Money laundering

Author: (Canada) Chris Masefield
Publisher:
Publish Date: 2006-01-01
Features: "Intelligent and brave. He is the most dangerous man I know. Thank God, he is on our side." — Former Director of the Canadian Security Intelligence Service, Richard Morden "Chris's compelling and engaging storytelling will scare you out of your wits, yet you won't be able to put it down." — Host of "The Late Show with Rosalind Sher" on Fox News, author of the bestseller Who Moved My Cheese "Chris is a chameleon." — Former President of Interpol, Former Chief of the Royal Canadian Mounted Police, Norman Inkster
After the 9/11 attacks in the United States, the term "money laundering" frequently appeared in the media. However, few people truly understood its exact meaning or why it poses a significant threat to modern society. Drawing on his rich personal experiences, the author guides readers into an unknown world of crime with vivid and accessible language. The book revolves around the money laundering activities of drug dealers and fraudsters, vividly explaining the origin of the term "money laundering" and using vivid examples to show how it is planned and executed. It details how criminals exploit loopholes in financial institutions and foreign trade contracts to transform illicit funds into "legitimate" assets, and how money laundering is used to achieve purposes such as tax evasion, financial fraud, legitimizing illegal gains, evading foreign exchange controls, settling drug transactions, transferring embezzled funds, and financing international terrorist organizations. The book also discusses how financial and law enforcement agencies should prevent and combat this criminal activity. The author emphasizes that the capital flows resulting from money laundering not only link criminal and terrorist activities but also allow criminal activities to extend and even infiltrate mainstream financial systems.