Businesses, knowingly or unknowingly, can become vehicles for money laundering. This can draw the attention of regulatory bodies like the Financial Action Task Force (FATF), financial intelligence units or law enforcement agencies. If you’re a business owner or...
Businesses and individuals sometimes earn money in an unlawful manner and then need to find a way to make those funds appear legally earned. Some do this through money laundering, which is a complex process of making that happen. Laws in the United States forbid...
Doing business across borders comes with rewards and risks. If your company operates internationally, it’s important to understand how U.S. prosecutors can work with foreign governments during a criminal investigation. Below are some key points to consider. When...
For international businesses, adhering to trade laws is essential. Every year, U.S. Customs and Border Protection (CBP) seizes millions of dollars worth of goods due to violations. Here are some of the most common reasons for customs seizures. 1. Intellectual property...
Nobody starts their career with the goal of embezzling their company. However, sometimes, life’s circumstances lead them down that path. Many times, they use company funds with the intent to make full reimbursement. Unfortunately, they are often caught before that...
Many people may never have heard of the Environmental Protection Agency (EPA). For those involved in large scale businesses, they may have heard of the EPA but had few direct dealings with it. The EPA is a federal agency tasked with setting and enforcing environmental...
Transshipping is the practice of transferring imported goods from one form of transportation to another during their journey from their country of origin to their final destination. Transshipping can be perfectly legal – and efficient. It can be more economical to...
Phishing is a fraudulent scheme that intends to steal personal information from others for personal gain. Victims of phishing could reveal their online usernames, Social Security numbers, bank account information, credit card numbers, passwords, etc. This stolen...
The term “disgorgement” sounds like something that’s very painful. It certainly can be – financially. Disgorgement is a legal remedy that involves returning profits that were obtained through fraudulent methods (often referred to as “ill-gotten gains”) to those who...
There are many different kinds of fraud. Some forms of fraud are less obvious and can involve more than one person, such as pyramid schemes and bank fraud. Other forms of fraud can involve individuals, such as mortgage fraud. One kind of fraud that can happen to...