This paper reviews recent examples of sophisticated money laundering operations involving financial institutions in Eurasia – including Russia and Moldova – and the resulting flow of licit and illicit capital from that part of the world to the UK, the US, and other Western countries. Relying on materials from publicly-available sources, it uses several case […]
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.
“Manhattan Skyscraper Linked to Iran Can Be Seized by U.S., Jury Finds,” https://www.nytimes.com/2017/06/29/nyregion/650-fifth-avenue-iran-terrorism.html S.D.N.Y. * Claimant and another company were the co-owners of an office building on Fifth Avenue in New York and other property. The Government alleged that the co-owner was a front for the Government of Iran, and that when Claimant provided services […]
This article discusses the shortcomings of the “placement/layering/integration” model of money laundering that was drawn from the pattern followed by drug cartels in the 1980s, and suggests a broader approach is needed to address modern methods of money laundering. New Model for Money Laundering.art
This is a summary and the full text of a judgment of the Royal Court of Jersey concerning the enforcement of a US civil forfeiture judgment. The case was brought against $287 million in assets stolen from Nigeria by the former dictator of that country, Gen. Sani Abacha, laundered through financial institutions in the United […]
The article from The American Lawyer discusses the Justice Department’s recent civil forfeiture action aimed at The Wolf of Wall Street motion picture and other assets derived from a multi-billion dollar corruption offense in Malaysia, the proceeds of which were laundered through prominent US law firms. The article contains Stef Cassella’s comments on the role […]
This is a presentation by Stef Cassella at the Asia Money Laundering Summit for the Insurance Industry that took place in Singapore on July 13-14, 2016. The paper discusses the various ways that insurance companies and insurance products have appeared in money laundering cases, the risks to the insurance industry of money laundering by both […]