Two men associated with a raft of offshore New Zealand finance companies and an online banking platform apparently based in New Zealand but run from Panama, have been arrested by Panama’s Special Prosecutor’s Office against Organised Crime for allegedly laundering more than US$100 million as part of an international criminal group.
Swede Carl Michael Magnusson and Dutchman Remy Swaab were charged with offences against the economic order of Panama at the end of April.
…
Magnusson has incorporated a proliferation of companies via the New Zealand Companies Office financial services providers (FSP) registry and their websites at New Zealand IP addresses, including banking4bankers.com, banclear.com, eurowire.com, startabank.net, swedishtrust.eu, newzealand financial serviceproviders.co.nz, michaelmagnusson.com as well as websites for Overseas Clearing Corp and various plays on the words overseas or offshore.
Zealand Financial Group LP, the most prominent of these companies, is owned by Magnusson’s Overseas Clearing Corporation and has several links feeding into it, including a business he set up offering credit union type entities in Sweden.
Detailed news link: click here