The UK’s Monetary Conduct Authority has authorised a person linked to OneCoin’s cash laundering community, for the position of “Cash Laundering Reporting Officer”.
On the absurdity scale, this isn’t far off appointing somebody who labored instantly underneath Bernie Madoff as head of the SEC.
US authorities are within the technique of holding criminals liable for working a $400 million OneCoin cash laundering community. As alleged in courtroom, a part of that community is Maximilian von Arnim.
Von Arnim (proper) was properly positioned inside OneCoin’s cash laundering community. He traveled to OneCoin’s Bulgarian HQ and had direct entry to the corporate’s executives.
Formally Von Armin labored for RavenR a sequence of shell firms Ruja Ignatova arrange within the UK and Dubai.
RavenR e-mail addresses have been used to register OneCoin company properties.
On the time of publication US authorities have snared Mark Scott, David Pike and Gilbert Armenta, members of OneCoin’s cash laundering community that von Arnim labored with.
Ruja Ignatova has been a fugitive on the run since October 2017. Frank Schneider stays at giant.
Versus their US counterparts, authorities within the UK have taken no motion in opposition to elements of OneCoin’s cash laundering community that operated out of the UK.
Actually as an alternative of rounding up von Armin and different UK primarily based accomplices, the FCA has since authorised von Armin for a cash laundering compliance place.
On December ninth, 2019, the FCA authorised von Armin for the position of Cash Laundering Reporting Officer at Fjord Advisors Restricted.
Why is that this depressingly hilarious?
A Cash Laundering Reporting Officer
has a pivotal position to play in making certain {that a} agency is compliance with anti-money laundering laws.
Moreover, they’re liable for making certain that, when acceptable, data or suspicion of cash laundering is correctly disclosed to the related authorities.
To actually drive dwelling the purpose; the FCA thought it acceptable to bestow a cash laundering compliance position on a person who labored to launder $400 million {dollars} as a part of a multi-billion greenback Ponzi scheme.
Bear in mind, the FCA is the UK’s equal of the SEC. There isn’t a greater nationwide monetary authority.
Fjord Advisors Restricted is a part of Fjord Capital, who on their web site declare to be
a London-based personal fairness investor targeted on industrial useful resource effectivity with two funds underneath administration.
We’re devoted to rising and including long-term worth to our firms by taking a hands-on strategy and changing into a strategic companion to the homeowners and administration.
Our crew has an extended and profitable historical past of working collectively and brings deep expertise in investing, technique consulting and industrial operations.
Curiously, von Arnim doesn’t point out his involvement in OneCoin or RavenR in his Fjord Capital bio.
Contemplating von Arnim joined Fjord Capital in 2010, they evidently don’t have an issue together with his being a part of OneCoin’s cash laundering community.
How a lot Max von Arnim was paid by OneCoin is unknown. Ditto whether or not he’s an individual of curiosity to US authorities.
Definitely within the UK the FCA haven’t lifted a finger in opposition to him.
Thoughts this is similar FCA that for essentially the most half did nothing whereas OneCoin labored to steal thousands and thousands from UK residents.
And when the FCA did lastly do the naked minimal (on the behest of the London Metropolis Police), all it took was some indignant emails to get them backtrack.
Full credit score to BehindMLM reader Semjon for doing the leg-work on this story.