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…

Overview of Business Crime in Latin America | 2015

While several Latin American countries have vowed to combat corrupt practices and have enacted legislation to formalise their intentions, meaningful change requires active enforcement as well as the political will and sacrifice to exact it. In the meantime, as Latin American countries begin working to strengthen their enforcement regimes, the greater threat to corrupt practices…

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…

Seijas v. Republic of Argentina: Additional bondholders seek order forcing payment

Bloomberg.net reports: Holders of about $700 million of defaulted Argentine bonds today filed papers in Manhattan federal court asking U.S. District Judge Thomas P. Griesa to order Argentina to make payments into escrow accounts on behalf of the investors represented in those suits. Because the nation is appealing orders defining who is included in the…

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…