SPCS

SOCIETY FOR PROMOTION OF COMMUNITY STANDARDS INC.

Police confiscate lifestyle block of director charged with money laundering

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The owner of a $2 million lifestyle block seized by police under the Criminal Proceeds (Recovery) Act, has left the country before detectives could press charges against him. He is the sole director and shareholder of an Auckland company and he and his finance manager have been jointly charged with laundering $1.9 million in the past year. The charges laid against them were the second phase in Operation Acacia, a joint operation between the newly formed police Organised and Financial Crime Agency (OFCANZ) and the Auckland metro crime squad.

For full story see http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10660608

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Money laundering, shell companies, criminal connections and porn

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The charges recently laid by the Companies Office against Lu Zhang for her alleged offences against s. 373 of the Companies Office Act 1993 – signals a new era of reform: a war against the abuse of the Companies Office register by unscrupulous company directors. By providing false residential and/or registered office addresses they seek to avoid full accountability to enforcement agencies, evade authorities and hide financial matters. Full credit to reporter Michael Field of Fairfax Media who broke the story about multiple shell companies operating out of an Auckland Queen Street building and their alleged links to illegal arms trafficking involving North Korea.

Criminal activities linked to prostitution and human trafficking, the international porn trade, drug and weapons trafficking, have all been linked to money laundering of the proceeds of crime.

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Money laundering, shell companies, criminal connections and porn

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The Society has learnt from a source today that the National Police Headquarters is hosting a conference this week in Wellington that is looking at the issues of money laundering and criminal connections within New Zealand, as well as overseas criminal links. A Police media spokesperson contacted has confirmed that the conference is not open to the public and that one of the areas that may be looked at in depth is the relationship between money laundering and crime, and shell companies. [Read more…]