Paul and rachel chandler- a solution?

webcraft said:
Re. the pirates' bank accounts - actually I think most of them are in Dubai.- W
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Blimey; you appear to know more than all the anti-piracy bodies.
Now, thanks to your revelations, the pirates' bank accounts can be frozen and sequestered seeing as Dubai is not a "black" tax haven and has no banking secrecy law.

Why is it that the ransom paid last year had to be in used dollar bills and parachute dropped to the kidnapped bulk carrier off the coast of Somalia? Made hilarious viewing I recall. I suppose the pirates intended to pop over to Dubai with their loot and pay it into their bank, then celebrate over a few lattes in Starbucks.:)
 
Loads of ransoms have been paid to Somali pirates already by non government institutions, mostly insurance or shipping companies. I don't know if any of those companies were British, but ours isn't the only gov't to say they wont pay ransoms. So it seems clear that governments generally wont use legislation to stop people or co's paying ransoms independently. I don't believe the Chandlers are going to lose their life over £100k, so my guess is there's another story to this that we don't know.
 
TheCrimsonVicar said:
Blimey; you appear to know more than all the anti-piracy bodies.
Now, thanks to your revelations, the pirates' bank accounts can be frozen and sequestered seeing as Dubai is not a "black" tax haven and has no banking secrecy law.
Click to expand...

http://www.independent.co.uk/news/world/africa/pirates-the-80m-gulf-connection-1671657.html

. . . strenuously denied by Dubai of course

(Crimson will now rubbish the Independent. The story was however carried elsewhere as well.)

- W
 
webcraft said:
Re. the pirates' bank accounts - actually I think most of them are in Dubai.- W
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Finally found time to read your newspaper link.
It says, actually, absolutely nothing about pirates having bank accounts in Dubai. What it does say is that it is suspected that the cash they receive in ransoms may, it is suspected, be laundered through criminal gangs in the UAE.

Do you honestly think that the pirates are that stupid as to open a bank account into which you can make a BACS to free any given hostage?
................
As I've said many times before; I feel desparately sorry for the Chandlers but suspect that they will be "rescued" on May 5th.
 
.
Sorry, I obviously don't understand English any more . . .

Investigators hired by the shipping industry have told The Independent that around $80m (£56m) has been paid out in the past year alone – far more than has previously been admitted. But while some of this money has ended up in the pirate havens of Somalia, millions have been laundered through bank accounts in the United Arab Emirates and other parts of the Middle East.
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And of course you are right, the government is waiting to free them as a pre-election stunt . . .

- W
 
webcraft said:
.
Sorry, I obviously don't understand English any more . . .

"millions have been laundered through bank accounts in the United Arab Emirates and other parts of the Middle East"

- W
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It does seem a shame to have to labour a point but, for the sake of everyone's understanding, your assertion:
"Re. the pirates' bank accounts - actually I think most of them are in Dubai" obviously still needs kicking into touch.
Quite simply, no pirate would be idiotic enough to have a bank account through which he would directly process his ill-gotten cash.
What happens is, for a significant cut, the cash is passed to a third party, a criminal third party if you like. That third party will have a number of 'legitimate' cash generating businesses in the Middle East and South Asia. The "hot" cash would be paid, slowly, through these business accounts in the guise of normal monthly business receipts. Once in the accounts the money has been washed and can now be transferred anywhere in the world as clean money.
Pirates DO NOT have bank accounts in Dubai. Life is not that simple nor easy I'm afraid.

Good to see you have the same cynicism as I regarding the Brown regime and their inaction (so far) in gaining the release of the poor Chandlers.
 
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