transcript   Transcript

The Use and Misuse of Shell Companies and Offshore Entities: Panama Papers, 1MDB, and Other Scandals – What Does it All Mean for Legitimate Businesses?

Recorded on: Jun. 6, 2017
Running Time: 01:16:58

Full Transcript:

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Taken from the Web Program Anti-Money Laundering Due Diligence and Compliance 2017: What Lawyer, Accountants, and other Professional Service Providers Need to Know recorded June 2017 in San Francisco.

The Use and Misuse of Shell Companies and Offshore Entities: Panama Papers, 1MDB, and Other Scandals – What Does it All Mean for Legitimate Businesses? [01:16:58]
  • Legitimate uses of offshore entities
  • Disclosures of beneficial ownership
  • Enhanced CDD by financial institutions
  • Risks to professional intermediaries (e.g., alleged misuse of law firm trust account - Wolf of Wall Street complaint)

Janice Durisin, Mikhail Reider-Gordon, CAMS

The purchase price of this segment includes the following article from the Course Handbook available online:

  • Press Release, FinCEN Renews Real Estate “Geographic Targeting Orders” to Identify High-End Cash Buyers in Six Major Metropolitan Areas, U.S. Department of the Treasury (February 23, 2017)
    Nicole S. Healy
  • Sample Geographic Targeting Order, U.S. Department of the Treasury (February 21, 2017)
    Nicole S. Healy
  • Shadow Banking and Trade- or Service-Based Money Laundering
    Nicole S. Healy
  • Banking Division Transaction Monitoring and Filtering Program Requirements and Certifications, New York State Department of Financial Services, Superintendent’s Regulations, Part 504
    Nicole S. Healy
  • Customer Due Diligence Requirements for Financial Institutions, 31 C.F.R. §§ 1010, 1020, 1023, 1024 and 1026 (May 11, 2016)
    Nicole S. Healy

Presentation Material

  • A Lawyer's Guide to Detecting and Preventing Money Laundering
    Mikhail Reider-Gordon, CAMS
  • The Use and Misues of Shell Companies & Offshore Entities: Recent Scandals - What Does It Mean for Legitimate Businesses?
    Mikhail Reider-Gordon, CAMS
  • Panama Papers: A Focus on Financial Transparency
    Janice Durisin
Janice Durisin ~ Senior Manager, Anti-Money Laundering Consulting , Deloitte Transactions and Business Analytics LLP
Mikhail Reider-Gordon ~ Director, Global Disputes & Investigations, Navigant
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