The August 14th “Asset Search News Roundup” mentions money laundering:
The July 4th "Asset Search News Roundup" concentrates on Rudolf Leopold and cross-border activities:
Austrian museum director and art collector Rudolf Leopold died on Tuesday, as pointed out by both the Associated Press and the New York Times. According to the Copyright Litigation Blog’s July 2nd article, Mr. Leopold’s death basically raises the
The May 12th “Asset Search News Roundup” talks about both whistleblower awards and hiding assets in informal banking systems:
The January 29th "Asset Search News Roundup" talks about HealthSouth’s ex-chief Richard Scrushy and includes the most recent remarks of Assistant Secretary For Terrorist Financing David Cohen:
The January 6th article “Three in al Qaeda drug case plead not guilty in NY” discussed suspected terrorist financing by some West African men. According to a December 18, 2009 press release, the criminal case against these men involved the alleged transnational funding of Al Qaeda terrorists through narco-trafficking.
“Terrorist Financing, Money Laundering & Financial Intelligence Units” referred to another case of suspected terrorist funding. It mentioned the Egmont Group’s money laundering typology case numbered 06063:
(Above Case# 06063: Courtesy of The Egmont Group)Continue Reading Transnationally Tracking The Assets Of Terrorists
A tax filing at the "Financials Page" of its website reveals that the Alavi Foundation had assets in 2007 with a fair market value of nearly $88 million. Federal prosecutors meanwhile, filed an amended complaint last Thursday against The Alavi Foundation. It sought asset forfeiture, as reported by Reuters, The New York
The Financial Action Task Force (“FATF”), is the bellwether for the fight against global money laundering and terrorist financing. Its leading role is recognized by U.S. lawmakers in the Bank Secrecy Act at 31 U.S.C. §5311, which states:
“FATF’s Forty Recommendations on Money Laundering and the … Special Recommendations on Terrorist Financing are
U.S. authorities are seeking the sanction of asset forfeiture in connection with a 36-story Fifth Avenue N.Y.C. building, alleged to be partly owned by Iran’s Bank Melli. "Assets Seized at Company Suspected of Funneling Money to Iran" and / or a U.S. Treasury Department press release, also report that Bank
Based on a March 2003 FinCEN Advisory, informal banking systems, (a.k.a. informal value transfer or alternative remittance systems), have been around since 5800 BC. Such systems are abused by terrorists to transfer their funds, as more fully described by a presentation from the Organization for Security and Co-operation In Europe. According to said
Given the fact that some beneficial owners conceal funds in bank accounts used as money laundering "links", this "Asset Search News Roundup" describes money laundering news from around the world:
1. Australia: The Australian Institute of Criminology, has released its September report, "Money laundering risks of prepaid stored value cards". Said