Posted by Brian Monroe -
The skinny:
In today’s ACFCS Fincrime Briefing, FinCEN fincrime compliance innovation update, OFAC makes U-turn on U-turn transactions as sanctions tighten on Cuba, ACFCS Human Trafficking Scholarship Spotlight, and more.
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By Brian Monroe
bmonroe@acfcs.org
June 14, 2022
Welcome Back to the ACFCS Emerging Risks series, where we talk to top thought leaders on emerging and evolving risks to help fincrime fighters, compliance officers, law enforcement and more.
Today we have a special guest: Youngbee Dale is a CEO at Dale Consulting, LLC. based in Columbus, Ohio.
In this discussion, she covers a range of both revenue generating and money laundering models tied to human trafficking, including the differences in tactics used by, say, Mexican narco cartels and massage parlors related to China, Korea and the like.
For example, in some cases, the human trafficking victims in Mexico are also used as drug mules. In other cases, the cartel and traffickers will pick resident areas for operations.
The illicit finance movement vehicle of choice: money services business, including household name money remitters.
Conversely, in some case of Asian criminals in the U.S., the trafficking group will create a web of companies, typically hidden behind shell companies, to make ties to an illicit massage parlor more difficult to uncover.
How?
For instance buying an Asian market, then having a charity linked to a church the group controls, and then using church corporate accounts to buy real estate.
Real estate that can then be used to launder money – or to perform sex acts.
Overall, Dale has nearly two decades of experience related to human trafficking research, analysis and training and has authored several peer reviewed studies on the commercial sex market in the U.S., including related illicit laundering cycles.
With her expertise, she has trained and provided consulting services to many entities including NYPD (2021), U.S. Attorney Eastern District Office in North Carolina (2021), and Georgia State Criminal Council.
She also has served as an expert witness for commercial sex market and criminal enterprise related cases in the U.S.
She can be reached at dale@dale-consulting.com or you can follow her on LinkedIn and Twitter.
Here is a link to her studies: https://scholar.google.com/citations?user=f0JPGoEAAAAJ
Her consulting firm’s LinkedIn site: https://www.linkedin.com/messaging/thread/2-OWU3OTRlNTQtODNlOS00NmE3LTk2ZGUtZTJhYzg3YjQ0MzNmXzAxMw==/
Dale’s company website: https://www.dale-consulting.com
Twitter: https://twitter.com/consulting_dale
She can be reached at dale@dale-consulting.com or you can follow her on LinkedIn and Twitter.