Preventing Financial Instrument Fraud The Money Launderers Tool

"Individuals and companies must be able to invest and do business with confidence wherever they see the opportunity. The financial community, from international banks to small investors, must be aware of the pitfalls, the telltale signs that betray a fraud." Maria Livanos Cattaui Secretary General International Chamber of Commerce

Paul Renner is co-author of the 2002, ICC (International Chamber of Commerce) publication, Preventing Financial Instrument Fraud The Money Launderers Tool. The fraud models described within the publication have been referenced by the UK City of London Police and prosecution services, to support their cases and secure convictions against fraudsters. The best way to understand how a Fraudster uses the financial/banking system is to look at the scheme from their viewpoint. In Preventing Financial Instrument Fraud The Money Launderers Tool, Paul Renner explains the following:

How Fraudsters choose their victims and to how they set up the investment program 7 things a Fraudster gets from your Bank Statement / Proof of Funds Secure & Insecure Methods of having control or loss of control of funds Commission structure to Brokers, which help the Fraudsters goal. Use of Advisors including Bankers, Lawyers, Accountants, Insurance Brokers, Traders 10 techniques the Fraudster uses to protect him/herself against prosecution and imprisonment 10 questions the Fraudster doesnt want to hear you ask when filtering out investment offers

This unique reference book explains in simple language: the history behind the scams; the psychology utilised; the methods; the documentation; the jargon; the marketing techniques; the money laundering processes and a number of case studies showing the different approaches of the fraud.

Money Laundering Tool

The Financial Instrument Fraud (FIF) Model section includes a Chart originally drafted by an undercover law enforcement officer to explain the FIF scam. By analysing this chart you are able to identify the methods used by organised criminals to perpetuate the fraud. You learn how the 3 parts of Money Laundering are used in the Financial Instrument Fraud: Placement Layering Integration

Every day the ICC Commercial Crime Bureau (CCB) receives requests from around the world, to examine and authenticate Financial Instruments. Now you will be able to compare the genuine from the fake.

The Specimen Documents section shows you how to identify fact from fiction. Examples taken from the files of the ICC CCB explain the incorrect and suspicious terms used in these Financial Instruments compared with a real Financial Instrument. These include: Genuine Letter of Credit compared to a Fake Letter of Credit Genuine Stand-by Letter of Credit compared to a Fake Standby Letter of Credit Genuine Guarantee issued by a Bank compared to a Fake Prime Bank Guarantee (PBG) Other pages detail errors and red flags in Fake Certificates of Deposit, Non-Existent NCND Agreement, Fake Safe-Keeping Receipt, Fake Proof of Funds Letter, Fake Letter of Intent, Fake Promissory Note, Non-Existent Modified Form ICC No. 4081 and the Fake London Short Form Guarantee.

There are many Common Terms and Phrases used in Financial Instrument Fraud. A checklist of more than 120 of these are included in a special Glossary section. Terms such as Collateral House, Fresh Cut Paper, Grand Master, Master Collateral Commitment, Prime Bank Trading. The inclusion of these red flags in an investment contract may start an investigation proceeding by a regulatory agency such as the SEC, FSA, or State Securities Agencies.

From USA & Canada to Europe & the Pacific Rim fraudulent schemes have proliferated. 20 Case reports show the different way and means of parting victims from their money. Reports include: Forged Bank Guarantees, Bank Debenture Programs, Advance Fee Fraud, Certificate of Deposit Fraud, Treasury Bill Leasing, Medium Term Notes Fraud, Prime Bank Trading & High Yield Investment Programs (HYIP) A UK Law report further details a banks dilemma when caught in a suspected Financial Instrument Fraud (FIF)

Over the last few years articles have appeared to try to explain and promote the existence of Bank Trading Programs. In Hooking Victims, one such article is reproduced. You are shown how some historical factual information has been weaved with incorrect statements to portray a scheme that is hugely profitable as well as risk free. Comments have been added to show the inaccuracies and nonsense in the Fraudsters handiwork.

By referring to the Resources & Contacts section you will save hours of your research time. Besides addresses and contact numbers you are given the weblinks so you can see what the SEC, US Treasury, Federal Reserve, IMF, OCC, World Bank, Met Police and others really say about these scams. Other links show you where to report your scam including USA, CANADA, Europe, Australia, and New Zealand

In the unfortunate event of being involved in a Financial Instrument Fraud, the Guide to Compiling Information section shows you the 6 key words, which will help clarify your thoughts. These key words will help when reporting your fraudulent scheme to the appropriate authorities.

You will also learn that these schemes are not new. The Background to Financial Instrument Fraud tells you about Gregor I, Cazique of Poyais a/k/a Gregor Mac Gregor, 1786-1845, the earliest uncovered history of the invention of a country in selling fraudulent financial instruments to the public. Also mentioned is Charles Ponzi, regarded as the father of modern fraudulent financial frauds.

Who needs this unique book? Investors, investment advisors, stockbrokers, accountants, CPAs, lawyers, bankers, life insurance agents, financial advisors, business owners, regulators, law enforcement as well as anyone who would like to inform themselves of this mysterious subject.

About Paul Renner - KYCMap | C6 Intelligence Information Systems Limited Paul Renner is CEO of KYCMap.com and the Co-Founder of C6 Intelligence, a leading provider of global intelligence information on both individuals and companies through the C6 Database and bespoke research projects. C6 Intelligence provides Enhanced Due Diligence (EDD), Know Your Customer (KYC), and Anti-Money Laundering (AML) checks and solutions for companies worldwide, and has a presence in the Americas, EMEA and APAC regions.

SOURCE: Paul Renner C6 intelligence | KYCmap - Preventing Financial Instrument Fraud