Category: International Business

FinCEN Report to U.S. Senate’s Committee on Banking, Housing and Urban Affairs.

United States Senate on May 2019

Issue: Eliminating anonymous shell corporations by collecting beneficial ownership information in order to preserve our national security and protect our people from harm.

THE MERCHANT OF DEATH

A Russian arms dealer nicknamed the “The Merchant of Death,” who sold weapons to a terrorist organization intent on killing Americans. Executives from a supposed investment group that perpetrated a Ponzi scheme that defrauded more than 8,000 investors, most of them elderly, of over $1 billion. A complex nationwide criminal network that distributed oxycodone by flying young girls and other couriers carrying pills all over the United States. A New York company that wa

U.S. Treasury’s Financial Crimes Enforcement Network, FinCEN.

COVID-19 FRAUD: Federal Bureau of Investigation The Federal Bureau of Investigation and the Small Business Administration Office of Inspector General initiated an investigation into the submission on behalf of five businesses of fraudulent Paycheck Protection P

Robert F. Smith

Robert F. Smith Background and Non-Prosecution Agreement INTRODUCTION: Mr. Smith in 2020, at the age of 57, entered into a Non-Prosecution Agreement, NPA, with the IRS. Let’s look at what I believe happened to Mr. Smith to cause his personal and professional life to intersect with potential

United States Financial Action Task Force – Anti-Money Laundering

United States Financial Action Task Force

(FATF)

List of Jurisdictions with Strategic Deficiencies in

Anti-Money Laundering

Introduction:

In 2020, the United States’ Financial Crimes Enforcement Network (FinCEN) issued their advisory to financial institutions of updates to FATF’s list of jurisdictions with strategic anti-money laundering and counter-proliferation financing deficiencies. FATF continues to monitor compliance with its international standards and identify jurisdictions having strategic deficiencies in their own regimes.

Background:

The FATF is a 39-member intergovernmental body, including the U.S., that establishes international st

Could this happen to Coinbase?

On February 3, 2017, U.S. Magistrate Judge Thomas Rueter ruled that Google must provide emails stored overseas to the FBI for their domestic fraud investigation, despite an earlier decision finding no such obligation for Microsoft. The ruling was made in Philadelphia that transferring emails from a

11.5 Million Documents Leaked

11.5 Million Documents Leaked: The Crippling Panama Papers Transmuted Overnight From Privileged Attorney Information To Forever In The Hands of the Public And The Feared U.S. Treasury.

As you the Reader must suspect or know by now, this epic leak has attracted all the wrong attention and interest of governmental revenue departments around the world. The U.S. Treasury has made their intentions very clear, where its citizens are found to have been a part of tax evasion, the financial penalties will be destructive on one’s financial security of lifelong wealth accumulations. Although the investigations from these leaked documents will begin quietly and without any fanfare, a simple one page letter from the Large Audit and International Division will be just the beginning of a long