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Into the Breach: Voluntary Compliance on Money Laundering Gets a Boost from the ABA and Treasury

It was early April 2006, and attorney Scott D. McCreary had an uneasy feeling about the $38.5 million sitting in his firm’s escrow account awaiting transfer to the seller of a long-range Gulfstream G-V jet. McCreary, who leads the aviation practice group for McAfee & Taft in Oklahoma City, knew that the owner of the firm seeking to buy the jet was Teodoro Obiang, the son of the dictator who has ruled the small west African state of Equatorial Guinea for more than three decades, and he wanted to know more about the source of that money.

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