San Francisco Lawyer Helps in the Fight Against Money Laundering
6 October 2005U.S. financial institutions are
feeling increased pressure from the federal government to stand firm against
the use of their financial networks for terrorist financing. San Francisco
attorney Matthew L. Kabak recently worked with AML Specialists, LLC, as a
consultant in the areas of anti-money laundering, anti-terrorist financing and
U.S. Patriot Act compliance.
Mr. Kabak comments on his efforts, "Working with the skilled former IRS
criminal investigators of AML was a unique experience and the work was both
challenging and rewarding. It's amazing to see the extent to which the world's
financial systems are used for illegal purposes. Commercial fraud schemes are
common in civil litigation, and something I encounter often in my practice,
whether it's an intentional misrepresentation or a complex scheme to defraud."
Kabak adds, "It is not uncommon for small and mid-sized companies to have
manufacturers, distributors and vendors in different countries. Embezzlement
and fraud are real issues; it's not just drug dealers and terrorists that use
the financial system for illegal purposes. AML's work will contribute to
preventing U.S. financial institutions from inadvertently enabling money
laundering, and the insights I've gained while working with AML will certainly
benefit the clients of my private practice for years to come."
About AML Specialists, LLC
AML Specialists, LLC is based in San Francisco, California. The company
brings together a well-renowned team of compliance specialists that focus on
providing compliance advisory services for Anti-Money Laundering, Counter
Measures to Terrorist Financing and Risk Management as well as Audit, Testing
and Training for Compliance Specialists dealing with governance and
regulations related to FinCen, the US Treasury, IRS, NYSE, SEC, NASD, FDIC,
FED and OCC.
About Matthew L. Kabak
Matthew L. Kabak focuses on representing companies and individuals in
intellectual property, business transactions and commercial litigation. His
law offices are located in San Francisco, and more information is available
via his website, http://www.mattkabak.com
Source: PR Newswire
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