MONEY LAUNDERING IN THE COMMERCIAL REAL ESTATE INDUSTRY
PDF Download : commercial_real_estate_assessment_final.pdf
An Assessment Based Upon Suspicious Activity Report Filing Analysis
December 2006
BACKGROUND
June 2016
Conviction for Making False Statements
PDF Download : Issue 18-story 6.pdf
A federal judge sentenced the defendant to a prison term after a jury found the defendant guilty of several counts of making false statements to a federally insured bank.
Drug Trafficker Pleads Guilty to Structuring and Money Laundering Charges
PDF Download : Issue 18-story 4.pdf
A defendant was sentenced to Federal prison after he admitted to structuring dozens of bank deposits and withdrawals, in an attempt to conceal proceeds from marijuana and hallucinogenic mushroom sales. With detailed bank statements, prosecutors could prove structuring and money laundering in lieu of presenting evidence of drug trafficking.
Corrupt Official Convicted on Numerous Charges Including Structuring
PDF Download : Issue 19-story6.pdf
In a case where a corrupt politician extorted money from his constituents, investigators examining his financial records found numerous instances of structuring. In fact, three different banks filed SARs on the defendant detailing unusual transactions. Prosecutors charged the official with multiple counts of structuring and other crimes.
SARs Help Uncover Scheme to Hide Payments from Drug Traffickers to Buy Vehicles
PDF Download : Issue 23-story7.pdf
A vehicle dealer created a scheme to hide payments for the purchases of aircraft by suspected drug traffickers. The scheme involved using multiple bank branches for deposits, and the avoidance of filing any Form 8300s. However, the alert financial institution identified the suspect transactions and filed multiple SARs. A SAR review task force identified the relevant SARs and initiated an investigation.