Portable, non-traceable assets like gold and jade are an ideal form of storing such gains -- far better than bank accounts, which can be traced and confiscated, or real estate, which to avoid scrutiny would have to be registered and held through relatives or other nominees.
The die was cast when the Co-op Bank merged with the Britannia Building Society in 2009, and thereby took on a great deal of bad debt: in 2012, £351m of the bank's £469m losses were traceable to assets once held by Britannia alone.
On the petition date, the value of the firm is therefore divided into two categories: value traceable to encumbered assets and other value.
The $480 million in penalties is the sum of the drug proceeds that are alleged to have been laundered; the government is also seeking to freeze and seize assets traceable to those companies.
For example, the Justice Department's kleptocracy prosecutors worked closely with anti-corruption prosecutors in the Republic of Korea this past year to investigate, identify, and seize over a million dollars in assets traceable to corruption proceeds acquired by Chun Doo Hwan, a former president of the Republic of Korea.
A gold watch or expensive handbag not only show appreciation to a helpful official or acquiescent mistress; they are also tradable assets and less traceable than cash.
While we could not rule out that the cultural heritage of non-CEO executives may shape decision-making in their particular areas of responsibility, our results indicated that, should such effects exist, they are not traceable in aggregate Return on Assets.
Civil asset forfeiture is limited to amounts traceable to the money laundering, and so-called "substitute assets" — other money held by a defendant — cannot be seized to satisfy a judgment.
The U.S. lawsuits seek to seize assets "involved in and traceable to an international conspiracy to launder money misappropriated from 1MDB" over a four-year period.
"The art world has become so transparent, and all these works are so traceable, ultimately they become an untradeable asset".
Signs that assets have been undervalued are traceable in public records, however.
