The Language Of Hiding

Terms of Art.

The term money laundering applies to the diverse and evolving methods by which proceeds of crime or fraud are rendered capable of enjoyment as legitimately sourced funds. The term is actually misleading. The concept is arguably more accurately captured by reference to the phrase – "asset provenance and ownership concealment." The subjects of the activity of asset concealment are twofold – namely (a) the history of the wealth sought to be hidden, and (b) the identity of its true beneficial owner.

Sophisticated hiding techniques abound. These techniques are used by professional asset secretion advisors in Switzerland, Liechtenstein, the Cayman Islands, and like jurisdictions. Their language of hiding includes: