Keeping Dirty Money Offshore: Corporate Transparency Act Makes U.S. Less of a Safe Haven

On April 3rd, 2016, information about 214,488 offshore companies established by Panamanian law firm Mossack Fonseca leaked. The leak comprised over 11 million documents and 2.6 TB of data and opened a rare glimpse into how the wealthy and powerful shelter their income and conceal their wealth. Named in the leak were 12 current orContinue reading “Keeping Dirty Money Offshore: Corporate Transparency Act Makes U.S. Less of a Safe Haven”

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

Derisking and Outdated CTR Thresholds: AMLA 2020 Seeks to Address Persistent AML Challenges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 Gibson Dunn litigation partner and anti-money laundering expertContinue reading “Derisking and Outdated CTR Thresholds: AMLA 2020 Seeks to Address Persistent AML Challenges”

Thwarting Mobsters, Drug Lords and Terrorists – Anti-Money Laundering Continues to Adapt

The Anti Money Laundering Act of 2020 (AMLA 2020) is the most comprehensive set of reforms to US anti-money laundering laws since the passage of the USA PATRIOT Act in 2001. The Act has some important changes and enhancements that should have an immediate and long-lasting impact on anti-money laundering. I recently spoke to anti-moneyContinue reading “Thwarting Mobsters, Drug Lords and Terrorists – Anti-Money Laundering Continues to Adapt”

Is the Secrecy of the Fine Art World a Relic of the Past?

On July 27, 2020, the US Senate Permanent Subcommittee on Investigations released a report entitled The Art Industry and US Policies that Undermine Sanctions. This report was the result of a two-year investigation into the art industry and how billions of dollars, much of it of unknown origins was used to purchase fine art. TheContinue reading “Is the Secrecy of the Fine Art World a Relic of the Past?”

How to Deal with Increasingly Complex Sanctions Compliance

Office of Foreign Assets Control (OFAC) sanctions regulations and the and other regulatory regimes that impose restrictions on international trade have always been important tools to protect US foreign policy and national security interests. The use of sanctions has aggressively expanded in recent years, and the continuing inclusion of organizations and individuals’ names on OFACContinue reading “How to Deal with Increasingly Complex Sanctions Compliance”

Meet Scott Moritz

Senior Managing Director at FTI Consulting Forensic & Litigation, Risk & Investigation Practice Scott Moritz has more than 35 years of experience in combined law enforcement and investigative consulting, forensic accounting, and regulatory compliance advisory experience. Mr. Moritz assists clients and their outside counsel in managing their response to “bet the company” event-driven financial crime,Continue reading “Meet Scott Moritz”