Reports

Offshores, Seafood Companies, and Real Estate: Unpacking the Barrera Palacios Money Laundering Network in Peru

12/10/20 3 minute read

Download The Report Now:



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.

About Sayari:

Sayari provides data intelligence platforms to power the fight against financial crime, increase corporate transparency in high-risk places, and support critical national security mission sets. The top global financial institutions, Fortune 100 corporations, financial crime regulators, and enforcement agencies in 35 countries trust Sayari every day.

Related Resources

All Resources
China’s Use of Golden Shares: A Mechanism for State Control and Influence
02/09/24
Reports
2 minute read
The Chinese government aims to keep the voice of the Chinese Communist Party (CCP) at the forefront of society through a variety of...
Read More
Russian Banks May Be Engaging in Cash-For-Gold Scheme to Obtain Foreign Currency
01/30/24
Reports
2 minute read
Following its invasion of Ukraine, Russia has been blocked from accessing Western currency through sanctions. Finding willing markets for...
Read More
Atlantic Council Report | Investigating China’s economic coercion: The reach and role of Chinese corporate entities
11/09/23
Reports
2 minute read
The Atlantic Council, with the support of Sayari, released an in-depth investigative report to help policymakers and business leaders...
Read More