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Robert Mazur states that China is “El Dorado” for money laundering

During a recent visit to Luxembourg Mr. Mazur (AKA Robert Musella) noted that China is the place to be for money launderers.

Mr. Mazur became famous after having participated in a major undercover operation linked to the Colombian drug cartels and the former BCCI bank.

As part of his undercover operation, Mr. Mazur laundered or assisted the laundering of about 26,9 million Euros during the decade of the 80’s.

Thanks to the finding of his operations, several criminals were arrested and prosecuted, properties an accounts were frozen and the bank employees were held accountable for their wilful participation on the laundering scheme.

Mr. Mazur explained how certain operation included a mix between the Caribbean islands of BVI, USVI and Panama and certain EU countries as Luxembourg.

His operation was reproduced in a book and its respective film: “The infiltrator”

During his visit to the country, Mr. Mazur noted the massive similarities between the techniques used during the 80s by the cartels and the ones used in current scandals such as the Russian Laundromat which unfolded major consequences to Danske, Deutsche and Swedbank.

In addition, Mr. Mazur noted that China continues to be a paradise for money launderers and for forgery, weakened any global effort to tackle such crimes.

Source

https://www.wort.lu/fr/luxembourg/la-chine-est-l-eldorado-du-blanchiment-5ce64522da2cc1784e344a47

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Jaime Prieto

Mr. Jaime Prieto is a lawyer experienced in Financial Crime, Anti-Money Laundering and Counter Terrorism Financing having extensive professional experience in both public and private sectors. Mr. Prieto has been a Head of Compliance in the European Union, the Americas and the Caribbean for banks, trust companies, asset managers, Big Four audit and advisory firms, RegTechs, government agencies and other types of financial professionals. In addition to his experience, he has been legal and educational chair in several compliance and sectorial organisations and performed as a teacher and speaker for a number of organisations and in several local and international forums. Furthermore, Mr. Prieto is an experienced Money Laundering Reporting Officer anda Data Protection officer with additional experience in risk management.
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