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- Money laundering is illegal
- International problem, international co-operation is critical in the fight against it
- Anti-money laundering standards have been established for all countries
- [http: //www.fatf-gafi.org/pages/0,2987,en_32250379_32235720_1_1_1_1_1,00.html FATF] was established by the G-7 Summit in Paris in 1989 as a co-coordinated international response
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Money laundering is the act of taking illegal money ("dirty" money) and putting it through a cycle of transactions that “washes” the funds and “cleans” them, making the money look like proceeds from legal activities. A money launderer is a person or a group that either has possession of the proceeds of a crime or of the assets that represent the proceeds of illegal activities such as fraud, theft, drug trafficking, or any other crimes.
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Smurfing
- Dividing a large transaction in many smaller ones to avoid suspicion
- A person or group deposit money in to different banks at different times small parts of a large sum
- Avoids the scrutiny which large sums attract
- Term derived from the cartoon characters, The Smurfs, who lived in a large group of many small entities
- Aka: Structuring
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Prevention in U.S.
- 1970: Bank Secrecy Act established
- This act aimed to detect and prevent money laundering
- 1986: Congress passed Money Laundering Control Act
- The act recognizes money laundering as a federal crime
- Office of the Comptroller of the Currency established to enforce the finance laws
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Money Laundering Questions
is there a money cheat 1 AnswerThe cheats in Lost and Damned are identical as they are in GTA4, meaning there is no unlimited "money" cheat. However there are a few tricks on getting infinite... read more
How do i earn money. 4 AnswersSelect a question that interests you. Then research an answer. Write the answer in a professional way. Make sure to tell something that is not widely known. ... read more
Ways to earn money online? 3 AnswersI like do do online surveys and I have made a little extra here and there. I have found a company that has been legit and has never ripped me off. Its totally... read more
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On Twitter Powered by Twitter
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@KaveyF How about yourself, what do you do when you aren't money laundering?
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Got this sinking feeling that my money clip is in the washing machine. Nothing like a bit of Sunday morning money laundering
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Former McCann detective Kevin Halligen Indicted for Fraud and Money laundering www.j.mp/8oSc4h #McCann #fund #fraud
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ths just the price of money laundering, isnt it guys.
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Pinko Korner: Facebook | Nicole Mfg Blanchard: MONEY LAUNDERING http://cli.gs/qSSYb
view more tweets...
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On Twitter Powered by Twitter
-
@KaveyF How about yourself, what do you do when you aren't money laundering?
-
Got this sinking feeling that my money clip is in the washing machine. Nothing like a bit of Sunday morning money laundering
-
Former McCann detective Kevin Halligen Indicted for Fraud and Money laundering www.j.mp/8oSc4h #McCann #fund #fraud
-
ths just the price of money laundering, isnt it guys.
-
Pinko Korner: Facebook | Nicole Mfg Blanchard: MONEY LAUNDERING http://cli.gs/qSSYb
view more tweets...
-
-
On Twitter Powered by Twitter
-
@KaveyF How about yourself, what do you do when you aren't money laundering?
-
Got this sinking feeling that my money clip is in the washing machine. Nothing like a bit of Sunday morning money laundering
-
Former McCann detective Kevin Halligen Indicted for Fraud and Money laundering www.j.mp/8oSc4h #McCann #fund #fraud
-
ths just the price of money laundering, isnt it guys.
-
Pinko Korner: Facebook | Nicole Mfg Blanchard: MONEY LAUNDERING http://cli.gs/qSSYb
view more tweets...
-
-
On Twitter Powered by Twitter
-
@KaveyF How about yourself, what do you do when you aren't money laundering?
-
Got this sinking feeling that my money clip is in the washing machine. Nothing like a bit of Sunday morning money laundering
-
Former McCann detective Kevin Halligen Indicted for Fraud and Money laundering www.j.mp/8oSc4h #McCann #fund #fraud
-
ths just the price of money laundering, isnt it guys.
-
Pinko Korner: Facebook | Nicole Mfg Blanchard: MONEY LAUNDERING http://cli.gs/qSSYb
view more tweets...
-
-
On Twitter Powered by Twitter
-
@KaveyF How about yourself, what do you do when you aren't money laundering?
-
Got this sinking feeling that my money clip is in the washing machine. Nothing like a bit of Sunday morning money laundering
-
Former McCann detective Kevin Halligen Indicted for Fraud and Money laundering www.j.mp/8oSc4h #McCann #fund #fraud
-
ths just the price of money laundering, isnt it guys.
-
Pinko Korner: Facebook | Nicole Mfg Blanchard: MONEY LAUNDERING http://cli.gs/qSSYb
view more tweets...
-
-
On Twitter Powered by Twitter
-
@KaveyF How about yourself, what do you do when you aren't money laundering?
-
Got this sinking feeling that my money clip is in the washing machine. Nothing like a bit of Sunday morning money laundering
-
Former McCann detective Kevin Halligen Indicted for Fraud and Money laundering www.j.mp/8oSc4h #McCann #fund #fraud
-
ths just the price of money laundering, isnt it guys.
-
Pinko Korner: Facebook | Nicole Mfg Blanchard: MONEY LAUNDERING http://cli.gs/qSSYb
view more tweets...
-
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