Money laundering


Jim Can wanted in Belize tax scheme linked to Calgary kidnapping

By Timothy Sawa, CBC News Posted: Oct 09, 2014 5:00 AM ET The Canadian businessman wanted as part of a giant U.S. investigation involving stock fraud, tax evasion and money laundering in Belize says in an email to CBC News that he wants to tell his “full true story … that will shock the world.” Jim Can has a controversial past in Canada, including allegations he was involved in the kidnapping of a Calgary businessman who was held at gunpoint by two associates of the Hells Angels, CBC News reported Thursday. Can faces several charges in the U.S. following a two-year undercover investigation by the […]


International Narcotics Control Strategy Report

United States Department of State Bureau for International Narcotics and Law Enforcement Affairs Money Laundering and Financial Crimes March 2015 Belize is not a major regional financial center; however, it has a substantial offshore financial sector. The Government of Belize continues to encourage the growth of offshore financial activities that are vulnerable to money laundering, including offshore banks, insurance companies, trust service providers, mutual fund companies, and international business companies. The Belizean dollar is pegged to the U.S. dollar, and Belizean banks continue to offer financial and corporate services to nonresidents in the offshore financial sector. Belizean officials suspect there […]


The State’s Secret: Belize’s Money Laundering Regime

By Grace Kranstover and Ragini Chatterjee Nestled on the northeastern coast of Central America, Belize is often named one of Central America’s most beautiful vacation destinations. With its ornate coral reefs and rainforest, the small English-speaking country has plenty to offer for tourists looking for tropical adventures. Yet, Belize is rapidly becoming known to the international community for attracting many drug trafficking organizations known for transporting marijuana and cocaine into North America. Since the country’s currency is conveniently pegged to the U.S. dollar, Belize also offers nonresidents the opportunity to run offshore accounts. Money laundering has become a prime form […]


Belize Firm Charged in $500 Million Tax Evasion Scheme

IPC Management Services LLC, a Belize-based investment firm, and its founder were accused of a $500 million scheme to launder money and hide investments as part of a U.S. crackdown on tax evasion. Robert Bandfield, a U.S. citizen, was charged in an indictment unsealed today in Brooklyn federal court with conspiring to commit securities fraud, tax fraud and money laundering. Five other individuals and six companies are accused of taking part in the plan that involved as many as 100 U.S. clients, according to prosecutors. The defendants -Robert Bandfield, Andrew Godfrey, Kelvin Leach (Titan), Rohn Knowles, Brian De Wit and […]


Possible Terrorist ties in Belize

(C) ZUBAIR KHAN — RSO SOURCE ALLEGES PAKISTANI-BELIZEAN DRUG TRAFFICKING, MONEY LAUNDERING, POSSIBLE TERRORIST TIES Date: 2008 April 4, 21:28 (Friday) Canonical ID: 08BELMOPAN192_a Original Classification: CONFIDENTIAL Current Classification: CONFIDENTIAL Handling Restrictions: – Not Assigned – Character Count: 3548 Executive Order: – Not Assigned – Locator: TEXT ONLINE TAGS ASEC – Administration–Security | BH- Belize | CVIS – Consular Affairs–Visas | KCRM – Criminal Activity |PTER – Political Affairs– Terrorists and Terrorism Concepts: – Not Assigned – Enclosure: – Not Assigned – Type: TE Office Origin: – N/A or Blank – Archive Status: – Not Assigned – Office Action: – […]


Hezbollah in Belize for years 3

A Wikileaks cable dated April 4, 2008, purportedly from the U.S. Embassy in Belize, about terrorism suspects in Belize was released one year ago, on September 11, 2011. The cable suggested that a Pakistani-Belizean national was involved with drug trafficking, money laundering, and had possible ties to the dangerous Hezbollah and al-Qaeda terrorist networks. Reference ID Created Classification Origin 08BELMOPAN192 2008-04-04 21:28 CONFIDENTIAL Embassy Belmopan VZCZCXYZ0013 RR RUEHWEBDE RUEHBE #0192 0952128 ZNY CCCCC ZZH R 042128Z APR 08 FM AMEMBASSY BELMOPAN TO RUEHC/SECSTATE WASHDC 1227 INFO RUEHME/AMEMBASSY MEXICO CITY 0172 C O N F I D E N T I […]


Why the secret world of Belize business alarmed US drug agents 3

Rob Evans, David Hencke and David Pallister The Guardian, Monday 4 June 2001 09.44 EDT US documents obtained by the Guardian reveal for the first time why the drug enforcement agency and other US authorities were so concerned about millionaire Tory treasurer Michael Ashcroft’s offshore world in the 1990s. The original discovery that references to the Florida-based Tory donor existed in DEA files led to controversy two years ago. Mr Ashcroft issued a libel writ against the Times, which published a correction, and he declared there was nothing to support “allegations that I am a drug runner and money launderer.” […]


Belize in money laundering scheme originating from Argentina

Belize is being named in an alleged money laundering scheme originating in Argentina and spanning many countries.  Press reports say that a leading Argentinean businessman, Lazaro Baez; his son, Martin Baez; and others were accused of money laundering in recent days.  The allegations surfaced through a television program of a well established journalist who linked the Baez family to the deceased Argentinean President, Nestor Kirchner.  According to a report in the Buenos Aires Herald, “People’s eyes have been opened to a grotesque display of greed and opulence that is financed; it appears, from kickbacks on public work projects. Viewers have […]


BELIZE'S MONEY-GRAM MONEY LAUNDERING INVESTIGATIONS

Reference ID Created Released Classification Origin 09BELMOPAN229 2009-06-11 20:53 2011-08-30 01:44 UNCLASSIFIED Embassy Belmopan VZCZCXYZ0000 RR RUEHWEB DE RUEHBE #0229 1622053 ZNR UUUUU ZZH R 112053Z JUN 09 FM AMEMBASSY BELMOPAN TO RUEHC/SECSTATE WASHDC 1873 INFO RUEHAK/AMEMBASSY ANKARA 0001 RUEHPE/AMEMBASSY LIMA 0004 UNCLAS BELMOPAN 000229 SIPDIS FOR WHA/CEN – JENNIFER VAN TRUMP E.O. 12958: N/A TAGS: SNAR EFIN EINV BH SUBJECT: BELIZE’S MONEY-GRAM MONEY LAUNDERING INVESTIGATIONS ¶1. Recent GOB investigations into money laundering operations conducted through a MoneyGram sub-agency in Belize have revealed identity theft through the fraudulent use of the Belize City Council’s drivers license database during the period […]