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DIFFERENT ANGLE by Kenneth Rijock
DIFFERENT ANGLE by Kenneth Rijock
Financial Crime Consultant, for World-Check
Control of Banco Delta Asia restored to owner
30 September 2007
The Chinese government in Macau has advised that operational control of Banco Delta Asia SARL is to be returned to its owner this weekend. The bank, which has been under government oversight since September 2005, is being returned without the filing of any criminal charges. MLROs and compliance officers please note that the US Treasury's determination that the bank is "of primary money laundering concern" remains in full force and effect.
The bank is wholly owned by Delta Asia Group (Holdings) Ltd. World-Check has published several articles on the case.
Two recent articles for background reading are:
FinCEN announces Final Rule against Banco Delta Asia, World-Check 2 May, 2007.
What about the latest BDA allegations? World-Check 9 May, 2007.
Two recent articles for background reading are:
FinCEN announces Final Rule against Banco Delta Asia, World-Check 2 May, 2007.
What about the latest BDA allegations? World-Check 9 May, 2007.
The facts and opinions stated in this article are those of the author and not those of World-Check. World-Check does not warrant the accuracy of any facts and opinions stated in this article, does not endorse them, and accepts no responsibility for them.
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