Offshores, Seafood Companies, and Real Estate: Unpacking the Barrera Palacios Money Laundering Network in Peru
We break down how a family network leveraged offshore companies in the British Virgin Islands, along with Peru-based fishing and real estate companies, to allegedly launder millions for suspected drug traffickers.
The case study provides compelling evidence of the ongoing financial crime risks associated with the Peruvian fishing industry.
Snippets From The Download:
The Barrera Palacios money laundering network in Peru
The investigation into the Barrera Palacios network reportedly began after an unnamed financial institution filed a suspicious activity report (SAR) in 2012 with Peru’s Financial Intelligence Unit.
Money Laundering and the Peruvian fishing industry
At least one Peru-based seafood company implicated in the alleged money laundering scheme sent over 200,000 kilos of frozen scallops to customers in the U.S. and Europe since 2013, according to commercial trade data from Panjiva.
Fill out the form below:
About Sayari
Sayari empowers government and industry to protect finance, trade and security systems by illuminating the global commercial networks through connected public data and documents. Providing commercial intelligence data from over 250 jurisdictions worldwide, Sayari delivers the entity network visualizations and intuitive risk identifications that decision makers need to stay proactively informed and power safer global commerce.
Since its founding in 2015, Sayari has earned the trust of top financial institutions, Fortune 100 corporations and government agencies, securing a $40M Series C in 2021. Sayari is headquartered in Washington, D.C., and its solutions are used by more than 3,000 frontline analysts in 35 countries.