Author: Stefan Cassella

LUXURY WATCH DEALER IN TROUBLE OVER BLACK MARKET PESO EXCHANGE

The following article was published in KYC360.com on Nov. 30, 2017.  It is reprinted with permission from the Money Laundering and Forfeiture Digest.  Subscriptions to the Digest are available on the Subscriptions page of www.assetforfeiturelaw.us. LUXURY WATCH DEALER IN TROUBLE OVER BLACK MARKET PESO EXCHANGE Stefan Cassella of Asset Forfeiture Law, LLC looks at the case of a US-based […]

Read More

The Manafort money laundering charges: What’s in store?

Michael Zeldin and I have published this article on the money laundering charges in the Manafort indictment on the CNN.com website.  It discusses the domestic and international money laundering theories in the conspiracy count and the types of evidence that would be needed to sustain the charges. Manafort article

Read More

Manafort – Gates Indictment

Special Counsel Robert Mueller has filed an indictment charging Paul Manafort and Richard Gates with various offenses including a money laundering conspiracy in violation of 18 U.S.C. 1956(h).  The conspiracy charge alleges that the defendants conspired to commit international promotion money laundering (1956(a)(2)(A)) with the intent to promote a violation of the Foreign Agents Registration […]

Read More

AG Creates a New Office of Asset Forfeiture Accountability

Attorney General Jeff Sessions issued a memorandum on October 16, 2017, directing Deputy AG Rod Rosenstein to create within the DAG’s Office a new position of Director of Asset Forfeiture Accountability.  According to the memo, the Director will be responsible for developing recommendations for how the resources and activities of the Department’s asset forfeiture program […]

Read More

Importance of Civil Forfeiture as a Law Enforcement Tool

Stef Cassella gave a presentation on the importance of civil forfeiture as a law enforcement tool at the Convention of South American Public Prosecutors and Attorneys General in Lima, Peru on October 3, 2017.   The presentation describes civil forfeiture procedure in the United States, lists the ten most-often cited reasons why civil forfeiture is chosen […]

Read More

Forfeiture Money Judgments: Government’s Opposition to Supreme Court Review

In United States v. Lo, the Ninth Circuit joined all others in holding that a criminal forfeiture order may take the form of a personal money judgment and is not limited to property derived from the offense that the defendant still has in his possession at the time he is sentenced.  In its Opposition to the Petition […]

Read More

On Russia and North Korea, Shell Companies Conceal the Truth

Stef Cassella and Michael Zeldin have written an article, published on the CNN website, on the role that shell companies have played in international money laundering cases, including Prevezon/Magnitsky and the funneling of money to North Korea.  The article also lists the reasons why the use of shell companies may be one focus of Robert […]

Read More

Money Laundering and Forfeiture Training

Stef Cassella recently spent a day providing training on money laundering and asset forfeiture for the Office of the US Attorney in the Eastern District of Tennessee and the federal law enforcement agencies in that area.  Attached are the outlines of the lectures he presented.  Mr. Cassella and his colleagues at Asset Forfeiture Law are […]

Read More

Current Trends in Anti-­Money Laundering & Counter­‐Financial Terrorism

On July 7, 2017, TaxLinked.net sponsored a webinar on current trends in Anti-Money Laundering and Counter-Financial Terrorism.  The panelists were: Hon. Roy Cullen, P.C., C.A., Senior Public Policy Consultant, Canada Dr. Nicholas Ryder, Professor in Financial Crime, UWE Bristol, UK Stefan D. Cassella, Asset Forfeiture Law, LLC, USA The moderator was Marios Siathas, General Manager, European Institute of Management & Finance (EIMF). This is a link to the TaxLinked website. This is the full transcript of the webinar.

Read More

Using Civil Forfeiture to Stop Money Flow to North Korea

The United States has filed a series of civil forfeiture complaints against money that was destined for North Korea in violation of North Korea sanctions.  The complaints allege that the money was being routed through front companies incorporated in Hong Kong and was being funneled through correspondent bank accounts in the US to finance North […]

Read More