Asian Money Laundering Organizations in Latin America and the U.S. | AML Masterclass

02/22/22 4 minute read

Asian money laundering organizations are one of the fastest growing financial crime threats in the Western Hemisphere. Their networks are complex, leveraging mirror transactions, front companies, and a variety of actors in multiple jurisdictions to move illicit proceeds for transnational criminal organizations based in Latin America.

In this webinar recording, Sayari’s Senior Latin America Analyst Bjorn Kjelstad discusses how publicly available information can be used to better understand and ultimately target these networks.

General Information:

Length: 60 Minutes
Credits: 1 CAMS credit, 1 CFCS credit
Cost: Free

Topics include:

Common typologies of Asian money laundering organizations operating in Latin America and the U.S.

Asian money laundering organizations operating in the Western Hemisphere use a variety of common money laundering techniques, including mirror transfers, front companies, and trade-based money laundering. In some cases, they’ve proven especially innovative in devising ways to meet a dual demand by both Chinese nationals looking to thwart Chinese foreign currency laws, and Latin America-based criminal organizations seeking to repatriate drug dollars back to their countries of origin.

What recent judicial cases in the U.S. tell us about how these networks operate

Recent judicial cases in the U.S. targeting Asian money laundering organizations provide intricate details into how these networks operate, including common typologies, key actors and their roles, and geographic presence.

Public records investigation of a recently adjudicated U.S. federal case of an Asian money laundering network spanning Central America, Mexico, China, Hong Kong, and the U.S.

An examination of an Asian money laundering network headed by Xizhi Li demonstrates how public corporate records can serve as a key source of data to identify other potential actors and entities involved, and to better assess how these different actors interact with each other.

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