The  Money Laundering and Asset Protection Report e-Book
The  Money Laundering
and Asset Protection Report

 
by Vernon K. Jacobs and J. Richard Duke


 

This unique report is essential for anyone who wants to protect their assets with offshore legal structures and for legal advisors who want to provide that kind of service. 

The 29 page printed report is $28, but the e-book edition is just $15 and you will get delivery via email within a few minutes after you place your order .
 
Note: This report does not include a description of the USA Patriot Act but it does provide a helpful history of the money laundering and asset forfeiture laws in the U.S.

 

Your assets are as much at real risk of being lost due to the expanding use of money laundering laws to justify predatory asset forfeitures as from predatory civil lawsuits. A primary penalty for money laundering is the forfeiture of any assets that are alleged to be "involved" in any crime. While initially intended to punish drug dealers, the law has been expanded to cover nearly any kind of crime.

Did you know that tax evasion is subject to money laundering penalties? And proof is not required. A mere allegation of tax evasion is sufficient to confiscate any assets that are deemed to be involved in or to be a byproduct of the crime.

Were you aware that the fine for willful failure to report a foreign bank account on Form TD F 90-22.1 can be as much as $500,000?

Have you heard that law enforcement persons only need to accuse you of a crime -- including a misdemeanor -- in order to confiscate your assets?

If you are a lawyer or other financial advisor, you can be accused of money laundering by providing services to someone who is merely accused of money laundering. An attorney from San Francisco established an offshore structure for a client who was later accused of money laundering. The government also accused the attorney of being part of a "conspiracy" to launder money.

The attorney was sentenced to five years imprisonment for his part in a "money laundering conspiracy" in which he merely was paid ordinary legal fees to set up an offshore structure for a client who later testified against him in return for a reduced sentence. This conviction is likely to be of great concern to every lawyer who works in the asset protection field and in the offshore trust or corporation specialty. It's very likely that they will be far more cautious about accepting new clients and will require extensive disclosure of a client's history and current financial affairs before accepting any client who wants to establish an offshore structure.

Were you aware that your banker, broker and other financial service providers are required to file a report with the government if you engage in any "suspicious activity"? The clerks at the local bank are not only subject to punitive actions if they fail to report a suspicious activity; they can be rewarded with a percentage of any assets seized as a result of the reports that they file. Here's a provocative observation by the Sovereign Society A-Letter.

Headed for your bank today? Try a bit of introspection first. Ask yourself: "Am I acting like a money launderer?" Your banker, broker or investment advisor may be watching you and your account for "suspicious activity." They may even get a reward if they turn you in.  Most people believe that civil forfeitures only happen to criminals like drug dealers. However, more and more innocent people are having their assets plundered by our government officials without even the benefit of a trial. Any of us can be sued for any number of civil rights violations, but the government is generally immune from having to comply with their own laws. Here are two examples presented in the form of a classified ad by the ACLU.
  • House for Sale: Beautiful Colonial home, four bedroom, three bath. Stolen from an elderly couple by the United States government because drugs were in their grandson's room. Though the grandparents were never arrested or convicted, the government seized their home, sold it and kept the proceeds. All without a trial.

  • Car for Sale: 500SL Luxury Sport Coupe. Its performance is unmatched on the highway: unless you're black and driving on some interstates. Then you could be pulled over and searched by state troopers for fitting a drug courier profile. (And the car can be confiscated by the police.)
Report Outline

A Very Brief History of Money Laundering Laws

  •     The Racketeering and Corrupt Organization Act (1970)
  •     The Bank Secrecy Act (1970)
  •     The Comprehensive Forfeiture Act (1984)
  •     The Money Laundering Control Act of 1986
  •     The "Money Laundering and Financial Crimes Strategy Act of 1998
This report also describes
  • Money Laundering Penalties
  • Weapons against Promoters and Advisors
  • Suspicious Activity Reports
  • Required Information Returns
  • Forfeiture Reform Efforts
  • How to Protect yourself and Your Assets
  • Research Resources

This report is included in the Offshore Press on-line library of Wealth Protection Reports .

The 29 page printed report is $28.00.

The e-book edition is only $15.00.

  How to Order

Three Ways to Order This Report

The report is included in the International Wealth Protection On-Line Library.

The Report is available in printed form , and

The Report is available as an e-Book that you will receive within moments after you place your order. Click on the link below for the file format that you prefer.  
WARNING!  When you place the order, you will see a menu that asks if you want to open the document or to save the document. We suggest that you elect to save it to a folder or file where you can find it. If you elect to just open the file, you may have difficulty saving it or even making a printed copy.
 

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Sponsored by Offshore Press, Inc . Copyright, 2009, All rights reserved. Offshore Press, Inc., Box 8137, Prairie Village, KS 66208. (913) 362-9667. Email to Offshore Press   Vernon K. Jacobs, Webauthor .