Attempts to
launder money off the track through racing's financial organisations are also seen as unlikely with Weatherbys bank pointing to a high proportion of domestic clients limiting the likelihood of individuals using the bank for nefarious activities.
(30) If a single currency is introduced, it would make it easier to
launder funds without having to account for any losses due to exchange rate fluctuations.
government ran a successful sting operation laundering money for the Medellin cartel of Colombian cocaine dealers, a competitive price for large quantities was reported to be about 5 percent of the gross amount
laundered, with very speedy delivery guaranteed.
Do not field
launder or machine
launder the stuff sack.
The following design guidelines were used for the
launder system:
* The most obvious clue to the use of a legitimate business to
launder money is in the company's profit margin.
The criminals used these accounts to
launder millions of dollars to offshore banks, according to Tom O'Connell, an INS agent on the case.
At the same time, the crusade against laundering has served as an excuse for criminalizing a wide range of conduct, such as cash transactions over $10,000 not reported to the government, in which none of the participants would in other respects be deemed criminal and no one is trying to "
launder" anything.
Technological advances in e-commerce, the global diversification of financial markets and new financial product developments provide further opportunities to
launder illegal profit and obscure the money trail leading back to the underlying crime.
The NBI confirmed that neither of the two telecom companies conducted "real" business activities in Finland, and operated for merely to
launder money from Italy and Britain.
Property adviser GVA Grimley has issued a warning to the commercial property sector to be vigilant against individuals or companies using the industry to
launder "dirty" money.
A November 9, 1999 report, "Private Banking and Money Laundering: A Case Study of Opportunities and Vulnerabilities," also prepared by the Democratic staff of the Senate PSI, detailed how Raul Salinas employed Citibank's private banking department to
launder over $240 million into Swiss accounts.