Category: Blog

Personal Security Measures Business Owners Need to Know When Traveling

Personal Security Measures Business Owners Need to Know When Traveling L. Burke Files, President of FE&E Inc was quoted in this article – NE GUARD on July 2, 2021. Security Measures You Need to Implement Before, During and After Travel    Link to NE Guard Article PDF of Article – Personal Security Measures Business Owners […]

How to Spot Counterfeit Money

How to Spot Counterfeit Money L. Burke Files was quoted in Money-US News – July 21,2021   Click here to Link to full article PDF of article:  How to Spot Counterfeit Money | Personal Finance | US News

The Seven Steps to Personal Safety

The Seven Steps to Personal Safety How to Avoid, Deal-With, or Survive the Aftermath of Violence and Terrorism in the New Millennium By Richard Bruce Isaacs, M.A., CPP & Tim Powers 7 steps to Personal Safety

How To Financially Weather a Divorce in Midlife (or Later)

How To Financially Weather a Divorce in Midlife (or Later) L. Burke Files was interviewed by GoBankingRates.com on how to financially prepare for a divorce. Read the full article here: https://www.aol.com/finance/financially-weather-divorce-midlife-later-230003797.html Click here for a pdf version of article: How To Financially Weather a Divorce in Midlife (or Later)

Due Diligence is required on Charities, Foundations and NGOs. IFC Review.

Due Diligence is required on Charities, Foundations and NGOs. IFC Review. https://www.ifcreview.com/articles/2020/october/our-noble-deeds-and-a-wee-bit-of-due-diligence-on-charities-foundations-and-ngos/ – link to article IFC-Review-Our-Noble-Deeds-and-a-wee-bit-of-due-diligence-on-Ch.._ – PDF Version

Shock-Covid winners and losers

Shock-Covid winners and losers Pre-Covid to Post-Covid economies and weathering the Shock-Covid reality. An article on the winners and losers by myself in IFC Review. https://www.ifcreview.com/articles/2020/august/covid-19-winners-and-losers PDF Version IFC Review COVID-19 Winners And Losers/

FinTech Article in IFC Review

FinTech Article in IFC Review An article on FinTech and IFCs I authored was published at IFC Review. https://www.ifcreview.com/articles/2020/august/fintech-offers-multinational-innovation/ PDF Version

Sustainability and Hedge Funds

Sustainability and Hedge Funds This is my look into the concept of sustainability requirements for investors and my findings. Beware of Pigs in Frog Suits. https://www.ifcreview.com/articles/2020/may/sustainability-beware-of-a-pig-in-a-frog-suit/ – link to article Sustainability_ _Beware of a pig in a frog suit_ – pdf version

How To Deal With Know It Alls

How To Deal With Know It Alls I was one of the contributing authors to a segment on How To Deal With Know It Alls on UpJourney https://upjourney.com/how-to-deal-with-know-it-alls – link to article How to Deal With Know It Alls – Experts’ Advice – pdf version

AACI Launches in Nigeria

AACI Launches in Nigeria The American Anti-Corruption Institute launched at the University of Ibadan. The reception for Anti-Corruption education was amazing and over the top. The presentations from our hosts and the guest speakers were just excellent. The event was 24 carat golden. Here is a pdf of an article from CEO Africa. CEOAfrica __ […]

Foreign Policy – US Banks dubious relationship with Deutsche Bank

Foreign Policy – US Banks dubious relationship with Deutsche Bank I had a nice quote examining the failure or a Russian bank and some of the dubious relationships between Deutsche Bank and US Banks pdf version – Foreign Policy Feb 2020 Link to article – Foreign Policy

IFC Review – EU’s 5th AML Directive

IFC Review – EU’s 5th AML Directive pdf version – IFC Review 5th EU AML Directive Link to the article by L. Burke Files published in the IFC Review 2020.

Cryptocurrency and Flight Capital

Cryptocurrency and Flight Capital In this article, I discuss some of the pressure on cryptocurrency and how flight capital may be one of those drivers in an unstable county. Finance Magnets Cryptocurrency and Flight Capital    

Banking Risks, Red Flags, and A.I. in IFC Review

Banking Risks, Red Flags, and A.I. in IFC Review https://www.ifcreview.com/articles/2019/december/banking-risks-red-flags-and-ai/ – link to article Private Banking and A.I. Red Flags – pdf version

Forbes – EU Spotlights New Ways To Bribe And Launder Money

Forbes – EU Spotlights New Ways To Bribe And Launder Money This is an excellent article in Forbes by Kenneth Rapoza on how the EU is waking up on how real money is laundered. https://www.forbes.com/sites/kenrapoza/2019/04/19/eu-spotlights-new-ways-to-bribe-and-launder-money/#61e137416c03

Deutsche Bank and Trump in Newsweek

Deutsche Bank and Trump in Newsweek L. Burke Files was quoted in an article involving Deutsche Bank’s ongoing trouble with operations and their relationship with Trump. https://www.newsweek.com/donald-trump-deutsche-bank-fraud-investigation-1370805 – link to article Donald-Trump-May-Have-Committed-Bank-Fraud-and-Congress-Will-Investigate-Democratic-Congressman-Says– pdf version

Newsweek Story on Troika and Prince Charles

Newsweek Story on Troika and Prince Charles We have a nice quote in the ongoing story of money laundering PDF version- Prince Charles Charity Received Funds From Offshore Company Used to Launder Russian Money, Investigation Reveals Link to Story at Newsweek – https://www.newsweek.com/prince-charles-charity-received-funds-offshore-company-launder-russian-money-1351402

Berlingske – Nordea and Potential Money Laundering

Berlingske – Nordea and Potential Money Laundering We have a nice quote in this story on what had happened in Nordea and we have to say – even a basic appraise of the accounts should have shown red flags. Please read the rest of the story – fascinating. PDF in English version – Berlingske Nordea Link […]

Newsweek – How Rich Is Putin?

Newsweek – How Rich Is Putin? It was a nice discussion on how do you calculate the wealth of a person in power and why does it matter? https://www.newsweek.com/how-rich-vladimir-putin-us-senate-wants-know-russia-president-net-worth-1331458 – link to article How Rich Is Vladimir Putin_ U.S. Senate Wants to Know Russia President’s Net Worth – pdf version

What Was The OECD Thinking

What Was The OECD Thinking The OECD recently blacklisted another group of countries for their Economic Citizenship Programs. L. Burke Files authored an article on his short analysis of the OECD’s intent only to understand how much the OECD actually benefit from EU based economic Citizenship Programs. The Article was published in The Citizen Article – […]

Oleg Deripaska Sanctions – Newsweek

Oleg Deripaska Sanctions – Newsweek L. Burke Files was interviewed for an article on the partial lifting of sanctions by the Trump Administration on Oleg Deripaska A link to the story https://www.newsweek.com/trump-russia-putin-deripaska-paul-manafort-vtb-bank-glencore-1266018 Oleg Deripaska Sanctions – Newsweek – PDF version of the story

Danske Bank – Newsweek

L. Burke Files was quoted in a story on Danske Bank in Newsweek Link to the story https://www.newsweek.com/danske-bank-whistleblower-will-give-department-justice-information-massive-1194112 Link to PDF version.

OECD Benefits from Citizenship – IMI Daily

OECD Benefits from Citizenship – IMI Daily L. Burke Files wrote an OpEd on the direct benefits the OECD received from economic citizenship programs while at the same time blacklisting those nations that offer those programs. Link to Story https://www.imidaily.com/opinion/burke-files-oecd-countries-themselves-are-the-main-beneficiaries-of-rcbi-programs/ PDF version of the story.

Ghost Employees – SHRM

Ghost Employees – SHRM Society For Human Resource Managers L. Burke Files was interviewed on the story of the problems with Ghost Employees. Link to the story https://www.shrm.org/hr-today/news/hr-news/Pages/ghost-employees-spirit-away-money-from-employers.aspx PDF version of the story.

Freelancers and Collection Agencies

Freelancers and Collection Agencies A few quotes on Business News Daily on how and when a Freelancer should use a collection agency. Link to Story Pdf of story – How Freelancers Can Collect Unpaid Debt – businessnewsdaily.com

Resume Errors – Market Watch

Resume Errors – Market Watch L. Burke Files was interviewed on critical mistakes professional make when crafting their resume. Link to the Story https://www.marketwatch.com/story/dont-make-the-same-critical-resume-mistake-as-disgraced-florida-politician-melissa-howard-2018-08-19 PDF version of the story.

Limitations of Automated Due Diligence – IMI Daily

Limitations of Automated Due Diligence – IMI Daily L. Burke Files wrote an OpEd article on the limitations of Automated Due Diligence for IMI Daily. Link to the article; https://www.imidaily.com/opinion/the-limitations-of-automated-due-diligence-for-cbi-applicants-by-burke-files/ PDF version of the article.

Danske Bank in the Financial Times

L. Burke Files was quoted in an article in the Financial Times on Danske Bank and their troubles. Link to story https://www.ft.com/content/0d2b3bf6-812f-11e8-bc55-50daf11b720d Link to PDF of story

Crypto Pump and Dump

Crypto Pump and Dump A quote in an excellent article on Pump and Dump schemes. https://www.financemagnates.com/cryptocurrency/news/dirty-money-look-inside-crypto-pump-dump-schemes/ In pdf form.

An update on Jamie Laiaddee

In 2010 Mr. Files was asked as a favor to look for Jamie Laisddee who had left Phoenix for a job interview in Denver. Jamie never did make it to Denver and her remains were only recently discovered. He are links to the news coverage and interviews with Mr. Files. https://www.abc15.com/news/region-southeast-valley/chandler/remains-found-identified-as-jamie-laiaddee-missing-since-2010 Jamie Laiaddee remains found […]

Offshore wind blowing over Serbian Prime Minister

Offshore wind blowing over Serbian Prime Minister While Mr. Files has a few quotes in what has been described as a very complex business structure. It was designed for the development of a wind farm in Serbia with the aid of some short-sighted due diligence conducted by the EU departments backing over €200 million in […]

Quote In Univision on Real Estate Due Diligence

Quote In Univision on Real Estate Due Diligence https://www.univision.com/univision-news/latin-america/trump-org-magnet-for-dirty-businessmen pdf version I am continually amazed at the utter sloth by all participants in real estate due diligence – with the notable exception of bank lenders – who may go a bit crazy in the other direction. This is an article on Trump and his counterparties […]

Russian Officials Tied To Danske Bank – Polish Radio

Russian Officials Tied To Danske Bank – Polish Radio L. Burke Files was quoted in the story on how Russian officials may have been using Danske Bank Link to the story – http://www.thenews.pl/1/10/Artykul/351456,Putin-family-FSB-allegedly-used-Danish-bank-for-money-laundering-report Link to a PDF of the story – Putin family, FSB allegedly used Danish bank for money laundering_ report – Radio Poland […]

The Ciprani Five

The Ciprani Five This is the story of 5 entrepreneur friends in London that all died rather abruptly. The center point and last man to die was Scot Young. Some of my comments on Scot Young and his business dealings have been included in this story from Tatler Magazine 02-18 issue. The Ciprant Five – pdf […]

Financial Self-Defense: Preventing Fraud and Mischief

Financial Self-Defense: Preventing Fraud and Mischief Norb Vonnegut and I had many far-ranging conversations on fraud and financial mischief directed at the HNW Individuals. After a sort, we decide that our conversations might be of some value for everyone. The expertly edited (by Norb of course) dialogue was published by the CFA Institute. The CFA […]

Understanding Information

Understanding Information Financial structures and transactions leave clues much like a deer walking through a forest. One needs the experienced eye of a tracker to understand both the animal and the trail. When no demand accounts were found in the name of Scot Young it was a klaxon horn to those that could hear the […]

Scot Young’s Financial Phone Call

Scot Young’s Financial Phone Call L. Burke Files was quoted in the Telegraph story on Scot Young’s final phone call before he died. Link To Story PDF of Story

L. Burke Files and the AACI in Jordan

L. Burke Files and the AACI in Jordan December 6th I gave a presentation in Jordan on behalf of the American Anti-Corruption Institute. It was a direct and blunt discussion of corruption, celebrating the launch of the Law and Governance Center (LGC) and its founder and general manager the visionary Dr. Omar Daoud and a […]

Maltese law firm confirms Erdoğan company offshore bank account

Maltese law firm confirms Erdoğan company offshore bank account. I have been quoted in these articles providing some professional color commentary on a fascinating story of intrigue, financial mischief, and money laundering. Story from The Black Sea – link to story Maltese law firm confirms Erdoğan company offshore bank account – The Black Sea – pdf version […]

Starting a Business, What is Most Important?

Starting a Business, What is Most Important? My dear friend Ethan Fialkow and I had a wide-ranging long-lasting discussion about what is most important in starting a business. Our discussions focused on the errors committed every day by business owners, the errors in construction and commission making their businesses frail to any business shock. We […]

When Did Danske Bank Discover Money Laundering?

When Did Danske Bank Discover Money Laundering? I was quoted in a fascinating story surrounding actions at Danske Bank in 2014 and how the bank was dealing with flows of wealth from Russia. Link to Berlingske Link to Article in English

From Azerbaijan with love and money

From Azerbaijan with love and money I was privileged to assist, as a fiscal interpreter, the reporters who broke the story on money flowing from Azerbaijan to EU politicians by and through Scottish LPs. The size breadth and volume of the transactions are mind numbing. It is sad to see how little the EU politicians […]

Scottish Firms that let money from from Azerbaijan to the UK

Scottish Firms that let money from Azerbaijan to the UK https://www.theguardian.com/world/2017/sep/04/the-scottish-firms-that-let-money-flow-from-azerbaijan-to-the-uk A fascinating tale on how money was moved and hidden with a small quote from L. Burke Files.

UK at the centre of secret 3 billion money laundering ring.

UK at the centre of secret 3 billion money laundering ring. UK at centre of secret $3bn Azerbaijani money laundering and lobbying scheme _ Azerbaijan _ The Guardian – pdf version https://www.theguardian.com/world/2017/sep/04/uk-at-centre-of-secret-3bn-azerbaijani-money-laundering-and-lobbying-scheme – link to site A great story in the Guardian with a small quote from L. Burke Files

A Bet Gone Bad: How the Professional and Amateur Sports Protection Act Harms Consumers, States and Sports

A Bet Gone Bad: How the Professional and Amateur Sports Protection Act Harms Consumers, States and Sports, a paper published by the Reason Foundation, Policy Brief No.145 by Julian Morris and Guy Bently. Mr. Files as part of his work with the American Anti Corruption Institutes was quoted in the paper. https://reason.org/wp-content/uploads/2017/11/sports_gambling_legalization_papsa.pdf sports_gambling_legalization_papsa

Checklist Are Great – Or are they?

Checklist Are Great – Or are they? Checklists can be helpful or lead us into system compounding cascading errors. So environments are they effect and what environments are they dangerous? An article by L. Burke Files Small Business Accelerator

Accounting Firms and Non-Core Services

Accounting Firms and Non-Core Services I am seeing more and more overreach by accounting firms try to be everything to all firms while they failing even in their supposed core of competency. An Article by L. Burke Files Small Business Accelerator

Big data contre le blanchiment d’argent : machine learning, applications et réglementations financières

Big data contre le blanchiment d’argent : machine learning, applications et réglementations financières Big data against money laundering_ machine learning, financial applications and regulationsZDNet – pdf English Version http://www.zdnet.fr/actualites/big-data-contre-le-blanchiment-d-argent-machine-learning-applications-et-reglementations-financieres-39852592.htm   A quote by L. Burke Files

A Guru in Zimbabwe

A Guru In Zimbabwe It seems I made the Press in Zimbabwe here are links to the two stories.   http://www.herald.co.zw/category/articles/business/ – link to site (use search – financial guru) Financial guru headed for Zim _ The Herald – pdf version   http://zimbabwe-today.com/financial-guru-headed-zim/  – link to site Financial guru headed for Zim – Zimbabwe Today – pdf version […]

Sale Side Due Diligence

Sale Side Due Diligence I was asked to contribute to an article on Sale Side Due Diligence. It is an overlooked fact that businesses who take the time to prepare for the eventual sale and prepare themselves through sale side due diligence will sell faster, and command a higher price. https://www.small-business-accelerator.com/sale-side-due-diligence-mergers-acquisitions-business-seller/

International Bodyguard Association – moving forward

International Bodyguard Association – moving forward International Bodyguard Association – moving forward – pdf version http://www.ibabodyguards.com/news/2017/4/12/interview-with-the-director-general  – Link to story L. Burke Files referenced

Big Data versus money laundering: Machine learning, applications and regulation in finance

Big Data versus money laundering: Machine learning, applications and regulation in finance Big Data versus money laundering_ Machine learning, applications and regulation in finance _ ZDNet – pdf version http://www.zdnet.com/article/big-data-versus-money-laundering-machine-learning-applications-and-regulation-in-finance/ – Link to site L. Burke Files quoted

Szakmányban folyhatott a pénzmosás a Cityben – Putyinig érnek a nyomok

Szakmányban folyhatott a pénzmosás a Cityben – Putyinig érnek a nyomok Money laundering may have been going on in the City – Traces reach Putin – Napi.hu-pdf English version http://www.napi.hu/nemzetkozi_gazdasag/szakmanyban_folyhatott_a_penzmosas_a_cityben_putyinig_ernek_a_nyomok.631916.html – link to story   L. Burke Files referenced

Giant Russian Money Laundering Scheme

Giant Russian Money Laundering Scheme Giant Russian Money Laundering Scheme _ PYMNTS.com – pdf version http://www.pymnts.com/news/security-and-risk/2017/giant-russian-money-laundering-scheme-sweeps-up-big-banks-worldwide/ – link to site L. Burke Files referenced

Lavandería Global’: así se blanqueaba dinero ruso en los bancos europeos

Lavandería Global’: así se blanqueaba dinero ruso en los bancos europeos ‘Global Laundry’_ this is how Russian money was laundered in European banks  – pdf English Version  http://www.eldiario.es/theguardian/Rusia-blanqueo-Londres_0_624688158.html – link to site L. Burke Files referenced  

Coutts and Barclays embroiled in $740m Russian laundering claim

Coutts and Barclays embroiled in $740m Russian laundering claim Coutts and Barclays embroiled in $740m Russian laundering claim – Citywire – as pdf http://citywire.co.uk/wealth-manager/news/coutts-and-barclays-embroiled-in-740m-russian-laundering-claim/a1002335 – from site L. Burke Files referenced

Russians launder billions through British banks

Russians launder billions through British banks Russians launder billions through British banks– as pdf https://bravenewcoin.com/news/russians-launder-billions-through-british-banks/ – from site L. Burke Files referenced

Russians launder billions through British banks (who cares?)

Russians launder billions through British banks (who cares?) Russians launder billions through British banks (who cares_) – Chris Skinner’s blog– as pdf https://thefinanser.com/2017/03/russians-launder-billions-british-banks-cares.html/ – from site L. Burke Files referenced

Coutts, Barclays face $740m Russian laundering claim

Coutts, Barclays face $740m Russian laundering claim L. Burke FIles was one of the quoted sources in the City Wire story. https://citywire.co.uk/funds-insider/news/coutts-barclays-face-740m-russian-laundering-claim/a1002338 – Link to Story Coutts, Barclays face $740m Russian laundering claim – Citywire – PDF of Story  

SMEs Expanding Internationally

SMEs Expanding Internationally face many know challenges, we call those Elephants Risks, because everyone can see them. The SMEs also face devastating unknown risk I call the Persistent Termite Risks. Here is a short article by L. Burek Files published by INTERFIMA on the issue. http://www.interfima.org/publications/smes-expanding-internationally/

British banks handled vast sums of laundered Russian money

British banks handled vast sums of laundered Russian money Equipo Nizkor – British banks handled vast sums of laundered Russian money_2  -as pdf http://www.derechos.org/nizkor/corru/doc/laundering3.html -from site L. Burke Files referenced  

British banks handled vast sums of laundered Russian money

British banks handled vast sums of laundered Russian money, in the Guardian Newspaper is an article on issues related to the Russian Laundromat Cases. They were kind enough to quote L. Burke Files on a number of matters tied to the case. British banks handled vast sums of laundered Russian money _ Banking _ The […]

Manners Matter

Manners Matter When looking to grow one’s social or professional circles, manners matter. Article by L. Burke Files Small Business Accelerator

The War On Cash: Yet Another Example of Gov’t Trading Liberty for Security

The War On Cash: Yet Another Example of Gov’t Trading Liberty for Security The War On Cash_ Yet Another Example of Gov’t Trading Liberty for Security _ CNSNews – as pdf http://www.cnsnews.com/commentary/daniel-mitchell/war-cash-yet-another-example-govt-trading-liberty-security -link to site L. Burke Files quoted

The War Against Cash, Part III

The War Against Cash, Part III The War Against Cash, Part III – as pdf https://www.forbes.com/sites/danielmitchell/2016/03/01/the-war-against-cash-part-iii/#2395c4807c56 – link to site L. Burke Files quoted

The Sins of Ann Twomey

The Sins of Ann Twomey Unions were started to represent the worker without a voice. While it is my opinion the usefulness of Unions is now debatable based upon Federal and State labor laws, they still exist. The hard work of the union members may explain why corruption within a union feels so much worse […]

Swiss Bank Linked to Malaysia Scandal

Swiss Bank Linked to Malaysia Scandal I have a nice small quote in a big story. Swiss private bank linked to Malaysia scandal-as pdf http://nypost.com/2016/08/13/swiss-private-bank-linked-to-malaysia-scandal/  – site

Playing With Ebola – The Italian Mob Moves to Africa

Playing With Ebola – The Italian Mob Moves to Africa I had a nice quote in an amazing story of how the Mob continues to operate and bring mischief everywhere is goes – this time with the help of the UN and a $200 billion dollar bait. Authored by Craig Shaw, Lorenzo Bagnoli, and Lornzo Bordero in […]

FinCEN’s update Customer Due Diligence Requirements

FinCEN’s update Customer Due Diligence Requirements Customer Due Diligence Requirements for Financial Institutions It can be said to be no big thing, unless you are now subject to the rules. The new inclusion of investment advisors, financial planners, pension consultants and certain financial reports, and analysts makes these update a big thing.  Also, the forward-looking […]

Due Diligence Is Never Done

This is a very nice quote in Sarawak Report. I was commenting on the lack of due diligence exhibited by Goldman Sachs in the hiring and or retention of Timothy Leissner the lead broker for over 3 Billion dollars of bonds to a sovereign wealth fund that appears, as of now, to be a sovereign slush […]

Rats In Lab Coats

This is serious look at science fraud and how once published the frauds continue even after a study is retracted. IDDO-Rats-In-Lab-Coats

Quote in Free Malaysia Today

Quote in Free Malaysia Today on the 1MBD mess http://www.freemalaysiatoday.com/category/nation/2016/02/25/fbi-closing-in-on-goldman-sachs-1mdb-financial-scandal/

NY Post Quote

John Byrne of the New York Post is an excellent investigative journalist and is pursuing this case with a great deal of  success it should be interesting to see the ultimate fallout from this disaster.  He was kind enough to quote me in the process of his work. http://nypost.com/2016/02/20/fbi-gathers-clues-in-massive-goldman-sachs-money-scandal/

Letter to the FT

Letter To The FT The Financial Times was kind enough to publish a letter to the editor on crimes and cash and the elimination of the  €500 note. https://www.ft.com/content/1d9b7d20-cff7-11e5-92a1-c5e23ef99c77 – link to article Cash crimes are the stuff of Hollywood movies | Financial Time  – pdf version

Election Fraud with Rt. Hon Bruce George

Election Fraud with Rt. Hon Bruce George What I am linking to is a video that took two months to plan and two to edit and another to get set up and online. So what do I do?  One of the things I am trying to prevent is fraud and corruption through the International Due […]

Beyond The Lease Agreement

Beyond The Lease Agreement A podcast, with the International Due Diligence Organization, focused on what to look into beyond the just lease agreement. Here I explore different questions to ask of a property to identify issues to consider for before signing that lease agreement. https://www.international-due-diligence.org/beyond-the-lease-podcast/

Forces of Bank Disintermediation

Forces of Bank Disintermediation By way of protecting their legal monopoly in the west banks are forcing themselves out of the market. The forces are similar to what the Railway act did to the automobile industry in England in the late 19th Century – the Railway Act killed the automobile industry and stalled the development […]

So What is it Worth

So What Is It Worth A post with the International Due Diligence Organization on “What Is It Worth”?   A discussion on why we need appraisals and why some of the values may be  confusing. https://www.international-due-diligence.org/what-is-it-worth/

Washington Times Quote

Washington Times Quote Had a nice quote in the Washington Times in Richard Rahn’s a fascinating look at “De-Risking” and the opposite effect AML laws are having on cash flows. http://www.washingtontimes.com/news/2015/nov/9/richard-rahn-the-global-taxers-are-after-you/

IDDO AND THE KINESIC INTERVIEW TECHNIQUE

IDDO AND THE KINESIC INTERVIEW TECHNIQUE I want to share an excellent white paper on Interviewing and Interrogation by D. Glen Foster, the renown international investigator and Father of the Kinesic Interview Technique ™ shares his insights in how to interview people and spot when they are lying, hedging, or telling the truth. It is powerful […]

All Andorra

All Andora Mr. Files has a very nice interview last week with All Andorra on the Banca Privada d’Andorra scandal. http://all-andorra.com/banca-privada-d-andorra-scandal/

Due Diligence and the Future of Financial Institutions

Due Diligence and the Future of Financial Institutions I have spent the last two months traveling around Europe, the Middle East and Africa looking at trends in finance.  I have been looking at the economies shaping finance, how customer demands are shaping finance and how technology is both attempting to address these issues as well as […]

Eruption Of Insurance Fraud In The Time Of Crisis

http://insuranceworld.gr/interfima-imerida-gia-tis-asfalistikes-apates/   Mr. Files Spoke in Athens in May of 2105 in a presentation titled “Eruption Of Insurance Fraud In The Time Of Crisis”   The Articles based upon the presentation –  https://insuranceworld.gr/26253/apopseis/synenteukseis/v-files-stimena-atichimata-akrivenoun-ta-asfalistika-simvolea/   Β.-Files-Στημένα-ατυχήματα-ακριβαίνουν-τα-ασφαλιστικά-συμβόλαια-Insurance-World  as a pdf

African Due Diligence – IFC Review

Last month, I saw an advert for a firm who said ‘They know Africa’ and that they could help with any research in Africa.  This sort of puffery for anyone who has spent time in Africa is laughable, but for those who are not familiar with Africa, let me share with you a few facts. Population: […]

A Greek tragedy and an EU crime

A Greek tragedy and an EU crime from Cayman Financial Review An article co-authored by L. Burke Files, with Mohammed Masoud on the Greek debt crusts and its roots in corruption. Cayman-Financial-Review-A-Greek-tragedy-and-an-EU-crime  as a pdf

Due Diligence – Studies Show…

Due Diligence – Studies Show… We have just finished a series of three very difficult cases.  The common theme in each case involved either a “survey” on trade dress issues or scientific studies supporting the opposition’s claims. In any matter out before the Federal Courts in the US we have to rely on what is called […]

Due Diligence: M&A Sans Investment Bankers

Due Diligence: M&A Sans Investment Bankers As a CEO you go to an investment banker and you say, “gee I think I am going to acquire a company for US$N per share.  Do you think it is a good idea?”  What are the chances they say no?  If they say no, you get to pay for the lunch. […]

Due Diligence: Here a Regulator, There a Regulator, Everywhere a Regulator

Due Diligence: Here a Regulator, There a Regulator, Everywhere a Regulator How did we come to this? How did we come to this oppressive weight of regulations and regulators? I did some high end sleuthing and plied my subjects with wine, fatty food and cigars to loosen their lips and tell me the real story. […]

The Sunday Times – UK

The Sunday Times – UK Scot Young, was he pushed? Link To Sunday Times UK Article Scot-Young-Was-he-pushed – as a pdf

Due Diligence For Asset Recovery

Due Diligence For Asset Recovery Due diligence investigations into the assets of a fraud feasor is delicate work.  Even proposing to do some research into a potential fraud feasor to see what can be done to recover assets, that is if there are any, has many risks.  In the due diligence process you risk tipping off the […]

Due Diligence In The MENA

Due Diligence In The MENA The topic is as fascinating as it is complicated, not just complex.  I am sure; at least for me that is why I find the work fascinating. The first step is to understand the nature of the target of your research.  What is the background of the counterparties, the acquisitions, […]

Financial Service Firms, Boom Goes The Balance Sheet

Financial Service Firms, Boom Goes The Balance Sheet There have been a series of recent acquisitions of second and third tier financial services firms.  The firms have included different types of firms such as insurance, family business management, securities, trust and estate planning, and tax management. These hasty acquisitions and the misunderstood role of due diligence […]

Due Diligence – Insider Trading

Due Diligence – Insider Trading For me, the gimlet eyed investigator, it is getting to the point that one cannot trade on any information that is either not already public, or that comes from an ephemeral fiscal itch to invest.  I understand the issue: by the time the ‘market information’ is made public the sentiment of […]

Due Diligence: Our Client Has Been Sanctioned

Due Diligence: Our Client Has Been Sanctioned It happened. As silly as it may seem it really did happen. One of our cherished client trust companies was working for a client that got sanctioned. That is when we got the call. When one runs an international organization with men and women from many counties the […]

Due Diligence: Red Flags On Investment Schemes

Due Diligence: Red Flags On Investment Schemes Everyone has their own biases when investing and I am certainly not immune.  One bias that has nothing to do with any factual support is anyone wearing Qiana shirts.  This was a big thing back when I was an investment banker in the late 70’s and anyone wearing a Qiana […]

IFC Review – Digital Currency

IFC Review – Digital Currency From IFC Web Site https://www.ifcreview.com/articles/2014/april/due-diligence-digital-currency/ From Archive IFC-Review-Due-Diligence-Digital-Currency

Poaching

A short video on wildlife poaching in East Africa

IFC Review Due Diligence Flight Capital

IFC Review Due Diligence Flight Capital On Fee Inc Site IFC-Review-Due-Diligence-–-Flight-Capital At IFC Review https://www.ifcreview.com/articles/2014/march/due-diligence-flight-capital/

IFC Review – Social Media – December 2013

IFC Review – Social Media – December 2013 A quick look at how social media is used to assess people and how it can be gamed and why are we even using social media in the first place? https://www.ifcreview.com/articles/2013/december/due-diligence-social-media/– From IFC Review Site IFC-Review-Due-Diligence-Social-Media  – PDF

L. Burke Files quoted in WSJ

L. Burke Files quoted in WSJ A nice quote on a quick rant about art and arranged markets. WSJ-NV-LBF Wall Street Journal Website –https://www.wsj.com/articles/SB10001424052702304337404579211861747252416  

L. Burke Files – Young v Young

L. Burke Files quoted in the Independent.  His quote that shall follow him forevermore was his comment about a company, that had been liquidated and defunct for several years still had assets in a bank account and was paying bills – he said that it struck him “Like a dead cat out shopping for groceries.” […]

L. Burke Files Young v Young

L. Burke Files was called as an expert in the matter in the United Kingdom of Young versus Young. The media coverage was crazy big… and as a fun note, I was quoted in describing a bank account that went on transacting business after the company and its beneficial owner were insolvent as a bit […]

L. Burke Files in Doha, Qatar

L. Burke Files participates in the launch event for the American Anti Corruption Institute in Doha, Qata LBF-in-Qatar – pdf version

IFC Review – Due Diligence Fails

IFC Review – Due Diligence Fails IFC-Review-Due-Diligence-Fails – pdf version https://www.ifcreview.com/articles/2013/october/due-diligence-fails/ -IFC Site

Sanctions

Sanctions SANCTIONS_ACAMS_SEPT2013_SMH An article on Sanctions and Compliance  Published in ACAMS Magazine by Shaun Hassett.

IFC – Distributed Due Diligence

IFC – Distributed Due Diligence pdf version – IFC-Review-De-Centralised-Due-Diligence An interesting look at how distributed due diligence / risk identification and management can pay significant dividends.

IFC Review – Due Diligence – Examples in Ibiza

IFC Review – Due Diligence – Examples in Ibiza From IFC site https://www.ifcreview.com/articles/2013/august/due-diligence-examples-in-ibiza/ pdf version IFC-Review-Due-Diligence-–-Examples-in-Ibiza      

Banking On Scams

Banking On Scams L. Burke Files quoted in June 30 2013 NY Post Banking-on-scams-NYPOST.com_ – pdf version Link to NY Post  

How To Spot A Start Up Business That Will Fail

How To Spot A Start Up Business That Will Fail GK-How-To-Spot-A-Start-Up-Business-That-Will-Fail-By-L.-Burke-Files This is from Gail Kasper’s top One Percent Club of whom Mr. Files is a regular contributor.  

Due Diligence: NGOs and Charities

Due Diligence: NGOs and Charities In this month’s column, Burke Files examines how the veneer of decency can be used to hide mischief through the use of Charities and NGOs as channels for laundering money.   Link to Article – https://www.ifcreview.com/articles/2014/may/due-diligence-ngos-and-charities/ PDF Version – Due Diligence_ NGOs and Charities _ IFC Review

Banks 1.6 Trillion Secret

Banks 1.6 Trillion Secret Banks 1.6 Trillion Secret – NY Post– link to page LBF-03302013-NYPOST.com_ – pdf version By JOHN AIDAN BYRNE  

IFC Review – February 2013

IFC Review – February 2013 Due Diligence and Innovation In his latest column, Burke Files, FEE Inc examines the reasons behind the bankruptcy of Michael Porter’s Monitor Group and warns there is no short cut to fiscal alche IFC-Review-Fed-2013 – PDF Version IFC Review Home Page

John Cooke

John Cooke Fraud Report is back.  Yeah….   I used to contribute a lot of material to the hard copy, but it is back and it is great and it is online.  They even brought back some of my old articles.  Go visit The John Cooke Fraud Report  

IFC Review January 2013 Fool or Fraudster

IFC Review January 2013 Fool or Fraudster IFC-Review-Due-Diligence_-Fool-or-Fraudster A look at who arrives to the loss first the fool or the fraudster, by L. Burke Files   Visit IFC Review

IFC Review December 2012 Due Diligence; Sanctions and Insurance

IFC Review December 2012 Due Diligence; Sanctions and Insurance IFC-Review-Due-Diligence–and-Insurance – PDF of Article A short piece on Iranian tankers, shipping and how they are attempting to deceive the insurance market. Also please visit IFC Review  for more information

IFC Review – CPAs are Not Fraud Auditors or Security Professionals – 11/2012

IFC Review – CPAs are Not Fraud Auditors or Security Professionals – 11/2012 https://www.ifcreview.com/articles/2012/november/cpas-are-not-fraud-auditors-or-security-professionals/ IFC-Review-Novemner-2012-CPAs–pdf version This article address the unqualified rent seeking CPA professions overreach into fraud and into security.  The CPA designation does not give one expertise or credentials in fraud investigations, it does not provide any credentials in or training in security […]

IFC Review – Due Diligence from the Corner – 10/2012

IFC Review – Due Diligence from the Corner – 10/2012 This is a short article about how sometimes being compliant can force us to have to break/navigate other rules to get the information we need to be complaint. IFC-Review-Due-Diligence-from-the-Corner  

Luxembourg Chronicle – Interview

I had a short but very interesting interview with the editor of the Luxembourg Chronicle  on International Financial Centers titled,  Nuggets of Wisdom and Folly Chronicle.lu-Nuggets-of-Wisdom-and-Folly-from-Burke-Files-The-Futue-of-Intenational-Financial-Centres PDF Version of Article Link to Article

IFC Review – September 2012 – Suits

IFC-Review-September-2012 In the latest of his series of regular columns, L Burke Files, Fee Inc examines how a thorough Due Diligence process pays off even in the most unlikely of circumstances. IFC Review – Due Diligence To Suit Yourself

L. Burke Files and Author Norb Vonnegut

L. Burke Files and Author Norb Vonnegut Vonnegut-CNBC Best selling author of financial thrillers Norb Vonnegut refers in a blog post on CNBC to L. Burke Files on some of the basic steps wealthy families need to take to stay out of harm’s way. Please also see “The Trust” by Norb Vonnegut    

IFC Asia Pacific Review 2012

IFC Asia Pacific Review 2012 Due Diligence Credentials – due-diligence-scan-2-1 With the International Association of Due Diligence Professionals IFC Review – link to article IFC Asia Pacific Review 2012 _ IFC Review – pdf version

EDGE MAGAZINE – CITITRUST – 3RD QTR 2012

EDGE MAGAZINE – CITITRUST – 3RD QTR 2012 Edge-34-2012 Disintermediation, how market forces in International Finance are eliminating the middlemen, by L. Burke Files Edge Magazine, Disintermediation by L. Burke Files, 3rd qtr 2012 Edge, Cititrust eMagazine 3rd Quarter for 2012 – Full Publication  

IFC Review – July 2012 – Pigs Have Sprouted Wings

IFC Review – July 2012 – Pigs Have Sprouted Wings IFC-Review-July-2012-Pigs-have-sprouted-wings-Republic-Bank-Trust-Company-plaintiff-v.-Bear-Sterns-Company-Inc.-etal.-Defendant-Appellees-US-Court-of-Appears-6th-Circuit-10-5510.    

IFC Review – June 2012

IFC Review – June 2012 IFC-Review-June-2012 The International Due Diligence Association – Setting Standards    

IFC Review – Technology and Due Diligence

IFC Review – Technology and Due Diligence IFC-Review-May-2011 A discussion of technology and due diligence when it can help and when ones needs to beware  (link to IFC) pdf version IFC Review  

Offshore Alert Blog

Offshore Alert Blog Corruption – No Saints Desired Just Solutions. Link to Article

CBS News 48 Hours Mystery

CBS News 48 Hours Mystery L. Burke Files was an investigator helping friends look for Jamie Jean Laiaddee.  The rest of the story can be seen in the episode that  aired April 14, 2012 on CBS Channels or on the web at Link to Article

Edge Magazine – CitiTrust – 2nd qtr 2012

Edge Magazine – CitiTrust – 2nd qtr 2012 Edge-24-2012 OFAC – Office Of Foreign Asset Control. When OFAC come calling the response is Oh! FAC.  How to avoid serious compliance failure and being fined by OFAC. Oh! FAC by L. Burke Files, Edge Magazine – Cititrust International, Inc.      

IFC Review – March 2012

IFC Review – March 2012 IFC-Review-Due-Diligence_-Robust-v-Fragile Due Diligence –  Robust v Fragile by L. Burke Files    

Top 1 Percent Club

I have recently partnered with the Top 1 Percent Club where I am featured as an expert. Not only will you be able to view additional articles from me, but you will also have the opportunity to learn from the Top 1% Club Mentor, Gail Kasper, one of the nation’s leading professional speakers, a television commentator, […]

Offshore Alert – A Burning Hole in AML

Offshore Alert – A Burning Hole in AML Offshore Alert – A Burning Hole in AML A Burning Hole in AML is a discuss about PEP and what makes a PEP and what can be done when one must de – PEP a PEP. A post to Offshore Alert ‘s blog

Offshore Alert – Meat In The Room Or A Board of Directors

Offshore Alert – Meat In The Room Or A Board of Directors Offshore Alert – Meat In The Room Or A Board of Directors Read Blog Post While we are familiar with nominee directors, I am looking at named directors in public and investment companies. In specific the offshore public and investment companies’ boards of […]

BDWeek – August 2011

BDWeek – August 2011 BDWeek-August-2011 Enforcement Alert, BDWeek – August 2011 Settlement shows need to focus on anti-money laundering basics. L. Burke Files quoted on page 4. BDWeek, Settlement shows need to focus anti-money laundering

BDWeek – March 2011

BDWeek – March 2011 BDWeek-March-2011 Enforcement Alert, BDWeek – March 2011, anti money laundering aml compliance, securities broker dealers Clearing firm is fined $400,000 in settlement over AML program L. Burke Files quoted on page 5

LIMRA Regulatory Review, February 2011

LIMRA Regulatory Review, February 2011 LRR_2011-1 Article by Shaun Hassett LIMRA Regulatory Review Everything Old Is New Again, Page 3 On OFAC Sanctions

Ignites a Financial Times service

Ignites a Financial Times service CompliancePros AML Compliance Pros Hit With More Work, Fewer Resources  Shaun Hassett quoted on page 3    

IFC Review September 2010

IFC Review September 2010 IFC-Review The Future of Offshore Financial Centers an article by L. Burke Files

ACAMS Today Asset Recovery

ACAMS Today Asset Recovery L. Burke Files and Shaun Hassett discuss how traditional asset recovery is dead, and share a new very effective approach. ACAMSToday2009

Noticias Centro – December 02, 2009

Noticias Centro – December 02, 2009 StanfordBank Stanford Bank bajo la lupa por los certificados ¿tóxicos?, Investigador Privado Sr. L. Burke Files quoted on Page 2

Wired UK September 2009

Wired UK September 2009 Wired-UK-09.09 L. Burke Files referenced as an International Private Investigator

Cay Compass – January 13, 2009

Cay Compass – January 13, 2009 Cay Compass – January 13, 2009 Funds Conference Takes On Trying Times L. Burke Files, pictured and quoted

Worth October 2004

Worth October 2004 Worth-October-2004 Out of Harm’s Way Richard Isaacs quoted in the article

Toronto Star – April 4, 2004

Toronto Star – April 4, 2004 Toronto-Star-4-April-2004 Rise of Private-sector soldier Richard Isaacs quoted in article

USA Today – November 7, 2003

USA Today – November 7, 2003 USA-Today-7-November-2003 Is wireless world a secure one? Richard Isaacs quoted in article

Wired News – March 11, 2002

Wired News – March 11, 2002 Wired-News-11-March-2002 Dot’s All You Need For Security L. Burke Files quoted in the article