Blog

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 […]

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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 […]

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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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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 […]

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Don’t Spread Falsehoods on Forfeiture

The Washington Post published this Letter to the Editor criticizing the Post’s coverage of civil asset forfeiture.  The letter appeared in the Free for All section on July 29, 2017 at p. A15. Letter to the Editor: Don’t Spread Falsehoods on Forfeiture

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AG Sessions’ Policy on Adoptive Forfeitures

On July 19, 2017, Attorney General Sessions issued a Policy Directive revising the policy on the adoption of  state and local asset forfeiture cases by federal law enforcement agencies.  The policy revises the policy implemented in 2015 by former Attorney General Holder and allows federal agencies to resume adopting most state and local asset seizures […]

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Hurdling the Sovereign Wall: How Governments Can Recover the Proceeds of Crimes that Cross National Boundaries

The globalization of crime has made it possible for international money launderers, kleptocrats, and fraudsters to commit crimes in one jurisdiction while remaining safely in another and hiding their assets in a third.  At the same time, law enforcement officials remain constrained by the rules of national sovereignty that inhibit their ability to recover assets […]

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Fallout: The Honeycutt Decision Claims Its First Victim

Joint and Several Liability / Application of Honeycutt Under Honeycutt, the son of the President of Honduras, who assisted in smuggling hundreds of kilos of cocaine into the US, is liable to forfeit only the amount of money the Government could prove that he personally received from the drug traffickers.  A defendant, one of five […]

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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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The Baby and the Bathwater: Forfeiture “reform” bill would undermine the Government’s ability to combat international money laundering and other serious crimes

H.R. 1795, a bill introduced in the House of Representatives to reform the civil asset forfeiture laws, would reach far beyond the seizures of cash by state and local police that have generated controversy.  In fact, it would undermine the Government’s ability to use the only tool available to combat international money laundering, kleptocracy, Russian […]

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