Free-Trade Accords in Latin America and the Caribbean

Featured Q&A with Marcela C. Blanco, Esq., Diaz Reus, Bogotá, Colombia for Inter-American Dialogue’s Latin America Advisor | Financial Services (October 17-30, 2013 Edition) Have Free-Trade Accords in Latin America and the Caribbean Aided Financial Companies? Chile and Canada updated their 16-year-old free-trade accord last month, agreeing to changes that will provide financial services companies in…

New Bolivian Charges Against Former Aerosur Head Mirror Those in Extortion Case

MIAMI, Sept. 19, 2013 – New Bolivian illicit-enrichment charges against former Aerosur Airlines owner Humberto Roca parallel those that Mario Fabrizio Ormachea recently offered to have dismissed for $30,000 in extortion money, says Roca’s attorney Michael Diaz. “It looks like they rushed out and filed the very charges that Ormachea was offering to ‘resolve’,” said…

Miami Arrest of Bolivian Anti-Corruption Head Vindicates Former Aerosur Owner

Miami, Florida – The FBI arrest Saturday, Aug. 31, of Mario Fabrizio Ormachea, the colonel leading Bolivia’s Anti-Corruption Unit, for attempting to extort money from former Aerosur Airlines owner Humberto Roca, [United States District Court, Southern District of Florida, Case 1:13-mj-03250-BLG] works to help vindicate Roca in his ongoing legal battles with the Bolivian government,…

China Strengthens Anti-Money Laundering and CFT Laws

SHANGHAI, CHINA – April 19, 2013 – According to Diaz Reus & Targ attorney Xingjian “Jeff” Zhao, the Chinese government is ramping up its enforcement of the country’s anti-money laundering and combating the financing of terrorism (AML/CFT) laws, and incidents of non-compliance are being taken ever more seriously. Zhao spoke at the April 19, 2013,…

Marta Colomar-Garcia

How Healthy Is the Banking Sector in Mexico?

Inter-American Dialogue’s – Latin America Advisor – Financial Services October 30, 2012 feature Q&A – Guest Comments from Marta Colomar Garcia, head of Diaz Reus, Mexico. Q: The offering of about 25 percent of the Mexican unit of Banco Santander raised $4 billion last month for the bank in Mexico’s largest-ever IPO. Amid heavy demand,…