1. Be prepared for the Worst-Case Scenario
“You are accused of money laundering and your assets are frozen”
The more someone holds influence over others, the bigger the risk of ending up with hostile and jealous people who have a malicious desire to inflict damage. Wealthy people from politically unstable countries are among those with the highest risk of being wrongly accused when the real aim is to keep them out of a lucrative business deal, to lock them down and to confiscate their assets. They need an asset protection lawyer.
It’s all smoke and mirrors when money laundering, corruption and terrorism are used as an excuse to come up with false allegations designed to drag a competitor into court proceedings that will lead to all of this bank accounts and assets being frozen.
1.1 Bribed Journalist published false Allegations in order to kick Competitors out of Business
Competitors of my client have paid a journalist to create false allegations. It’s effortless to fabricate an adverse scenario in the media. The IT systems of the banks constantly monitor the media. As soon as the suspicion in the media became apparent to the banks, the banks blocked the accounts of my supposedly suspected client. It is much more difficult to eliminate suspicions than to spread suspicions. In my capacity as an asset protection lawyer and specialist against money laundering, it’s crucial to start immediately providing documentary evidence to the banks.
Experience shows that around 70% of frozen bank accounts are released again at some time. In around 70% of cases, international corruption, international fraud, money laundering, organised crime and terrorism are cited as reasons for freezing the accounts of completely innocent business persons. An Asset Protection Lawyer has a good chance to close his case successfully.
Those who have not made asset protection strategies for business owners will run the risk of finding themselves destitute overnight. It can take many years for the accounts to be released in case multiple jurisdictions are involved. If no other funding sources are available, there is a real risk of the business and its owner ending up in bankruptcy court.
However, there are certain asset protection strategies for business owners that make it extremely difficult for the authorities to find accounts in foreign countries. As an asset protection lawyer, I am frequently contacted by clients from the former USSR and the Middle East for asset protection services that work in practice. They want to know the best way of protecting themselves against unjustified account freezes with the best asset protection services an asset protection lawyer can provide.
An unjustified account freeze can pull the entire company into the abyss and easily end in bankruptcy. The clients living in unstable countries are aware on the risks. The international legal assistance treaties are frequently abused to obtain highly sensitive banking information (also known as “fishing expeditions”).
Asset protection strategies should be implemented by an asset protection attorney before the assets are going to be frozen based on false allegations. It’s much more efficient to hire an asset protection lawyer before any damage occurs. Implementing global asset protection services in time means to be insured for rainy days.
Don’t leave it to the last second before disaster hits. Once the disaster has hit and the assets are frozen, an asset protection lawyer is not anymore in a position to make miracles for the client in no time. It takes time to solve the disaster. Start with the first asset protection company. Start with your offshore company formation procedure now. It’s the most convenient asset protection planning strategy.