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Polish Investigations into Delaware Companies Highlight Vulnerabilities to Laundering
By Colby Adams
printInvestigations by Polish prosecutors into money laundering and other financial crimes in the United States are pointing to gaps in Delaware's incorporation laws, according to compliance consultants. In the past two years, Polish prosecutors have asked the U.S. Attorney's Office in Delaware to assist in gathering evidence and witness statements for at least three separate criminal cases in which fraud proceeds were allegedly laundered by exploiting Delaware's incorporation process. Polish officials filed the queries between August 2006 and March 2009. The requests paint Delaware as an easy integration point for illicit foreign assets, said Fred Abrams, a New York-based attorney...
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