lakshmikumar

Lakshmi Kumar and Kaisa de Bel, Global Financial Integrity on U.S. Real Estate Money Laundering

Course Duration: 19 minutes
Course Points: 15

In this Partner Video, Lakshmi Kumar, Policy Director, Global Financial Integrity and Kaisa de Bel, Policy Analyst, Global Financial Integrity present the main highlights of the report on ‘Acres of Money Laundering: Why U.S. Real Estate is a Kleptocrat’s Dream’, which provides a comparative analysis of real estate money laundering regulations in the G7.

This report explores the world of global money laundering and demonstrates the ease with which criminals choose the U.S. real estate market as their preferred destination to hide and launder proceeds from illicit activities.

Lakshmi and Kaisa speak about the main findings of the report and their applicability across other jurisdictions. They discuss likely policy responses from the government and international agencies.

The report uncovers many interesting findings:

  • From cases reported in the last five years, over USD 2.3 billion have been laundered through the real estate sector in the U.S.
  • Real estate money laundering is a problem that spans the entire U.S., and not just the high value markets.
  • Over 80 per cent of the money that is being laundered in the U.S. through the real estate sector came from outside the U.S.
  • Over 50 per cent of the cases involved a Politically Exposed Person (PEP).
  • Almost 37 per cent of the cases involved commercial real estate.
  • The use of anonymous shell companies and complex corporate structures continues to be the number one money laundering typology.

Expert Speak: Lakshmi Kumar, Global Financial Integrity

Course Duration: 45 minutes
Course Points: 45

Lakshmi Kumar, Policy Director, Global Financial Integrity talked about Trade Based Money Laundering (TBML). The presentation covered key trends that are likely to be the areas of focus at the intersection of the Covid-19 pandemic with TBML and implementation of best practices.

This presentation was part of the AMLC-Fintelekt AML/CTF Summit Philippines 2020, conducted virtually from November 23rd – 27th, 2020.

Webinar: Trade-Based Money Laundering – Emerging Risks & Mitigation Strategies

Course Duration: 55 minutes
Course Points: 50

This webinar is part of the webinar series run by Fintelekt Advisory Services in association with the Asian Bankers Association (ABA). The topic for this webinar is “Trade-Based Money Laundering – Emerging Risks & Mitigation Strategies” and was aired on February 5, 2020.

Speakers:

  • LAKSHMI KUMAR, Policy Director, Global Financial Integrity
  • SHAFATH MUJAWAR, Faculty Member, Fintelekt Advisory Services
  • JANE LEE, Business Solutions Specialist, Accuity

Key issues:

  • Trends in trade mis-invoicing and TBML
  • Emerging areas of risk within TBML
  • Challenges in detecting TBML activities
  • Changes in regulatory expectations
  • Mitigation strategies by banks

Webinar: Illicit Gold Trade and TBML Policy Options

Course Duration: 51 minutes
Course Points: 50

This two-part webinar series, run by Fintelekt Advisory Services in association with the Global Financial Integrity (GFI), explored issues in gold trafficking as a key money laundering and financing tool for criminal groups and sanctions evasion.  The topic for this webinar is “Illicit Gold Trade and TBML Policy Options” and was aired on October 21, 2020.

This webinar discussed the policy options for the Indian government and the private sector to address the risks of TBML in the illicit gold trade and the effectiveness of ongoing policy measures.

Speakers:
ARPITA BEDEKAR, Director – Strategy & Planning, Fintelekt Advisory Services
LAKSHMI KUMAR, Policy Director, Global Financial Integrity

Webinar: Illicit Gold Trade and Using Trade Data and Financial Tools to Fight Money Laundering and Transnational Organized Crime

Course Duration: 56 minutes
Course Points: 55

This two-part webinar series, run by Fintelekt Advisory Services in association with the Global Financial Integrity (GFI), explored issues in gold trafficking as a key money laundering and financing tool for criminal groups and sanctions evasion.  The topic for this webinar is “Illicit Gold Trade and Using Trade Data and Financial Tools to Fight Money Laundering and Transnational Organized Crime” and was aired on October 14, 2020.

This webinar looked at the use of trade data and other financial tools to examine how the illicit trade in gold can be more effectively understood and tracked. Through a combination of the country and company level export data, the webinar showed investigative techniques to identify TBML risks, as well as other red flag indicators of heightened money laundering risks.

Speakers:
ARPITA BEDEKAR, Director – Strategy & Planning, Fintelekt Advisory Services
LAKSHMI KUMAR, Policy Director, Global Financial Integrity

Expert Speak: Lakshmi Kumar, Global Financial Integrity

Course Duration: 43 minutes
Course Points: 40

Lakshmi Kumar, Policy Director, Global Financial Integrity speaks about Trade-Based Money Laundering including specific typologies in South Asia and trade finance challenges in this presentation from Fintelekt’s South Asia AML/CFT 10th Annual Summit 2020 held virtually from December 7-9, 2020.

Scroll to Top