Category: money laundering

Forfeiture and Money Laundering Training for Law Enforcement Agents

This 90-page lecture outline was provided to law enforcement agents as part of their training on asset forfeiture and money laundering.  It was presented at a training seminar for the United States Secret Service in Charleston, SC on July 28, 2021. With respect to forfeiture, it begins with an overview of why asset forfeiture is […]

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Report for the Cullen Commission: Money Laundering and Asset Forfeiture in the United States

The Cullen Commission is an official body in Vancouver, British Columbia, inquiring into the need to enact legislation enhancing the province’s criminal money laundering statutes and related asset forfeiture laws.  This report, which was submitted into evidence before the Commission on May 10, 2021, along with sworn testimony, summarizes the money laundering and asset forfeiture […]

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Money Laundering and Forfeiture Training for Foreign Prosecutors

This is the text of a lecture given to prosecutors and public officials in Kazakhstan on November 18, 2020, introducing the concept of money laundering as a criminal offense.  It discusses the different types of money laundering statutes, the motives behind money laundering, and the methodologies that money launderers employ.  It then focuses on the […]

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DIRTY MONEY: An Independent Review of Money Laundering in Lower Mainland Casinos conducted for the Attorney General of British Columbia

The attached 250-page report by our colleague Peter German is an analysis of how casinos in British Colombia were used by international criminal organizations to launder criminal proceeds.  It includes numerous recommendations regarding ways to prevent such exploitation of casino operations in the future. German_Gaming_Final_Report

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Illicit Finance and Money Laundering Trends in Eurasia

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 […]

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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.

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“Manhattan Skyscraper Linked to Iran Can Be Seized by U.S., Jury Finds,”

“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 […]

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Toward a New Model for Money Laundering: Is the “placement, layering, integration” model obsolete?

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

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Foreign Enforcement of a US Civil Forfeiture Judgment

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 […]

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Money Laundering Case Highlights ABA Stance on Lawyers’ Obligations

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 […]

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