Tag Archives: terrorist financing
Hiding Community Property In A High Net Worth Divorce
If you are in a high net worth divorce, your spouse might hide community property from you by misusing: These are just three of the common money laundering methods. Although not a high net worth divorce case, filings in Brooklyn Federal Court in USA v. Ahmad reveal how one might use the three methods to…
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Asset Search Red Flags, Smurfing, Private Investigators & A Kidnap Plot
If you are trying to detect hidden money you should look for asset search red flags like “smurfing¹.” Smurfing is a form of structuring cash deposits into bank accounts. It is one of the ways to secretly place cash into a money laundering circuit. When a bank customer in the U.S. deposits or withdraws $10,000…
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Anti-Money Laundering Bellwether Seeks Transparency Across The Globe
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 the recognized global standards […]
