15th FIBA Annual Anti-Money Laundering Compliance Conference in Miami

Diaz Reus Partner, Robert I. Targ, to address latest developments in trade based money laundering at the 15th FIBA Annual Anti-Money Laundering Compliance Conference in Miami, March 4-5, 2015 at the Hyatt Regency Miami. In September 2014, when Homeland Security Investigations (HSI) announced it had uncovered the laundering of massive amounts of narcotics proceeds through…

Q&A: Should Mexico Impose New Regulations on ‘Sofipos’?

Q: Mexico’s financial regulator, CNBV, is considering new rules for popular financial societies, or Sofipos, following the government’s seizure of Ficrea SA, whose collapse amid an alleged fraud led to losses for some 6,000 savers. New regulations could include changes to asset concentration limits, CNBV’s vice president said earlier this month. Do consumers face increased…

Money Laundering in Latin America Continues to Grow

Latin America: Money Laundering Grows Growing crime and weak enforcement boost money laundering in Latin America. By Joachim Bamrud First published Latinvex. November 24, 2014 Reprinted with permission. Money laundering is growing in Latin America despite growing enforcement by both US and Latin American authorities, experts say. “Money laundering has grown and will continue to…

2014 Trade Americas Expo Boasts High Impact

Infrastructure development needs in Latin America and the Caribbean are great. Distinguished panelists at the 2014 Trade Americas & ConnectAmericas Expo engaged attendees and enjoyed robust discussions around the region’s latest trends and opportunities, connecting potential business partners and financiers and corporate and government leaders. Global Managing Parter, Michael Diaz Jr., panelist, addressed the conference…

Bolivian Anti-corruption Chief faces sentencing for bribery

(Excerpted from the Miami Herald, 5.23.14, Jay Weaver reporting) Bolivia’s convicted anti-corruption chief, Mario Fabrizio Ormachea faces sentencing Friday for traveling to Miami to extort a rich Bolivian businessman for $30,000 in exchange for making trumped-up charges against him disappear back home. Ormachea’s wealthy target was Humberto Roca, former owner of Aerosur Airlines, who fled…

Diaz Reus Expands European Capabilities

MIAMI, May 20, 2014 – The international law firm of Diaz Reus is pleased to announce that it has expanded its capabilities to Madrid, Spain with the addition of Partner Miguel Angel Diez Rodrigo. Diez and his associates will serve the firm’s clients in litigation, mediation, arbitration, and contracts. “Madrid has long been recognized as…