An asset search covering a number of countries is sometimes necessary if monies the subject of a divorce, bankruptcy, or debt collection proceeding are hidden in a money laundering circuit. This can be true because "Large-scale money laundering schemes invariably contain cross-border elements", as is recognized by the Financial Action Task Force– an international organization… Continue Reading
Monthly Archives: September 2007
Asset Search Tips For Divorce & Child Support Cases
Posted in Asset Search/Fraud InvestigationFor thirty years the ex-husband in Janet O. v. James O., slip op. 51985 (Sup. Ct. N.Y. County, October 17, 2006) had not made one single child or spousal maintenance support payment. By living in places like Barbados, the Dominican Republic, and Mexico, he had offshore asset protection and the ability to hinder any enforcement… Continue Reading
Money Laundering, Marital Assets & Divorce
Posted in Asset Search/Fraud Investigation, Divorce & Child Support, Financial Institutions, Laundering Marital Assets, Money Laundering, Swiss Banks, Tax FraudMoney laundering circuits sometimes operate in the U.S. through domestic bank accounts used as “laundering links”. It is also true that money laundering circuits washing vast sums of money, will typically do so through offshore bank accounts located in tax havens like Switzerland, Luxembourg, the Cayman Islands, etc. Such was the case of one divorcing… Continue Reading
Terrorist Financing, Money Laundering & Financial Intelligence Units
Posted in Financial Institutions, Money LaunderingThe Financial Intelligence Units of the different jurisdictions in the Egmont Group, exchange information worldwide to track terrorist financing and fight crimes like money laundering. Their exchange of information occurs pursuant to the Egmont Group’s Principles for Information Exchange (June 2001) and Best Practices for the Exchange of Information (updated June 2004). Sometimes Financial Intelligence… Continue Reading