A financial transfer through multiple jurisdictions which lacks any economic benefit, may especially be a red flag that assets have been hidden. Although a variety of people sometimes use multiple jurisdictions to hide assets, this "Asset Search News Roundup" is about the front and / or shell companies reportedly used by the Fabio Enrique Ochoa Vasco drug trafficking network in Mexico, Colombia and the Caribbean.
According to a U.S. Treasury Department press release from yesterday, the Ochoa Vasco financial network includes the fifteen companies identified in the chart below. Information about some other narco-traffickers can be found at: "Interdicting The Assets Of Mexico’s Narco-Traffickers".
Chart: Office Of Foreign Assets Control, U.S. Treasury
Copyright 2009 Fred L. Abrams