International Asset Searches

Finding offshore funds — and the future of money laundering — are the focus of this article by Beacon director John Powers, published this week in Pursuit Magazine, a leading educational resource for professional investigators.

An overseas shift in banking laws has led to greater transparency at European banks, following investigations by U.S. prosecutors of British bank HSBC and Swiss institutions UBS and Wegelin & Co.

Despite their cooperation with law enforcement, gaining information from offshore institutions remains a challenge for many private investigators and compliance professionals.  However, Swiss banks may no longer be the toughest accounts to crack.  Global asset searches and financial investigations have grown more complex as criminals pursue new ways to launder their cash, including virtual currency exchanges.

Read the full article here.

 

About the Author: John Powers is director of Beacon Investigative Solutions.  He has been featured in AOL Money & Finance, Huffington Post, Competitive Intelligence, and The Legal Investigator. Contact him at jpowers@beaconinvestigation.com or follow him on Google+ and @JohnPowersPI.

About Beacon: Beacon Investigative Solutions is a national private investigation agency that conducts asset searches and financial investigations for corporations, law firms, private clients and government agencies