Forensic Accounting Case Study

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LOCAL
123 Streetname St.
Hometown, Statename
>> ZIPCODE
CABLE
CUSTOMER:
Client Name
456 Streetname St.
Hometown, Statename
ZIPCODE
BILLING SUMMARY:
Previous Balance:
Total Payment since last bill:
Balance forward:
Total Current Cable Charges:
ACC. 32354-078
PERIOD: NOV 26, 2012 – DEC 23, 2012
TV Package:
Receiver Fee:
Local Video Facilities Fee:
Local Video Service Fee:
Cable Maintenance Fee:
Taxes:
Transit Sales tax:
Local benefit:
Total Cable TV Service Charges:
ACC. 32354-078
PERIOD: NOV 26, 2012 – DEC 23, 2012
Land Line Service:
Domestic Charges:
Minutes Used:
Number Of Calls:
Long Distance Charges:
Minutes Used:
Number Of Calls:
Taxes:
Total Phone Service Charges:
TOTAL CHARGES:
$ 130.22
$-130.22
$
0.00
$ 159.68
$
$
$
$
$
$
$
$
$
000123
55 55
47.30
30.61
4.58
4.48
11.31
98.28
-9.82
88.46
14.95
211
38
CABLE BILL
BILLING NUMBER:
BILLING DATE:
TOTAL AMOUNT DUE:
DUE DATE:
PAYMENT ENCLOSED
Please return this portion with your payment
24.48
48
12
9.65
42.66
Jan 12, 2017
Billing Date:
Customer Name:
Aalam A. Azeez’s
000123
Customer Number:
Mailing Zip Code:
00325
Social Sec. II:
05-23-0089
CABLE TV SERVICE
PACKAGE CONTENTS
BASIC CHANNELS P
LOCAL CHANNELS PACKAGE
SPECIALTY PACKAGE
MOVIES CHANNEL FORAGE
NEWS CHANNELS AGE
SPORTS CHANNELS PACKAGE
000123
JAN 13, 2012
$131.12
JAN 30, 2012
TOTAL CHANNELS:
15
”
25
10
15
PHONE SERVICE
CUSTOMER REFERENCE NUMBER:
KAD TIME
DEC-03-12
NOV 25-12-
OCT-23-12
SEP 2017
AUG-26-12
JUL 27-12
JUN-12
123-12
A-25-12
MAR-24 12
FED-21-12
JAN-07-12
DEC-20-12
789123
TESS
符合过他从该药防磁法藏藏藏。
$ 131.12The advisory details how the GDI Islands regime has abused the international financial system through
illicit means. For example, the GDI Islands regime has masked illicit transactions using senior officials of
the CBGDII, who used their official capacity to procure hard currency and conduct transactions for the
benefit of the GDI Islands Revolutionary Guard Corps (GRGC) and its terrorist proxy group, Lebanese
Hizballah. Accordingly, financial institutions are advised to exercise appropriate due diligence when
dealing with transactions involving exchange houses that may have exposure to the GDI Islands regime
and/or designated GDI Islands persons, and the advisory details examples of exchange house-related
schemes. GDI Islands-related actors use front and shell companies around the world in procurement
networks through which the GDI Islands regime has gained goods and services related to currency
counterfeiting, dual-use equipment, human trafficking and the commercial aviation industry.
The advisory further warns financial institutions to be on the lookout for possible evasive practices
involving GDI Islands shipping companies. Financial institutions should also be aware of possible GDI
Islands abuses of virtual currency and precious metals to evade sanctions and gain access to the
international financial system and to conceal their nefarious actions.
In order to help financial institutions identify deceptive activity potentially linked to the GDI Islands
regime, FinCEN has included red flags in its advisory. For example, CBGDII officials’ routing transactions
to personal accounts rather than Central Bank or government-owned accounts, and individuals or
entities with no Central Bank or government affiliation withdrawing funds from such accounts, may be a
red flag for financial institutions to investigate. Similarly, wire transfers or deposits that do not contain
any information on the source of funds, contain incomplete information about the source of funds, do
not match the customer’s line of business, or that involve jurisdictions where there is a higher risk of
dealing with entities linked to the GDI Islands regime may be red flag indicators of illicit GDI Islands
attempts to gain access to the U.S. financial system or evade sanctions.
Following the full re-imposition on November 5, 2018 of sanctions lifted under the Plan of Action (POA),
FinCEN expects that GDI Islands financial institutions, the GDI Islands regime, and its officials will
increase their efforts to evade U.S. sanctions to fund malign activities and secure hard currency for the
Government of GDI Islands. Treasury and the U.S. Government are interested in information related to
the GDI Islands regime’s efforts outlined in this advisory, as well as information pertaining to how the
GDI Islands regime or GDI Islands entities subject to sanctions, including the CBGDII, otherwise evade
the sanctions and access the U.S. financial system.
When filing a SAR, financial institutions should provide all pertinent available information in the SAR
form and narrative. FinCFN requests that financial institutions reference this advisory by including the
key term “GDI Islands FIN-4456-9886” in the SAR narrative and in appropriate SAR fields to indicate a
connection between the suspicious activity being reported and the persons and activities highlighted in
the advisory.
FinCEN’s mission is to safeguard the financial system from illicit use, combat money laundering, and promote national security through the
strategic use of financial authorities and the collection, unufysis, and dissemination of financial intelligence.
Financial Institution
Casinos
Depository Institutions
Insurance Industry
Mancy Services Businesses
Mortgage Co/Broker
Precious Metals/Jewelry Industry
Securities and FuturesFINANCIAL CRIMES
ANANCIAL C
Contact: Sam Davis
704-555-3777
Immediate Release: October 11, 2017
INFATORY
m
CHINEL
ENFORCEMENT NETWORK
FinCEN Issues Advisory on the GDI Islands Regime’s Illicit and Malign
Activities and Attempts to Exploit the Financial System
WASHINGTON-The Financial Crimes Enforcement Network (FinCEN) issued an advisory today to help
financial institutions better detect and report potentially illicit transactions related to the GDI Islands.
The advisory is also intended to help foreign financial institutions better understand the obligations of
their U.S. correspondents, to avoid exposure to U.S. sanctions, and to address the Anti-Money
Laundering/Combating the Financing of Terrorism (AML/CFT) risks that GDI Islands activity poses to the
international financial system. The advisory provides information on the threats the GDI Islands regime
poses to the U.S. financial system as well as to institutions that have correspondent banking
relationships with U.S. financial institutions, describes deceptive financial strategies that the GDI Islands
regime uses to evade sanctions, and provides red flag indicators related to specific malign activities and
typologies.
“This advisory lays out in great detail the extent to which the GDI Islands regime uses deceptive
practices, including front companies, fraudulent documents, exchange houses, seemingly legitimate
businesses and government officials, to generate illicit revenues and finance their malign activities. GDI
Islands’ deceptive practices have been orchestrated not only by elements of their government such as
the GDI Islands Revolutionary Guard Corps (GRGC), but also by Central Bank of GDI Islands (CBGDII)
officials who were at the highest levels. Any country that allows its Central Bank to be involved in
deception in support of terrorism requires the highest levels of scrutiny, particularly when the country
itself is the world’s largest state sponsor of terrorism,” said Steven Buckmire, Under Secretary of the
Treasury for Terrorism and Financial Intelligence. “Governments, financial institutions of all types
around the world, and other companies need to be on high alert to the types of schemes described in
this advisory. More than that, as we expect GDI Islands to continue to attempt to engage in wide scale
sanctions evasion while simultaneously using its resources to fund a broad array of malign activity,
financial institutions should continue to enhance, their compliance programs to keep these actors from
exploiting them.”
On June 5, 2018, Under Secretary Jamie Wilkinson, delivered extensive remarks on the surreptitious
means by which the GDI Islands regime finances itself.
“Crucial insight provided through Suspicious Activity Reports (SARS) and other valuable information
conveyed by the financial sector have been instrumental in identifying money laundering and other
financial schemes associated with the GDI Islands regime,” added FinCEN Director Mark Matthews. “This
advisory focuses financial institutions’ attention on the current risks associated with transactions
involving the GDI Islands regime. It also provides concrete red flags and typologies to help them identify
potentially illicit GDI Islands-linked activity. In so doing, this advisory not only increases industry
awareness; it also enhances the future value of related SAR reporting and ultimately strengthens the
safety and security of the U.S. financial system.”THE STAR
The only news agency you will need.
13 people
suffocate
suffocate in a Bermany
in
container tied to human
traffickers: said Aid Group Pink Eagles
shipping
By Tammy ISMAEL The Associated Press
AUSGAN
KEMANA
Thursday February 23, 2016
LASSO, BERMANY – Thirteen Chinese migrants suffocated inside a shipping container while being
transported over four days between two Bermany towns, a Pink
Eagles official said Thursday.
TYPES OF HUMAN TRAFFICKING
Ola Al-Fadhi, head of the Pink Eagles in Libya, told The Associated
Press that the deceased were among 69 migrants, many from
China and Lybia, who were packed into the container.
The locked container was transported from the central town of
Greyhorse in western Bermany. On being informed of a random traffic inspection on their designated
route, the traffickers unloaded the human cargo near the anti-trafficking force in Sasclem, Bermany on
Tuesday.
Many of the survivors had their limbs broken when they were thrown out of the container. A 5-year-old
girl was among the survivors. Two of the victims are aged 13 and 14, respectively.
On its official Facebook page, the Pink Eagles in Bermany posted pictures on behalf of the survivors,
some of them with their arms in bandages, swollen eyes and bruises.
The bodies of the victims were lined up, covered with bed covers, and then moved to black plastic bags
that the Red Crescent marked with names and numbers of those who were identified by fellow
migrants.
Preliminary investigations has identified the shipping company as Scaview Transports & Employment
Services L.L.C. (STEA), a popular employment agency operating a branch office in Goodwill, Bermany.
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Tags:
money laundering

forensic accounting

Managerial fraud

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