Money Laundering | FinTelegram News

Category: Money Laundering

Money Laundering

January 23, 2023

Moises Fernandez Barea Facing Problems In Switzerland

Moises Fernandez, a Spanish national residing in Dubai, is not just involved in Dubai-based Jade Management Co. His network of companies spans across different jurisdictions. Up to early 2022, he was involved in Aexon, a Singapore payment processor, which vanished as soon as the media asked questions. Fintelegram and other independent media exposed the dodgy transactions of his Jade Management Co (known as Jade Capital UAE), Swiss Simnati Consulting Group SA, and the Austrian HBDIG Technologies GmbH.

January 15, 2023

Exposed! More Information About Alleged Money Laundering Scheme And Its Austrian Crypto Entity!

HBDIG Technologies GmbH was established in 2020 at the registered office in Seilerstaette 24 in Vienna. This is the address where one of the leading Austrian crypto law firms, Stadler Voelkel, has its offices. And the Austrian crypto non-profit Bitcoin Austria. The Spanish citizen Erik Aaron Lara Riveros, a Barcelona resident, established the company, which has no website. Nevertheless, the Austrian FMA has approved a crypto registration. This company was sold to the alleged money launderer Moises Fernandez (report here).

January 11, 2023

FCA Fined Guaranty Trust Bank £7,671,800 For Anti-Money Laundering Issues!

According to the FCA announcement, GT Bank failed to undertake adequate customer risk assessments, often not assessing or documenting the money laundering risks posed by its customers. The bank also failed to monitor customer transactions and business relationships to the required standard. These weaknesses were repeatedly highlighted to GT Bank by internal and external sources, including the FCA, but GT Bank failed to take appropriate action.

January 10, 2023

U.S. Crypto Exchange Coinbase Settles Money Laundering Case With $50 Million Penalty!

We have known for a long time that Coinbase accepts scam merchants and has a KYC problem. The New York regulator DFS has also recognized this. The U.S. crypto exchange Coinbase accepted a multi-million dollar fine for allegedly being too lax in its anti-money laundering precautions. The company settled the case with $100 million, the New York financial regulator DFS announced. The authority imposed a $50 million penalty and obliged Coinbase to invest a further $50 million in improving its control mechanisms.

January 10, 2023

The Intransparent Maltese Regulator

The Maltese mess around its regulators continues. Most recently, the MFSA was again in the spotlight of scandals. The resignation of short-lived Irish CEO Joseph Gavin caused turbulence because he had apparently received a lucrative agreement to carry out an orderly handover. Something that probably shouldn't be remunerated separately one would think. The MFSA and the Maltese Finance Minister Clyde Caruana refuse to publish this €65,000 contract, The Shift reports.

Money Laundering

January 3, 2023

The Money Orchestrator Moises Fernandez Answers To FinTelegram!

The Spanish national and Dubai resident Moises Fernandez Barea is currently having a difficult time. The international press revealed his involvement in laundering funds from Venezuela through his firm Jade Group in the United Arab Emirates and other legal entities in different jurisdictions. According to Cristina Segui, one of the best-known journalists in Spain, Moises Fernandez is handling funds stolen from Venezuela through Silvia Flores.

January 2, 2023

Money Flow Dirigent Moises Fernandez Barea Attempts To Set Up More Business in Switzerland

It seems to be a vast money laundering scheme! After the vanishing of his Singapore-based high-risk payment scheme Aexon and exposing the dodgy transactions of his Jade Management Co (known as Jade Capital UAE), Simnati Consulting Group SA, together with his new partnership with HBDIG Technologies GmbH, Moises Fernandez Barea is trying to carry out business in Switzerland. Fintelegram reported in detail about this money laundering exercise of Venezuela funds.

January 2, 2023

The Shocking Background Of Malta’s Money-Laundering And Financial Crime Issues!

FinTelegrem reported that a new study on money laundering around online gambling in the EU found that Italian mafia organizations laundered billions in illegally generated assets via online gambling in Malta between 2015 and 2022. Of the €6.7 billion in total assets seized in investigations, €4 billion alone came from online gambling investigations related to Malta. Malta has an utterly shocking problem with law & regulatory enforcement as analyzed by Kevin Cassar in The Shift.

January 2, 2023

MFSA-Regulated Triton Capital Markets Fined For Money Laundering Issues!

Malta-based Triton Capital Markets Limited (previously FXDD Malta Limited) was fined after irregularities were found during an onsite compliance review in 2019. The Financial Intelligence Analysis Unit (FIAU) has been fined nearly €227,000 over non-observance of anti-money laundering rules. The FIAU said that the company failed to take appropriate steps to assess the risks of money laundering and terrorism financing arising from its operations and to adequately document such assessments.

January 2, 2023

Really? Former MFSA Officials Hid Pilatus Bank Documents In Office!

The Malta Financial Services Authority (MFSA) just keeps making headlines for the wrong reasons. Shocking court testimony by an MFSA official revealed that two MFSA officials hid documents from the magisterial inquiry into the operations of Pilatus Bank in a safe on the Authority’s premises that was only accessible by two people who are no longer at the Authority. This testimony was revealed on Maltese television by a local NGO President.

December 28, 2022

Exposed: Regulated Austrian Crypto Company HBDIG Technologies And Money Laundering!

It is a well-known fact that crypto is used by criminals for money laundering. Moises Fernandez Barea, a Spanish residing in Dubai, and his partner Erik Aaron Lara Riveros are involved in the crypto world. They use the FMA-registered Austrian HBDIG Technologies GmbH for their transactions. Confidential emails show how Erik Aaron Lara Riveros and Moises Fernandez prepared documents in a bid to convince banks and financial institutions to execute their transactions.

December 25, 2022

Revealed: Venezuela Funds Laundered Through Moises Fernandez Barea And His Jade Group!

The notorious Moises Fernandez Barea, who was behind the vanished payment processor Aexon is into laundering funds out of Venezuela. The South American country is subject to international sanctions. Through his Dubai-registered company Jade Management Co which holds License number 820645, Moises Fernandez Barea opened a bank account with Emirates Islamic. Moreover, it works with the Swiss payment agent Simnati Consulting Group SA to launder illicit Venezuelan funds.