Miami Medicare Fraud Bust

Miami Medicare Fraud: 300 arrested nationwide in US DOJ takedown

Miami Medicare fraud made headline news again this week when at least 100 South Floridians were named among the 300 medical professionals suspected and arrested on various counts of Medicare fraud, nationwide. At least 65 of those 100 Floridians were in Miami—a city considered to be the “capital of healthcare corruption.” All of the individuals charged in…

Are Caribbean banks ready for new FINCEN customer due diligence requirements for financial institutions?

Caribbean banks address fears of severed ties with U.S. banks due to fines and higher costs in a new set U.S. compliance regulations issued by the U.S. Department of the Treasury Financial Crimes Enforcement Network. With the release of the Panama Papers, many investors, banks, financial institutions, and foreign countries are concerned that the traditional shell company may…

Financial Transparency_Panama_Papers

Panama Papers’ Leaked Data Warrants Further Exploration

Leaked data needs to pass the test of ‘accuracy of evidence’ The so called ‘Panama Papers’ have dominated media headlines in recent days, creating shock waves that have reverberated across the world. It is claimed that a staggering number of about 11.5 million confidential records of the Panamanian law firm, Mossack Fonseca, were leaked to…

Financial Transparency_Panama_Papers

Do Financial Systems Need More Transparency?

Michael Diaz, Jr. on the recent fallout from the Panama Papers — Mossack Fonseca leak. Featured Q&A – Financial Services Advisor, a publication of Inter-American Dialogue. Q: Panamanian President Juan Carlos Varela on April 6 announced that his government will create a panel of international experts in an effort to improve transparency in the country’s offshore…

Ignorance of US Export Control Laws is Not a Defense

Why do companies—even large multinationals—often overlook compliance with U.S. export control laws despite the serious repercussions for noncompliance, including denial of export privileges? One of the possible reasons could be that in many instances organizations are not completely familiar with the nuances of the U.S. export control regime. Regardless of the underlying reasons for non-compliance, the consequences…

Panamanian Law Firms Have A Requirement to Report

Diaz Reus Global Managing Partner Michael Diaz, Jr. was interviewed by WLRN-Miami Herald News’ Americas correspondent covering Latin America and the Caribbean, Tim Padgett, regarding the implications of the Panama Papers controversy and what it means to Miami and Panama City.  Listen to the broadcast segment here.  Follows is the transcript: Law Firm Leak A Wake-Up Call For Panama Authorities…

Marta Colomar-Garcia

Argentina Debt Deal Blocks Holdout Plaintiffs’ Counsels from Joining Settlement Talks

Diaz Reus Partner Marta Colomar-Garcia, acting as Plaintiffs’ co-lead counsel overseeing eight separate class action lawsuits in Argentina’s 2001 $100 billion default, says that Plaintiffs have not been able to engage in genuine and substantive settlement discussions with Argentina in an attempt to resolve the litigation. Earlier in 2016, Colomar-Garcia said that she found out…

Are Banks Working Together Enough to Prevent Crimes?

LATIN AMERICAN FINANCIAL SERVICES ADVISOR, a publication of  Inter-American Dialogue, asks: Are Banks Working Together Enough to Prevent Crimes? Q: Financial messaging service provider SWIFT said in January that more than 2,000 financial institutions worldwide had signed up for its centralized Know Your Customer (KYC) registry, through which companies can share information required for KYC compliance.…

GTO Miami Real Estate

监管者对投资于美国房地产洗钱打击

洗钱者早就发现通过空壳公司投资美国精英房地产这条途径,因为美国法律允许大量不可追踪资金的流动。利用空壳公司,个人得以以现金购买房地产,掩饰所有权,实现可靠的财务回报而不被审查。大多数情况下,纽约和迈阿密的房地产市场被视为“有吸引力的目的地”。