LUBRINCO helps reduce loss from fraud and corruption, and liability from failure to exercise financial due diligence under the terms of the International Money Laundering Abatement and Anti-Terrorist Financing Act of 2001 and the EU Revised Money Laundering Directive of 2001. Know Your Customer requirements involve more than just verifying that a potential customer is not on the OFAC and known terrorist lists. It requires a range of procedures ranging from verification of sources of funds to answering subpoenas with minimum disruptions to the organization. It also includes outside verification of procedures, which can no longer be done by the consulting arm of your auditors. If the terms OFAC, AML, financial gatekeeper, or enhanced due diligence aren't an integral part of your vocabulary, talk to us.

LUBRINCO works in three primary areas in the field of AML, using only senior people.

• Development of AML programs under the auspices of the international development banks.
• Statutory mandated outside examinations of existing AML programs where there is a fear that you might face regulatory action.
• AML consulting to remove issues that might lead to a cease-and-desist order, or to remedy an existing cease-and-desist.

LUBRINCO sees more financial fraud every week than most companies see in a year. We deal with more financial fraud in a month than most government agencies are likely to encounter in a decade. Because of this, LUBRINCO is particularly well equipped to help you in three specialized areas that fall outside the expertise of most financial investigators.

LUBRINCO specializes in complex international financial investigations to locate missing and hidden assets. In an average year we are involved in gathering the necessary evidence to support efforts to locate or seize approximately $600 million in concealed or laundered assets. Recovery of missing assets requires participation of appropriately-skilled and -experienced counsel. Recovery efforts are best started early, and are best done with minimum publicity.

Forensic in nature, financial investigation is designed to reveal, quantify, and help recover from wrongdoing (in contrast to due diligence, which is designed to avoid problems). Financial investigation, and location of missing or hidden assets, may be necessary in a wide variety of cases, ranging from international and domestic financial fraud, to high-value divorce, to white-collar crime.

Business relationships abroad require the exercise of financial due diligence in an environment where you often understand neither the language, nor the culture, nor the laws, nor the financial practices. Because of our unique experience, LUBRINCO is particularly well equipped to help reduce loss from fraud, and liability resulting from failure to exercise appropriate financial due diligence in China, Central and Eastern Europe, Central Asia, the offshore financial centers, and Latin America.