The million dollar New York and Virginia purchases, allegedly made by indicted TrumpGate defendant, Paul Manaford, were made with wire transfers that apparently originated in Cyprus. What bank compliance officers allowed these funds to come into the United States, into obvious shell companies, from such a well-known Russian tax haven ?
And Delaware shell companies, like were used in the Riggs Bank case. Just how much compliance malpractice can you take for one day ? There were so many Cyprus & Delaware companies, it looked like a classroom fact pattern. Let us hope that somebody at FinCEN identifies those banks, and names & shames them sufficiently to scare others into red-lining wire transfers when they should.
Chronicles of Monte Friesner - Senior Financial Crime Analyst
Contributed by Kenneth Rijock - Financial Crime Consultant