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duaybes-munther

duaybes-munther

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Published by My-Acts Of-Sedition
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Published by: My-Acts Of-Sedition on Aug 11, 2013
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08/11/2013

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1 of 8
AUG 26, 2009
09-20732-CR-GRAHAM/TORRES
Case 1:09-cr-20732-DLG Document 1 Entered on FLSD Docket 08/27/2009 Page 1 of 8
 
2 of 8
Case 1:09-cr-20732-DLG Document 1 Entered on FLSD Docket 08/27/2009 Page 2 of 8
they result in either currency received (cash in) or currency disbursed (cash out) by the finan ialinstitution totaling more than $10,000 during any one business day." Covered financial transacti nsinclude deposits, withdrawals, check cashing, or other transactions involving the physical tran fer
of
currency from one person to another.
3.
Before concluding any financial transaction that would trigger a CTR filinfinancial institution, such as a money service business ("MSB"), must verify and accurately recthe name and address
of
he individual presenting a financial transaction, as well as accurately recthe identity, Social Security or taxpayer identification number
of
any person or entity on whbehalf such financial transaction is to be effected.4. In addition, pursuant to
31
C.F.R.
§
103.125(a), MSBs must "develop, impleme
t,
and maintain an effective anti-money laundering program
...
reasonably designed to preventmoney services business from being used to facilitate money laundering." The program must ecommensurate with the risks posed by the location, size, nature and volume
of
he financial servi esprovided
by
the MSB. The program must also incorporate policies, procedures and contr
Is
reasonably designed to assure compliance with the BSA and implementing regulations.
5.
In or around September 2008, the Internal Revenue Service and the United Stat sDepartment
of
Labor initiated an undercover operation to investigate possible illegal activities wit ·nthe local money service industry. A cooperating witness ("CW") assisted in the undercover operati nby posing as the owner
of
a company in Broward County. The CW presented himself as someo ewilling to cash his business' checks made payable to a shell company.
2
 
3 of 8
Case 1:09-cr-20732-DLG Document 1 Entered on FLSD Docket 08/27/2009 Page 3 of 8
Defendant and Relevant Entities
6.
MDPL, Inc., doing business as
Mark's
Check Cashing Store, was incorporated in theState
of
Florida on
or
about November
8,
2005, with a principal place
of
business located at 3 57Military Trail in Lake Worth, Florida. As a check cashing store,
Mark's
Check Cashing Storebeen licensed and registered in the State
of
Florida as a money service business since Novembe
8,
2006. As a money service business, Mark's Check Cashing Store is a "financial institution" (as t atterm is defined in Title 31, United States Code, Section 5312(a)(2)(k) and under Title 31, Code
of
Federal Regulations, Sections 103.11(n)(3) and (uu)(2)) subject to the
CTR
filing requirements
of
the BSA and attendant regulations. From on or about March
2,
2007, through
on
or about Ma
8,
2009, Mark's Check Cashing Store filed 1,387 CTRs regarding over $42 million in financ altransactions executed for its customers.
7.
JH
American Construction Corp. was incorporated in the State
of
Florida
on
or ab utJanuary 21, 2008, with a principal place
of
business located at 740 East 5th Street in Hiale h,Florida. An individual whose initials are J.N. is the company's registered president. From
on
rabout
April11,
2008, through on or about December 20, 2008,
Mark's
Check Cashing Store fil d127 CTRs listing JH American Construction Corp. and J.N. as the participants involved in 1,2 3financial transactions totaling over $7.5 million.
8.
Defendant
MUNTHER DUAYBES
was the president
ofMDPL,
Inc., and the own rand operator
of
Mark's
Check Cashing Store.3

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