News

A large share of the estimated $300 billion of criminally derived profits that enters the U.S. each year moves through corporate accounts held by shell companies and onward into real estate, both of which are now the target of pending anti-money laundering rules and disclosure requirements. Ola Tucker, a former compliance officer at Commonwealth Trust Company in Delaware and author of "The Flow of Illicit Funds: A Case Study Approach to Anti-Money Laundering Compliance," recently discussed ongoing efforts to combat financial crime, including efforts to plow criminal cash into U.S. property and move large sums through cryptocurrency, with ACAMS moneylaundering.com...