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This profile was last updated on 1/31/14  and contains information from public web pages and contributions from the ZoomInfo community.

Jaikumar Ramaswamy

Wrong Jaikumar Ramaswamy?

Chief, Asset Forfeiture

Phone: (202) ***-****  
Local Address:  District of Columbia , United States
Department of Justice
950 Pennsylvania Ave. NW
Washington Dc , District of Columbia 20530
United States


Employment History

6 Total References
Web References
Jaikumar Ramaswamy, Chief, ..., 3 May 2014 [cached]
Jaikumar Ramaswamy, Chief, Asset Forfeiture and Money Laundering Section,
Speakers - The & ACAMS 17th Annual International Anti-Money Laundering Conference, 7 July 2013 [cached]
Jaikumar Ramaswamy
Jaikumar Ramaswamy Principal Deputy Chief, Asset Forfeiture and Money Laundering Section US Department of Justice, Criminal Division
Jaikumar is the principal deputy chief of the Asset Forfeiture and Money Laundering Section, Criminal Division, Department of Justice. He joined the Department in 2004 as an assistant United States attorney for the Southern District of New York, serving in the Major Crimes and Asset Forfeiture units where he led long-term investigations into complex frauds, conducted jury trials, and briefed and argued several appeals before the Second Circuit. Prior to becoming principal deputy chief, Jai served as a trial attorney in the Computer Crime and Intellectual Property Section in the Criminal Division, where he prosecuted online money laundering schemes, international computer crimes, and hacking/trade secret cases.
Quick Loan Express, 18 May 2015 [cached]
Bank of America has hired Jaikumar Ramaswamy, who heads the U.S. Justice Department's asset forfeiture and money laundering section, and Frederick Reynolds, who is deputy director of the Treasury Department's anti-money laundering unit, the Financial Crimes Enforcement Network (FinCEN).
Ramaswamy and Reynolds will join the bank in January and will report to the global head of financial crimes compliance, Bill Fox, a former director of FinCEN.
Ramaswamy has led the anti-money laundering unit at the Justice Department since 2012, and oversaw the largest such case in which French bank BNP Paribas pleaded guilty in July and paying nearly $9 billion in penalties to resolve charges that it violated embargoes against Sudan, Cuba and Iran.
"If you're a kleptocrat, you're going ..., 20 Mar 2014 [cached]
"If you're a kleptocrat, you're going to have to do a really good job hiding your stuff because we're going to get it eventually," said Jaikumar Ramaswamy, the chief of the Justice Department's Asset Forfeiture and Money Laundering section, which manages the Kleptocracy Initiative.
Ramaswamy said the unit has a dual mission: to help bring kleptocrats to justice, but also to harden the US financial system against illegal money flows.
The "underground criminal illicit finance infrastructure," said Ramaswamy, serves not only corrupt politicians but also tax evaders and organized crime.
But in some cases, Ramaswamy said, the unit is unable to penetrate the opaque shell companies that are used to hide stolen money. As ICIJ explored in its Offshore Leaks investigation, for as little as $90 "nominee directors" without business qualifications offer their names as fronts for offshore entities in which they have little to no real involvement.
"It often times is the dead end of an investigation, where you have a nominee trust or corporation, and you can't pierce beyond it," Ramaswamy said.
Ramaswamy said the lack of beneficial ownership data was the biggest obstacle that his team confronts in hunting down the assets squirreled away by kleptocrats.
2014 November | Quick Loan Express, 1 Nov 2014 [cached]
Bank of America has hired Jaikumar Ramaswamy, who heads the U.S. Justice Department's asset forfeiture and money laundering section,
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