U.S. files forfeiture complaint against $4.1M that DEA seized from ‘illegal BVI money transmitter’ Smart Focus International Fund

The United States has filed a forfeiture complaint against $4.1 million that the Drug Enforcement Administration previously seized from a U.S. bank account belonging to Argentina-based, British Virgin Islands-domiciled Smart Focus International Fund Ltd., which allegedly operated as an unregistered money transmitter for two months in 2021, during which it allegedly transmitted $37 million.