Divorce & Hidden Money: Searching For Assets By Recognizing Red Flags
If a divorcing spouse hides marital assets there usually are red flags. Red flags are also often found when assets have been hidden by tax fraudsters, Ponzi schemers, bankruptcy debtors, money launderers & narco-traffickers. This 16th post in the “Divorce & Hidden Money ” series examines the red flags.
Red flags indicating assets might have been hidden are listed at my post “Locating Hidden Assets By Spotting The Red Flags.” The list describes 18 red flags including the use of: multiple jurisdictions, sham trusts, bulk-cash smuggling, etc. In addition to the 18 on the list, below are 6 more red flags of asset concealment. The 6 red flags or money laundering indicators were published by the Egmont Group, an international organization which fights money laundering and terrorist financing.¹ Even though some of them discuss criminals or laundering, the 6 red flags might be used to help locate assets hidden by a divorcing spouse:
¹Six Money Laundering Indicators Courtesy Of The Egmont Group, “100 Cases From The Egmont Group”, p. 172, Appendix A: Most Frequently Observed Indicators.
First Image courtesy of Flickr (Licensed https://creativecommons.org/licenses/by-sa/2.0/) by DBduo Photography/Daniel R. Blume