“The bad guys are going to continue to find ways to hide money in plain sight.”
In this episode, Asset Reality’s US Compliance Officer David Tyree shares his experiences with asset seizures while working as a Resident Agent in Charge at the Drug Enforcement Administration (DEA).
David explores the complexities of non-conviction-based forfeiture with our host Aidan Larkin, emphasising the importance of tracing the assets back to criminal activities and the influence of adverse media on law enforcement decisions.
They also delve into the global challenges in asset recovery, consider how public and private sector partnerships can help tackle future obstacles in the field, explore the social reuse of seized assets and discuss why criminals prefer jail time over asset confiscation.
Timestamps
00:00 - Special Announcement - Register for Seize: London
00:00 - Special Announcement - Virtual Assets Transfer Fundamentals Certification
04:30 - Fighting Crime Through Asset Forfeiture
07:40 - Navigating Controversies in Civil Asset Forfeiture
18:00 - The Challenges of Seizing Cash
24:00 - Civil Forfeiture Process Explained
29:30 - Opportunities in Global Asset Recovery
36:00 - Reinvesting Seized Assets for Community Benefit
40:30 - Solutions in Crypto Asset Seizure and Forfeiture
Resources Mentioned
About our Guest
David Tyree is the US Compliance Officer for Asset Reality, following a 25-year career as a Special Agent for the United States Drug Enforcement Administration (DEA). Throughout his service, David specialised in identifying, disrupting and dismantling sophisticated money laundering networks around the world, with a strong emphasis on investigating Suspicious Activity Reports (SARs) which resulted in the forfeiture of over $80 million in criminal proceeds.
Since 2004, David has been a regular instructor for the Department of Justice’s Money Laundering and Asset Recovery Section (MLARS), the United States Attorney’s Office and the United States Department of Justice.
Based on David’s successful contributions to asset forfeiture in the US, he was designated in Federal Court as a money laundering detection and prevention subject matter expert and also consults as a subject matter expert for assetforfeiturelaw.us.
Disclaimer
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