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CAUTION....
THE GOVERNMENT MAY BE TARGETING YOU! The definition of financial
institutions is expanding and includes among others, banks, investment companies, Indian casinos, travel agencies, automobile
dealers, boat dealers, airplane dealers, and real estate closers. Your company may be within this definition which is not
limited to the traditional "financial institutions". The Office
of the Comptroller of the Currency, FinCEN, the Federal Reserve and other regulators are levying substantial fines against
banks and other financial institutions and in some cases proceeding with criminal charges. Your due diligence programs must
be strong and supported by qualified individuals or you may be next in the headlines with million dollar fines! IRS regulations
also require "any person who is engaged in a trade or business and who in the course of that trade or business received more
than $10,000 in cash ....shall make a return (a Form 8300) at such time as the Secretary by regulation prescribes". Suspicious Activity Reports (SARS) are now required to be filed in many instances, so
do not make a costly error and rely on inexperienced investigators who are not experts in financial investigative matters.
Will your investigators be able to withstand scrutiny from Federal or State regulators? Are they qualified and competent?
Have you done proper due diligence? This could be the difference in your financial survival or prosecution. Our consultants
have investigated all aspects of these cases from the ground up including working undercover in both tax and money laundering
cases and have presented these cases in Federal Court for prosecution. Tax investigations require substantial documentation
capability and expertise which is needed in any AML investigation, especially when complying with an order. We have also trained law enforcement and regulators worldwide on how to conduct these
investigations. How many CPAs or even retired Washington bureaucrats have that experience? Compare our consultants experience
with anyone, and be sure to ask those retired "Washington bureaucrats" how many cases have they investigated, and especially
testified in. Further, check the backgrounds of consultants you
are considering, for some may not be what they appear and you must conduct due diligence on them as well. Are you hiring recent
college graduates from a CPA firm with a check list to review or experienced investigators who can make proper decisions that
can withstand the regulators? Which group would your board feel most confortable with? The professional associates of Ronin
Resources can resolve these issues for you. Important information on Anti-Money Laundering can be found at the
Association of Certified Anti-Money Laundering Specialists.
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