I will present my program “Searching For Hidden Assets” at the 20th Fraud & Forensic Accounting Conference hosted by Louisiana State University’s Department of Accounting. This annual conference will be held July 24-25, 2025 in Baton Rouge, Louisiana. Furthermore, Searching For Hidden Assets will be the first program on July 25, at the two-day conference.
A) AN INTRODUCTION TO HIDING ASSETS BY LAUNDERING THEM
Searching For Hidden Assets covers ways vast sums of money and other assets can be hidden by individuals ranging from high-net-worth divorcing spouses to terrorist financiers. During this program, I highlight the common asset concealment methods by giving examples from my case files. Additionally, I discuss how true beneficial owners may hide their assets by washing them through offshore bank accounts, shell companies, nominees, trusts, etc. In other words, I explain ways these elements can be used as laundering links in a money laundering circuit. What does a full-blown money laundering circuit look like? A chart showing one is available here. Moreover, the chart is explained by the Canadian governmental authority FINTRAC, at its webpage.
B) SEARCHING FOR HIDDEN ASSETS: A BROAD RANGE OF ISSUES
Additionally, I will talk about a broad range of asset concealment issues. Some of these issues are:
- An Asset Search For Money Trails.
- Recognizing The Red Flags of Asset Concealment.
- Collecting Human Intelligence From Tipsters / Whistleblowers During An Asset Search.
- Possible Criminal Law Violations From Hiding Assets (Tax Fraud, Wire Fraud, Money Laundering, etc.).
- Illegal Asset Searches Arising Out Of Identity Theft, Computer Hacking, etc.
- 5 Things To Be Aware Of When Hiring A PI For A Bank Account Search.
- Legal Tools Available For Detecting Hidden Assets & /or Asset Recovery, (Letters Rogatory, The Uniform Interstate Depositions And Discovery Act), etc.
- Competing Claimants That May Hamper Your Asset Search.
Video Courtesy of The Egmont Group of Financial Intelligence Units
Copyright 2024 Fred L. Abrams