“Red Flags For An Asset Search” lists the common methods for concealing assets including the use of shell companies; offshore bank accounts; sham trusts; etc. To successfully search for assets hidden by these methods, a multifaceted approach is often necessary.
Locating hidden assets can be especially difficult if underground banks/informal banking systems like hawala have been utilized. “The Hawala Alternative Remittance System and its Role in Money Laundering”¹ explains that hawaladars, (a.k.a hawala operators), secretly transfer funds to financial accounts maintained in Switzerland, Dubai, the United Kingdom &/or other international financial centers. The
The following can help you detect money concealed in an offshore bank account:
When an adversary hides funds at an offshore bank there is always an electronic trace. The trace occurs because the bank stores electronic information comprised of: bank account opening documents; bank signature cards; monthly bank statements; etc.
This January 18th video depicts three 250 pound GBU-39 bombs dropped by B-1 or F-18 aircraft, in rapid succession on the same spot of the roof of an ISIS cash depot near Mosul, Iraq. As of last week, it was the ninth ISIS cash depot US-led forces had destroyed in Iraq &/or
This is the 9th post in my series discussing private investigators. It highlights former private investigators Elaine White & Cullen Johnson who were convicted of a money laundering conspiracy. The conspiracy involved bogus asset searches Ms. White & Mr. Johnson apparently performed for their clients. Mr. Johnson seemed to blame the bogus searches on
A divorcing spouse; judgment debtor; tax cheat; etc. may use several methods to conceal assets. “Red Flags For An Asset Search” listed 18 of these methods. The methods
The December 2nd terrorist attack in San Bernadino, California was a relatively low-cost terrorist operation. An NBC article reported that terrorists Syed Farook
Transparency International leads the fight against public corruption which includes bribery & theft by government officials. It basically says that corruption proceeds are transferred offshore & are one of the sources of illicit financial flows. How do financial investigators across the globe search for these illicit assets? One way they search is by looking
This 26th post in the “Divorce & Hidden Money” series describes one way assets may be laundered through the purchase of real estate. It supplies the hypothetical situation of “Mark,” a high