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Far from providing leadership, the USA is increasingly creating friction with allies and alienating itself from countries that don't agree that ratcheting up sanctions against other countries is the best way to go. Add in the decision to recognise Jerusalem as the capital of Israel (and only Israel) and there is an increasing risk that the tables might turn and countries begin to apply sanctions against the USA. If that was to happen, what form could they take and which countries could be caught in the cross-fire?

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As PoTUS Trump continues to ramp up his rhetoric against North Korea and Iran, the FATF recently issued a statement relating to both countries. While there is accord about NoKo, the FATF and the USA do not speak as one with regard to Iran. Is this a problem?

We've been here before, or have we? Just six weeks ago was the tenth anniversary of the USA listing Banco Delta Asia of Macau and Hong Kong as being "of primary money laundering concern." But there was scant evidence of wrongdoing by BCA and what there was turned out to be largely made up. Is the Bank of Dandong, a mainland Chinese bank, any more culpable or is the USA back on the track of weapons of monetary destruction that don't really exist?

BIScom Subsection: 

There are endless difficulties in definitions. Here's an excellent example.

The USA is undertaking research into crime against and within ethnic racial groups. It is trying hard to define groups. Here's a quote: " If issuing specific guidelines for the collection of detailed White race and ethnicity data, should OMB adopt the NCT format, which includes separately German, Irish, English, Italian, Polish, and French?"

It's not the fault of the US Government that it's confused. We, the English, have the most tangled ethnicity imaginable. The only effective classification for us is "unclassifiable."

Differences in spelling are only part of the differences between these two criminal offences.

BIScom Subsection: 

The USA went into shock and meltdown and it continues to suffer from the after effects of the attacks on the World Trade Centre and other targets on 11 September 2001. It continues to use so-called Islamic Terrorism as an excuse for ever-tighter restrictions on its population and on visitors. And yet, while its people are being murdered in unprecedented numbers by Americans, for whom any affinity with Islam is rare, the USA Government refuses to entertain any view that there must be control over weapons in the hands of people.

Unlike reporting suspected tax fraud to the IRS, reporting suspicions of customs duty or tariff fraud can be a simple matter. But if you want to claim a reward, it's far more complex.

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California's Attorney-General Xavier Becerra is rightly pleased with himself. The United States Supreme Court was set to hear an appeal from the San Diego District Court in the case of Peruta v. California relating to the carrying of firearms in public, in particular concealed weapons. But seven of the nine Supreme Court Justices found that there were no grounds for appeal and dismissed it. The two who dissented included POTUS Trump's appointment, Justice Neil M. Gorsuch. The decision is unlikely to be the final word as Peruta and others claim their case is a constitutional matter and they almost never seem to go away, even if they are catatonic for a while.

Editorial Staff

How small is a country? We've seen, over the years, a number of what World Money Laundering Report calls "invented jurisdictions" but can one person be a country, even a country within a country? The so-called "sovereign citizens" movement in the USA says so and the authorities and the courts have been battling against the concept for years. Here's the current state of play.

In 2008, the USA removed North Korea from its list of State Sponsors of Terrorism. But as relations between KIM Jong Un and the rest of the world reach worrying levels of tension, the USA is getting ever closer to putting it back on the list. What does it mean and why are Malaysian banks exposed to a particularly high level of risk?

New York state is one of a number of US states that now require taxpayers in the state to provide a driving licence or other state (not necessarily NY)-issued identification when taxpayers file returns electronically. Federal tax systems do not have a similar requirement.

CoNet Section: 

A data breach affecting millions of US taxpayers may result in fraudulent tax returns in this current tax reporting season.

The USA's Internal Revenue Service has issued a notice relating to a spam scam that is prevalent as companies prepare tax information for employees (see US tax authorities warn of increasingly effective phishing spam-scam. It has also issued an explanation of how some fraudsters operate.

The USA's Internal Revenue Service has, for some time, been warning corporations of a spam-scam targeting companies. But now, it says, it has evidence that it is spreading into "school districts, tribal organizations and non-profits." and other sectors. But that's not all: the criminals have found a way of hitting the same targets twice.

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World Money Laundering Report vol 15 no 6 In this issue:
Political Correction, the rise of the centre

Default settings: Suspicion, PEPs and government linked money

Unintended Consequences: the FATF's criticism of the USA demonstrates a shift in power

 

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