The Charities Commission has produced a very helpful guide explaining how those involved in the charity sector can, among other things, identify and guard against money launderers who aim to legitimise money sourced in illegal activities, by chanelling it through charities. It also explains how charity funds have been siphoned off to finance terrorism – whereby charities operate as mere fronts for money laundering operations. Illegal activities generating funding sources for terrorism can include the pornography industry (an exploitative and morally bankrupt multi-billion dollar sleaze industry world-wide) and its close bed mates prostitution and illegal drug trafficking. It can also involve those in the property development industry, for example company directors who set up a complex convoluted quagmire of company networks designed to avoid tax, confound enforcement agencies and safeguard their own financial interests, as opposed to those of their investors and secured and unsecured creditors, in situations where the companies become insolvent and are placed into liquidation or receivership. False residential addresses, bogus shareholding listings, NZ – based “virtual offices” run from overseas and multiple addresses listed across many companies for the same individual can be pointers for enforcement agencies in the direction of money laundering and even links to terrorism and/or illegal arms trading etc.
FORMAL COMPLAINT TO REGISTRAR OF COMPANIES:
RE: Company Directors David Bruce Crow and Stephen (Steve) Peter Crow
An Auckland company director could face five years’ jail for supplying false information to the Companies Office, according to Roger Wallis, a partner in law firm Chapman Tripp, as reported in today’s Dominion Post (13 Jan.P. A5). Rules need to be enforced he said. Mr Wallis identified an Auckland company that he said had clearly breached Section 377 of the Companies Act 1993 prohibiting the making of false statements by both the director and the person incorporating the company. [Read more…]
Commerce Minister Simon Power should discuss with officials the registration of companies with overseas directors such as John M Carr, after the recent flare up of controversy over New Zealand hardcore porn companies John Carr co- directs with “NZ Porn King” Steve Crow – which are all linked to a Florida registered professional association (P.A.) shareholder Carr Consulting P.A. Investigators should be looking at flaws in the New Zealand companies registration system that allowed a Texas-based NZ company director, John Malcolm Carr (see photo – http://www.carr.co.nz/images/jmc.jpg), with US and NZ citizenship, to falsely represent the shareholding of four NZ companies he directs (including Velocity Partners Ltd) and get away with it, using a false corporation name “Cuchara Inc” from 14 March 2000 until 16 December 2009.