Money Laundering

Author: (Canada) Mazel
Publisher:
Publish Date: 2006-01-01
Features: "Intelligent and brave. He is the most dangerous man I have ever known. Thank God, he is on our side." — former Director of the Canadian Security Intelligence Service, Reid Morden "Chris's convincing and engaging narration will scare you out of your wits, yet you won't be able to put the book down." — former host of "The Late Show with Rosalind Chaffee" 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 September 11th 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 today's society. Drawing on his rich personal experiences, the author guides readers into an unknown world of crime with vivid and accessible language.
This book revolves around the money laundering activities of drug dealers and con artists, vividly explaining the origin of the term "money laundering." Through lively examples, it tells readers how money laundering is planned and executed, how criminals exploit loopholes in financial institutions and foreign trade contracts to transform illicit funds into "legitimate" assets, and how they use money laundering 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. It also details 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.