Q&A: Tax Havens, Bank Secrecy, and Tricks

Inter Press Service (IPS), July 14, 2009 – At a recent conference in Miami organised by Offshore Alert, a specialised media organisation focused on financial crime, IPS sat down with veteran investigator Bob Roach to discuss the hurdles facing regulators trying to crack down on tax havens, which cost the U.S. alone an estimated 100 billion dollars annually.

Exclusive: Florida bank agency helped fraudster Stanford evade regulations to sell phony CDs

<em>Exclusive</em>: Florida bank agency helped fraudster Stanford evade regulations to sell phony CDs

State aided suspect in huge swindle

Miami Herald, July 5, 2009 –

Winner of the Gerald Loeb award, the most important prize in financial journalism

Years before his banking empire was shut down in a massive fraud case, Allen Stanford swept into Florida with a bold plan: entice Latin Americans to pour millions into his ventures ” in secrecy.

From a bayfront office in Miami in 1998, he planned to sell investments to customers and send their money to Antigua.

But to pull it off, he needed unprecedented help from an unlikely ally: The state of Florida would have to grant him the right to move vast amounts of money offshore ” without reporting a penny to regulators. He got it.