naturally do not want governments to recognise the international movement of proceeds from crime and such movements therefore normally involves smuggling across borders.
Once a bearer security has been issued, money launderers
or terrorist financiers can hold these securities or transfer them to an intended recipient" without using reputable financial facilities that would even record a transaction, let alone conduct know-your-customer checks.
There are several key benefits that lure launderers
to work here.
Identify bank customers: because launderers
covet anonymity for their clandestine activity, institutions must identify their customers and pass pertinent information to the appropriate authorities.
To avoid this, many launderers
make extra payments to themselves in the form of disguised consulting fees, salaries and the like.
For example, a launderer
will buy insurance, build up large cash values, and then take out loans against the policy.
They said it is their policy to check these things but I don't think pounds 2,000 is enough to make me a money launderer
A MERSEYSIDE man is due to appear in court today accused of bing the first ever money launderer
Different cops are eased into sundry parts of Sonny's crime ring: Jake (Seda) is inducted as Sonny's hotshot driver and Alex (Farmiga) becomes his money launderer
As adviser to leading companies on various economic and political issues, Benjamin Weiner, president of Connecticut-based Probe International, unmasks the money launderer
in the most recent issue of World, a magazine published by international accountants and consultants KPMG Peat Marwick.
A MONEY launderer
who fled to the Far East to escape justice has finally been jailed.
The money launderer
simply takes out a single or annual premium life insurance policy and deposits plenty of money into it.
However, her past returns to haunt her when the police ask for help in catching a money launderer
- by returning to the streets.
A convicted drugs money launderer
from Birmingham has been told to hand over nearly pounds 1 million to a court or face five more years in prison.
The third directive would for instance remove a defence that a lawyer mistakenly briefed a money launderer
"in good faith".