Who is Atty. Jayr?

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Atty. Eufemio A. Simtim, Jr. or Atty. Jayr is a licensed lawyer in the Philippines. He is a Partner at Simtim Gunay Viejo Sales Sobrejuanite Law Group, but he does only virtual consultations as he is presently out of the country. He has been in the litigation practice in most part of his legal career and has worked in the academe, in the government and in the corporate world. He also passed the PRC licensure exams for Real Estate Broker and for Real Estate Appraiser (Rank No. 5). He presently runs his Youtube Channel, @yourlawyer, providing free legal information and updates.

Sunday, March 15, 2009

THE INTERNATIONAL (A Large-Scale Banking Scandal Story)

I've just watched The International, this time (and for the first time), with my sister!

It's about an Interpol Agent named Louis Salinger and a Manhattan Assistant District Attorney named Eleanor Whitman, who are determined to bring to justice one of the world's most powerful banks (IBBC), after uncovering myriad and reprehensible illegal activities. Salinger and Whitman would follow the money from Berlin to Milan to New York to Istanbul. This movie is said to have been based on the story of the Bank of Credit and Commerce International (BCCI), a major international bank founded in Karachi, Pakistan in 1972 by Agha Hasan Abedi, a leading Pakistani financier. The company was registered in Luxembourg. At its peak, it operated in 78 countries, had over 400 branches, and had assets in excess of US$ 20 billion making it the 7th largest private bank in the world by assets. Through a global network of branches and subsidiaries, the bank defrauded investors and conducted illegal transactions around the world. Even cartoonists portrayed the BCCI as an evil octopus embracing the globe; wits nicknamed it the Bank of Crooks and Criminals. This reminds me of the Anti-Money Laudering Law. Well, just watch it...It's a nice movie...:) If you want, you can click HERE for the trailer.

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