Kenneth Rijock

Kenneth Rijock

Friday, March 24, 2017


 If you have been reading my recent articles about the correspondent banking crisis, which has greatly affected banks in the Caribbean, and Latin America, and how I have asserted that Know Your Customer's Customers, or KYCC, is the only effective response to the situation, you are cordially invited to watch a live demonstration of the high-tech solution to the problem, in Miami, next week.

I will be lecturing on the subject, and actually demonstrating the program that solves that problem, next Wednesday, March 29, 2017, between 8:00AM and 11:00 AM, at the Intercontinental Hotel, in downtown Miami, at a special presentation;There is no charge to attend.

What if you could perform customer identification, Know Your Customer's Customers, & AML/CFT, in one integrated program ? Global Risk & Data Authority (GRADA) announces the FIRST online customer identification platform, to accelerate on-boarding, while simultaneously performing automated KYCC, for your correspondent banks abroad. 

The platform also incorporates a highly effective Second generation, cloud-based resource for AML/CFT, which bundles CIP, KYCC, and AML, on one multipurpose solution.

I invite you to attend my free lecture next week:

Location; Intercontinental Hotel
                100 Chopin Plaza
                Miami, Florida

Time: 8:00 AM to 11:00 AM

                   8:00   Service of Continental Breakfast for attendees.
                   9:00   Kenneth Rijock discusses AML 2.0 and the correspondent banking crisis

                   9:30   Demonstration of the first KYCC Solution for banks and their correspondents.

NOTE: All attendees with receive a free autographed copy of my autobiography, The Laundry Man, which was published in the United Kingdom by Penguin. It is not available in the United States, and this is your only opportunity to acquire a copy from the author.

Who should attend: bank and MSB compliance officers, attorneys for financial institutions, compliance consultants, accountants, and all professionals who conduct due diligence investigations.

RSVP to: or

For further information, visit  .



Thursday, March 23, 2017


In addition to our previous coverage of the illegal detention of the Russian-Spanish businessman, Vladimir Kokorev, his wife and son, in the Canary Islands, on bogus material witness charges, without any criminal case ever having being filed, against them, there is an investigative report, for an unimpeachable source, the United States Congress, that confirms that Mr. Kokorev had absolutely nothing to do with any money laundering activity, with Equatorial Guinea's President Obiang. I am wondering why nobody ever brought this fact up to the judges who are holding Kokorev, without legal cause or justification, in a remote location, far from the judiciary in Madrid, who need to put a stop to this human rights violation.

Back in 2010, the United States Senate Permanent Subcommittee on Investigations, released a 323-page report on  foreign corruption. In that report, the Subcommittee detailed financial transactions of a number of foreign officials, including the president of Equatorial Guinea, Teodoro Obiang. Nowhere in that report does the name of Vladimir Kokorev or of any other members of the Kokorev family, appear, which clearly confirms that he was not engaged in an criminal activity, on behalf of President Obiang. So why is Spain still holding him, under squalid and unhealthy conditions ?

The failure of the report to name him, for any purpose, or reason, means that investigators, from the United States Senate, which has almost unlimited resources, could find no evidence that Kokorev engaged in money laundering, which the Canary Islands prosecutors have alleged, thought they have never filed any criminal charges, nor is there any information indicating that criminal charges will be filed in the future.

The illegal detention of the Kokorev family, is merely the illegal effort, of the local judiciary, to seize property and assets of foreign nationals, but arresting them, and holding them for years, to steal their assets, after they leave Spain, after their belated release. These are serious human rights violations; the Kokorevs should be released forthwith, and the judges, who kept a sealed "secret" file on them, and interfered with his legal representation, permanently removed from the bench.


A young lady who says her name is Alinka Karpova has, on her Facebook page, published a solicitation for a new version of the old "MMM" ponzi scheme, which you may recall started in Russia in the 1980s, and spread all over the investor world. Evewryone lost their shirts, but, like Colombia's DMG, it is back with new clothes on. MMM, now calling itself "Myanmar MMM," is advertising up to 100% per month returns !

Some things never change. Reports from Toronto say the new Ponzi scheme is already drawing in victims. I guess nobody is remembering to initiate due diligence on the name, for if they do, the whole sordid story is easy to find.


Since the District Judge in the Reza Zarrab Iran sanctions evasion case, pending in New York City, denied the Government's motion to disqualify some of the defense counsel, for conflict of interest, filings in that case have been minimal. Outside of a request to authorize payment, for an affiliated attorney who has expended a couple of hours, which was granted by the Court, there have been no filings of pleadings, but a new one has received my attention.

A sealed filing of a document in the case occurred yesterday. Give the total lack of record activity of late, there are a number of interesting possibilities, regarding that filing, which is not electronic, but appears as a hard copy, and is placed in the court's vault for safekeeping. Only a very limited number of court staff have access to sealed documents.

What is in the document ? Here are a number of the most likely possibilities:

(1) A new sealed indictment has been issued. Grand Jury Indictments remain sealed, until the defendant is in custody, which means, if he or she is outside the United States, it will remain so, until arrest and/or detention for extradition. A number of individuals in Dominica, including government officials, agency staff, and professional advisors, could be named as well as targets located in the Middle East.

(2) A plea agreement may have been filed; it is possible that Zarrab have entered into a negotiated plea with the US Attorney's Office, and that agreement has been reduced to writing. Some Turkish media are claiming that this is now a real possibility, since the existing US Attorney has been terminated.

(3) National Security documents may have been filed; there is a chance that documents, regarding Iran, which affect the national security of the United States, or are classified for any reason, were filed.

(4) A new defendant/target has cooperated, and his Information is sealed to prevent others from fleeing to avid prosecution, to protect the cooperator's family, or to in some other way endanger law enforcement, or cooperating individuals overseas.

Whatever in in that sealed document, we shall continue to monitor all developments in this case, as they occur, as well as commentary upon the matter, from the Middle East and the Caribbean region.  

Tuesday, March 21, 2017


From Royal Jordanian Airlines notice

According to multiple reports, passengers on flights from several Middle Eastern countries, to the United States, with be prohibited from bringing on board laptop computers, and any other electronic gear, other than cellular telephones. This new rule is to go into effect in 96 hours, according to some reports that have not been confirmed. The prohibited items can be brought in checked baggage.

Additionally, There are rumors of new security alerts, believed to go into effect today.

Monday, March 20, 2017


Media in Turkey, where the Iranian-Turkish gold trader Reza Zarrab moved massive quantities of sanctioned Iranian oil, have expressed glee at the news of the firing of Preet Bharara, the United States Attorney for the Southern District of New York, the head prosecutor in the Zarrab case, for they believe that Bharara was intent upon taking the case to trial, which could result in a conviction, and a Draconian sentence for the defendant.

Turkish journalists now opine that, with a successor, appointed by the new American President, a plea agreement is a more likely outcome, which would hopefully result in a far shorter sentence than 75 years, which is the current estimated maximum that Zarrab could receive. He is reportedly held in high esteem by the Turkish public.

Unfortunately, these Middle Eastern media sources overlook the sad reality that a plea agreement would obligate Zarrab to identify other participants in Iran's billion dollar oil sanctions evasion program, and probably testify against them at their trials. while the other conspirators, such as Babak Zanjani, and Alireza Monfared, are likely to be indicted, based upon any cooperation rendered by Zarrab, there are others not known to the public, who might be named.

In addition to the other Iranian nationals who assisted Zarrab, Zanjani & Monfared, any serious prosecution might name West Indians who facilitated the Iran sanctions evasion operation, by granting Monfared a Dominican diplomatic passport, and assisting him in his global oil sales, and money laundering, scheme. Could Dominica's Prime Minister, Roosevelt Skerrit, and his two principal attorneys, be indicted for their roles in assisting Monfared to acquire a Dominican passport, and to move criminal proceeds ? Its is indeed possible.  If such individuals are indicted, that information will remain sealed, until they enter the jurisdiction of the United States, or are extradited, and we therefore may not know that information until arrests are actually made. Will Dominicans be brought to justice for their participation with Monfared in sanctions evasion money laundering ? We cannot say at this point, but we will be watching.

If Zarrab decides to cooperate, the first sign will be a change of plea hearing; after conviction, his sentence may get reduced, with no publicity or fanfare, a year or more after his very public sentencing. We will continue to monitor the case as it unfolds. 

Sunday, March 19, 2017


Abogada Macdonald

The attorney for Jurgen Mossack, Ramón Fonseca Mora, and Edison Teano, three senior partners of the disgraced law firm of Mossack & Fonseca, has reportedly filed for a Writ of Habeus Corpus, in a new attempt to obtain the pretrial release of her clients, whose alleged money laundering and tax evasion activities, on behalf of a multitude of clients, were brutally exposed in the Panama Papers. 

Guillermina Macdonald, a former prosecutor herself, who represents the incarcerated MF lawyers, will now have her clients brought before a judge, who will determine whether they are being illegally held. The Court previously ruled that they must be detained, upon these grounds:

(1) The three lawyers are a flight risk; they are wealthy, and face criminal charges which could subject them to long prison terms.
(2) The Court fears, correctly, that they may, if released, destroy evidence. Panamanian law enforcement has previously found, in an obscure apartment controlled by MF, huge amounts of shredded and discarded legal files.

It is doubtful that any court will allow their release on bond, given prior rulings, the evidence thus far, and the high profile nature of the Brazilian case, which is popularly known as Car Wash," by the Brazilian media. Of course, given the rampant corruption present in the Panamanian court system, and Fonseca's close ties to Panamanian President Varela, the MF lawyers may never be convicted.

Should they be extradited to Brazil, however, their conviction and incarceration is much more likely; the Government of Brazil has already taken down many powerful defendants, linked to the widespread bribery, by Norberto Odebrecht SA, and I am sure it will want some more trophies.