Money Laundering

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Nazi-looted art, bankruptcy estate assets, marital assets and almost anything else can conceivably be secretly transferred by common methods.  Just a few of the common methods include the use of intermediaries (i.e. nominees), forgeries, portable valuable commodities and multiple jurisdictions to fraudulently transfer or hide assets.

By studying these kinds of methods, the continuing…

Today’s “Asset Search News Roundup” focuses on two publications by the anti-money laundering bellwether, the Financial Action Task Force.  This roundup too mentions a warning from the FinCEN financial intelligence unit about the potential movement of assets out of Egypt.

  • The Financial Action Task Force published various reports at its website last month.  Two

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Money mules and the former Tunisian president’s assets are covered by this “Asset Search News Roundup”:

  1. The Washington Post and FDIC previously outlined how some money launderers pretended to be employers to basically induce their so-called “employees” to wire transfer illicit funds as straw men.  These straw men commonly called money mules, were also just

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“Secreting Assets Without A Border Trace” shows the role portable valuable commodities like diamonds can have in a scheme to hide assets.  This January 4th “Asset Search News Roundup” reviews two more ways assets can be hidden.

Bulk Cash Smuggling

A December 16th press release refers to one case now being prosecuted which…

In his January 7, 2009 letter, Satyam Computer Services Ltd. founder and ex-chairman B. Ramalinga Raju wrote that Satyam had overstated its profits.  As a 2009 Reuters article observed, Mr. Raju’s January 7th letter indicated that approximately $1 billion or 94% of Satyam’s cash on its books was a fictitious asset.  This article also mentioned…

Asset Search Blog articles quoting “Roger” the former foreign intelligence officer are “Following The Money Trail In Zurich” and “Offshore Bank Accounts In Liechtenstein“. The end of this article also features “Roger”, although its facts have been sanitized / changed for privacy reasons.

As a consequence of his U.S.-based Ponzi scheme…

This “Asset Search News Roundup” is about a few companies currently offering asset protection over the Internet. The first of these companies is Panama Legal, S.A.  Its Web site says that “Bullet Proof Asset Protection” is attainable by forming a “Panama Bearer Share Corporation“.  “Bearer Shares & An Asset Search…

An "Asset Search With Letters Rogatory" advises that a domestic court may issue a letter rogatory (a.k.a. a "letter of request" or "legal assistance request"), to try to compel a foreign bank to disclose offshore records.

After issued by the domestic court, the letter rogatory would ordinarily be considered by governmental authorities located…

Detecting crimes during a marital asset search and Mexico’s ubiquitous drug cartel violence, are examined by the September 26th "Asset Search News Roundup".

  1. Any crimes committed by a divorcing spouse hiding assets would conceivably be detected during a marital asset search. As the following articles reveal, a divorcing spouse hiding assets might possibly face

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