#FinCEN Files: 15 Lagos Computer village firms in N1.2bn suspicious transactions

This company, which is otherwise known as Adsee Technology Limited or Hosee Technology Limited, and located on RM 705 7 F Sunbeam Plaza 55 Canton Rd, Mongkok Kowloon, Hong Kong, China, is said to engage in the trading of telecommunications equipment and parts.

The New York branch of the Standard Chartered Bank, which acted as correspondent bank, flagged the transactions as suspicious on April 15, 2013.According to Standard Chartered Bank, a money laundering SAR was filed on Hdsee Technology Limited with case reference number C20120101872, as part of the branch’s “ongoing anti-money laundering compliance efforts.”

The purpose of the transactions, as stated in the Remittance Reference, are “Pymt for goods” and “Payment for goods B/O: Point Tech Ltd.” The company also used another account, 5090318238 with Fidelity Bank Plc, which in turn utilised USA correspondent Deutsche Bank Trust Co Americas. “The purpose of the transactions as stated in the Remittance Reference is “/RFB/GOODS BOUGHT.”Meanwhile, Zenco Communications Limited, located on 6 Ola Ayeni Street Ikeja, Lagos, made 28 transactions totalling $2,799,300.00, and amounting to nine percent of the total funds received by the beneficiary, that is, Hdsee Technology Limited.

Also, Domtonia International Company Limited, with address at 7 Otigba Street Computer Village, Ikeja, remitted 29 transactions totalling $2,230,025.00 or eight percent of the total remittances which occurred between August 11, 2012 and April 5, 2013, utilising Fidelity Bank account 5090357071. “The purpose of the transactions as stated in the Remittance Reference is “Pymt for Goods B/O: Samtex” and “Payment For Goods B/O: Domtonia.

Real Point Global Resources Limited on 14B Pepple Street, Ikeja, Lagos, remitted 22 transactions totalling $1,660,450.00 which represents six per cent of the total deposits, and which occurred from November 19, 2012 to April 4, 2013, utilising a Fidelity Bank account 5090437362. According to the FinCEN files, there were additional 71 transactions totalling $4,403,153.45 representing 15 of the total transactions received by Hdsee Technology Limited within the same period under investigation. The transactions, the New York branch of Standard Chartered Bank reported, involved 18 counterparties.

Source: Financial Digest (financialdigest.net)

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