“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

Our podcasts are for informational purposes only. They are not intended to provide legal, tax, financial, and/or investment advice. Listeners must consult their own advisors before making decisions on the topics discussed.

Asset Reality has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material.

The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Asset Reality employees are those of the employees and do not necessarily reflect the views of the company.

Asset Reality does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.

Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Asset Reality.

Ep. 15: Beyond Bars: Fighting Crime Through Asset Forfeiture