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Chasing Bernie’s Billions: Inside the Most Successful Asset Recovery Effort in History

On December 11th, 2008 Bernie Madoff was arrested by the FBI in his Manhattan home and criminally charged with a multi-million-dollar securities fraud scheme. So began the most comprehensive and successful financial investigation and asset search in history. The Securities Investor Protection Corporation (“SIPC”) Trustee and Baker Hostetler have continued their tireless search for assets…

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Did Your New Refrigerator Help Fund Terrorism? Trade-Based Money Laundering Exploits Demand for Consumer Goods

Of the three primary methods that transnational criminal and terrorist organizations utilize to launder the proceeds of illicit activity and finance terrorism, trade-based money laundering is arguably the most challenging. Most people associate money laundering with the misuse of financial institutions or the bulk movement of hard currency using smuggling techniques, but trade-based money laundering…

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The Interrelationship Between Major Investigations and Crisis Communications

In 2020 and continuing into 2021, the term crisis communications seems almost redundant.  We are bombarded every day with information about the pandemic death toll and infection rates, the largest cyber-attack in history, the financial crisis, efforts to overturn a presidential election and an attack on the US Capitol building while Congress was in session.…

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Derisking and Outdated CTR Thresholds: AMLA 2020 Seeks to Address Persistent AML Challenges

The Anti-Money Laundering Act of 2020 is the most comprehensive set of reforms to U.S. anti-money laundering laws since the passage of the USA PATRIOT Act in 2001.  The Act contains some important changes and enhancements that should have an immediate and long-lasting impact on anti-money laundering. Gibson Dunn litigation partner and anti-money laundering expert…

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The Strange Bedfellows of Cyber Defense

Cybersecurity risks seem to be expanding exponentially. Business Email Compromise schemes are among the fastest-growing financial crimes. Ransomware attacks are crippling hospital systems, disrupting manufacturing and retail operations and supply chains and threatening our critical infrastructure. Personal identifying information is being harvested millions of records at a time from credit bureaus, government agencies, financial services…

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Cross Border Investigations and Ethical Culture

In organizations with a strong ethical culture, cross border investigations tend to go easier than in dysfunctional organizations. Whether your organization is amongst the World’s most ethical or riddled with dysfunction, cross-border investigations are challenging either way.  Global organizations are a microcosm of the countries and cultures in which they operate, and understanding customs, language,…

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