Qui Tam Cases, Fraud and Whistleblower Law Nationwide
Money laundering refers to the activities and financial transactions that are undertaken with the intent to hide the true source of the money. In many cases, the money involved is earned from an illegal enterprise and the goal is to give that money, often referred to as "dirty" money, the appearance of coming from a legitimate source (i.e. "clean").
Two of the most common methods used to launder money involve:
- Moving the money out of the United States and then bringing it back in a clean form, often disguised as loan proceeds
- Channeling or co-mingling the money through a variety of business activities to give the appearance that the money was earned from a legal source
Money laundering has the potential to adversely impact the global economy.
If you have knowledge of Money Laundering or other securities law violations and would like to discuss the possibility of a whistleblower award under the SEC or CFTC whistleblower programs, please contact our whistleblower attorneys today. Kenney & McCafferty will consult with you about your case, without obligation. All communications with Kenney & McCafferty attorneys regarding your case are confidential and protected by attorney-client privilege.