Money flow lessons learned from Osama bin Laden data haul will get prime focus at IAAR conference

Computer experts, investigators and analysts will dissect what bin Laden’s ‘sneaker net’ taught on money trails, fronts and networks
By: Patricia Valdes
Certified Specialist in Asset Recovery
Certified Specialist in Asset Recovery
June 2, 2011 - PRLog -- Miami – The raid on bin Laden’s hideout in Abbottabad did much more than rid the world of a bloodthirsty terrorist. It also provided invaluable lessons on extracting crucial evidence and intelligence from electronic devices that criminals use on money flows, fronts and nominees, and financial networks that criminals build and maintain to move and hide their criminal money.

The 3rd Annual IAAR Conference, Winning the Endgame of Financial Crime, on November 17-18, 2011, at Planet Hollywood in Las Vegas, will lead with the panel, “bin Laden's Data Haul – The Lessons It Teaches on 'Analog' Investigations and Digital Techniques," on November 17.

Four top experts will share best practices learned from the bin Laden data recovery for private and public sector computer forensic specialists, experts, investigators, forensic accountants and lawyers. Their presentations will show the steps they must take to extract, analyze, and pursue intelligence and evidence that electronic devices produce and how the data moves through the "sneaker net” that criminals construct to avoid detection.

The conference will gather several hundred lawyers, computer forensics experts, investigators, and investigative and intelligence analysts from the public and private sectors.

Practical, Actionable Knowledge for Attendees

The 15 panels at IAAR's November conference, Taking Back Financial Crime Assets – Winning Where it Really Counts, will arm attendees with actionable knowledge and skills that allow them to succeed at tracing and recovering fraud and other criminal proceeds.

Four other panels at the IAAR conference will focus on other crucial subjects in the asset recovery field:

•Third-Party Funding of Fraud and Matrimonial Asset Recovery Cases – Best Practices on
Using It and Building Protections

•Effective Use by Trustees, Receivers and Monitors of Their Special Powers and Tools

•Case Study: Tracing the Assets of Your Target and His Fronts Through Bank Records, Social Media and ‘Commodities Flow’ Analysis

•Using Obscure Judicial Orders to Freeze and Recover Assets Worldwide - Have You Heard of Break, Search and Mareva Orders?

"You can detect the crime, you can catch the fraudster, but if you don't take back the money, you've lost the case," said Charles A. Intriago, IAAR President and former federal prosecutor who also founded the Association of Certified Anti-Money Laundering Specialists. ACAMS created the landmark Certified Anti-Money Laundering (CAMS) credential which is held by nearly 10,000 professionals worldwide.

Asset Recovery Skills are Unique and Deserving of Special Attention

Intriago said asset recovery is the endgame of financial fraud. The skills to succeed at this crucial "endgame" of the fraud and other financial crime have been demarcated and set aside as unique and deserving of special focus by IAAR, for the first time.  

IAAR has constructed a certification exam that leads to the Certified Specialist in Asset Recovery (CSAR) credential. The November conference will offer a CSAR Exam Preparation Seminar on Wednesday, Nov. 16, the day before the full conference program. Taught by top asset recovery experts, the CSAR Exam Preparation Seminar will ready attendees for the exam.

"The CSAR certification is the first that focuses solely on asset tracing and recovery knowledge and skills," said Patricia Valdes, IAAR Executive Director.

Broad program aimed at honing asset tracing, recovery skills

The IAAR conference program in November will also include panels on other crucial asset recovery topics, such as the growing phenomenon of third-party funding of fraud and matrimonial asset recovery cases, recovering assets from third parties when the financial criminal has fled and the assets are gone, effective interviewing and interrogation techniques, and using little-known judicial powers to freeze and seize assets worldwide.

The IAAR Annual Conference is expected to draw close to 500 attendees from private and public sector organizations, and a variety of consulting firms and technology providers that serve the practitioners in this growing field. (A few of the testimonials from the attendees at the last two conferences are attached.)

"The conference was a terrific collection of new knowledge sources in this important, but challenging field," said William Jennings, managing director of Navigant in Atlanta.

About IAAR

The International Association for Asset Recovery is the only international membership organization for private sector and government professionals who work to recover assets derived from illegal activity or withheld from their rightful owners.

IAAR provides members with the CSAR certification, access to experts, breaking news and best practices in the growing asset recovery field, to allow them to better serve their organizations and clients, succeed at tracing and recovering assets, build better cases and advance their careers. An Advisory Board composed of some of the top experts in the world in asset recovery guides IAAR and its educational and career development programs, information exchanges and networking opportunities.

For more about IAAR and the CSAR certification contact Alexander Garcia by e-mail at or at (786) 517-2702.

(Press Credentials: Accredited members of the media may obtain credentials to cover the conference in November by contacting Patricia Valdes at 786-517-2715 or

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The International Association for Asset Recovery (IAAR) is the international membership organization for private sector and government professionals who work to recover assets derived from illegal activity or withheld from their rightful owners.

Tags:Asset Recovery, Asset Recovery Certification, Csar, IAAR, Asset Recovery Conference, Financial Fraud, Asset Tracing
Industry:Accounting, Business, Legal
Location:Miami - Florida - United States
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