Assistant District Attorney & Chief, Money Laundering & Financial Investigations Unit
Office of the Special Narcotics Prosecutor, City of New York
Clark Abrams is Chief of the Money Laundering and Financial Investigations Unit at the Office of the Special Narcotics Prosecutor for the City of New York, where he is responsible for investigating and prosecuting money laundering cases, conducting training, and assisting and advising prosecutors throughout the Office on money laundering investigations and prosecutions. He also sits on the Office’s committee that approves and reviews undercover money laundering operations. Over the past 20 years, he has gained substantial experience, in positions with the Securities and Exchange Commission, Manhattan District Attorney’s Office, and Special Narcotics Prosecutor, investigating and prosecuting international money laundering, narcotics trafficking, and financial crime. After serving state appellate and federal trial judicial clerkships upon graduation from law school, Mr. Abrams practiced commercial litigation in New York City, before entering public service. He has served on various Financial Action Task Force (FATF) Working Groups, has been trained as a Mutual Evaluation Assessor for the 40 + 9 Recommendations, and has spoken both in the United States and abroad on issues relating to financial crime, money laundering, and international cooperation. Mr. Abrams, a graduate of Rutgers College and the University of North Carolina School of Law, is a founding member of the Compliance Committee of the New York City Bar Association.
Laundering of proceeds derived from illicit activities through real estate continues to make headlines. The threshold of the original Geographic Targeting Order issued by FinCEN in 2016 has been lowered to capture non-luxury real estate and has been expanded to cover additional geographies. Have the GTOs been successful or have other investigations led to the […]