: Nigeria's Petroleum, Nigeria's, REUTERS, Police, Nigeria LONDON, British, Organization of, Petroleum, NCA, Westminster Magistrates, Louis, U.S . Department of Justice, Thomson Locations: Lagos, London, U.S, Nigeria, Africa's, Britain, United States, St John’s, Westminster

☆ Convicted Nigerian politician Ibori faces huge UK confiscation order
▼ + stars: | 2023-07-20 | by ( Estelle Shirbon | ) www.reuters.com time to read: +2 min

LONDON, July 20 (Reuters) - A London court should order the confiscation of more than 100 million pounds ($129 million) from Nigerian politician James Ibori, a convicted fraudster who spent years in prison in Britain, a state prosecutor told the court on Thursday. A former governor of oil-producing Delta State in southern Nigeria, Ibori was extradited in 2011 from Dubai to London, where he was charged with laundering a corruptly acquired fortune. He told Reuters by text message he planned to appeal against the confiscation order. In 2021, it returned 4.2 million pounds that had been confiscated from Ibori's ex-wife and his sister, who also served jail time for helping him launder money. ($1 = 0.7745 pounds)(This story has been corrected to say the judge made 'factual findings' not a 'confiscation order' after clarification from judge, in paragraph 6)Reporting by Estelle Shirbon; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

Persons: James Ibori, fraudster, Ibori, David Tomlinson, Jonathan Kinnear, Bola Tinubu, Estelle Shirbon, Alex Richardson Organizations: Delta, Southwark Crown, Thomson Locations: Nigerian, Britain, Delta State, Nigeria, Dubai, London, Southwark, Ibori, Ibori's

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