Although authorities recognize the abuse of certain sectors by money launderers
, the response of law enforcement entities is limited by lack of judicial capacity, corruption, and cumbersome current asset forfeiture laws.
He said the legal process 'has from the start been a stumbling block to the immediate prosecution of suspected money launderers
underline the urgency for the Congress to pass new legislation relaxing the country's bank secrecy law.'
Bob had established his credentials as a money launderer
by luring dealers on the fringes of the cartels with his undercover colleague Emir Abreu.
Arguments can certainly be made that hedge funds are not the most attractive (i.e., liquid) option for money launderers
and that banks are performing AML procedures already.
Of course as AML laws and regulations are enhanced, the money launderers
evolve and adapt.
Figures released earlier this month showed in the past two and a half years, more than 2,500 tonnes of toxic sludge have been dumped all over Northern Ireland by fuel launderers
When I shared this incident with a friend I was shocked when he told me that most launderers
take dry clean orders and just do laundry!
Not all international money launderers
, it seems, are built the same.
Summary: Rapid growth of Kuwait's financial sector could create an attractive environment for money launderers
and terrorism financiers, the International Monetary Fund said in a report.
THREE international money launderers
who were dubbed the Gone In 60 Seconds gang are today behind bars over a racket to launder pounds 1 million of drugs money through Birmingham banks every month.
Cyberspace offers opportunities for financial criminals to improve their illegal activities, money launderers
learn rapidly the electronic payment instruments, the use of virtual casinos, online auctions, and virtual games, ensuring a legal facade in order to seize illicit income.